Bybit Clone Script to start a cryptocurrency exchange website like bybit.
A Bybit Clone Script is a cryptocurrency exchange website script having all the trading plugins and default features in bybit exchange platforms.
Sellbitbuy is a pioneer cryptocurrency exchange clone development company. Our certified blockchain developers team is profound in all the trending technologies.
Let’s have a small discussion about an overview of bybit, features, and highlights bybit.
Overview of Bybit
Bybit is a cryptocurrency derivatives trading platform since March 2018. Has offices in Singapore, Hong Kong, and Taiwan.
They have 1,00,000+ active users from all over the world including North America, Europe, Russia, Japan, South Korea, etc.
They focused on individual retail clients to professional derivatives traders.
Source : Crypto Zombie
Features of Bybit Exchange platform
The Perpetual Contracts doesn’t have any expiry date so that the buyer or seller can hold their digital asset as long as they wish.
Auto Margin Replenishment(AMR)
The bybit exchange has Auto Margin Replenishment (AMR) mode which automatically adds the trade margin to the existing one once again open positions to avoid liquidation.
Dual Price mechanism
Dual Price Mechanism is an exciting one to safeguard traders from the Market Manipulation method.
It has a Mark Price and Last Traded Price
Mark Price — >the average market price (Index Price) in the exchange+ a decaying Funding Basis.
Last Traded Price — >the internal price of digital assets on the exchange.
The Funding Rate involves two main parts: Interest Rate and Premium/Discount factors. The trader’s funding is calculated by multiplying the contract value with the funding rate.
Time in force method
Time in force is a special command for the traders to use in specific time trade orders to be executed and for how long.
Highlights in bybit
1. There are three types of orders like Market Orders, Limit Orders, Conditional orders.
This is executed instantly and filled at the best available price from the order book. The traders can use the buy market orders and sell market orders.
In this order, traders can pre-set a price at which they want to fill the order. It contains Buy Limit Orders the user price must be set at a price lower than their last traded price.
This is an advanced order that is completed automatically once specified conditions are met.
2. Bybit games store
Bybit has launched the game “BTC BRAWL” which is a global trading competition where each participant can choose the team and start trade. The initial amount they want to offer a price of 100 BTC for the team.
3.Coin swap facility
The user allows switching from one crypto to another crypto while in trading within a few clicks.
It provides a high-security cold multi-signature wallet that stores digital assets and hot wallets are much easier to use online.
If you are interested in starting a cryptocurrency exchange business like Bybit, reach out to us.
We are the Sellbitbuy team providing the best services to the client globally more than 5+ years ago with fine results.
We build our bybit trading clone through following technology stack
- PHP Crypto Exchange Development
- Mean stack Bitcoin Exchange Development
- ASP.Net Cryptocurrency Trading Development
- Python digital currency Exchange Development
- Java Digital assets Exchange Development
What are the features in our Bybit Clone Script?
- Pre-programmed KYC/AML Verification
- Boosting Trading Methods
- Google Two-factor authentication
- 24 X 7 Instant live chat support
- Additional Security APIs like Liquitidy API, REST API, payment API, Trading Bot API, Price Ticker API, and Market Order API
- Secure admin panel
- Attractive user-panel with furnished features
- Fast trading plugins with fair costs.
- Multi-tokens and multi-cryptocurrency wallets support
- Multi-language supported to cover global traders
- Types of revenue models like affiliate bonus rate, trade commission rates, margin bonus rate, etc.
Disclaimer: We use the word "Bybit" for the reader's understandable purpose only and not doing any disservice activities for them.
Our intention doesn't want to harm any organization or individuals.