The best crypto trading platform for No Nonsense Forex traders must hit a very particular set of criteria.
We finally found one.
If you already know what it is, and don’t want to read further, just go sign up HERE.
Why Not Sooner?
I think I’ve been approached by the majority of crypto platforms in the past two years.
This was not something I wanted to rush into. Crypto in the form that it exists now is still very new, and a lot of big mistakes were still yet to me made. I wanted most of this to play out first.
Things have normalized nicely in the platform market. The bad actors have (mostly) faded away, and the better platforms have tons of liquidity now.
But there are still things about crypto trading platforms that I personally don’t like, and I don’t think my followers would like either. Flashing numbers while you’re trying to trade, complete lack of privacy, and no way to trade directly from our charts if we’re using the MT4 trading platform we’ve grown to love here.
There is only one platform that pulls from the best aspects of centralized and decentralized, gives you a nice clean experience so you can actually concentrate, and has now incorporated MT4 for the NNFX traders who want to use it. Thankfully, they’re one of the larger brokers out there with tons of liquidity and a safe jurisdiction to boot.
It’s ByBit.
And my affiliate sign-up link will be towards the bottom of this blog post, for what it’s worth. Got some good bonuses for you.
I also did a video on ByBit, and why my traders should all be trading crypto as well. If you prefer videos, feel free to check out below.
Reasons Why
ByBit was right at the top of my list the entire time, but then they added something. And I felt like they added it just for me (unlikely).
When it comes to fees, ease of deposit (Crypto deposit only. Very slick. Very efficient.), ease of use, etc, ByBit competes right up there with the best of them.
But there are separators. Separators that vault them to my #1 spot and make them my top recommendation for NNFX traders.
You can watch the video below, or simply keep reading. I will mention them here.
Best of CEX and DEX
Being completely centralized means anyone who wants to come after you easily can. This is normally not a big deal because I will assume you’re not a criminal. But not only does it go against the spirit of crypto itself, we’ve seen recently how governments (Your own, and unfriendly governments) can shut it all down at any time.
Not to mention some people, heaven forbid, enjoy a bit of privacy in their lives.
Now ByBit is centralized to where it has a central headquarters, located in Singapore, licensed and all. This is important when you’re trading.
If you were 100% decentralized, you would rarely if ever be able to get help when you needed it, and there’s almost nothing preventing them from rugging and taking all of your money when the time is right. We’ve already seen this in DeFi.
Customer Service
While we’re on the subject, you guys know how important customer service is to me, and it turns out my followers valued it as much as I did, which is refreshing.
There was much of this I could not test myself, for reasons I’ll explain in a moment, so I gathered up a handful of people from the NNFX Discord Forum to test everything out.
I had them all find a reason to get a hold of customer service, and ByBit passed with very high marks. They are not fully centralized, like a Forex platform, so you may not get the lighting fast response like you would with IG or white-glove treatment like you would with Blueberry, but for a crypto platform, everyone was very impressed.
Singapore is a native English speaking country, so there will no issues with outsourced CS, like many companies STILL do! Other available languages you can access are
Covert Ops
ByBit has no KYC.
KYC = Know Your Customer = You have to fill a bunch of stuff out and tell them who you are so they can track you if they want (or if somebody else wants to).
Just give them a good email address, deposit and go.
This is where the decentralized part comes in. Come in, do your trading, we’ll leave you alone.
It’s the best of centralized and the best of decentralized. You don’t have to sacrifice anything, anywhere.
Serenity Now!
You may have noticed at some point that my blogs don’t have ads. My whole site doesn’t have ads.
Do I hate money? No, I love money. But I hate annoying, distracting, blinking-ass ads and pop-ups more than I love money.
So I passed on the money to make a better experience where people could learn easier.
I have ADD pretty bad, and I can’t do much of anything if I’m distracted.
One of the things I noticed with just about every single crypto trading platform out there is how there were flashing, blinking NEEDLESS crap everywhere, and I could not turn them off.
Ads, bots, offers, NFT drops, bonuses that don’t apply to me, make my blood boil every time I see one, and I can on longer trade, because I’m too busy thinking about how mad I am that somebody had the gall to shove this stuff in my face while I’m trying to do what I do.
I was really happy to see several of my testers also notice the clean, unobtrusive nature of ByBit compared to the other places they trade. One of them even said he was making the switch, and this was a big factor.
And I know we’re not alone here. I get compliments all the time on my site having no ads. People are trying to learn, so I keep it clean. People are trying to make money, so ByBit keeps things clean for you as well.
ByBit does have price quotes off to the side of the charts, but you can drag them down or minimize them if you don’t want them there.
This quick-access stuff here. Some people love it. Not me.
But a lot of what you see and don’t see on the main screen, for many of you, is not going to matter.
Because we are now to the part that put ByBit over the top for me.
They Have MT4!
You can trade directly through MT4 through ByBit!
Take your algo, all of your killer indicators, your EAs, and run them right there on ByBit when you do your crypto trading.
For some of you, this is not important because you use TradingView or MT5. This is fine. You can still use ByBit to make your entries/exits/stops/etc, no problem.
But if you are comfortable doing your trading on MT4, you can now do it here.
As I write this, there are only 6 pairs you can trade on MT4 (BTC/USDT, ETH/USDT, XRP/USDT, SAND/USDT BNB/USDT, LUNA/USDT, BIT.USDT).
That’s actually a lot if you add on everything else we trade, but if you feel like it’s lacking, don’t worry, they’re adding more as they go. MT4 trading on ByBit is still new.
And there’s like a million pairs on ByBit’s main platform. My testers were trading shit like Helium and Ravencoin on there.
My ByBit contact, who I turned down in the past because I just wasn’t ready to promote a crypto platform yet, came at me a year later with the MT4 option in his hand and said “How about now”?
I couldn’t resist. I did like it before, but I really like it now.
Essential Info
You can buy your crypto directly from ByBit’s spot market. A lot of great options, including XRP!
ByBit is an “A Book”, meaning they do not trade against their clients.
All deposits must be in crypto, things being decentralized and all.
You can trade directly on ByBit’s platform, or directly from MT4.
ByBit’s platform shows Trading View charts, but unfortunately you cannot put your own indicators on them, unlike MT4.
MT4 FAQs can be found HERE.
MT4 Pairs currently available can be found HERE. (They are dropping LUNA and UST)
All instructional videos can be found HERE.
I actually like this method better. Kind of like my blogs. Video is often included, but more written out and easy to follow. Instructions on setting up the MT4 can be found here as well. Go HERE
Banned countries/regions can be found HERE
You will notice the US, Singapore, Ontario and Quebec on that list. Suffice to say there are lots of traders from those areas who still trade on ByBit, since it is decentralized. The choice is yours.
Customer Service languages include:
English
Spanish
Russian
Thai
Vietnamese
Chinese
Japanese
Korean
Turkish
ByBit offers options trading, DeFi mining, and liquidity mining as well for all you hardcores.
Other Cool ByBit Stuff
Even if you don’t like me, and don’t want to click my link down below, it should still be noted that if you sign up for a ByBit account normally, they do have some great things going on, pretty much all the time.
Become A Copied Trader
I want to provide you guys with as much opportunity as possible as a trader, investor, contest creator, etc. This is a really intriguing avenue ByBit just created in Spring of 2022.
You can use your skill to become a known trader, and make money (crypto in this case) by having others sign up to follow you.
ByBit has a huge network of traders, and this really works in your favor if you can make your presence known.
Warning: You will have to fill out KYC if you choose to go this particular route.
Major Contest
This is not an NNFX contest, but Bybit hosts the World Series of Trading, this year’s will begin in June 2023.
They have held the World Series of Trading for the past few years now. Huge prize pools.
Details coming in June. Will provide a link here when it arrives.
I do know that you will not be able to use MT4 in our contests for now unfortunately. MT4 is still pretty new on Bybit, we’re just not there yet when it comes to incorporating it into the contests.
What You Get With My Link
You will get two things actually.
Sign Up Bonus
For the month of June 2022 (After June, if I don’t have a link up, just ask them what they have going — it’s always something good)
Anyone who signs up through my link, or who is already signed up through my link is eligible.
Make one trade on the spot exchange. So buy crypto, sell, or swap.
AND make one trade on MT4…
Then you will be eligible for a $500 USDT giveaway. ByBit is giving away three $500 prizes, just for us.
March Airdrop
This applies to new and existing traders.
In the month of February 2023, twenty traders who trade at least $10K USD in volume will receive $50 worth of ETH. Check your Rewards Hub a week or so after the end of February to see if you won.
*Must have filled out Level 1 of KYC to apply for airdrops.
And your NNFX ByBit sign up link is right HERE
I wish you all the best in your trading future, regardless of which route you take.
— VP
Disclaimer: VP and No Nonsense Forex claim no responsibility for what happens with a third party I do not control. I have researched to the best of my ability, and after over a dozen platforms researched and at times tested, ByBit was my top choice. Your results and your consequences, both good and bad, are your own.
ByBit Disclaimer: “Do not trade on any exchange that prohibits trading from your geographical region”