It is nothing new that Brazilians have created an appreciation for cryptocurrencies: a study released last year reveals that 10 million people in the country already invest in these digital assetsa sum greater than the number of investors in the B3.
Now, investing in crypto is even easier: Bybit exchange has just arrived in Brazil, with an investment of approximately US$50 million aimed at expanding its operations in the country.
And not only that: the cryptocurrency exchange has also created a referral program to encourage more people to invest in crypto. You can refer as many friends as you want and both you and the referred friend earn BRL 125 to position itself in the vast portfolio of cryptoassets.
Founded in 2018, Bybit is headquartered in Dubai and is the third largest exchange in the world in derivatives trading and 15th in the spot market, according to data from CoinMarketCap.
With five million users and US$12 billion in digital assets being traded daily, the “giant” brings to Brazil a series of benefits and tools for the Brazilian investor, whether he is a beginner in crypto or an experienced trader.
Here are some of the main services offered by the broker:
Direct contact with crypto assets
One of the advantages that Bybit offers investors is direct contact with cryptocurrencies. That is, instead of investing in crypto funds or ETFs and paying management and performance fees, it is possible to trade the assets themselves and have real price exposure their.
On the platform you will find more than 100 assets available for negotiation: from the largest and most consolidated, such as Bitcoin and Ethereumeven smaller-cap cryptos that are incipient on the market.
Bybit also has several cryptocurrency pairs for spot trading (spot)with immediate liquidity:
Purchase of NFTs, non-fungible tokens
Bybit also provides all the necessary support for those who want to enter the promising market of NFTs (non-fungible tokens), which has already moved more than BRL 130 billion in 2021 alone, according to Dapp Radar.
Through Bybit’s NFT Marketplace, creators can list their digital artwork for trading and make it available to the exchange’s millions of users. Brazilian investors, in turn, can trade tokens from collections around the worldno extra transaction fees.
Staking, a ‘savings’ of cryptocurrencies, with annual returns of up to 17%
Finally, another service worth mentioning at Bybit is the cryptocurrency stakingwhich can yield up to 17% per year.
Staking is a kind of ‘savings’ of cryptocurrencies: investors lend their assets to a protocol to validate transactions from a blockchain (the technology that enables crypto trading) or to provide liquidity to the market. In exchange for this, they receive income that can be compared to interest.
One of the advantages of staking is that investors can seek passive incomein addition to taking advantage of the potential appreciation of the currencies themselves, as the assets remain in their possession.
Here are just a few staking options already available on Bybit:
Trade on Bybit and earn BRL 125 per referral
To encourage Brazilian investors to trade crypto assets on its platform, Bybit decided to run a special promotion: until May 21, you and your friends can earn BRL 125participating in the referral program.
When you invite a friend, both he and you receive this amount to be able to invest in Bybit. And the best thing is that there are no limits to the indications: you can refer as many friends as you want.
To be eligible for the bonus, referred users must make a deposit of at least BRL 200 and keep the amount in their account until the end of the referral campaign.
As a major player in the cryptocurrency market, Bybit offers clear competitive advantages, which make it the most advantageous option for those who want to start investing in digital assets and for those who already have experience:
- Simple and intuitive platform;
- Trading more than 100 crypto assets;
- Staking with profitability of up to 17% per year;
- 24/7 service, in several languages;
- Good liquidity;
- High security in operations.
For open your account completely free of charge and enjoy all the advantages that Bybit has to offer, just click on the button below:
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.