Is Bybit a Good Crypto Exchange for Beginners?

Trading Conditions for Bybit Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. Bybit offers traders the following conditions.

Investment programs of Bybit

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Bybit offers the following passive income options.

Investment Programs, Available Markets, and Products of the Crypto Exchange

Bybit's trading conditions are not designed for investment programs but only for copy trading programs for derivatives and spots. The exchange policy provides for the expansion of the product line for active trading and investment programs but they are not yet included in its present inventory. To some extent, the division of traders into Makers and Takers can be called investment, stake and earn free crypto tokens on the Bybit Launchpool trading platform.

Maker and Taker is a motivation program for liquidity providers 

The Maker/Taker motivation program assumes that traders are assigned a class depending on the ordering policy. A Taker placing market orders pays a higher commission for each trade. A Maker works with pending orders and its trading commission is lower. 

The Maker's Reduced Commission Reward is a kind of payment for providing liquidity. The pending order remains in the market providing Taker orders, which, on the contrary, absorbs free liquidity. This differentiation encourages traders to make less rapid speculative transactions and invest more for a long time using pending orders.

Advanced AI Tools for Cryptocurrency Trading

Bybit offers several advanced AI-driven tools to help traders navigate the cryptocurrency markets. Their solutions leverage the latest developments in machine learning and natural language processing to provide actionable insights, powerful automated strategies, and round-the-clock market access.

The TradeGPT Master Trader is an AI-powered copy trading tool that allows users to automatically replicate the trades of expert algorithms. Operating 24/7 based on technical indicators, signals, sentiment analysis and quantitative strategies, it achieves an impressive reported 80% win rate. Traders can benefit from these proven AI models without the hassle of technical analysis or constant monitoring.

TradeGPT also acts as an AI assistant, integrating Bybit's exclusive market data to interpret trends, recommend analyses and answer users' investment questions. With over 200,000 traders in its community, it serves as an efficient research companion to help navigate opportunities and risks. The Intelligent News feature further enhances insights by natural language processing of cryptocurrency headlines and discussions to extract the most relevant information.

The Aurora AI Bot analyzes historical market data to backtest and recommend optimal strategies. Users can try out strategy trading simply by selecting an approach and allocating their investment amount. A wide range of options are provided, from high-yield to stable arbitrage styles. Traders gain access to sophisticated strategies without extensive trading experience.

Asset Management Program

Bybit is offering a new way for asset managers and investors to connect on their platform. Through the Asset Management Program, experienced money managers can professionally oversee other people's crypto funds.

On the other side, this provides an option for those who don't have the time or expertise to actively trade themselves. Busy individuals and families may appreciate having Bybit-vetted pros manage their digital assets for them.

So how does it work? Qualified asset managers apply to the program based on their investing track record and risk management skills. Then investors can browse different managers on Bybit and choose to allocate some of their holdings to a manager's portfolio.

The managers have full discretion over trades within the portfolios, aiming to grow the money over time while keeping volatility in check. Naturally, they also get a small fee for successfully doing so.

Of course, there are also advantages for the asset managers. Being in the program allows them access to bigger pools of capital to work with. It also provides tools for showcasing their strategies to attract new investor clients.

Overall the Asset Management Program is a smart solution for pairing those with capital to invest with experienced crypto money movers. Both sides can benefit from the customized management and growth potential it provides.

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Learn More about How to Stake on ByBit

Bybit affiliate program:

• Bybit’s affiliate program comprises a monthly commission from Bybit to each partner up to 30% of the exchange's profit from the referral. After registering as a partner, you will receive a referral link that you can promote on your resources and social networks. You can build a multi-level referral network and receive up to 10% of sub-affiliates’ earnings.