Ahtisham Tahir
Member
After 1 week of testing the site with the guys, I will give my observations, which will be useful to those who trade on Bitmex:
Pros
1. Bybit lags much less than other futures platforms, especially when the market swings and pumps. This is natural because of the novelty of the site and the small number of traders, but definitely a plus.
2. Slippage even when trading over 100 bitcoins is ten times less than that of competitors. Orders are constantly filled and the liquidity provider works perfectly.
3. Market orders are triggered immediately, without lags, and at the price at the moment! Very important for big deals.
4. Availability of cross-margin and order depths (transparency of transactions as no other)
5. Instant receipt of funds on deposit and withdrawal 3 times a day
Cons
1. High risks with leverages over 5x, well, it's like all similar exchanges
2. There is no insurance fund, as on Bitmex, or there is, but not public
3. Average commissions and risk limit
Pros
1. Bybit lags much less than other futures platforms, especially when the market swings and pumps. This is natural because of the novelty of the site and the small number of traders, but definitely a plus.
2. Slippage even when trading over 100 bitcoins is ten times less than that of competitors. Orders are constantly filled and the liquidity provider works perfectly.
3. Market orders are triggered immediately, without lags, and at the price at the moment! Very important for big deals.
4. Availability of cross-margin and order depths (transparency of transactions as no other)
5. Instant receipt of funds on deposit and withdrawal 3 times a day
Cons
1. High risks with leverages over 5x, well, it's like all similar exchanges
2. There is no insurance fund, as on Bitmex, or there is, but not public
3. Average commissions and risk limit
