Bybit

1. Bybit Review – Introduction

Bybit is one of the largest centralized crypto exchanges, with more than 86 million customers and over 750 listed cryptocurrency assets. Launched in 2018, it has grown from a derivatives-focused platform into a full-service exchange covering spot trading, futures, options, copy trading, earning products and other financial services.

The exchange is known for high trading volume, deep liquidity and a broad selection of crypto and tradfi markets. Its interface combines advanced trading tools with simpler options for casual users, so traders can access complex order types and leverage without needing to use them for basic buying and selling.

Bybit has also continued adding products such as copy trading, structured products, campaign rewards and other services. Its powerful mobile app, competitive trading fees and wide range of markets make it a serious option for both active traders and investors looking for more than basic spot trading.

2. WHY USE Bybit

Bybit offers a broad set of features, but its strongest selling points are liquidity, market choice and trading tools. The exchange supports more than 750 crypto assets, while its top 3 trading volume makes it easier to buy and sell a wide range of altcoins.

It also supports bank transfers and bank cards, one-click crypto purchases, quick asset conversion, demo trading and subaccounts. Experienced traders get access to deep derivatives markets, volume-based fee discounts and a wide range of advanced trading products.

Pros and cons

Who is Bybit best for?

• Fiat purchases / First-time investors: Bybit is very suitable for beginners who want to buy crypto using familiar payment methods. Bank transfers, cards, third-party payment providers and P2P purchases give new users multiple ways to get started. Quick Convert and the Lite mobile mode also make basic crypto purchases easier.
• Long-term investing: Bybit can suit investors who plan to hold crypto while using additional earning features. Recurring buys allow users to make regular purchases, while airdrops, staking, and other earning products provide additional ways to grow their assets.
• Casual traders: Casual traders can stick to spot trading, Quick Convert and other straightforward features without using Bybit’s more advanced products. Demo trading, copy trading, recurring purchases and the Lite mobile mode also give less active users simpler ways to use the platform.
• Experienced traders: Bybit is perfectly suited for active and experienced traders. High liquidity and trading volume support frequent trading, while futures, options, margin, trading bots, copy trading, subaccounts and volume-based fee discounts provide tools for more demanding users.

Overall, Bybit is best for users who want a broad crypto exchange with both simple buying tools and advanced trading markets. Complete beginners may need some time to get comfortable with the large number of available features, while active traders can make better use of its liquidity, markets and advanced tools.

3. PAYMENTS – How to Deposit and Withdraw

Bybit supports several ways to fund an account with fiat, including bank transfers, payment cards and regional payment methods. Available options depend on the user’s country and the payment provider, so the exact methods and fees can vary depending on available payment methods.

Users can also buy crypto through third-party payment providers or the Bybit P2P marketplace. Crypto deposits are another option and do not incur a Bybit deposit fee, although blockchain fees can apply when withdrawing crypto.

Direct payments

Bybit supports direct fiat deposits through several payment methods. The main options include Visa and Mastercard, SEPA, and SWIFT, Google Pay and Apple Pay, along with regional bank transfers.

Other regional methods include Faster Payments for GBP, PIX for BRL and local bank transfer options such as iDeal in Netherlands and local bank transfers in United Arab Emirates.

Third party gateways

Bybit also integrates third-party payment providers. These 3rd party services cover any payment gaps, while still ensuring funds get deposited directly to your Bybit account. Available providers include ZEN, MoonPay, Banxa, and Mercuryo.

These services can support global payment methods such as Visa, Mastercard, SEPA, SWIFT, Apple Pay, Google Pay, PayPal and other local options. The third-party provider handles the fiat transaction, so fees, verification requirements and processing limits can differ from Bybit’s own services.

P2P market

Bybit’s P2P marketplace provides another way to buy and sell crypto using local payment methods. Users can select offers from other traders and compare prices before completing a transaction.

P2P trading can be useful when a preferred bank or payment method is not available through Bybit’s direct fiat services. In most cases Bybit does not charge any transaction fee to P2P buyers or sellers, although the selected payment provider may charge its own fee.

Users should still check the seller’s completion rate, trading history and payment details before completing a P2P transaction. P2P can be done in a safe manner, and Bybit’s service will ensure safety for all parties involved.

Fiat withdrawals

Fiat withdrawals are available for selected currencies and payment methods. Current supported routes include SEPA and ZEN for EUR, PIX for BRL, bank transfers for several local currencies, FPS and ZEN for GBP, and SWIFT for USD through eligible non-US banks.

Some withdrawal methods require the user to first make any deposit through the same payment method (as verification). Overall, withdrawal fees vary depending on the currency and payment method. The exact fee and expected processing time are displayed in Bybit’s withdrawal interface before the transaction is confirmed.

Crypto deposits and withdrawals

Crypto deposits are free on Bybit, meaning the exchange does not charge a fee for receiving supported cryptocurrencies on-chain.

Crypto withdrawals do carry a network-based withdrawal fee. Bybit has a different fee and minimum withdrawal amount for each coin and blockchain, with the details shown on the withdrawal screen before confirmation. The final cost depends on the asset and blockchain selected, but is always fully transparently displayed.

For stablecoins such as USDT and USDC, withdrawal fees can be particularly low on supported networks, with some routes available for $1 or less.

4. TRADING MARKETS – How to Trade Crypto on Bybit

Bybit offers a wide range of crypto markets, from standard spot trading to leveraged derivatives and options. The exchange has also expanded into on-chain markets and TradFi products, giving users access to far more than simple cryptocurrency buying and selling.

Spot

• Spot trading: Bybit supports more than 750 cryptocurrencies across a large selection of trading pairs. The platform offers strong liquidity and standard market and limit orders, along with conditional orders for more advanced strategies.
• Quick Convert: Quick Convert allows users to exchange supported assets without using the standard trading interface. It’s aimed at users who want a simpler way to swap between fiat and crypto or between different cryptos.
• Margin trading: Selected spot pairs can be traded with margin and leverage of up to 10x. Bybit supports both cross and isolated margin, while borrowing incurs interest that varies according to the asset and market conditions.

Derivatives

• Perpetual futures: Bybit is particularly well known for its derivatives markets. Perpetual contracts are available in USDT, USDC and inverse formats, with leverage reaching up to 100x on selected contracts.
• Options: Bybit offers crypto options, mainly covering Bitcoin and Ethereum alongside other major assets. The platform also provides options tied to major US stocks, with a simplified interface designed to make options trading easier to access.

TradFi

Bybit has expanded beyond crypto into several traditional financial markets. Depending on the user’s region and product availability, this includes CFDs, futures, options, and spot tokenized assets. Real stocks ownership like on traditional brokers is not available here.

The available TradFi products cover assets such as stocks, indices, forex, precious metals and commodities. In addition, a Pre-IPO market is available, allowing early purchasing of newly tradable stocks. In general, Bybit’s TradFi section has one of the most varied markets and trading instruments available on any crypto exchanges.

Other markets and features

• Demo trading: Users can practice trading with simulated funds before committing real capital. This is particularly useful for beginners learning how to trade.
• On-chain trading: Bybit provides access to on-chain tokens and token launches through its Web3 ecosystem. Users can connect to decentralized markets through the platform’s Web3 wallet.
• Pre-market: Bybit provides pre-market trading for selected assets before their standard spot-market launch. This allows users to trade certain tokens before regular spot trading begins.
• Copy trading: Users can follow experienced traders and copy their positions automatically on either crypto or tradfi assets. Performance data and trader leaderboards help users compare available strategies before choosing whom to follow.
• Trading bots: Automated trading strategies are supported including grid, Martingale and DCA bots. These can execute predefined trading strategies without requiring the user to place every order manually.
• Recurring buys: Recurring purchases allow users to automatically buy selected cryptocurrencies on a regular schedule. This can suit investors who prefer to build positions over time rather than making one large purchase.
• Subaccounts: Traders can create subaccounts to separate different strategies or trading activities under one main account.

Trading UI

Bybit’s trading interface is designed to accommodate both basic and advanced users. Multi-chart layouts, order books and trading panels can be moved and resized to allow a great deal of customization, while TradingView charting provides more detailed technical analysis tools.

Interface customization options are only accessible to logged-in users.

Available order types include market, limit, conditional, take-profit, stop-loss, TWAP and Iceberg orders. Traders can also use TradingView webhook signals, while one-way and hedge modes provide different ways to manage derivatives positions.

The mobile app offers both Pro and Lite modes. Lite is aimed at beginners who want a simpler interface, while Pro provides access to more advanced trading tools.

The entire user interface is translated into 13 languages (Arabic, Brazilian Portuguese, English, Filipino, Indonesian, Japanese, Kazakh, Portuguese, Russian, Spanish, Traditional Chinese, Ukrainian, and Vietnamese).

5. FEES for Crypto Trading

Bybit uses a competitive fee structure for both spot and derivatives trading. The standard spot maker and taker fee is 0.10%, which is among the industry’s cheapest exchanges. Perpetual futures and dated futures start at 0.02% for makers and 0.055% for takers, which are standard fee rates across the industry.

• Spot trading: 0.10% maker and 0.10% taker.
• Futures: 0.02% maker and 0.055% taker.
• Margin trading: 0.10% maker and taker, plus interest on borrowed funds.
• Crypto Options: 0.02% maker and 0.03% taker.
• TradFi Perp Options: 0.03% maker and taker¹.
• USDC pairs: Selected spot and derivatives pairs have lower fees, with spot taker fees of 0.050% and futures taker fees of 0.027%.

On Bybit EU, spot taker fees are 0.25%.

Bybit also uses VIP levels to reduce fees for users with higher trading volumes or larger asset balances. USDT spot taker fees fall from 0.10% at VIP 0 to 0.03% at Supreme VIP, while derivatives taker fees fall from 0.0550% to 0.0300%. Maker fees can fall as low as 0% for derivatives at Supreme VIP, but this is only relevant for whale traders.

On the other hand, everyone can easily receive a discount when paying trading fees with Bybit’s native MNT token. The discount is quite big, reducing 25% on spot fees and 10% on futures fees. An additional 10% fee discount can be available through a referral code, while USDC trading pairs can sometimes offer substantially lower taker fees than comparable USDT pairs.

Welcome rewards and signup bonuses

Bybit regularly offers signup promotions for new users. By using our code you can receive bonuses of up to $30,000, although the exact reward depends on deposit or trading tasks completed.

By completing a simple task of identity verification, a $100 deposit and a $10 trade you can receive $40 in fee vouchers and a $20 spot MNT airdrop. This results in substantial savings even for smaller accounts. Additional trading and referral activities can unlock further rewards.

Fee discount referral code

New users can use a Bybit referral code to receive an additional trading fee discount. Our special code “CEXFINDER” gives you a 10% trading fee discount for 30 days, which can be combined with the exchange’s other applicable fee reductions.

Using the code also increases new user welcome rewards to $30,000, and there’s absolutely no downside to using the code.

6. TOP FEATURES & Services

Bybit offers a broad set of trading, earning, and crypto services beyond basic spot trading. Its features cover active trading, passive income, Web3, payments, and token launches.

• Bybit Earn: Bybit Earn lets users earn returns on supported crypto assets. Products include flexible and fixed savings, staking, and structured products. Available structured products include Dual Asset, Double-Win, Discount Buy, Smart Leverage, and Liquidity Mining. Returns and availability vary by product and asset, but overall number of earning products is one of the best in the industry.
• Launchpad and Launchpool: Bybit Launchpad gives users access to selected new crypto projects and token launches. Users can participate in eligible token sales through the platform. On the other hand, Launchpool lets users briefly stake supported assets like USDT or MNT to earn free token rewards from selected projects. This gives existing Bybit users another way to earn new tokens.
• 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. Alpha market alongside on-chain trading also helps users purchase new on-chain assets without having to deal with complex setups. 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.
• Crypto ATM Card: 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 countries, including most of European Union, Brazil, Argentina, Mexico, and Australia. Best to check Bybit’s Card page² for up to date availability.
• Crypto Loans: Bybit provides crypto-backed loans for users who want to borrow against their digital assets. This can provide access to trading funds without having to sell long-term spot bags.
• TradFi and Tokenized Assets:  Through its integration with MT5 platform, Bybit TradFi lets customers trade gold, forex, indices, and stock CFDs. All of these can be traded with crypto assets, meaning you won’t need multiple platforms or fiat off-ramping to trade. The platform has tokenized spot assets suitable for long-term investing, and derivatives (Futures, Options and CFDs) for active trading.
• Crypto Tax Reports: Bybit has integration with Koinly, Cryptact, KoinX, Taxbit, and Crypto Tax Calculator (CTC), five different services that help you calculate crypto taxes automatically. Through the integration, you can generate accountant-endorsed reports that meet compliance requirements of tax authorities in nearly any country.

Due to local regulations, availability of some features depends on the user’s country. Spot is always accessible, but derivatives, staking or loans might not be.

These are just the features we wanted to highlight, but Bybit has even more to offer. The exchange is not just copying features from others, 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.

7. SAFETY & SECURITY

Bybit has some of the most advanced security measures designed to protect customer accounts and funds. As highlights, the exchange publishes Proof of Reserves and has obtained multiple regulatory approvals and licenses. Its security setup includes comprehensive account protection tools, withdrawal controls, identity verification, and risk management systems. The platform is overall considered as one of the safest in the industry.

Company info and history

Bybit has been operating since 2018. The exchange has one of the highest trading volumes in the industry and over 86 million users worldwide. It’s compliant with all relevant laws and regulations in nearly 200 countries it operates in. It’s not the most regulated exchange in the industry, but has multiple licenses and approvals in key countries and regions.

The company is headquartered in British Virgin Islands, a popular destination for crypto exchanges. However, it has a transparent corporate structure and ownership, and users can easily find more information about the CEO and other prominent employees.

Even the biggest platforms are not immune to issues. Last recorded hack in 2025 was major and resulted in a large amount of funds drained, but the exchange covered all losses from their company assets. Users did not lose any funds during this incident. No other major hacks or security incidents have been recorded before or since then.

Platform safety and security measures

Bybit publishes Proof of Reserves³ to show that customer assets are backed by reserves held by the exchange. This gives users an independent way to review the platform’s reported asset coverage. Customer funds are stored in multi-signature cold (offline) wallets, preventing and limiting potential losses from hacks. The exchange greatly improved their security protocols after the 2025 hack, so compromising cold wallets in the future is unlikely.

To further secure assets for institutional and professional clients, Bybit partners with Cactus Custody⁴, am institutional-grade custody arm of Matrix Port, which also has a $500 million insurance fund.

As an added bonus, an active bug bounty program⁵ is in place, ensuring bugs or exploits get reported and fixed. Bybit’s User Protection page⁶ has more detailed information about various platform security features.

Regulatory licenses and approvals

Bybit has obtained multiple regulatory approvals and licenses across different markets. It holds regulatory licenses in multiple countries, including Virtual Assets Regulatory Authority in Dubai and Virtual Asset Platform Operator in United Arab Emirates, Cyprus Securities and Exchange Commission, Astana Financial Services Authority in Kazakhstan, and VASP licenses in Georgia, Argentina, and Indonesia.

In Europe, the platform holds an EMI (Electronic Money Institution⁷) and full MiCA license from Austria, enabling the exchange to offer fully regulated crypto trading and payment services across EEA. As a result of regulatory requirements for European users, a separate locally compliant Bybit EU platform is available.

Supported countries and restrictions

Bybit is unavailable in several countries and territories. Current restrictions⁸ include Canada, China, Cuba, France, Hong Kong, Iran, Japan, North Korea, Singapore, Sudan, Syria, United Kingdom, United States, Uzbekistan, and several other countries.

Despite being fully licensed across EU, French customers are directed to Coinhouse, a regulated French custody partner⁹. New Japanese users have also been restricted from using Bybit since October 30, 2025¹⁰, while existing Japanese users can only withdraw¹¹. As of Oct 21, 2026¹², new users from United Kingdom are no longer accepted, and existing customers must withdraw assets. Customers from South Korea are supported, but Bybit’s policies do not allow marketing its availability to Koreans.

Customers in EEA (European Economic Area includes EU plus Iceland, Liechtenstein, and Norway) must use Bybit EU when registering for the platform. On Bybit.EU platform certain trading and financial services are restricted (such as loans, airdrops, etc.), but legal compliance is the upside. Despite not being intended for non-EEA residents, Bybit EU has a different set of country restrictions¹³, also including Afghanistan, Belarus, and Russia.

Keep in mind that Bybit requires identity verification (KYC) for all users who want to access its services. KYC only needs to be completed once, and takes just a few minutes. You need to submit a photo of your ID document, pass a quick liveness check, and upload any document containing your address. Approval typically takes from 10-20 minutes. Every regulated exchange has the same KYC requirement.

Customer support

If you need assistance, a very detailed and comprehensive help center has guides and tutorials about nearly every aspect of the exchange. If that doesn’t help, Bybit provides 24/7 customer support through live chat, tickets and email. The exchange provides support in multiple languages, including English, Spanish, Portuguese, Japanese, Arabic, Indonesian, Vietnamese, Russian, Ukrainian, and others.

Phone support is not widely available, so most users will need to rely on online support channels. Localized social media communities¹⁴ like Telegram channels are available in dozens of languages, and can be excellent for getting quick answers.

Account security

• Two-factor authentication: Adds an extra verification step when accessing or securing an account. Supports authenticator apps, email, SMS, and passkeys.
• Withdrawal security: Address book and withdrawal whitelists help protect funds when users make withdrawals, alongside special fund passwords as an added layer of security.
• Login notifications and device management: Users are immediately notified via email on every login, and device management helps detect any unauthorized devices attempting to access accounts.
• Anti-phishing codes: Simple but very helpful setting to help identify legitimate Bybit communications from scams.
• Account history and freeze: Users can review recent account activity to detect potential unauthorized access, and use the Account Freeze option to temporarily disable trading and withdrawals.

Overall, Bybit offers a very comprehensive set of account security controls, but users should still enable as many available protection methods as possible. To reduce risk further, crypto assets can always be withdrawn to any self-custody wallet.

Safety summary – Is Bybit safe or a scam?

Bybit is an established cryptocurrency exchange with a large user base, published Proof of Reserves, and regulatory approvals in multiple jurisdictions. Its security tools, partnerships, audits, and compliance measures provide multiple safeguards for customers.

Overall, Bybit is one of the world’s safest crypto exchanges due to all the reasons mentioned, and many more that we haven’t mentioned. 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.

8. Final Verdict – Is Bybit a Good Exchange?

Bybit is a strong choice for crypto traders who want a wide range of markets and advanced trading tools. It combines spot trading, derivatives, copy trading, trading bots, earning products, and Web3 services in one platform.

The exchange also offers competitive trading fees, deep liquidity, and a large selection of cryptocurrencies. Its Proof of Reserves and regulatory approvals provide additional reassurance for users concerned about exchange safety.

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.

Highlights:

• 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.

Recommended for:

Bybit is best suited to users who want more than basic cryptocurrency buying and selling. Its strongest advantages are its broad market selection, competitive fees, advanced trading tools, and range of additional crypto services. The platform can also work well for long-term users who want staking, recurring purchases, Launchpool, and Web3 tools.

At first glance, this trading platform can seem scary to new investors because of all the options. But, we always found Bybit to be intuitive and easy to use, providing a very pleasant trading or investing experience. Beginners can use the simpler interface and demo trading to get comfortable with investing, and explore the rest of the platform at their own pace.

Bybit is a safe and overall excellent top tier crypto trading platform suitable for any type of investor. For users in supported markets who want an exchange that can handle both simple and advanced crypto activity, Bybit is a strongly recommended option.

1. TradFi Perp Options fee schedule: https://announcements.bybit.com/en/article/important-tradfi-perp-options-fee-schedule–artd564f1c06260/ ↩︎
2. Bybit Mastercard: https://www.bybit.com/en/cards ↩︎
3. Proof of Reserves page: https://www.bybit.com/app/user/proof-of-reserve ↩︎
4. Bybit partners with Cactus Custody: https://announcements.bybit.com/en/article/bybit-partnership-with-cactus-bltd8e9b511939a8958/ ↩︎
5. Bug bounty program: https://hackerone.com/bybit_fintech ↩︎
6. User Protection page: https://www.bybit.com/en/promo/global/user-protection/ ↩︎
7. EMI license: https://www.bybit.com/en/press/post/bybiteu-expands-european-offering-as-bybit-payments-gmbh-secures-electronic-money-institution-licence-bba413046fdaa4421b9 ↩︎
8. Service restricted countries: https://www.bybit.com/en/help-center/article/Service-Restricted-Countries ↩︎
9. French users must transfer assets to Coinhouse: https://announcements.bybit.com/en/article/urgent-action-required-withdraw-your-assets-blt1cc27bcc231c3b4f/ ↩︎
10. Bybit pauses new user onboarding in Japan: https://www.bybit.com/en/press/post/bybit-to-pause-new-user-onboarding-in-japan-bltbaf4dd0c783b14f7 ↩︎
11. Service changes for Japanese residents: https://announcements.bybit.com/en/article/title-service-changes-for-japanese-residents-blt5e262029dc54ef2d/ ↩︎
12. Service changes for UK-registered users: https://announcements.bybit.com/en/article/important-notice-service-changes-for-uk-registered-users–art68a362e9acc7/ ↩︎
13. Bybit EU country restrictions: https://www.bybit.eu/en-EU/help-center/article/Service-Restricted-Countries ↩︎
14. Official social media communities: https://www.bybit.com/en/promo/global/communities/ ↩︎