Copy trading Binance is one of the most famous crypto trading sites where thousands of clients from across the globe come to rely on their products. With almost 500 million users, they are currently the largest online marketplace dealing in high-risk assets such as Cryptocurrency, Forex, CFDs, OTC derivatives, Real Estate, Crypto Insurance, Bitcoins, Stable Coins and lots more. Their wide variety of cryptocurrencies allows them to be very diverse when it comes to their offerings. So they obviously specialize in the ones they believe have been a lot successful in the past. But you can find plenty other cryptocurrencies like DeFi, Decentralized finance, NFTs and Games.
bybit
bybit (A fintech platform for global crypto trading) is an international cryptocurrency exchange that allows you to copy the trading strategies of others in a safe, secure and anonymous way. Unlike other platforms, bybit doesn’t have to do anything special to get its users into their accounts. Bybit itself will offer three different account types; Basic, Advanced and Privilege. Each type has unique benefits like more choice in terms of currency pairs and options, but also offers advanced features such as cross-currency swaps and leverage options. Bybit itself works with six exchanges including Binance, Huobi Global, Kraken and OKEx.
Cryptocurrencies
by bit provides access to multiple cryptocurrencies like BTC, ETH, LTC, XRP and stable coins. Traditionally, those four currencies have been used to hedge against market swings. However, since these are no longer the dominant currencies around now and many traders are choosing to hedge their portfolios instead of relying on traditional methods like using USD, JPY, GBPUSD etc., it is important to know how cryptocurrencies work first before deciding which strategy is best. Therefore bybit allows its users to trade the top four currencies of this world without having any knowledge on these four, just trading them on any of the six well known exchange platforms. This may seem strange for people unfamiliar with crypto but it is actually quite simple.
Bybit security measures
A great feature of ByBit is that all trades are secured by escrow and only authorized individuals can make a transaction on behalf of another party. In addition to that, all transactions are made anonymously, meaning that there is no central authority and no way to identify you nor know who you are.
Trading
You can trade Bitcoin, ETC, Litecoin, Ethereum, Tether and Ripple. Of course there could be an exception for certain currency pairings or altcoins like XRP. There are also a few restrictions that apply if you want to trade in specific pairs like ETH, XRP or PIVX tokens. Also, unlike others, there is no margin trading except for FX. While the margin trading option is available you won’t be able to see the final profit until you place the order or send the deposits. ByBit does this behind closed doors without anyone knowing about this! Lastly, byBit is based in New York. Their headquarters are located in Brooklyn in Manhattan. Their support team is located in China with employees based in Vietnam.
ByBit Token Sale
When the BNB token sale ends, 10% of the ETH tokens will be given to contributors who complete the whitelist for the public phase and 20% will go to founders, investors, partners, and other participants of the ecosystem. Anyone who takes part in the whitelist will be eligible to participate in future rounds. When the private round starts, 30% of ETH will be distributed among the participants in accordance with the agreement established during the Whitelist stage. Only 7% of the tokens will stay allocated to creators. At the beginning of the ICO, BNB will be offered for 12 different ICOs (Main Coin, Smart Pool and Community Fund), in equal amounts.
Trading strategies
ByBit exchanges allow you to easily and safely copy the trading strategies of big crypto brokers and traders, anywhere else. ByBit will enable anyone to copy, switch and swap different crypto strategies with each client in the world, in a way that remains completely secure, transparent and confidential.
ByBit Mobile Apps
The ByBit mobile app lets users follow their investment progress, watch videos on their favorite topics, connect with their friends and family, play games and download exclusive content. Users can select the kind of news they’re interested in and start watching relevant videos on their phones and tablets. The blockchain technology is used to securely generate video tags.
Conclusion
There are several copy trading binance sites. One of them is bybit where you can trade in various cryptocurrencies. Bybit is a user-friendly and beneficial trading site.