Your assets are liquid while they are deposited in the savings account. This helps in building discipline in your investment approach.Ĭ) Crypto Savings – Crypto savings in one of the top ways of making passive income with your crypto assets. Binance also has several unique features such as:Ī) Grid Bot Trading – Grid Bots allow users to automate their trading strategy and make money while they sleep.ī) Auto Invest – Auto Invest is an automated method of investing in crypto tokens. This means that you can withdraw or sell them at any time.ĭ) NFT Marketplace – This allows users to buy and sell NFTs (Non-Fungible Tokens) seamlessly.Ħ. This saves a user from margin fees, interest, and a need to maintain margin at all times.Ĭ) Crypto Savings – This allows users to earn passive income on their crypto assets. Bybit has a few unique features, such as:Ī) Copy Trading – This helps a beginner copy trades of professional traders and make easy money in the crypto market.ī) Leveraged Tokens – Leveraged tokens allow users to leverage a trade without using margin trading features. Binance provides a margin upto 125 times.ĥ. Bybit provides a margin upto 100 times a user’s trading position. However, Binance has a userbase of approx. It offers more than 200 token pairs and has an average 24-hour trading volume of approx. However, Binance’s share in derivatives trading volume is also much more significant. Derivatives trading services are the platform’s USP (Unique Selling Proposition), and thus, it can be seen in the phenomenal trading volume. The average 24-hour trading volume is around $10.5 Billion. Bybit offers derivatives trading on more than 100 token pairs. And has an average 24-hour trading volume of approx. Further, the average 24-hour trading volume is around $400 Million.īinance’s share is much more significant. Bybit offers spot trading features on more than 300 token pairs. No KYC for withdrawals upto ≤20K USDT per day ( Source)ġ. Round 2 – Features and Crypto Tokens Round 2 So, let’s compare features and different tokens offered by these two platforms. Till today, it holds the number 1 position.Ĭonsidering the foundation time and team’s experience in the crypto market, Bybit and Binance are at par. Within a short span, Binance became the world’s number 1 exchange in terms of trading volume and number of users. Its CEO Changpen Zhao is one of the most influential names in the crypto industry. Later the platform expanded its services to Spot trading also.īinance was established in 2017 on Cayman Island. It initially established itself as one of the top derivatives exchanges. Round 1īybit was established in March 2018 in Singapore by Ben Zhou. In Round 1, we will analyze the foundation of these exchanges. Are P2P trading available on Binance and ByBit?.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |