Cryptocurrency Q&A How trusted is Bybit?

How trusted is Bybit?

AltcoinExplorer AltcoinExplorer Wed Mar 19 2025 | 5 answers 1201
I'm considering using Bybit for cryptocurrency trading, but I'm not sure how trustworthy it is. I'd like to know about its reputation, security measures, and if there are any red flags I should be aware of before depositing funds. How trusted is Bybit?

5 answers

charlotte_clark_doctor charlotte_clark_doctor Fri Mar 21 2025
When it comes to daily trading volume, Bybit boasts an impressive $2,227,902,015, showcasing its significant market presence.

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CryptoLordGuard CryptoLordGuard Fri Mar 21 2025
Bybit is a centralized cryptocurrency exchange that has been operational since 2011.

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Daniela Daniela Fri Mar 21 2025
The platform is registered in the British Virgin Islands, which serves as its legal base of operations.

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HanRiverVisionaryWaveWatcher HanRiverVisionaryWaveWatcher Thu Mar 20 2025
Despite its large trading volume, users often have concerns regarding the platform's safety.

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Giuseppe Giuseppe Thu Mar 20 2025
To address these concerns, Bybit has been rated AA for security, with a security score of 88%, indicating a high level of protection for user funds and data.

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