Cryptocurrency has been considered one of the most convenient, reliable and secure methods of online payments for several years. The well-known international bookmaker 1xBet accepts Bitcoin as an option for replenishing a gaming account and withdrawing winnings.
More and more players are using 1xbet bitcoin due to the fact that Russia has tightened the rules for transferring money to offshore bookmakers. Since the beginning of 2021, it has been impossible to carry out transactions with foreign bookmakers through QIWI, YooMoney (formerly Yandex.Money). Russian banks are also ordered not to process payments intended for gaming in foreign bookmakers. This is how the state seeks to protect the legal domestic market for bookmaker services.
In a situation where it is impossible to use popular electronic wallets and bank cards, digital currency becomes an acceptable option for mutual settlements. Every user can create a cryptocurrency wallet. In the interface of the “Payments” section of 1xBet there is a link leading to the service for creating such personal volleys.
Detailed review of the Bybit exchange
ByBit is a promising cryptocurrency exchange established in March 2018 in the British Virgin Islands, with an office in Singapore. Despite its young age, it successfully competes with exchanges like BitMEX. Its founders included specialists who previously worked at BAT and Morgan Stanley, and its CEO is Ben Zhou. The platform interface operates in 7 languages, including Russian.
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Description of the ByBit platform
In a short time, the ByBit exchange has become one of the main players in the cryptocurrency derivatives industry: at the end of 2021, the exchange is one of the five leaders that allow futures trading. You can trade Bitcoin, Ethereum, EOS and XRP. Fiat currency trading is not available on ByBit.
Traders are attracted by the platform's speed and ease of use. ByBit claims to be able to process 100,000 transactions per second. The advantage of the exchange is that you will not lose money when trading when the platform is congested or when the price of the coin is very volatile. The exchange does not have its own wallet; users add existing Bitcoin or Ethereum wallets. Our rating of cryptocurrency wallets
The platform allows for margin trading, with some cryptocurrencies allowing 100x leverage. By using leverage, you can make big profits with a relatively small deposit, but if you lose, you will lose your money much faster. This feature is intended for more experienced players and is strongly not recommended for those new to trading.
Benefits of ByBit:
- You can fund your Bitcoin or Ethereum account using a credit or debit card. There is no need to buy cryptocurrency from third-party exchanges or exchanges and transfer to the exchange, as is the case with BitMEX.
- Low commissions. ByBit offers some of the most competitive commissions for margin transactions.
- There are no KYC verification requirements. The platform does not verify its users.
- Supports multiple currencies. With ByBit you have the ability to deposit, withdraw and open positions in BTC, ETH, EOS, XRP and USDT.
- Intuitive, powerful and well designed trading interface. ByBit has stable, reliable and well-designed functionality that is very easy to navigate.
- Safety. The exchange has not recorded violations, violations or leaks of user information in its history.
- Customer support 24/7. Support is available in many languages and is offered via chat and email, among others.
- ByBit has a demo version - Testnet.
Registration on ByBit
Creating an account on the ByBit exchange is very simple, mainly because ByBit does not require you to provide a lot of personal data.
ByBit Page
All you need is an email address or phone number.
ByBit registration page
Referral code
Referral code for registering on ByBit. Below is the code for ByBit which makes it possible to receive a $10 bonus when depositing from 0.02 BTC
- BmXvN
By clicking on the orange button you go to the next menu.
You can register on ByBit using either your mobile number or your email.
After activating your account via email or SMS, you can start trading immediately.
When registering a Demo account, you go through all the same steps, the only thing is that you are awarded trial coins to practice your trading skills.
MTS shares are good dividend securities; they are worth buying and keeping in your portfolio. However, they are currently trading at the level they were nine years ago. Experts spoke about this during an online conference on Finam.ru “The Russian market is a historical high and dividend paradise.”
Vasily Koposov, head of the financial market analysis department at KIT Finance Broker: “In accordance with the new dividend policy, the dividend in the next approximately 14 months will be a total of 48 rubles. (20 rubles in July + interim dividend in autumn + final dividend next July). This is almost 20% of the cost of paper. So MTS is worth buying and holding for dividends. It is likely that at some stage the market will revalue the security to around 300 rubles, which will allow an amount comparable to the dividend to be collected due to the price increase. Corrections in MTS shares are worth buying out.”
Vitaly Manzhos, senior risk manager at Algo Capital: “MTS shares are good dividend securities. However, they are currently trading at the level they were nine years ago. There are no significant factors for their strong deviation from the current level by the end of 2019. Most likely, they will continue to move within the medium-term range of 250-270 rubles. The medium-term risk factor for MTS shares is the consequences of the settlement of the so-called “Uzbek case” with regulatory authorities in the United States. There have been reports in the media that after the company officially admitted past violations, US investors began filing so-called class lawsuits against the company, which may be joined by other American shareholders.”
Mikhail Poddubsky, chief analyst at Promsvyazbank: “We find MTS shares quite interesting at current levels. Dividend yield is high, cash flows are stable, the majority shareholder is interested in maintaining the dividend flow. In terms of profitability and cash flow to revenue ratio, the company is the sector leader. We consider the base scenario for the company’s shares to grow to around 300 rubles per share.”
Anastasia Sosnova, analyst at Freedom Finance Investment Company: “MTS is a good security within the framework of the dividend strategy. The company pays high dividends amid the majority shareholder's need for cash to reduce its debt burden. The dividend yield at the end of 2018 was 8.5%. In this case, dividends are paid regardless of the financial results of the year. Thus, it was decided to allocate 39.9 billion rubles for dividends based on the results of 2021, despite the fact that due to the “Uzbek case” the net profit amounted to 7.8 billion rubles. Dividends are paid from undistributed net profit, which at the end of 2021 amounted to 110.5 billion rubles. Over the next three years, MTS plans to pay at least 28 rubles per share annually in two installments, which is 1.4 times higher than the established minimum level of previous years. Thus, the annual dividend yield can be up to 10%.”
ByBit Wallet
The platform does not offer its own token and wallet to users, however, in ByBit’s “Personal Account” you can add the details of your BTS or Ethereum wallet.
Adding a wallet
All assets are located in offline wallets, software protection tools are based on a hierarchically deterministic data processing structure.
Deposit and withdrawal of funds
If you already have one of the supported coins (BTC, ETH, XRP, EOS, USDT), you can easily send it to your unique wallet address on ByBit. If you don't already have cryptocurrencies that would allow you to fund your account, you can buy them directly on the platform using a credit or debit card. You can also buy them on any other exchange and then transfer them to ByBit.
How to deposit money to ByBit:
Log in to ByBit, go to the “Assets” tab and click “Deposit” for the cryptocurrency you are interested in.
After clicking on the “Assets” button, the trader is taken to the next menu.
Balance on ByBit
After clicking on “Deposit”, a pop-up window will open with your unique wallet address. Transfer funds to it from your wallet or from another exchange. If you don't already have cryptocurrencies, you can purchase them directly using a credit or debit card by clicking the "Buy Cryptocurrency" button on Assets.
Test coins are located in the “Assets” section, where you need to click on “Deposit” opposite the BTS, and get “Test coins1”, “Test coins3”, “Test coins3”.
Bybit does not accept deposits in fiat currency. To buy your first cryptocurrency, you will need a so-called input exchange, that is, exchanging payments in fiat currency at an exchanger or other crypto exchange.
How to withdraw money from the platform
Withdrawals work in a similar way, but instead of clicking the Deposit button, use the Withdraw button and then enter your cryptocurrency wallet or exchange address. That's all. However, it is worth considering that only those users who have passed two-factor authentication can withdraw funds.
Authentication on ByBit
How to top up 1xBet with bitcoins
To top up your bitcoin 1xbet wallet, log in to the website or app and click on the green “Top up” button. Select the bitcoin banner from the list of options and follow these step-by-step instructions:
- First, a window will appear warning that payments are made in mBT units (click the confirmation button);
- copy the 1xBet Bitcoin wallet number that appears (this can be done by scanning the QR code);
- transfer the desired amount to the specified number.
The minimum allowable deposit replenishment is 0.03 mBT. The amount in the account currency will be credited to your bookmaker account. The exchange is made automatically and the bookmaker warns that the amount of the deposit may differ from the amount indicated in the form. This is due to the fact that the Bitcoin exchange rate changes frequently.
ByBit Affiliate Program
To encourage new users to register and actively trade, ByBit offers several types of bonuses and coupons available after registering through a referral link. The list of bonuses is available at this link . ByBit bonuses include:
Bonuses for referrals
- $10 bonus on first deposit;
- $50 bonus when the total deposit amount reaches ≥0.05 BTC;
- $100 bonus for ≥ 0.1 BTC deposit;
- $300 bonus for ≥ 0.5 BTC deposit;
- $500 bonus for ≥ 1.5 BTC deposit;
- free coupon +$110 in rewards department;
- $5 bonus for liking the exchange’s profile on Twitter and other social networks;
- and other periodically held promotions for different dates and events.
Bonuses can only be used for trading, after liking on Twitter you must fill out the following form
ByBit bonus form
Trading with leverage in ByBit
The platform uses data from Tradingview in real time, delays can be a fraction of a second. All operations can be performed either with leverage or traded only with your own money.
Data from Tradingview
Let's say you have $10,000 in your trading account and you bet $100 on BTC when you trade long (i.e. increasing in value).
Leverage ByBit
You do this with 100x leverage. If BTC then rises by 10% in value and you only bet $100, you could earn $10. By betting $100 with 100x leverage, you will earn an additional $1,000 ($990 more than if you played without leverage). On the other hand, if BTC drops 10%, you will lose $1,000 ($990 more than if you had not used leverage in your trading).
If a trader prefers to trade perpetual contracts, the exchange offers a detailed guide
American stock exchange trading hours
Trading on the stock exchange takes place only on weekdays - from Monday to Friday. Trading is not possible on weekends and holidays.
NYSE New York Stock Exchange. Opening hours from 9:30 to 16:00 NASDAQ Electronic system for trading securities. Opening hours from 9:30 to 16:00
The American market is not only open from 9:30 to 16:00. You can trade and track the dynamics of instruments during pre-market and post-market hours.
What is premarket
Premarket is a period of trading activity before the opening of the market session. The opening hours of the pre-market in the American market are from 8:00 until opening. Many investors and traders monitor pre-market trading activity to gauge market strength and direction ahead of the next trading session.
What is postmarket
Post-market trading begins at 16:00 NY time after the close of the major US stock exchanges. After-hours trading can continue until 8:00 pm, although volume tends to decrease during this period. After-hours trading is conducted via Electronic Communications Networks (ECN).
ByBit commissions
Trading commissions
Each transaction occurs between two parties: the user whose limit order exists in the order book, and the client who places a market order corresponding to that limit. ByBit calls traders who place limit orders "makers" because their orders provide liquidity to the market. Takers are recipients who “take away” this liquidity with market orders.
At Bybit, the taker fee is 0.075% . When compared to the global average fees charged by typical centralized exchanges, 0.075% is a fairly low fee.
The maker's commission is 0.025%. Let's say you place orders and buy cryptocurrency for $1,000. This means that instead of paying $1,000, you only have to pay $997.50. This is a very competitive feature of the ByBit exchange.
Commissions for withdrawal of funds
When withdrawing BTC from the Bybit trading platform, you will have to pay 0.0005 BTC. This is 40% lower than the global average BTC withdrawal fee (0.0008 BTC). Moreover, the platform itself does not take money for itself, this is a payment for the blockchain.
Forex market opening hours
The table below shows the schedule of Forex trading sessions - Forex operating hours. Time zone UTC+2 (Eastern European Time, EET):
Region | City | Opening | Closing |
ASIAN (Asia) | Tokyo | 2:00 | 10:00 |
Hong Kong | 3:00 | 11:00 | |
Singapore | 2:00 | 10:00 | |
EUROPEAN (Europe) | Frankfurt | 8:00 | 16:00 |
London | 9:00 | 17:00 | |
AMERICAN (America) | NY | 15:00 | 23:00 |
Chicago | 16:00 | 24:00 | |
PACIFIC | Wellington | 22:00 | 6:00 |
Sydney | 22:00 | 6:00 |
Asian market
During this trading session, the most active transactions are in the exchange market of the American dollar against the yen (USDJPY), euro against the yen (EURJPY), euro against the dollar (EURUSD) and Australian dollar against the American dollar (AUDUSD).
European market
The trading schedule in Europe is much different from that in Asia due to the difference in time zones. Frankfurt opens at 8:00 CET, London at 9:00. At this time, trading is held in European financial centers. The volatility of the most popular currency pairs increases significantly after the start of the Forex trading session on the London market. Trading activity decreases somewhat towards lunch, but in the evening players are again actively making transactions. Changes in rates during the European trading session can be significant, since the bulk of funds are concentrated in Europe.
American market
The busiest Forex transactions begin with the opening of the New York session. During this Forex trading period, US banks begin their trading activities, and European dealers also return after their lunch break. The influence of European and American banks is approximately the same, so there are no significant changes compared to the European trading session on Forex. However, after the European market shuts down, volatility may increase. This is often observed on Friday evenings, before the weekend. The American session is more aggressive in trading than others.
ByBit Security
In its short career, Bybit has already established itself as a secure trading platform. Bybit maintains an insurance fund that allows the use of options strategies, which is not inherent in other cryptocurrency exchanges.
Is ByBit safe?
When it comes to personal account security, Bybit offers two-factor authentication using the Google Authenticator app, and Bybit does not require KYC verification.
Ways to protect your account
Comparison with other exchanges
Binance | Bittrex | Bitfinex | Bitmex | ByBit | |
Number of trading pairs | more than 250 | more than 1000 | 92 | 7 | 4 |
date of creation | 2017 | 2015 | 2012 | 2014 | 2018 |
Own cryptocurrency | Binance Coin (BNB) | No | Tether | No | No |
Possibility of margin trading | There is | No | There is | There is | There is |
Trading commission | yes, size depending on trader status | yes, size depending on trader status | yes, size depending on trader status | yes, size depending on trader status | yes, size depending on trader status |
Deposit/withdrawal fee | No | No | No | No | No |
Multilingual (Russian) | There is | No | There is | There is | Eat |
Number of incidents from creation to 2021 (hacking, blocking) | 1 | 1 | 2 | did not have | did not have |
American stock market hours
Trading sessions and schedule of the American stock market. All stock exchanges operate from Monday to Friday, but there are public holidays that may affect the stock market's working hours. The table below shows holidays on American stock markets in 2020.
Year 2021 | Holiday | Exchange status |
January 1, 2021 | New Year's Day (Observed) | Closed |
January 18, 2021 | Martin Luther King, Jr. Day | Closed |
February 15, 2021 | President's Day - US | Closed |
April 2, 2021 | Good Friday | Closed |
May 31, 2021 | Memorial Day - US | Closed |
July 5, 2021 | Independence Day - US | Closed |
September 6, 2021 | Labor Day - US | Closed |
November 25, 2021 | Thanksgiving Day - US | Closed |
November 26, 2021 | Early Close - US | until 1:00 pm |
December 23, 2021 | Christmas Eve Early Close - US | until 1:00 pm |
December 24, 2021 | Christmas Day | Closed |