ByBit

5/5

• Cryptocurrency Exchange

Exclusive Affiliate Code

EMATCH

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Key Metrics

Trading Fee 0.01%

24h Volume 17B

Security Rating 8/10

Exchange Types

Spot Perpetuals Futures Options

KYC Required Required

About ByBit

Supported Assets

Over 1,200 trading pairs, including Bitcoin, Ethereum, and emerging Altcoins

Pros & Cons

Pros

High Liquidity

Low fees

World Class VIP Program

Crypto Credit Cards

100

Score

Exchange Score

CEX with comprehensive trading features and strong market presence

Trustworthiness 85

Coin Diversity 94

Liquidity 97

Regulatory Compliance 91

User Experience 88

Overview

Bybit has emerged as a leading cryptocurrency exchange, serving over 60 million users globally from its Dubai headquarters. Renowned for its robust derivatives trading, Bybit also offers spot trading, margin trading, and advanced tools like trading bots and copy trading, making it ideal for both novice and seasoned traders. Bybit ensures diverse market access. Its ultra-fast matching engine processes up to 100,000 transactions per second, delivering seamless execution even during high volatility. Bybit’s competitive edge lies in its low fees—0.1% for spot trading and as low as 0.02% for futures, with VIP tiers offering further reductions. The platform’s intuitive interface, available on web and mobile (rated 4.7/5 on app stores), simplifies navigation, while features like demo trading and educational resources empower beginners. Security is a priority, with cold wallet storage, multi-signature protocols, and two-factor authentication ensuring user funds are protected. Bybit’s proof-of-reserves transparency and rapid recovery from a 2025 hack demonstrate its commitment to trust. Despite regulatory restrictions in countries like the US and UK, Bybit operates in over 195 jurisdictions, holding licenses in Dubai, the EU, and India. Its 24/7 customer support, though occasionally slow during peak times, is responsive across live chat and email. For traders seeking high leverage (up to 125x), automation, and a secure, feature-rich platform, Bybit stands out as a top choice in 2025. Join Bybit today to unlock up to $30,050 in rewards and trade with confidence

Key Features

1. Leveraged Trading

Bybit continues to provide high-leverage trading options, allowing users to amplify their positions with up to 100x leverage on select derivatives contracts.

2. Perpetual Futures Contracts

The exchange specializes in perpetual futures contracts, which allow traders to speculate on cryptocurrency prices without an expiration date. Bybit offers deep liquidity, ensuring seamless order execution even during volatile market conditions.

3. Advanced Trading Tools

Bybit has introduced AI-powered trading analytics, automated trading bots, and customizable risk management features to enhance user experience. These tools help traders make informed decisions and optimize their strategies.

4. Proof of Reserves & Security

Security remains a top priority for Bybit. The platform now provides real-time proof of reserves, ensuring transparency and user fund protection. Additionally, Bybit employs multi-layer security protocols, including cold storage for assets, multi-factor authentication, and anti-phishing measures.

5. Web3 & DeFi Integration

Bybit has expanded its ecosystem to support Web3 applications, allowing users to access decentralized finance (DeFi) services, stake assets, and participate in on-chain governance directly from the exchange.

6. Global Accessibility & Compliance

Bybit has strengthened its regulatory compliance, securing licenses in multiple jurisdictions to ensure global accessibility while adhering to strict financial regulations.

Trading Fees

Bybit follows a tiered fee structure, offering competitive rates for spot trading, perpetual contracts, and options trading. Fees vary based on VIP levels, which are determined by asset balance or 30-day trading volume.

Spot Trading Fees

VIP 0 (Standard Users): 0.10% maker & taker fee
VIP 1: 0.08% maker & 0.0675% taker fee
VIP 3: 0.075% maker & 0.0625% taker fee
Supreme VIP: 0.045% maker & 0.03% taker fee

Perpetual & Futures Contracts Fees

VIP 0: 0.055% taker & 0.02% maker fee
VIP 3: 0.035% taker & 0.014% maker fee
Pro 5: 0.021% taker & 0.000% maker fee

Options Trading Fees

VIP 0: 0.03% taker & 0.02% maker fee
VIP 3: 0.02% taker & 0.015% maker fee
Pro 6: 0.015% taker & 0.000% maker fee

History

Bybit was founded in 2018 by Ben Zhou, an entrepreneur from Singapore, with the goal of creating a user-friendly cryptocurrency derivatives exchange. Initially headquartered in Singapore, Bybit quickly gained traction among traders due to its high-leverage trading options and advanced trading tools.

Major Milestones

2022 – Bybit relocated its headquarters to Dubai, United Arab Emirates, to align with the region’s growing crypto-friendly regulations.
2023 – The exchange faced legal challenges when the FTX bankruptcy estate sued Bybit for nearly $1 billion, alleging preferential withdrawals during FTX’s collapse. Bybit settled the case in October 2024, paying $228 million.
2025 – In February 2025, Bybit suffered the largest cryptocurrency exchange hack in history, losing $1.5 billion in Ethereum due to vulnerabilities in its multi-signature wallet system. The exchange replenished its reserves within 72 hours with emergency funding from Galaxy Digital, FalconX, and Wintermute2.

Despite challenges, Bybit remains the second-largest cryptocurrency exchange globally, continuing to expand its Web3 ecosystem, enhance security measures, and refine its derivatives trading offerings

Frequently Asked Questions

Does Bybit Allow US traders?

The exchange does not allow US Citizens to trade on its platform for regulatory reasons. This rule is enforced by I.P. verification, where traders with a US I.P. address will not be able to trade. It is possible to trade on the exchange without KYC (passport verification) verification. Does Bybit require KYC?

Currently, Bybit does not require a passport or ID verification to trade on the exchange. There are currently no withdrawal limits. However, not completing the KYC procedures when using a cryptocurrency exchange carries risks. This is because if the exchange is hacked or it collapses, there would be no way of identifying and proving what funds you had there, which would make recovery extremely difficult, if not impossible.

Exchange Score

Bybit Review 2025: Comprehensive Analysis

Overview

Bybit, founded in 2018 and headquartered in Dubai, ranks as the second-largest crypto exchange by trading volume, serving over 70 million users globally. Specializing in derivatives, it offers perpetual futures with up to 100x leverage, spot trading for 280+ cryptocurrencies, and innovative tools like copy trading and AI analytics. In 2025, Bybit emphasizes trust, liquidity, and Web3 integration, navigating regulatory landscapes with licenses in the EU (MiCA), Dubai (VARA), and others.

Features and Services

Bybit excels in derivatives: USDT-margined and inverse perpetuals, options, and quarterly futures across 600+ contracts. Spot trading supports 450+ pairs with deep liquidity ($15B daily futures volume). Additional offerings include Bybit Earn for staking/savings, Launchpool for new tokens, NFT marketplace, and the Bybit Card for crypto-to-fiat spending. Trading bots (grid, DCA) and MT5 integration for Forex enhance automation. P2P trading supports 800+ payment methods, though scam risks persist. Recent launches like WSOT 2025 with a 10M USDT prize pool and Solana-based events underscore community engagement.

Fees and Assets

Fees are competitive: 0.1% spot (maker/taker), reducible to 0.005% for VIPs; futures at 0.01% maker/0.06% taker. Deposits are free; withdrawals vary (e.g., 0.0005 BTC). Supports major fiats via bank transfers and cards. Assets include BTC, ETH, SHIB (with 2.94T holdings disclosed), and altcoins on networks like Solana.

Security and Regulation

Bybit employs cold storage, 2FA, and Proof of Reserves via Merkle Trees. In February 2025, it suffered a $1.5B hack by North Korea's Lazarus Group, the largest in crypto history, but replenished funds within 72 hours, ensuring no user losses. Post-hack, nine audits and enhanced measures bolstered security. KYC is required for full features; unavailable in the U.S. and restricted in France/Netherlands.

User Experience

The interface integrates TradingView, suiting pros but steep for beginners. Mobile app (4.7/5 rating) offers seamless trading. Support via 24/7 chat; Trustpilot scores 3.4/5, with praise for fairness but complaints on delays.

Pros and Cons

Pros: Low fees, high leverage, robust derivatives, strong recovery from hack, innovative Web3 focus. Cons: Beginner complexity, regulatory gaps, P2P risks.

Compared to Binance, Bybit shines in derivatives liquidity; versus Coinbase, it's more advanced but less beginner-friendly.

Verdict

In August 2025, Bybit remains a powerhouse for derivatives traders, with resilient security and forward-looking initiatives like USDT yields and EU expansions. Ideal for experienced users seeking efficiency and innovation, despite past challenges. (428 words)

Exchange Statistics

bybit

Last updated: 2026-01-12 06:55:02

Bybit

British Virgin Islands • Est. 2018

10/10

Trust Score

💰

24h Trading Volume

₿16,598.92

≈ $1,078,930,073 USD

🔄

Available Trading Pairs

100

Active Markets

🏆

Market Ranking

Global Rank

💸 Trading Fees

Maker Fee0.25%

Taker Fee0.25%

📊 Market Data

Typical Spread0.05-0.15%

LiquidityHigh

Exchange Videos

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Company Info

Founded 2018

Headquarters UAE

Type Cryptocurrency Exchange

Eligibility Notice

Restricted Countries:

Residents may have restrictions:

United States Canada Mainland China Iran Singapore North Korea Cuba Uzbekistan Syria

Please verify your local regulations.

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