Bybit is an excellent all-around exchange suitable for all kinds of traders. It has beginner-friendly purchase options in multiple local currencies and through several different payment providers.
Excellent liquidity, hundreds of crypto coins and tokens listed, and frequent trading competitions make Bybit also the most popular trading platform for experienced crypto day traders.
We definitely recommend signing up for Bybit if you want to try your hand at crypto trading. To incentivize your journey even more, signing up through our link can get you over $30,000 in exclusive signup bonuses.
Bybit Features Overview:
- Deposits: Cryptocurrency Bank cardsBank transfers
- Beginner trading: Beginner-friendly interfaceSpot tradingDemo tradingMobile appCopytradingQuick convertRecurring buys
- Advanced trading: MarginFutures & leverageOptionsTraditional marketsTrading bots
- Financial services: Fiat withdrawalsDebit ATM cardsCrypto loansP2P tradingStaking & Earn
- Other features: Signup bonusesSubaccountsTrading competitionsLow trading feesWeb3 wallet
Bybit Fees:
Bybit supports both direct fiat deposits (cheaper fees) and third-party payment providers.
Direct deposits:
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
 Credit/Debit Cards | 1.10% EU, 2.70%-3.05% Non-EU | Not available | Instant |
 SEPA Transfers (EU/EUR) | 0.19% (€1 min.) | €2.60 | 1-2 Business Days |
 SWIFT Transfers (International) | 0.51% (min. €15) | Not available | 3-5 Business Days |
 PIX (BR/BRL) | No fee | No fee | Instant |
 Other Bank Transfers | 0.08% + €0,30 | €1 - €1.50 or 1% | Varies |
 Google Pay | 3.5% | Not available | Instant |
 Apple Pay | 3.5% | Not available | Instant |
 ZEN | 0.92% - 1.20% | €1.60 | Instant |
Integrated fiat gateways:
| Payment Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
| Visa/Mastercard | 0.50% - 4.50% | Not available |
| SEPA Transfers (EU/EUR) | Free | 0.25 EUR |
| SWIFT Transfers (International) | 0.10% + 5 EUR | 0.10% + 5-50 EUR |
| Google Pay | 0.50% - 4.50% | Not available |
| Apple Pay | 0.50% - 4.50% | Not available |
 PayPal | 2% EU to 6% Non-EU + 0.25 EUR | Not available |
 Skrill | 4.00% + 0.25 EUR | Not available |
 Neteller | 4.00% + 0.25 EUR | Not available |
| Payment Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
| Visa/Mastercard | 4.5% | 4.5% |
| SEPA Transfers (EU/EUR) | 1% | 1% |
| Google Pay | 4.5% | 4.5% |
| Apple Pay | 4.5% | 4.5% |
| PayPal | 4.5% | 3.4% |
| Payment Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
| Visa/Mastercard | 1.99% | Not available |
| SEPA Transfers (EU/EUR) | 0% | 0% (5% spread) |
| Other Bank Transfers | 0% - 1.50% | 0% (5% spread) |
| Google Pay | 1.99% | Not available |
| Apple Pay | 1.99% | Not available |
| Payment Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
| Visa/Mastercard | 3.95% | 3.95% (min. €4) |
| SEPA Transfers (EU/EUR) | 3.95% | Not available |
| Other Bank Transfers | 3.95% | Not available |
| Google Pay | 3.95% | Not available |
| Apple Pay | 3.95% | Not available |
 Revolut Pay | 3.95% | Not available |
Mercuryo may charge an additional 1% currency spread. This price spread is typically included with fees in the table above.
Bybit also has ATM cards in select regions for easy cashing out and spending cryptocurrency.
Supported fiat currencies: ARS, BRL, CHF, COP, CRC, CZK, EUR, GBP, HKD, HUF, IDR, KZT, MXN, PEN, PLN, RON, RUB, TRY, UAH, USD, UYU, VND, ZAR.
Some countries have additional restrictions on fiat deposits and withdrawals, as indicated on this page. Additional fiat deposit & withdrawal FAQs here. For certain fiat withdrawals, a deposit through same account will first be required. Fiat withdrawal currencies and payment methods (source):
| Available Payment Methods | Supported Fiat Currencies |
|---|---|
| PIX | BRL |
| SEPA, Zen.com, iDEAL | EUR |
| Bank Transfer | ARS, TRY, MXN, VND |
| Zen.com, FPS | GBP |
| Zen.com | PLN, HUF, CZK, CHF |
| SWIFT | USD |
| Local Bank Transfer | IDR |
- EU: 1.10% Visa and Mastercard
- Non-EU: 3.05% Visa, 2.70% Mastercard
- Asia (JCB): 5%
- Supported regions for bank card, Google Pay and Apple Pay payments
All cryptocurrency deposits to Bybit are free of deposit fees.
Bybit Available & Restricted Countries:
Bybit Review – Introduction
Bybit is one of the most popular CEXs (centralized exchanges) available. Tens of millions of happy customers are using this trading platform for a reason. Whether they are new investors or demanding traders. you will have a hard time finding an unhappy customer.
Because of Bybit’s popularity, we have been using this exchange for many years and are familiar with every aspect of the exchange. You can rest assured we used every Bybit feature many times, including depositing, withdrawing, trading, staking and more.
Why use Bybit?
Bybit is an excellent top-tier exchange with high volume, high safety, and every feature you could possibly need. Since its launch in 2018, Bybit has smashed its way into the world’s top 3 centralized exchanges by volume, attracting over 50 million customers.
The exchange lists over 700 cryptocurrency assets (altcoins), and has excellent liquidity on all of them. This is a high volume CEX, meaning you will not have any issues buying and selling altcoins.
- Supports deposits with bank transfers and bank cards.
- One-click buy and quick conversion features make buying cryptocurrency easy for beginners.
- Supports subaccounts and demo trading, making it excellent to learn how to trade.
- Considered the best exchange for experienced derivatives traders due to high liquidity and volume.
- Additional trading fee discounts based on volume.
- Excellent selection of high and medium-cap altcoins to invest in.
- New traders can claim up to $30,000 in bonuses.
- Lots of advanced trading options that can be frightening for beginners.
- No long-term fee discounts.
- Fewer regulatory licenses compared to other biggest exchanges.
Is Bybit good for beginners?
Bybit exchange is very suitable for newcomers. New investors will find local currency deposits through traditional bank transfers and credit or debit cards easy and quick. Additional payment options are also available through 3rd party payment processors, allowing deposits through Apple Pay, Google Pay, and other methods. Many reliable sellers on Bybit’s P2P (peer-to-peer) marketplace also let buyers buy crypto with practically any payment method they can think of.
On top of the multiple convenient payment methods, new investors can enjoy additional beginner-friendly features such as Quick Convert, offering one-click conversion between fiat and crypto. Recurring buys are also available, allowing regularly scheduled purchases. Demo trading and subaccounts make it easy to practice and learn how to trade crypto without risk to assets. Fiat withdrawals through bank transfers are available along with crypto ATM cards, both allowing easy cash out.
Is Bybit good for traders?
Experienced or expert traders will find Bybit to be likely THE BEST exchange for day trading. Great selection of altcoins, high volume and liquidity, margin, futures, options trading, trading bots, subaccounts and more will be enough to satisfy even the most demanding crypto traders.
Expert and high-volume traders will find Bybit’s VIP levels great for reducing trading fees, and large signup bonuses are icing on the cake. Furthermore, very frequent trading competitions with prize pools up to $10 million USD are additional incentives that make this exchange great for trading.
Bybit’s Top Features
- Easy Spot trading – classic Spot trading is of course available on Bybit, letting everyone invest into Bitcoin, Ethereum, or other assets with ease. A large and growing selection of altcoins will be more than enough for vast majority of traders.
- Beginner friendly: Overall, Bybit has a very easy to use interface. The exchange also sports Quick Convert, Recurring Buys, Demo Trading, and other newbie-friendly options. If needed, a very comprehensive learn and help center will explain how to use every part of the exchange, and customer support is readily available through multiple channels for quick help.
- Derivatives trading: Bybit’s derivatives trading include Perpetual Futures, Inverse Perpetuals, Options trading and more. Additionally, Copy trading, Subaccounts, Pre-Market Perps and Margin trading are also among the many ways to trade crypto on Bybit. Up to 100X leverage on Futures lets you trade crypto with only a fraction of funds at risk.
- Staking and Savings: Bybit doesn’t have the highest APYs (yearly yields) on staking cryptocurrency assets. However, parking your long-term investments on Bybit can yield decent returns, sometimes up to 10% per year. Some assets have yields set to just 1%, but at the very least these returns can pay off some trading fees with no risk.
- Crypto ATM cards: Bybit Card is a regular Mastercard which lets you spend crypto at over 90 million merchants worldwide, or withdraw crypto as cash at any ATM machine. The card is only available in a few dozen countries, including most of European Union, Brazil, Argentina, and Australia. Best to check Bybit’s website for up to date availability.
- High safety: As mentioned, Bybit is amongst the world’s top exchanges, and always aims for high regulatory compliance. The exchange is reliable and reputable, operating without problems since launch, with regulatory approvals in multiple countries. Your crypto assets will be safe on Bybit, and account security options are some of the most comprehensive in the industry.
- Constant airdrops and Launchpools: holding USDT or investing into MNT (Mantle, Bybit’s native token) can provide serious passive income through a continuous stream of lucrative launchpool events. We notify our community about Launchpools in our Promotions category, and there are typically several events each month. These events let you stake your unused crypto holdings for 5-7 days, and you can usually earn over 50% APY.
- Decentralized features: Bybit has one of the industry’s best decentralized wallets. It’s a great way to get started interacting with web3. As an added incentive, using Bybit’s wallet also lets anyone participate in frequent airdrops for additional free crypto income. In addition, Bybit has a decentralized exchange (DEX) called Apex, where anyone can trade crypto without some of the common restrictions found on centralized exchanges.
These are just the features we wanted to highlight, but Bybit has a lot more to offer. The exchange is not just copying features from other industry players, they are often the ones who innovate and introduce new services. Therefore, you can expect Bybit to keep growing, expand with new features, and always stay one step ahead of most competitors.
Safety and Security: Is Bybit a Safe Exchange?
- Bybit has been operating since 2018.
- No major hacks or security incidents where customers lost assets have been recorded.
- Exchange has one of the highest trading volumes in the industry and nearly 50 million users worldwide.
- Compliant with all relevant laws and regulations in nearly 200 countries it operates in.
- Regular audits and Proof of Reserves reports are published, confirming the platform is safe and has all customer funds accounted for.
- Bybit holds regulatory licenses in multiple countries, including Virtual Assets Regulatory Authority in Dubai, Cyprus Securities and Exchange Commission, Astana Financial Services Authority in Kazakhstan, and VASP license in Georgia and Argentina.
- Has a transparent corporate structure and ownership.
- Uses cold (offline) wallets to store customer funds, preventing and limiting potential losses from hacks.
- Has one of the most advanced account security features and measures in including 2FA, anti-phishing codes, trading PINs, and more.
Overall, Bybit is one of the world’s safest crypto exchanges due to all the reasons mentioned and more. There is nothing to indicate this platform is a scam or engaged in any illegal, fraudulent or misleading practices. Bybit is a key industry leader and you can trust them to keep your assets safe and sound.
Final Verdict – Is Bybit a good exchange?
We can not imagine anyone being unhappy with Bybit. This is one of the best exchanges in the world, and we are confident in recommending it to anyone who needs a safe and reliable trading home.
- Bybit is a highly trusted, safe and reputable crypto exchange that complies with local regulations.
- Very beginner friendly with multiple ways to deposit and withdraw.
- Has medium to high amount of altcoins, providing good choices for diversifying investments.
- Lots of ways to speculate on crypto assets and trade beyond simple spot trading.
- Many additional options and services are available such as copy trading, demo trading, ATM cards, and more.
- Lucrative launchpools, airdrops, and easy staking are all available for additional passive income and earning opportunities.
- Comprehensive learning center, in-depth guides, and very responsive 24/7 customer support will ensure there are no unanswered questions.
At first glance, this trading platform can seem scary to new investors because of all the options. We always found Bybit to be intuitive and easy to use, providing a very pleasant trading or investing experience.
Bybit is a safe and overall excellent top tier crypto trading platform suitable for any type of investor. We highly recommend giving it a try for all your trading needs, because we know you will not regret it.
Review Score Breakdowns:
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