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Is it possible to recover lost money from crypto trading platforms such as BitMex and Bybit?
Well, it depends. If you sent crypto to the wrong address or forgot to add a memo/tag (which some coins need), Bybit might help you get it back — but usually, you’ll have to pay a fee, and it’s not guaranteed. They have a process where you submit your transaction details, and if it’s still possible,Read more
Well, it depends. If you sent crypto to the wrong address or forgot to add a memo/tag (which some coins need), Bybit might help you get it back — but usually, you’ll have to pay a fee, and it’s not guaranteed. They have a process where you submit your transaction details, and if it’s still possible, they’ll try to recover it.
BitMEX is a bit stricter and doesn’t really offer official recovery for lost funds. If you have trouble, you can contact their support, but often, lost crypto just can’t be recovered if it was sent incorrectly.
The biggest rule? Always triple-check addresses, tags, and chains before sending crypto. Once it’s gone, it’s often gone for good.
See lessCan someone make money through copy-trading on cryptocurrency exchanges such as Bybit, Bitmex, or Binance?
Copy-trading can be a legit way to make money if you pick the right trader to follow. On Bybit, for example, you can copy top traders who have solid strategies and good track records. Basically, whatever they trade, your account does too, so you get to ride their skills without having to be an experRead more
Copy-trading can be a legit way to make money if you pick the right trader to follow. On Bybit, for example, you can copy top traders who have solid strategies and good track records. Basically, whatever they trade, your account does too, so you get to ride their skills without having to be an expert yourself.
But heads up — it’s not 100% risk-free. Even pros can have bad days, and crypto markets are super volatile. So, don’t just throw all your money in blindly. Start small, watch how the trader performs, and make sure you’re comfortable with the risks.
Bybit’s platform makes it pretty easy to find verified top traders with stats and past performance, so you can choose wisely. If you’re smart about it, yeah, copy-trading can be a nice way to earn, especially if you don’t want to spend all day analyzing charts yourself.
See lessWhich cryptocurrency trading platform, Bitmex or Bybit, is more profitable and why?
Both Bitmex and Bybit are pretty solid for trading crypto, but Bybit kinda has the edge if you ask me. Here’s why: Bybit’s interface is way more user-friendly, especially if you’re new-ish to crypto trading. Plus, their customer support is better — they actually respond fast, which is clutch when yoRead more
Both Bitmex and Bybit are pretty solid for trading crypto, but Bybit kinda has the edge if you ask me. Here’s why:
Bybit’s interface is way more user-friendly, especially if you’re new-ish to crypto trading. Plus, their customer support is better — they actually respond fast, which is clutch when you’re dealing with money.
Also, Bybit tends to have more trading pairs and lower fees sometimes, so you keep more of your profits. And they have a killer affiliate program where you can earn extra if you bring friends in, which Bitmex doesn’t really do as well.
Bitmex was the OG, but they’ve had some issues with delays and strict KYC, which can be annoying.
So if you want smooth trading, better support, and more ways to make money, Bybit’s probably more profitable in the long run.
See lessIs Bitmex currently allowing US customers to use their new platform, Bybit?
No, Bybit does not allow U.S. customers to use its platform. The United States is among the jurisdictions explicitly restricted by Bybit due to regulatory compliance concerns. Attempting to access Bybit from the U.S., even through methods like VPNs, can lead to account suspension or loss of funds. SRead more
No, Bybit does not allow U.S. customers to use its platform. The United States is among the jurisdictions explicitly restricted by Bybit due to regulatory compliance concerns. Attempting to access Bybit from the U.S., even through methods like VPNs, can lead to account suspension or loss of funds.
Similarly, BitMEX also restricts U.S. users from accessing its services. Both exchanges implement geo-blocking and require Know Your Customer (KYC) verification that excludes U.S. residents .
For U.S. residents interested in cryptocurrency trading, it’s advisable to use exchanges that are compliant with U.S. regulations, such as Kraken, Coinbase, or Gemini.
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