Bybit is an online crypto trading platform for the buying and selling of cryptocurrencies in Egypt. Additionally, the crypto exchange supports both derivatives and spot trading. Currently, the Bybit exchange supports 20 cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Aave, Bitcoin Cash, Cardano’s ADA, Ethereum Classic, Chainlink, EOS, Bitcoin, Filecoin, Litecoin, Polkadot, etc.
Bybit’s Best Features for Egypt Users
Bybit cryptocurrency users in Egypt enjoy the best features that make their experience in the crypto world seamless.
Easy Registration Process
Registering on Bybit is straightforward. At first, you only need a phone number or email address. For security purposes, your email or phone number will be verified, with further instructions communicated via call, email, or text.
USDT Perpetual
Bybit allows trading of crypto/USDT pairs with gearing. Like the inverse perpetual, it has no expiration dates. Traders can use a maximum leverage of 50x.
Futures
Bybit supports future trading. Unlike perpetual products, these have expiration dates. Currently, Bybit offers BTCUSD and ETHUSD pairings with a maximum leverage of 50x.
Credit/Debit Card Purchases
Users can purchase cryptocurrencies using credit or debit cards via the “Buy Crypto” page and deposit the purchased crypto to a specified wallet address.
Privacy and Security
It is very common to see news about crypto exchange hacks. Bybit uses multiple security layers to ensure the privacy and security of traders and investors. Bybit uses 2-factor authentication (2FA). Users must enable 2FA to make withdrawals, reset passwords, change security settings, and for API management verification. Also, users need an email address to log in, withdraw, and reset passwords. Once linked, the email cannot be changed. Moreover, users can enable SMS authentication for login, password resets, and changing security settings.
Payments
Bybit does not support fiat currency directly. Hence, users in Egypt have to fund their accounts with cryptocurrencies. Nonetheless, Bybit offers a fiat gateway that allows you to purchase crypto with fiat currencies such as USD, AUD, JPY, USDT, and more.
Deposit
Bybit does not charge fees for deposits, but you will need to pay the mining fees for the transfer, which some users find to be relatively high.
Customer Service
Bybit offers multiple customer service options. You can begin with the Bybit Help page, which provides answers to frequently asked questions. This page features a useful search bar and an option to submit a ticket if you have a problem that isn’t addressed. Additionally, you can reach Bybit on Twitter and Telegram for assistance.
Final Words
Bybit is a well-known cryptocurrency exchange that is ideal for all crypto users in Egypt. It has noteworthy features that make users’ experience flawless.
Frequently Asked Questions
Is Bybit available in Egypt?
Yes, Bybit is available in Egypt.
Which Countries are not supported by Bybit?
Bybit only works in certain countries. Some of these countries include the United States, Canada, Iran, Russia, Cuba, North Korea, etc.
Which Country owns Bybit?
The exchange, which is headquartered in Dubai, operates under Bybit Fintech Limited. Bybit Fintech Limited is registered in the British Virgin Islands.
Is it Illegal to use a VPN for Bybit?
No, it is not illegal to use a VPN for Bybit.
Does Bybit Need KYC?
Yes, Bybit needs KYC.
Can I Deposit to Bybit without KYC?
No, you cannot deposit on Bybit without KYC
How Long Does Bybit Verification Take?
Bybit verification takes about 15 minutes.
