I was looking forward to using bybit recently but saw a couple of scam accusations against it( can seem to locate the threads right now). Is there anybody here who has ever used it hands on.(i mean depositing, trading and withdrawing successfully without any challenges at all)
I traded on bybit months ago. My profitable position was mysteriously closed without me even knowing it. It wasnt a huge amount but I still decided to migrate out of it.
Bybit isnt an average scam exchange. It is a well-designed, sophisticated one that manipulates trades and the market for their own illegitimate profits, but they do that in a pretty hideous way. In the system, they set unpublished, secret rules that are unfair to users and favorable to themselves, such as forcefully closing a users profitable position. And these are not something you will immediately realize in the first couple days of trading.
And they have people on every corner of crypto community actively promoting them. When you look deeper into the way they say things, however, you will realize they probably have no idea what futures trading is at all.
But still, if there are any questions raised by real users who speak out against these secret rules, these shillers will raise their voice to drown out the user questions.
There are a few legitimate futures exchanges out there. Some have been mentioned here in this post.
Regarding Bybit, you may also want to read this one:
https://bitcointalk.org/index.php?topic=5170709.0