Bybit API is weird, can anyone explain the order rules for this thing

[samdan777712]

Bybit as an exchange is just weird. Like the order rules and options for placing orders are great on mex and deribit, but bybit just is doing very odd things. I can't even manually put stop entries above the strike on bybit, they auto cancel when they are triggered. It doesn't make any sense. And autoview doesn't have stop entries integrated properly either. Bybit's API rejects normal stop sells or anything addressed as a stop loss take profit unlike mex and deribit, and only allows you to assign those variables at the beginning order, and only if the beginning entry order is at the strike, which is stupid as hell. I have a strong incentive to use bybit, it might be the only choice soon. So I need help with this.

It's like bybit is set up to rake in market fees. You can't do a proper stop limit entry which is absolute bullshit.

[nelson4lov]

I've never been a fan of Bybit. Ever since it started getting shilled by Crypto Twitter finest "influencers" I knew I had to stay clear. I've not really tried out their API though. Just Binance and Bitmex APIs  and so far so good, no issues with them. You should give them time though. If Bybit is going to improve, their API is going to be one of em.

[Bitcoin_Arena]

Mex is much better. Bybit also has a problem of liquidity. It's only good if your take orders at the market price but if you are looking to cut on those taker fees by being a maker using limit orders... you will be disappointed.

The only thing good about it is that you can with draw 3 times a day as compared to bitmex's once a day

[1Referee]

It's like bybit is set up to rake in market fees. You can't do a proper stop limit entry which is absolute bullshit.

I'm not using Bybit so I can't comment on their workings from a personal experience, but what I did notice is that none of the larger traders use that platform. In fact, they preach against it. If the smart money isn't interested in using that platform, it probably means that you shouldn't be there either.

You don't see so called crypto influencers on social media shilling Bitmex or Deribit, they are hardcore shilling Bybit. Why? Because they want to sucker in noobs, the only category of clients they can sell their platform to. It's a shit show. Bitmex has its flaws, but I take them over any other derivatives platform. They also don't use hot wallets, which is something I support. Withdrawals are processed manually once a day.

[samdan777712]

trust me i never wanna leave deribit, but they are going to go kyc and boot my ass. even more insulting, they didn't give heads notice like CZ, just gonna pull a poloniex and randomly announce it in junuary i assume, such bullshit.

maker orders are my bread and butter and they work really well on deribit, deribit has the best chart, and i use it to model my algorithms. Bybit's chart is serioulsy fucked up. I even heard through the grapevine by some developer dudes in China that mex is probably going to go full kyc in q1 2020 too. I'm feeling pretty screwed.

But Bybit is clearly 5 times more liquid than deribit, so i can't understand why you can't get an order filled on there unless it's some shady bullshit orderbook engineering by bybit. ... which i suspect is what it is going on.

Deribit and Mex are brutal, they forbid US citizen, not just resident, majorly majorly fucking bullshit.

[Toporets]

Nice exchange.
It works virtually flawlessly, customer assets under reliable protection.
Of the advantages - an intuitive website and a trading interface. Although if you come from another market, you need time to adapt. The trading system is different from the foreign exchange market. Here is the logic of work, more typical of the stock exchange. But in general, problems should not arise.
There are enough coins. Bidding and volumes are also on top.
A big plus for many will be some of the best commission conditions on the market.
I also liked that for traders it is not required to undergo mandatory verification for trading. For privacy advocates who are worried about the risks of disclosing personal information, this aspect is especially important.
For trading, you can get bonuses that give the right to reduce the already low commission.
In general, left a good impression.