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Binance Banned: ByBit fixes this
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For those that want to invest or trade crypto. Here’s the exchange that i recommend. BYBIT. its the #2/3 ranked exchange in world. My Referral Link: https://partner.bybit.com/b/60964 Get $20 welcome bonus if: 1. you sign up with my referral link 2. get Level 1 KYC verified 3. Deposit minimum $100 4. Wait for $20 welcome bonus HOW TO DEPOSIT: To deposit money into your account, here’s a step by step tutorial: 1. go to “buy crypto”, then click on “one-click buy”. 2. for “one-click buy”, just type how much you want to buy in USDT, then clcik on “bank transfer” and then just do an online transfer to the bank account of seller. 3. once deposit is done, seller will release crypto (usdt) to your Bybit account. FAQ Q: How can i be sure that after i deposit to seller’s bank account, that the USDT will be sent to my account? A: The USDT of the seller is in escrow, which means that its locked by Bybit. Once you pay the seller, they have to release the crypto to you. if they dont, you can
Chris Tan
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Run time: 07:22
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00:00.3
Binance is officially banned in the Philippines.
00:05.5
Sa mga may hindi alam, the SEC has banned Binance in the Philippines.
00:11.0
But, you can actually still access the Binance app as of today.
00:15.4
But the SEC has already announced that they're going to disable access to the app for users in the Philippines.
00:22.8
And that's going to be the final nail in the coffin.
00:25.9
Ngayon, for people that have crypto in Binance, the question is,
00:30.0
which exchange should you be trading crypto in?
00:32.8
Meron akong option na i-recommend sa inyo.
00:34.8
It's called Bybit.
00:36.2
Now, some of you may have heard of Bybit already.
00:38.1
And for the ones that haven't, I'll give you guys a breakdown on why Bybit is as good,
00:43.5
if not a better exchange than Binance, and why I trade and invest crypto in Bybit.
00:49.3
So, let's start with the obvious.
00:50.8
The reason na sa Bybit ako is because Bybit has the exact same features that you would see on Binance.
00:57.1
From the exchange, to their earn program,
01:00.0
to the way you deposit and withdraw money,
01:03.0
and the way you move around on the exchange,
01:06.0
it's all pretty much the same.
01:08.5
Next is the familiarity, the user interface.
01:11.5
Alam mo, when you're using Binance, tapos you move to Bybit,
01:14.3
it's so seamless kasi they're pretty much the same when it comes to the user interface.
01:20.4
Okay, now that I've stated the obvious,
01:21.7
let's talk about the other things that make Bybit a good exchange to put your crypto in.
01:27.1
So, one thing I look at when it comes to an exchange is,
01:29.5
ano ba yung trading volume nila at ano ba yung liquidity nila?
01:32.5
And how do they rank compared to all other exchanges?
01:35.8
For that, I actually go to CoinMarketCap,
01:38.7
and this is where we check the exchanges.
01:41.0
Now, let's take a look at where Bybit ranks in CoinMarketCap.
01:44.4
So, as you can see here in CoinMarketCap,
01:46.4
pag kinlik mo yung mga exchanges under spot,
01:49.7
you'll see that Bybit is number 3 overall,
01:52.1
only 3rd to Binance and Coinbase.
01:54.9
Ngayon, ang maganda dito, ano pag tinignan mo,
01:56.7
is the score that they have is 7.8.
01:59.5
So, it's a very good score, and that shows you
02:01.0
that they have a very reliable and trustworthy app.
02:04.8
And tinignan natin din dito, of course, yung trading volume.
02:07.4
The 24-hour trading volume is at $5 billion.
02:10.8
That's a significant amount in trading volume.
02:13.1
They actually have a higher trading volume than Coinbase.
02:16.2
At pag tinignan mo yung average liquidity nila,
02:18.9
they have a score of 629 points in their average liquidity.
02:23.7
So, basically, anything above 500 is good liquidity.
02:26.7
And they have 7.8 million weekly,
02:29.5
monthly visits on their exchange.
02:32.0
Not only that, they're in over 800 markets.
02:36.0
Plus, ito na yung caveat,
02:37.1
they have almost 600 coins that you can trade with on their exchange.
02:43.2
This is 50% higher than Binance,
02:46.0
which only has over 400 coins on their exchange.
02:49.1
Ngayon, what I'm talking about is just the spot trading.
02:51.7
Tignan naman natin yung derivatives trading nila.
02:54.4
On the derivatives exchange, they are number 2.
02:57.4
With over 22.4 billion,
02:59.5
in daily trading volume.
03:02.0
That's significant.
03:03.4
And yung mga fees nila is very competitive, as you can see.
03:06.0
And they're in 341 markets.
03:08.8
Kaya sila number 2 overall in terms of derivative trading.
03:13.9
So, the way I see it,
03:14.9
kung mag-move ako from Binance to another exchange,
03:17.3
gusto ko pumunta sa next best exchange that I can be on.
03:20.9
And in this case, that's Bybit.
03:22.7
That's both for spot trading and for derivatives trading.
03:25.5
Okay, gaano kabilis magamitin itong Bybit and how do you get started?
03:28.6
First, you just have to...
03:29.5
You just have to register an account.
03:30.7
Then, you have to do your KYC verification.
03:33.2
At least, be level 1 verified.
03:35.0
And once you submit the necessary documents and ID,
03:37.6
you'll be level 1 verified.
03:39.2
Ngayon, tignan naman natin yung buong website nila.
03:41.1
Tignan natin gaano kabilis yung user interface nila.
03:43.6
Una-una dito sa Buy Crypto, this is how you put money into your account.
03:47.6
You either do a one-click buy or you do P2P trades
03:51.2
or pwede ding crypto deposit which means you're gonna just transfer your crypto
03:55.0
to Bybit.
03:56.3
So, let's just click on Crypto Deposit.
03:58.4
Ayan, makikita mo dito.
03:59.5
You just basically transfer your crypto from Bitcoin, Ethereum, USDT,
04:03.0
and all other cryptos into your Bybit account.
04:06.4
For example, ikiklik koy yung USDT and then pipili lang ako ng chain
04:09.7
kung ano yung gagamitin ko dito.
04:11.0
For example, we can use a BSC or BEP20.
04:14.0
Ayan.
04:14.8
You acknowledge it and it'll generate your USDT address on the BSC network.
04:20.4
Diyan mo pwede i-deposit yung USDT mo from Binance or other wallets.
04:25.3
Always remember to use the same chain or network
04:28.8
from the sending and the receiving end
04:31.2
of all your transactions.
04:33.3
And this is their P2P page
04:34.6
where you can pretty much buy crypto
04:36.5
and in this case, USDT
04:38.4
from a lot of sellers in the Philippines.
04:42.2
O kaya, you can do a one-click buy
04:43.6
where you basically type in
04:44.9
the amount of pesos you want to spend.
04:47.1
They'll tell you how much dollars
04:48.3
you're going to get
04:49.6
and you just do a bank transfer
04:50.9
and then buy with PHP.
04:52.5
And marami kang options
04:53.4
in terms of payment method.
04:55.4
Then for trading,
04:56.1
of course, you have your spot trading,
04:57.6
then you have your margin trading,
04:59.4
leverage tokens,
05:00.8
you have trading bots,
05:02.2
and basically a lot of options
05:04.1
when it comes to trading.
05:05.5
Ngayon, for those that want to do spot trading,
05:07.2
click mo lang spot
05:08.0
and makikita mo dito
05:09.0
that their user interface
05:10.4
is laid out perfectly
05:12.8
and it's very easy to understand
05:15.7
with all the necessary tools
05:17.7
to be able to do proper trades.
05:19.8
And one thing that makes Bybit
05:21.3
very interesting for me
05:22.5
is yung earn program nila.
05:25.1
Kasi this way,
05:25.9
your crypto is actually
05:27.5
earning money for you
05:29.0
or working for you.
05:30.5
And maganda yung mga returns
05:32.1
na makukuha mo
05:33.0
on their earn program.
05:34.7
For example,
05:35.4
ako ay stake my Ethereum
05:36.7
on Ethereum 2.0
05:38.0
at available siya on Bybit.
05:40.6
At tignan mo dito,
05:41.4
for your Bitcoin,
05:42.4
you can get 4.5%
05:44.0
and it's flexible.
05:45.4
Ibig sabihin,
05:45.9
you don't have to lock in your Bitcoin.
05:47.8
You can withdraw it at any time.
05:49.5
But if you keep it there,
05:50.8
you're going to earn 4.5%.
05:52.4
Alam mo ba that the money
05:53.7
they pay you on your crypto
05:55.1
is so much better
05:56.2
than what the Bitcoin's doing?
05:57.5
Bank pays you.
05:58.9
Plus, hindi yung pa kailangan
05:59.9
i-lock in yung pera mo.
06:01.3
You can access it anytime.
06:03.3
Ayan, even their USDT
06:04.5
gives you at least 7% flexible.
06:07.5
At itong earn program nila
06:08.6
is available for almost
06:09.9
all the coins
06:11.0
that you can imagine.
06:12.5
On top of that,
06:13.3
natutuwa din ako dito
06:14.4
sa bagong dinagdag ng Bybit
06:16.0
which is the Web3 portal.
06:18.4
In the portal of Web3,
06:19.9
you can connect your Metamask wallet
06:21.8
like I did
06:22.5
and be able to access
06:23.7
almost all the different networks
06:25.8
in Web3.
06:26.6
So, let's do a quick,
06:27.5
quick recap
06:28.0
on why I use
06:29.1
and recommend Bybit
06:30.2
for people that want to get
06:31.7
into crypto.
06:32.9
Number one,
06:33.5
mataas ang trading volume nila.
06:35.1
Number two,
06:35.7
mataas ang liquidity nila.
06:37.2
Kaya sila considered
06:38.0
as the number two
06:38.8
or number three exchange
06:39.8
all over the world.
06:40.9
Next, maganda yung
06:41.6
earn program nila
06:42.5
where you get juicy returns
06:44.3
off your crypto
06:45.2
para naman nagtatrabaho
06:46.3
yung crypto mo para sa'yo.
06:47.7
Then, add to that
06:48.5
that they have pretty much
06:49.3
the same features
06:50.1
and familiarity
06:51.1
as Binance
06:52.3
and all other
06:53.3
top-level exchanges
06:54.4
in the world.
06:55.2
Okay, kung ready ka na
06:56.1
to try Bybit,
06:57.0
click here,
06:57.0
and you'll be able to
06:57.5
click on my referral link
06:58.8
and make sure to get
06:59.8
KYC verified level 1
07:01.5
and if you deposit
07:02.9
a minimum of $100,
07:04.7
you'll get a $20
07:06.2
welcome bonus.
07:08.0
So, ano pa yung naantay mo?
07:09.0
Click on my referral link
07:10.1
in the description
07:10.7
and get started
07:11.8
in your crypto journey now.
07:13.7
This is Chris Tan.
07:14.5
Sana nakatulong
07:15.1
itong video na to
07:15.8
and may all of you
07:17.2
have a profitable
07:18.0
crypto journey.
07:19.1
I'll see you on my next video.