Bybit is a cryptocurrency exchange in Singapore, founded in 2018. It is a very popular exchange for crypto traders, with 100 times leverage and no margin, so there is no risk of taking on debt. It is said that there are more than 300,000 users, and it is an exchange that has become very popular in recent years. Bybit handles 8 currencies and supports 45 legal tenders around the world, which makes it different from other exchanges. Bybit is said to have a stronger server, and stable trading can be expected.
Bybit is a cryptocurrency brand operated by Bybit Fintech Limited. The cryptocurrency trading service will be available in 2018, and it is still an emerging company.
|Company Name||Bybit Fintech Limited|
|Business start date||2018|
|number of employees||50|
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is Bybit licensed?
|Company Name||Acquisition license|
|Bybit||British Virgin Islands Financial Services Commission (FSC)|
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about Bybit, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
|Withdrawal information error||You cannot withdraw if the withdrawal destination is incorrect.|
|Under maintenance||Withdrawals may be delayed during system maintenance.|
|Campaign Bonus Withdrawal||Campaign bonuses cannot be withdrawn.|
|Change or reset your account password||There is a 24-hour withdrawal limit.|
|Change user’s mobile phone number||There is a 24-hour withdrawal limit.|
|Removal of Google Authenticator 2FA||There is a 24-hour withdrawal limit.|