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A cryptocurrency exchange is a platform where users can buy, sell, or trade digital currencies like Bitcoin using fiat or other cryptos.
Bybit’s matching engine is one of the fastest in the industry, capable of processing 100,000 transactions per second. This high speed and efficiency reduce latency and slippage, providing a smoother trading experience compared to many other exchanges.
Bybit operates 24/7, allowing users to trade cryptocurrencies at any time, as the crypto market never closes.
To protect your Bybit account:Enable 2FA: Add an extra layer of security with Google Authenticator. Use Anti-Phishing Codes: Create a unique code to verify official communications. Whitelist Withdrawal Addresses: Restrict withdrawals to approved addresses. Monitor Account Activity: Regularly check your account for ...Read more
To view your trading history on Bybit:Log in to your Bybit account. Navigate to the Assets page. Select Trading History or Order History to view past trades and transactions.
To set up Take Profit and Stop Loss orders on Bybit:Open the trading interface and choose your trading pair. Enter your position size. Set the Take Profit price to automatically close your position at a profit. Set the Stop Loss price to ...Read more
Bybit’s Copy Trading feature allows users to:Follow Successful Traders: Copy the strategies of top-performing traders. Automatic Execution: Trades are automatically executed in your account based on the trader you follow. Transparency: View the performance and history of traders before deciding to ...Read more
Bybit’s role in the Web3 ecosystem includes:Supporting Decentralized Applications (dApps): Providing infrastructure and integration with Web3 services. Promoting DeFi and NFT Projects: Facilitating access to decentralized finance and NFTs. Innovation in Blockchain Technology: Continuously exploring and integrating new Web3 technologies.
Bybit supports DeFi by:Offering DeFi Products: Like staking, liquidity mining, and yield farming through ByFi Center. Integrating DeFi Protocols: Allowing users to participate in DeFi projects directly from the platform. Promoting DeFi Education: Providing resources to help users understand and engage ...Read more
To access Bybit’s NFT Marketplace:Log in to your Bybit account. Navigate to the NFT Marketplace from the main menu. Browse, buy, sell, or trade NFTs using your Bybit account balance.
