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Cryptocurrency

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Home/Cryptocurrency/Page 5

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Bybit
Bybit
Asked: 1 year agoIn: Cryptocurrency, Exchange

Which platform has lower fees, Bybit or Margex?

Bybitmargex
  1. Bybit
    Bybit
    Added an answer about 1 year ago

    Margex usually has lower fees than Bybit. On Margex, maker fees are like 0.019% and taker fees around 0.06%. Bybit’s fees are a bit higher unless you’re a VIP or do tons of trading — then you can get discounts. Also, Margex doesn’t ask for KYC, which is cool if you want to stay low-key. Bybit does rRead more

    Margex usually has lower fees than Bybit. On Margex, maker fees are like 0.019% and taker fees around 0.06%. Bybit’s fees are a bit higher unless you’re a VIP or do tons of trading — then you can get discounts.

    Also, Margex doesn’t ask for KYC, which is cool if you want to stay low-key. Bybit does require KYC but has more features and promos if you’re into that.

    So if you just want low fees and no fuss, Margex is the cheaper option. But if you want more tools and don’t mind a bit more paperwork, Bybit’s solid too.

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Answer
Bybit
Bybit
Asked: 1 year agoIn: Cryptocurrency, Exchange

How long does it take to receive a bitcoin from Cash App to the Bybit app?

BitcoinBybitBybit Appcash app
  1. Bybit
    Bybit
    Added an answer about 1 year ago

    Usually not that long, man. After you send Bitcoin from Cash App, it goes through the Bitcoin network, which takes like 30 to 60 minutes most of the time — depending on how busy the network is. Cash App sends it out pretty quick once you hit “withdraw,” and then Bybit just waits for a few confirmatiRead more

    Usually not that long, man. After you send Bitcoin from Cash App, it goes through the Bitcoin network, which takes like 30 to 60 minutes most of the time — depending on how busy the network is.

    Cash App sends it out pretty quick once you hit “withdraw,” and then Bybit just waits for a few confirmations (usually 3) before it shows up in your account.

    So yeah, if the network isn’t slammed, you should see your BTC in Bybit in under an hour. Just keep an eye on the transaction and you’re good.

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Answer
Bybit
Bybit
Asked: 1 year agoIn: Cryptocurrency, Exchange

Is Bybit a safer option for trading than Coinbase?

Bybitcoinbase
  1. Bybit
    Bybit
    Added an answer about 1 year ago

    Tbh, both are solid, but they kinda serve different types of users. Coinbase is more “mainstream,” ya know? It’s based in the U.S., super regulated, and it’s great for beginners who just wanna buy crypto with a few taps. So yeah, it’s pretty safe in terms of compliance and all that. But they do askRead more

    Tbh, both are solid, but they kinda serve different types of users.

    Coinbase is more “mainstream,” ya know? It’s based in the U.S., super regulated, and it’s great for beginners who just wanna buy crypto with a few taps. So yeah, it’s pretty safe in terms of compliance and all that. But they do ask for a lot of KYC stuff and sometimes freeze accounts for “security checks,” which can be annoying.

    Bybit, on the other hand, is more for people who are into trading — like futures, leverage, and all the spicy stuff. It’s based offshore (not in the U.S.), so it’s less regulated but also gives you more freedom. It’s got solid security features, and a lot of pro traders use it. But yeah, since it’s not under strict U.S. laws, you kinda gotta trust their reputation and your own security habits.

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Bybit
Bybit
Asked: 1 year agoIn: Cryptocurrency, Exchange

What do people do with KYC for Bybit after buying it?

Bybit
  1. Bybit
    Bybit
    Added an answer about 1 year ago

    So, after you’ve bought crypto or deposited funds on Bybit, the KYC (Know Your Customer) step is basically to verify who you are. People usually upload some ID—like a passport or driver’s license—and sometimes a selfie for proof. It’s like Bybit making sure you’re legit and not a robot or someone trRead more

    So, after you’ve bought crypto or deposited funds on Bybit, the KYC (Know Your Customer) step is basically to verify who you are. People usually upload some ID—like a passport or driver’s license—and sometimes a selfie for proof. It’s like Bybit making sure you’re legit and not a robot or someone trying to do sketchy stuff.

    Once you finish KYC, you get higher withdrawal limits and access to more features on Bybit, like bigger trading amounts or certain promotions. Also, it helps keep the platform safe for everyone.

    Most people just do it once and then forget about it, since it’s just a one-time verification to unlock all the cool stuff.

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Bybit
Bybit
Asked: 1 year agoIn: Cryptocurrency, Exchange

Is it legal to purchase a verified Bybit account in the United States?

BybitUnited States
  1. Bybit
    Bybit
    Added an answer about 1 year ago

    that’s not a good idea. Bybit doesn’t even allow people from the U.S. to use their platform — it’s literally in their rules. So if you try to buy a verified account, you’re breaking their terms and possibly messing with U.S. laws too. Even if you manage to get one, there’s a high chance they’ll shutRead more

    that’s not a good idea. Bybit doesn’t even allow people from the U.S. to use their platform — it’s literally in their rules. So if you try to buy a verified account, you’re breaking their terms and possibly messing with U.S. laws too.

    Even if you manage to get one, there’s a high chance they’ll shut it down once they find out you’re from the U.S. Plus, if you had any crypto in there? Say goodbye to that too. Not worth the risk.

    If you’re in the States, just stick to exchanges that are legal there — like Coinbase, Kraken, or Gemini. Keeps things chill and safe.

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Answer
Bybit
Bybit
Asked: 1 year agoIn: Cryptocurrency, Exchange

Can you explain the differences between Bitfinex and Bybit?

bitfinexBybit
  1. Bybit
    Bybit
    Added an answer about 1 year ago

    Bitfinex is like an OG crypto exchange where you can buy and sell actual coins, do some margin trading, and even lend your crypto for interest if you want. It’s kinda for people who know their way around trading and want lots of options. Bybit, on the other hand, is more about futures and leveragedRead more

    Bitfinex is like an OG crypto exchange where you can buy and sell actual coins, do some margin trading, and even lend your crypto for interest if you want. It’s kinda for people who know their way around trading and want lots of options.

    Bybit, on the other hand, is more about futures and leveraged trading — meaning you’re basically betting on crypto price moves with borrowed money. It’s newer, more modern-looking, and super popular with people who like fast, easy-to-use platforms and wanna go big with leverage.

    Bitfinex can feel a bit complicated if you’re new, but it’s solid for serious traders. Bybit’s interface is way more chill and user-friendly.

    Oh, and Bybit’s got these cool affiliate programs and trading contests, plus they pay out fast. Bitfinex is more old-school but still reliable.

    So if you want to actually buy coins and hold ‘em, Bitfinex is good. If you wanna trade like a pro with leverage and speed, Bybit’s probably your jam.

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Bybit
Bybit
Asked: 1 year agoIn: Cryptocurrency, Exchange

Is identity verification required for Bybit? If so, what is the process and how long does it take for approval? If not, what are some ways to avoid having to verify your identity?

BybitCryptocurrency Exchange
  1. Bybit
    Bybit
    Added an answer about 1 year ago

    Bybit does want you to verify your identity if you wanna use all the cool stuff on their platform. Like, you can probably do some basic things without it, but if you wanna trade more, withdraw bigger amounts, or use fiat stuff, they’ll ask for KYC (that’s just verifying who you are). The process isRead more

    Bybit does want you to verify your identity if you wanna use all the cool stuff on their platform. Like, you can probably do some basic things without it, but if you wanna trade more, withdraw bigger amounts, or use fiat stuff, they’ll ask for KYC (that’s just verifying who you are).

    The process is pretty simple — you upload your ID (passport, driver’s license, whatever), take a quick selfie for face verification, and then wait. Usually, it takes like 15 minutes to a couple of hours, sometimes up to a day if they need to check manually.

    If you wanna skip it, you can use Bybit with limited features — like smaller withdrawal limits (like 20,000 USDT a day max), and no access to some special promos or services. But honestly, avoiding KYC isn’t worth it if you plan to be serious with trading there.

    So yeah, best bet is to just get it done, it’s quick and opens up all the good stuff.

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Cryptocurrency
Cryptocurrency
Asked: 1 year agoIn: Cryptocurrency, Learn

Is Crypto Trading Halal or Haram?

Crypto Tradinghalalharam
  1. Cryptocurrency
    Best Answer
    Cryptocurrency
    Added an answer about 1 year ago

    It depends on how you do it. Some scholars say crypto is halal as long as you're trading it like a real asset — just like gold or stocks. That means: You own the crypto you're trading You're not using interest-based loans You're not just gambling or chasing hype coins But others say it's haram if yoRead more

    It depends on how you do it.

    Some scholars say crypto is halal as long as you’re trading it like a real asset — just like gold or stocks. That means:

    • You own the crypto you’re trading

    • You’re not using interest-based loans

    • You’re not just gambling or chasing hype coins

    But others say it’s haram if you’re:

    • Doing super risky trades or day trading

    • Treating it like a casino

    • Getting into shady or scammy projects

    Basically, if you’re careful, avoid interest and speculation, and treat crypto like a real investment — many believe it’s okay in Islam.

    Best move? Talk to a scholar you trust who knows about both Islam and crypto.

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Answer
Bybit
Bybit
Asked: 1 year agoIn: Cryptocurrency, Exchange

What is the Bybit Boosted Trader Program and how can I qualify?

BybitBybit Affiliate ProgramBybit Boosted Trader Program
  1. Bybit
    Bybit
    Added an answer about 1 year ago

    If you’re a trader looking to take your copy trading game to the next level, the Bybit Boosted Trader Program is an amazing opportunity you don’t want to miss. With exclusive features that boost your visibility and a massive 180,000 USDT bonus pool to reward your followers, this program is designedRead more

    If you’re a trader looking to take your copy trading game to the next level, the Bybit Boosted Trader Program is an amazing opportunity you don’t want to miss. With exclusive features that boost your visibility and a massive 180,000 USDT bonus pool to reward your followers, this program is designed to help you grow your follower base fast and stand out in the crowd.

    Ready to get started? Sign up now and join the ranks of top Master Traders gaining extra exposure and attracting more followers every day. Don’t wait — your chance to shine and boost your earnings is just a click away!

    👉 Join the Bybit Boosted Trader Program here!

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Answer
Bybit
Bybit
Asked: 1 year agoIn: Cryptocurrency, Exchange

Can bybit work in usa?

Bybitbybit for usabybit in usabybit usais bybit usa
  1. Bybit
    Bybit
    Added an answer about 1 year ago

    No, Bybit does not operate in the United States. As of 2025, Bybit clearly forbids users from the United States based on regulatory limitations. The United States is one of Bybit's "Excluded Jurisdictions," and therefore the platform does not provide services or products to customers in the U.S. TryRead more

    No, Bybit does not operate in the United States. As of 2025, Bybit clearly forbids users from the United States based on regulatory limitations. The United States is one of Bybit’s “Excluded Jurisdictions,” and therefore the platform does not provide services or products to customers in the U.S.

    Trying to access Bybit from the U.S., even through means such as VPNs, is against their Terms of Service. Bybit can close accounts and settle open positions if they find a user has falsified their location.

    This limitation is because of the regulatory stringent environment in the U.S., which requires crypto exchanges to abide by high compliance levels. Bybit has decided not to operate in the U.S. to prevent legal issues.

    For users in the U.S., it’s best to look at exchanges that are registered and compliant with U.S. regulations, like Coinbase or Kraken.

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