People do make money on Bybit. Some folks trade like pros and pull in solid profits, especially with leverage. But honestly, itโs not a guaranteed win โ cryptoโs super risky and prices can flip real fast. There are a few ways to make money on there: Trading (spot or futures) โ high risk, high rewardRead more
People do make money on Bybit. Some folks trade like pros and pull in solid profits, especially with leverage. But honestly, itโs not a guaranteed win โ cryptoโs super risky and prices can flip real fast.
There are a few ways to make money on there:
Trading (spot or futures) โ high risk, high reward kinda deal.
Staking and Bybit Earn โ more chill, passive income stuff. Not huge returns, but steady.
Copy trading โ where you just follow pro traders and let them do the work.
Affiliate program โ share your link, get people to sign up, and earn a cut from their trades. Some people make bank doing that.
But yeah, it really depends on how smart you play it. Some people kill it, some lose big. Just donโt go all in unless you know what you’re doing.
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So, you wanna build a crypto exchange like Bybit? Thatโs big time. Basically, you need a combo of tech, licenses, money, and trust. First, you gotta have a solid dev team to build the trading engine โ the thing that matches buy/sell orders super fast. Youโll also need wallets to handle crypto deposiRead more
So, you wanna build a crypto exchange like Bybit? Thatโs big time. Basically, you need a combo of tech, licenses, money, and trust. First, you gotta have a solid dev team to build the trading engine โ the thing that matches buy/sell orders super fast. Youโll also need wallets to handle crypto deposits and withdrawals securely.
Then thereโs the legal stuff โ depending on where you’re launching, youโll probably need licenses (especially if you’re dealing with fiat). KYC, AML, all that compliance stuff comes into play.
Youโll also need serious liquidity โ no one wants to trade on an exchange with no action. You might have to partner with market makers at the start.
Once thatโs rolling, you focus on UI/UX (make it clean), build a killer referral or affiliate program (like Bybit), and start marketing hard.
Also, security is everything. You mess up here, game over.
Structured 8-Step Plan to Build a Bybit-Like Exchange:
1. Research & Plan
Study competitors (Bybit, Binance, OKX, etc.).
Choose your niche (spot, derivatives, margin, copy trading, etc.).
Decide on key features (e.g. leverage, perpetuals, staking).
2. Legal & Regulatory
Choose your jurisdiction: Seychelles, BVI, Dubai, Lithuania, etc.
Get necessary licenses (depends on if you handle fiat).
Implement KYC/AML compliance tools (use tools like SumSub or Chainalysis).
3. Tech Development
Core features to build or license:
Matching engine (high-speed order execution).
Wallet system (hot/cold wallet structure).
User dashboard and trading interface.
Admin panel for risk management and compliance.
Hire a strong team or use white-label solutions (e.g. HollaEx, AlphaPoint, or ChainUP).
4. Liquidity
Partner with liquidity providers or market makers.
Use APIs to plug into other exchanges for volume in the beginning.
5. Security
Top priority: Secure codebase, DDoS protection, multisig wallets, cold storage.
Hire third-party firms for regular audits and penetration tests.
6. Payment Integration
Add fiat gateways if needed (check out providers like MoonPay, Banxa, or Simplex).
Enable crypto deposits/withdrawals from day one.
7. Marketing & Growth
Create a killer affiliate/referral program (like Bybitโs).
Partner with influencers, run airdrops, or trading competitions.
Build community on X (Twitter), Discord, Telegram, etc.
8. Customer Support & Scaling
Provide 24/7 support (chatbots + live agents).
Have account managers for VIPs.
As you grow, consider launching your own token or expanding into DeFi/NFTs.
Estimated Budget (Rough):
See lessMVP Build (basic exchange): $100Kโ$500K
Full-featured platform like Bybit: $1Mโ$10M+
Monthly Ops (legal, support, servers, liquidity): $50Kโ$200K