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I was advised here on one very good at first glance trading platform, has anyone tried to trade on it and what do you say about it?

I haven't tried it but I still wouldn't recommend it. It's not listed on CMC and its also nowhere to find when you google it. Any reason why you're not going with a more reputable exchange?

The platform is about 2 months old. Hard to find any review about their service. I visited the website and most of the pages are not working (either with "internal server error 500" or a blank page). Even the login and sign-up page, just the homepage is alive.
Doesn't look promising to me.


Surely because a user advised him  (https://bitcointalk.org/index.php?topic=5381357.msg58985892#msg58985892)to try this platform when he asked for a place with ALCM function?

I have contacted their support team, they will have a mobile version available soon and the languages will be open. If you add a language not English but any other in the address bar, then you will have an error. That's what the support told me. It is very similar to Bitseven, which I traded for about a year. If they are, then they can be trusted no less than any major platform, despite the fact that it is not on the CMC list. I will try to trade on it. After talking with the support service, she inspires confidence in me.

It doesn't matter to me whether the platform is in the CMC list, because this site belongs to Binance, and he decides who to put there. I think how much money will be paid to Binance will appear in the list. Therefore, this is not an indicator.

Do you think their “support” would talk ill about their platform?

Looks like you have already made up your mind, despite credible advice from the members

It's missing on Coingecko too. Does coingecko belong to Binance too?

Are you trying to get answers from the community or do you want to defend them? There is a lot of smoke and suspicious things about it so it is best to avoid it, you do not have to use it.
There are two important things of any exhange: liquidity and security. There cannot be enough liquidity in a platform that was created two months ago, at least they did not have enough money for a good promotional campaign.

As for security, finding an apparent bug is evidence of weakness or lack of updating from the team, so it is better to avoid them.

I don’t know who owns Coingecko, but the meaning is the same, whoever pays the owner money, they will put it on the list. Bitseven was never on these lists, but according to reviews on the network, people trusted them, moreover, when they closed, they gave money to everyone who had any amount on their balance for half a year, and this says a lot, it’s unlikely that Binance would do as. I am currently trading with them and they have very poor support. Moreover, they charged me more for the withdrawal than what is written on the site, the support service did not help me and the funds have not yet been returned. Therefore, you do not choose the platform according to those parameters.

Yes, I have made a decision and have been trading on FYBIT for several days now. Now I am sure that this is Bitseven under a different brand, and I trust them more than the same Binance after they just stole funds from me.

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I tried trading on Fybit and realized that it was a Bitseven under a different brand. If this is the case, then I would rather trade with them than on a binance that steals funds. I trusted Bitseven, and I am sure that my funds and my information are safe here.

Not true, listing on CMC is completely free, for both coins&tokens and exchanges. Now why this FYBIT is not listed either there or on Coingecko is another story. Most likely they are not meeting minimum requirements. Not that being on CMC/Coingecko makes you legit, but still, if you are not even listed there says something about the exchange.



Maybe I am just too paranoid, but it looks to me that real intention behind this thread is to promote this dodgy exchange and not asking about opinion, considering how defensive OP is about some exchanges that he (allegedly) found out couple of days ago.

I have been trading on the platform for a few weeks now, my impressions are very positive, apart from the fact that they do not yet have a mobile version available. I am a professional trader and have traded on almost all major cryptocurrency exchanges, so I can say this: 100% safe exchanges do not exist, a recent example from Crypto.com confirms my words. Safe only on a cold wallet, personally your wallet. If you keep your money on the exchange, then they are not yours until you withdraw them from there. A list, like CMC and others like it, is a purely corrupt marketing ploy, whoever pays the money will be on these lists. Therefore, I would not advise a trader to pay attention to security (almost everyone has the same protection, even the largest exchanges are hacked), and to the list of ratings. I have been testing cryptocurrency exchanges since 2017 and have seen many different projects. As you wrote in one of the messages above, what bitseven did when, for half a year, they were open for the withdrawal of all funds. Moreover, they themselves did a mailing to everyone, asking them to withdraw money. I have not seen this anywhere, and I agree that neither binance, bybit, nor any other platform will do such things, since I tested, including the support service of each platform. I talked with one well-known blogger who traded on bitseven, and has been trading on fybit since the first days, and is even actively involved in their affiliate program, he told me that this is a bitseven under a different brand, so if you tried bitseven and trusted them, then you can certainly trust fybit. And binance was once a new project, look at them now. The same thing in a year, fybit will no longer be a new project and they will have their own army of users.
They have a beautiful interface, fast deposits, and withdrawals, all the features you need for trading, the best support I have ever seen. This is what I can personally say about them after a few weeks of working with them.

When I created this question, I did not try to trade there yet. After that I signed up and I liked everything. I didn't hear anything about him until someone wrote to me about him here on the forum. Now this section does not make sense, I liked trading there.

Looking at @maks-ivanov89 praise at Fybit, and you being so defensive about the exchange that you started using couple of days ago, makes me believe that the real purpose of this thread is promotion, and not genuine enquiry about Fybit.

So, this is how I think it went:
1. First, you created the thread asking "Who knows a platform with ALCM function?"
2. @maks-ivanov8 (this name kinda reminds me of yours) wakes up after 6 months break, just to recommend you completely unknown exchange that no one here ever heard of.
3. Several days later, you come asking opinions about Fybit and when some members raised valid concerns about it, you went into defense mode, which I think is very strange since you just started using exchange couple of days ago.

Why do you think they are bitseven under a different brand? similar interface? cause that's a pretty weak basis. Lots of scam websites copied cex.io and binance and there was no stopping them from it. If bitseven really had a good reputation, it doesn't make sense to go under a different name (hiding that they are bitseven) and start building reputation from zero all over again...

I agree with the members above, the way OP struggles to take in red flags and just continue to shower compliments, definitely makes this look like another attempt to subtly shill...

I can’t say for sure that this is Bitseven, but so far I have been trading with them and everything is very similar. I may be wrong, time will tell. As long as I like everything, there are no problems.

As I said before, that's a weak reasoning. Take a look at kucoin and binance for example. Although they are very similar, they are not the same company/exchange.

But I do I agree that there are/there won't be any problems for you because you are affiliated with the website which explains your unconditional love for it.

This thread lost credibility as soon as OP (Maxxx07) started defending a platform he initially "had no idea about”

Funny enough, another alt account @maks-ivanov89 just woke up and just jumped in the defending Fybit  ;D ;D ;D

Max, please, we are not fools here.

Go shill your shit exchange somewhere else.

I will just leave this here for future reference:

It's actually other way around: @maks-ivanov89 recommended Fybit to Maxxx07  in another thread, and then he came here asking about that completely unknown exchange.


Hah yeah, he think that he is so subte in his shilling while everything is pretty obvious.


Another coincidence.  :D

If Bitseven has been good for so many years, why did you move elsewhere (funny enough it's a new exchange)? And why is the site inaccessible now?

When an exchange reaches a certain daily trading volume, CMC will voluntarily list it because it will affect their trading statistics. Imo, Fybit in plain view does not reflect the exchange that meets the standards listed on the CMC although you will pay a lot of money. A quick look at the telegram channel, there isn't any update that proves there's no development or activity going on in it.

The first withdrawal of 1.04215498 BTC was successful and took only 7 minutes. Your reasoning is certainly impressive, but I have nothing to do with fybit, since I have been trading since 2014 and live on trading. If they also deceive me and steal my money, as binance did, then I will find a new platform again.

Let's say I believe you.

For such a huge amount of money, it's weird that you went full speed ahead despite the red flags mentioned. Normally, people wouldn't be so laid back with such amounts e.g. "I may be wrong, time will tell", "If they also deceive me and steal my money, as binance did, then I will find a new platform again."

The more I hear, the more I become convinced...

If you are “satisfied” with the platform, then use it silently. Don't come here pretending not to know about it, then shilling it eventually. We see this kind of things every day and those actions make the platform you are trying to shill, look shady.

for me, this is not a lot of money, as you put it, I usually deposit 1 BTC for testing the platform. It's not the first year I've been making money on trading. Also, you should understand such a moment that any platform, if it were a scam, would make all sorts of obstacles to the withdrawal of such amounts. It is testing large amounts that allow you to evaluate a particular project.

Well, actually I don't plan on using your exchange as well as you present your "reviews" with.
Any account txid and screenshots that prove this withdrawal transaction?

Let's say I want to ask for proof that this exchange is legal or not, but what I want most is proof that you are not boasting that 1 btc is a small amount. That's if you don't mind.

Do you want to look into my wallets? =)
I am not going to prove to anyone that I am a professional trader and make good money on it. At the end of september, I registered for tradingview, but I appeared there for 2 months, as there was no time. You can check out my market data analytics style if you'd like. If you are a trader, then you will understand that I am not new to this.

https://www.tradingview.com/u/Maxones/

I won't tell you anything about fybit as I don't have much experience with it. Time will tell how reliable the platform is.

Test deposit means you're perfectly fine losing the said amount in case things goes south. I understand that "small" and "huge" can be subjective in some cases but 1BTC is still not an amount that ppl can throw away like candies especially if they worked hard for it and were presented with valid red flags.

If you test the platform with an amount of 0.001 BTC, then even scammers will give you such an amount and even more without any problems, so I see no reason to drag out the time.

Not really, because scammers will not try to steal small money ;D

If the bitcoin price is at $300, that will not be a problem for those who have many bitcoins. But we talk about bitcoin price in $37k, which will hurt us if they scam us, no matter how many bitcoins you have.

If that exchange does not have a reputation or is still a new exchange, then I will not recommend trying, even with small money because that is not worth losing any money. We have Binance as a reputable exchange, so we do not have to try with the other. Let's say you do not want to use Binance. We still have KuCoin, HotBit, Gate.io, Bittrex, Poloniex, Crypto.com, and else. But that will be up to you because we can only suggest. But be careful to decide.

I have accounts on Poloniex and Huobi, I trade there too, although lately I have stopped liking Poloniex. Binance was my favorite until he stole the money. But a year ago, I liked Bitseven. Perhaps, deep down, I hope that Fybit is Bitseven. I can’t be sure yet, but I trade there, I test it, there is no difference in the trading sense, I’ll see what happens next.

For me, bitcoin is numbers, I do not convert it into dollars. Only when I transfer to fiat money. For me, bitcoin is a tool for trading, so 1, 5 or 10 BTC are just numbers for me until I convert them into dollars. When I manage someone's trading account, I cannot convert that account into dollars, only the numbers on the screen, until the fiat funds are received.

I never heard of Bitseven or Fybit, even in a year ago. I used Huobi for some time and I like the site but that is not my fav. How about Bittrex and KuCoin? I think those two sites are also good to trade. How come Binance stole your money? How about FTX? This exchange is a newcomer in the crypto exchanges but it steals attention from people and has become number 3 now. You can check on https://coinmarketcap.com/rankings/exchanges/

Yes, it is just a number. But if you are in an unknown exchange that you do not know about the reputations and somehow steal your money, that will make you disappointed since that is big money if you convert it into dollars. So you manage someone's trading account and not your own account?

FTX is also a new exchange, I have not tried to trade on it, but it is very similar to most, I see no reason to change it to Huobi. Yes, I only manage someone else's account on Huobi. I have my own accounts on Binance and Poloniex. Also, now there is a small account on Fybit. When withdrawing funds from Binance, they charged 2 times the withdrawal fee. I tried to figure it out through the support service, but they have a bad one, they did not help. I left an investment account with them, but the sediment remained, even if it was a small amount, but it was still stolen.

Yes, it is similar, especially if you try their mobile apps trading. I do not know if Binance charged 2 times the withdrawal fee because I did not check it. After all, when I want to withdraw, the funds will be bigger than the fee, so I think that will not be a problem.

You can leave your investment account there while searching for the other exchanges. I have already suggested it to you, and I hope you can get what suits you. Oh, how about Bittrex? Do you try it?

One trader I know tried to trade on Bittrex, but as I understand it, he mainly uses Binance, like most of my friends traders. Everyone who has large accounts uses Binance, but for active trading, including scalping, many are looking for a platform without KYC. Now there are not many such platforms, by the way, this is one of the reasons why I opened an account on Fybit.

I am here very rarely, and I am related to many cryptocurrency platforms and exchanges. I work as a trader and part-time analyst of cryptocurrency platforms. I research and report on various exchanges for research and data analysis. So you can build your theories here, but I actually have a relationship not only with Fybit, but also with many other platforms. That is why I can tell you for sure that Fybit, along with Bitmex, Bitstamp and several other large platforms, has a very high-reliability status.

No, I just want to see you transact 1btc and it's actually easy, you can create a new temporary address to do it, no need to reveal your main address.

2017 to 2022 is 5 years and this exchange still has no signs of life. After all why are you so eager to say?


But it is different with scammers who boast that 1btc is a small amount, usually they don't have even 1 sat. I think those who have more than 5 btc will not ask people with only 1-10 mbtc for advice which exchange is worth.

It looks ridiculous from the outside when you try to see the balance of someone else's wallet. You do understand that even if I send you the wallet address, it will mean absolutely nothing since it's just a wallet, and it can be anyone's?  Or do you want to see a non-anonymous bitcoin wallet, also with my signature? ;D ;D ;D

It looks also ridiculous from inside how you hide an address which is already public in the blockchain. The only way to prove ownership of an address is to make a transaction using it as the sender or sign an encrypted message from it (I guess you know how).
I can't understand also why you are so trigger about the platform. You seems to be the only one here who knows about it .

I don't think so, I can ask you to send from your "fybit" account (of course this will be more difficult to detect) to a blank address that you have generated yourself  (which you must state the address before it is funded) with a unique transaction amount. Suppose if I ask for your proof to send 1.0 BTC with decimal tail based on the current date+my post number in this thread, then that means 1.00135BTC (1.0 + 01 is the current date + #35 (https://bitcointalk.org/index.php?topic=5381777.msg59123188#msg59123188) is my post no.). Tx id you have to share with us before reaching 4 confirmations.
1BTC is just a small amount which means it's okay to hold it temporarily at that address and you can use it to the next new exchange you want to try sometime.

Why don't you also think that way when you mention your tradingview account? https://www.tradingview.com/u/Maxones/  :P

No need, I don't need your main wallet balance information even though it's worth 1k BTC, I just want to prove that what you have claimed (https://bitcointalk.org/index.php?topic=5381777.msg59088898#msg59088898) is not your hallucination, unless it's true.  ::)

Reason is pretty obvious to everyone but he thinks that he is being subtle in his shill attempt. I mean, newbie account fiercely defending completely unknown exchange that absolutely no one here ever heard of (expect one other member that looks like his alt account). That's a giant red flag for anyone that has any experience on bitcointalk.



To be honest, even he proves that he owns shit load of BTC, it doesn't make Fybit any more legit.

Ask that person on how sure he is that platform is good? It's not even listed on CMC so this is not good for that means. And for calling them good that platform should be listed if not the top but atleast on decent position with good volume. So better beware on that and if I were you I stick on binancd or other top exchange since we know they are more secured and provides good trading experience to us.

The main account I have is on the Binance. I agree that Binance is probably the most reliable platform, which is why I keep most of my funds there. I use Fybit for short-term trades with a small trading volume, since my main earnings come from medium-term trades. I also manage a large account on Huobi, from which I receive my percentage for trading operations. Until I trade for a long time on fybit, I won't be able to recommend it to anyone. Therefore, as I wrote earlier, time will tell.

Let's pretend I write a TXiD transaction, what does that prove? How will this affect in general what we are discussing here in this thread? I will do this, but not to please your pride, but on the following condition: you and Rikafip will register using my affiliate link on Fybit, and will trade there for at least half a year, so that I not only amuse your curiosity but get some then the effect of this useless action. If you do not agree to this, then I see no reason to prove something to you. And so I will satisfy your curiosity and earn an affiliate commission from you.

How about your admission that 1 bitcoin is a small amount? I guess rich people like you don't need affiliates from me or anyone else in this forum who only has $10-100 in our wallet. Have you just proven yourself that you actually need affiliates from small traders? which mean ... ::)

And I don't need to make a deal with you about this ridiculous exchange. If you don't want to fulfill this proof, that's up to you. :P

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One more thing I repeat,
there are only 2 3 updates for 5 years (https://t.me/fybit), wth progress is this?

I wrote this not because of the benefit I want to get from your 100 dollars, but in order to make a bet. I know my capabilities, and I can provide here the TXiD of the amount that you write, but I will not do this for the sake of your curiosity. Therefore, if you are not ready to make a bet with me, then I have nothing to prove to you. I am a professional trader and I don't need to prove it to anyone. But betting on interesting conditions is more attractive. I didn’t write how much you should deposit on your balance, even if it’s $100, I absolutely don’t care, it’s more interesting for me to win a bet.

What do you mean by not showing any signs of life for 5 years? I don't understand what is it about?

Wait a second. Just a couple of days ago you said that Binance stole your money, that you are not using them anymore and now you changed the tune and its the most reliable and the one where you keep most of your funds etc. Which one is it buddy? Let me share the quotes for others to see:



Caught in the web of your own lies...

Show me where exactly I wrote that I withdrew all my money from them? I keep funds with them, as the security of storing funds with them remains the highest. I keep funds in a cold wallet and use several platforms to diversify. Binance is the best place to store funds. Before you accuse someone of lying, carefully read everything that was written earlier. You are already trying to come up with something. I still have sediment, but their reliability is still the best. I withdrew a fairly large amount of funds from them and only once met with a double deduction of the withdrawal fee. Previously, I mostly traded only with them, including managing someone else's account on Binance, but now I have distributed the working volume across several platforms.
It's already funny for me to read, what new accusations will be from your side?

I read the discussions about the platform here, and I want to share my experience of using it.
I've been trading on fybit for a month now. I was invited by my mentor, who has been trading there since the first day of opening. I didn't notice any difference in terms of security or the quality of the system, everything is about the same on all platforms.
What I liked:
1. Excellent support service. They respond quickly and write in detail about how to solve a particular problem.
2. Instant deposits and withdrawals at any time.
3. Simple interface with a full set of functions. My mentor conducts trading training for beginners and invites everyone to fybit via an affiliate link. All beginners understand from the first use how to use all the trading functionality. We are all in a general chat, so we are discussing these issues.
4. A convenient calculator on the website, with which you can easily calculate positions when averaging. It is a pity that only 5 orders count, we have to rewrite the values again if there are more orders.
5. Loyal attitude to customers. Once, I received a loss due to the fact that I could not close a position in time due to a technical error. I was compensated for both the potential profit and the entire loss within 3 hours. It's really very cool.
6. No KYC.

What I don't like:
1. There is no mobile version. The support service says it will be available until the end of February. We are waiting.
2. The design of the pages, except for the chart page, looks cheap. It can be seen that only the chart page and the support page have been worked out in detail.
3. There are no languages other than English. They promise to add, but no one talks about the timing. I use English, but it seems to me that this way there would be more trust in the platform.
4. They do not work on the market for a long time. While there are concerns, this cannot be fixed, only time will be able to show how reliable the platform is.
5. There are some settings missing that are needed specifically for me. For example, the choice of leverage of any size. Perhaps this is not a critical moment, but it would be convenient for me to enter any leverage value from 1 to 100.
6. Few trading pairs. Mainly because of this, I have to trade only bitcoin.

This is my personal review of fybit. There are both pros and cons, just like in any other platform. Everyone decides for himself which platform to use. But the attitude to customers, I was bribed here.

An interesting note about the choice of leverage. What leverage do you use in your trading?

I open a position with 50-75 leverage using 25% of the working volume. Then, with 1 leverage, I add another 50% of the working volume to the position. Then, depending on the direction of price movement, I add the remaining 25% of the volume. If I am already in profit, then I use leverage 25, if I am in the red, then leverage 1 or 5. Thus, I vary the average leverage and the average position opening price.

If the price moves against you, how do you control your risk with such high leverage? Are you using a stop loss or waiting to be liquidated?

User dudzhadjerel (https://bitcointalk.org/index.php?action=profile;u=844187) wakes up after several years break just to write a review about some obscure exchange that noone on this forum ever heard of, apart couple of newbie accounts. What's even more interesting is the way dudzhadjerel got his only merit; it was for this post written four and a half years ago, but he got merit for it few days ago.


Nothing suspicious going on here, keep on with the regular activities. :D

The fact that the platform is unknown to a few people here means nothing, how do you know how many people are currently trading there? You judge by yourself. Just because you don't know doesn't mean no one knows about it. And what is most interesting, any person who writes any review about the platform here is immediately a figurehead. Are you not funny yourself? You think that everyone should repeat after you. But there are traders who use different platforms, and they like it. I am not related to this platform, but I like it and I trade there. The longer I trade there, the more I like it.
Do not judge by yourself, you like Binance, for example, trade there. And it’s already funny to read your comments that if at least someone knows about the platform, this means a figurehead. Don't be a clown.

Maybe they have a different basis on how they rate an exchange and based on what the OP is saying I think they say its a good exchange because of its appearance but to us that's not our basis. For me, a good design is not enough to impress me or to say that it was really good because what if I use it and I cannot withdraw my funds? Or there are less volume going on that exchange? Good design is going to be very useless then.

And not all that are listed in cmc is good or trusted but exchanges or the coins listed there can sometimes come and go. This is exchange can be new and we can give them some time to grow but for now, we have better exchanges to use than this one.

Totally agree with you. Until at least a year has passed, and the platform has not proven itself, nothing can be said. So far, withdrawals and deposits are very fast and there are no questions about the operation of the system. I'm still eyeing this platform.

I use a stop loss, close a losing position in the range of 30-50%. I trade in isolated margin mode. I looked at your account on tradingview, do you have any trading channel? I would like to observe your market analysis.

The reason I am suspicious about Fybit is not just because only couple of newbies here ever heard of it, but because you are defending platform that you (allegedly) just started to use. Coupled with dodgy stuff like newbie account waking up after several years break just to write that he us using this exchange. If I learned anything here its that stuff like that is usually not a coincidence.


I do use Binance occasionally but I would never recommend it to someone after using it for a few days or weeks. Hell, even after using Binance for 4 years, I still don't trust them much, especially not with bigger amounts.


It's true, not all exchanges listed on CMC/Coingecko are good or trusted, far from it. I would even say that majority of exchanges listed there shouldn't be trusted but you know which exchanges I trust even less than those that are listed there? Those that are not even listed, meaning they are most likely hiding something.

I cannot recommend any platform like Binance and Fybit to anyone. Everyone makes a choice. And I agree with you that even after a while, one or another platform cannot be recommended to anyone, since there are risks everywhere. In fact, if your money is not stored in your personal wallet, it means that you do not own this money.
I am not defending Fybit here, I wanted to know who knows about this platform. But when I saw the answers of several people, I decided that this was too little. So I started checking it out myself because Fybit reminded me of Bitseven. Now I have experience on this platform and I can share it. I do not recommend it to anyone, but I say that there are no questions about the operation of the platform, and you can trade on it. But this choice must be made by each individual.  ;)

What I don't like:
1. There is no mobile version. The support service says it will be available until the end of February. We are waiting.
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What do you say now about bitcoin?
[/quote]



Judging by the chart, the downward movement in bitcoin is not over yet. In the coming days, we will see, 36000. Then we need to look at the price reaction and volumes. On a weekly timeframe, we have a double top, but this pattern is unlikely to work out due to the lack of climactic volume. On the other hand, the formed level at, 32000 indicates a strong demand zone, which most likely will not be broken through, and in the long term, growth looks more promising.
By the way, you wrote that there is no mobile version on Fybit, they launched a mobile version of the platform a few days ago. It doesn't matter to me, but it mattered to you.

What do you say now about bitcoin?
[/quote]



Judging by the chart, the downward movement in bitcoin is not over yet. In the coming days, we will see, 36000. Then we need to look at the price reaction and volumes. On a weekly timeframe, we have a double top, but this pattern is unlikely to work out due to the lack of climactic volume. On the other hand, the formed level at, 32000 indicates a strong demand zone, which most likely will not be broken through, and in the long term, growth looks more promising.
By the way, you wrote that there is no mobile version on Fybit, they launched a mobile version of the platform a few days ago. It doesn't matter to me, but it mattered to you.
[/quote]

Yes, I'm already using the mobile version. Excellent forecast, everything as you said, the price eventually went down. Next, we are waiting for $32,000?

Now the situation is favorable for the breakdown of the $45,000 level and further upward movement. If there is a breakdown of the level, then we can talk about a local and global uptrend. For this, there are quite a few signals. However, a pullback to $41,000 also looks very likely.

The price eventually dropped below $41,000, are we continuing the downward trend?