Last Updated: January 6, 2025
Bybit is a Singapore-based global cryptocurrency exchange serving millions of users worldwide. It offers spot trading, derivatives, staking, NFTs, and ranks among the top platforms for derivatives trading volume.
With cold wallet storage and identity verification via Sumsub, Bybit prioritizes security and compliance. New users can claim registration bonuses, making it an ideal choice for beginners exploring futures trading.
Bybit is an international cryptocurrency exchange providing innovative spot and derivatives trading, mining/staking products, and an NFT marketplace. Founded in March 2018 by Ben Zhou and headquartered in Singapore, Bybit has over 10 million users and consistently ranks in CoinMarketCap’s top 10 for derivatives trading volume.
Is Bybit Exchange Safe?
For blockchain beginners, avoiding risky platforms is crucial. Here’s how to verify Bybit’s reliability:
- Google Search: Reputable platforms have extensive online footprints.
- Third-Party Data: Check rankings on CoinGecko or CoinMarketCap.
- Community Feedback: Consult trusted crypto communities (e.g., Discord, Line).
Bybit’s top-tier derivatives volume and partnership with Sumsub for KYC/AML compliance reinforce its credibility. It employs cold wallet storage with offline signatures for withdrawals, minimizing hacking risks.
How to Register and Fund Your Bybit Account
Step 1: Sign Up for Bybit
- Download the Bybit App (iOS/Android).
- Tap the profile icon > "Register" > Enter email/phone, password, and invitation code 30733.
Step 2: Deposit Funds
- Navigate to "Assets" > "Deposit".
- Select your cryptocurrency and network (e.g., ERC20).
Critical Checks:
✅ Verify wallet addresses (match first/last 3 characters).
✅ Ensure consistent network selection (e.g., ERC20 to ERC20).
👉 Bybit’s latest deposit bonuses
Step 3: Claim Rewards (Expired)
- Go to "Profile" > "Rewards Hub".
- Select "My Rewards" to access 30 USDT trial funds for futures trading (non-withdrawable).
Bybit Promotions (2025)
- New Users: Deposit ≥$100 in crypto to earn 30 USDT.
- Trading Bonuses: Complete volume targets for extra USDT.
Terms: Rewards distribute within 15 days after monthly settlement.
FAQs
1. Is Bybit regulated?
Bybit adheres to global compliance standards, using Sumsub for identity verification.
2. What’s the minimum deposit?
No minimum, but promotions may require $100+ equivalents.
3. Are trial funds withdrawable?
No, they’re for futures trading practice only.
4. How secure are cold wallets?
Offline storage ensures assets are inaccessible to hackers.
Key Takeaways
- Bybit combines high liquidity, robust security, and beginner-friendly incentives.
- Always double-check deposit details to avoid errors.
Ready to dive deeper? Join our crypto masterclass or connect with experts in our community!
### Notes: