ByBit Reviews: SCAM or Legit?

What is ByBit?

ByBit is both Bitcoin Ethereum Futures Trading and a Cryptocurrency Exchange Platform which offers state-of-the-art Matching engine with capabilities of 100,000 TPS (Transaction Processing System) per contract, technical expertise which yield no server down times, no server restart since it houses hot patches releases on the go, assets security which has built-in Hierarchical Deterministic Cold Wallet System (HDCWS) that is carefully storing all assets.

Company Behind
This crypto exchange platform is run by the company with the same name and is a registered entity in the BVI (British Virgin Islands) which has a headquarter in Singapore and has offices as branches in Hong kong and Taiwan. They boast of users in the following location namely: North America, Europe, Russia, Japan, South Korea and Southeast Asia . It is committed to service anyone from individual retail clients to professional derivative traders. The founding team composes of Forex industry professionals, investment bankers and early blockchain adopters while the core team or the technology development team as they call it is composed of Morgan Stanley, Tencent, Ping’an Bank and Nuoya Fortune expert individuals.

Technical Specifications
They got their domain name registered on year 1999 from GoDaddy, LLC., using domain whois anonymity services from Domains By Proxy, LLC, and hosted at Amazon. Their platform focuses on pairs of BTC/USD and ETH/USD. They boast of trading on their platforms in as high as 100x leverage on these crypto assets, yet to see them.

Making Money
You own these crypto-currencies right now or are now holding to it, the way to make money is by trading simply buying small and selling high or exchange your crypto assets into another crypto-currencies with promising high rates of exchange. They also have an affiliate system that allows you to earn 30% trader commission share, meaning you have to trade first to grant this high commission and 10% share from those traders that you can bring along. It was also mentioned that if you are accepted as an affiliate partner you will get a welcome bonus of U.S.$60.00 welcome bonus, quite very small indeed compared to other trading platform that offers U.S.$1000 as welcome bonus.