OVERVIEW

Bybit, a cryptocurrency exchange platform, was established in 2018 with a focus on providing a professional, smart, intuitive, and innovative trading experience. The platform is designed for cryptocurrency traders looking for a facile and efficient way to trade digital assets such as Bitcoin and Ethereum with leverage. It appeals primarily to cryptocurrency traders ranging from beginners to experts who are seeking powerful trading tools, straightforward interface, and the opportunity to maximize their trading outcomes through features such as futures trading and perpetual contracts. The costs associated with trading on Bybit include trading fees, which are competitive in the cryptocurrency exchange market. These fees are divided into maker and taker fees, encouraging liquidity on the platform. Additionally, there might be fees related to withdrawals and funding rates that depend on the market conditions and the specific cryptocurrency being traded. There is no fee for depositing cryptocurrencies into a Bybit account. However, it is advisable for users to be aware of any network fees charged by the blockchain of the specific cryptocurrency for any transaction.

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