What is Bybit and what does it offer?

Bybit is a cryptocurrency centralized exchange (CEX) that offers a professional platform featuring an ultra-fast matching engine, quality customer service and multilingual community support for crypto traders of all levels.

What does memo mean on Bybit?

Please note that your memo is your Unique ID (UID) on Bybit. When transferring to the Bybit wallet, make sure to fill in your UID as “Tag”. Otherwise, the transfer will not be reflected in your trading account. Please note that your Tag is your UID on Bybit.

What are Bybit's main competitors?

Bybit's main competitors are other crypto derivatives platforms like FTX and Bitmex. No KYC makes registration a breeze, it's very easy to start trading on Bybit. Unlike some other cryptocurrency exchanges Bybit has a mobile app, making it easy to trade when away from the computer.

Is Bybit a legit cryptocurrency exchange?

Bybit is a legitimate cryptocurrency trading exchange based in Singapore, and registered in the British Virgin Islands. They have over 2 million users, and often reach over $10 billion in trade volume in a 24 hour period.