Is Bybit a good crypto exchange in the Philippines?
Are you considering Bybit as a potential cryptocurrency exchange to use in the Philippines? It's important to do your research before choosing a platform to ensure that it aligns with your needs and meets industry standards. In terms of Bybit, it's a popular exchange that offers a range of features, including margin trading, derivatives, and spot trading. However, it's important to consider factors such as security, fees, and the availability of local payment methods when evaluating whether Bybit is a good fit for you. Do you have any specific concerns or questions about Bybit that you'd like to discuss?
Is Bybit a custodial wallet?
Excuse me, could you please clarify if Bybit is a custodial wallet? I've been doing some research on cryptocurrency wallets and I'm a bit confused about the difference between custodial and non-custodial wallets. I understand that custodial wallets hold private keys on behalf of their users, whereas non-custodial wallets allow users to keep their own private keys. So, based on that, does Bybit act as a custodial wallet where they manage users' private keys, or do they offer a non-custodial solution where users retain control of their private keys? Thank you in advance for your clarification.
How much are Bybit fees?
Can you provide me with a detailed breakdown of the fees associated with trading on Bybit? I'm particularly interested in knowing about the Maker and taker fees, as well as any other fees that may be charged, such as deposit and withdrawal fees. Additionally, I would like to know if there are any discounts or promotions available for high-volume traders. It would be great if you could also mention any potential hidden fees that I should be aware of.
What is the difference between Bybit and Binance futures fee?
Can you please elaborate on the distinction between the futures fee structure offered by Bybit and that of Binance? As an investor navigating the cryptocurrency market, it's crucial to understand the costs associated with trading futures contracts, especially when considering platforms like these two. How do they differ in terms of Maker and taker fees, settlement fees, funding rates, or any other applicable charges that could impact my trading strategy and profitability?
How can I invest in Bitcoin with Bybit?
Could you please explain the process of investing in Bitcoin through Bybit in a step-by-step manner? I'm new to cryptocurrency and would appreciate some clarity on how to get started. What are the initial requirements, like setting up an account and verifying my identity? Are there any specific fees or commissions involved? Also, how secure is Bybit as a platform for making Bitcoin investments? Thank you for your assistance.