Bybit is one of the top exchanges in the world. It is an exchange that has users all over the world and is expected to grow in the future. On the other hand, LINE BITMAX is used by many Japanese users as a Japanese virtual currency exchange. Which is better when choosing a virtual currency exchange?
What is Bybit?
Bybit is a cryptocurrency exchange based in Dubai. There are many users and they are distributed all over the world. You can check the company profile etc. in the following article. You can also check the license acquisition status.
What is LINE BITMAX?
LINE BITMAX is a virtual currency exchange provided by LINE, a popular Japanese calling app. It is also linked with LINE Pay, and it is very popular because you can deposit investment funds from LINE Pay without having to pay from your bank account. It is popular because it can be easily traded with a smartphone.
word of mouth and reputation
Bybit’s platform is highly rated. Whether it’s features or speed, it gets pretty high marks. Futures trading is rated for those who are familiar with derivatives and their specifications.
Region, country and distribution of registered users
The distribution below is taken from a site called Traders Union. Traders Union is a website founded in 2010 that introduces reviews and reviews of cryptocurrency and forex sites. Bybit has the most users in Japan. America will be next. Bybit is well known in East Asia and North America, and is used by many users. In addition, there are many users in South America.
Source : TradersUnion
Bybit VS LINE BITMAX
|Company||Bybit Fintech Limited||LINE Xenesis, Ltd.|
|Promotion||Account Open Bonus $5|
Deposit bonus $30,000 USDT
BTC Deposit Bonus $5
Refer a friend campaign 30%
USDC Festival in Spring
|Exchange release campaign|
Let’s get started campaign
|Live Chat Support||〇||×|
|Withdraw Merthod||Crypto||Bank Transfer|
|Deposit Method||Bank Transfer|
|Trade Instruments||Spot, Futures, P2P, NFT||Spot|
Handling virtual currency
Bybit is completely more in terms of the number of virtual currencies handled. In the case of LINE BITMAX, there are only 7 types, so the number is very limited.
Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading. On the other hand, LINE BITMAX is not very attractive because it only doubles.
Bybit is easier to use in terms of trading tools. This is because it supports MT4. MT4 is a popular tool for traders around the world. LINE BITMAX uses original trading tools.
Bybit is clearly better in terms of promotions and bonuses. Bybit also conducts campaigns irregularly, so there are many events throughout the year. There is a LINE BITMAX campaign, but the acquisition conditions are strict and the amount you receive is small, so I do not recommend it at all.
Bybit is clearly cheaper for both taker and maker fees. Japanese virtual currency exchanges will have slightly higher fees.
In principle, LINE BITMAX only allows physical transactions, but Bybit recently started handling NFTs, so there is a wide variety of stocks.
Recommended by Bybit
If you want to take full advantage of promotions and bonuses, Bybit is definitely recommended. You can open a Bybit account from the following article. Please refer to the instructions on how to open an account.