Arjun  Mandal

Writer:

Arjun Mandal
Rajesh  Sharma

Reviewer:

Rajesh Sharma
Nino  Gogochashvili

Fact checker:

Nino Gogochashvili
Modified:

Bybit Review 2025

Bybit Review 2025
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Your Capital is at risk.
Company:ByBit
Headquarter:

Dubai

Founded:2018
Coins:1300
US Accepted:
Max Leverage:1:100
Copy TradingTradegptCrypto LoanSavingsCrypto CardTrading Bot

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
Founded by “Ben Zhou” in 2018, Bybit exchange has 12 user levels. It allows people to trade with only $1 and use 100x leverage in futures and margin markets. Copy Trading, Tradegpt, Savings, Crypto Loan, Trading Bot, and Crypto Cards are some of the features of this exchange.
Contact
One Central Offices 4, Dubai, 10 Floor, Office 4
Rank and Score
Pros and Cons
User Levels
Pros
Competitive Fees
Powerful Copy trading System
Integration With TradingView
Support Futures and Perpetual Contracts
1:100 Leverage
Demo Trading
Supports NFT Trading
Fiat Deposit Available
Advanced Educational Materials
Cons
High Risk Due To 100x Leverage
May Be Overwhelming for Beginners
Not Available in the US
Regulatory Uncertainty in Some Jurisdictions
score of blog
4.7 From 5.0
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Rate this post
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Over 35000 users trade 1300 currencies in Bybit. This Singapore-based exchange has gone beyond $14 billion trading volumes! Bybit headquarters is in Dubai and they are regulated by Hong Kong (VATP), Dubai (VARA) and British Virgin Islands (BVIFSC).

Bybit Company Information & Regulation

Bybit
Bybit is a crypto exchange that launched in 2018

Bybit was established in March 2018, and its first office was in Singapore. The company was founded by “Ben Zhou”, who brings extensive experience from the forex industry to the new market of cryptocurrency. Bybit's head office is located in Dubai (UAE), with additional offices in Mainland China, Singapore, and Canada.

Bybit introduces itself as a “regulated cryptocurrency exchange” and they have gained a license from different jurisdictions, including:

  • Hong Kong (VATP)
  • Dubai (VARA)
  • British Virgin Islands (BVIFSC)

While Bybit crypto exchange is not yet regulated by major financial authorities, the company has shown a commitment to compliance and user protection. Ben Zhou, Bybit’s CEO, says about it:

“At Bybit, we wholeheartedly support the regulatory objective of building a cryptocurrency industry that is both compliant, secure, and transparent, ultimately benefiting all those seeking financial freedom.”

Bybit CEO

Ben Zhou, co-founder and CEO of Bybit, has led the exchange since 2018, growing it into a top-three global crypto trading platform by volume.

His expertise blends traditional finance experience with deep insights into compliance, regulation, and emerging blockchain trends.

  • Founded Bybit in 2018, now a top-three exchange
  • Strong focus on compliance, transparency, and user protection
  • Licensed in multiple jurisdictions worldwide
  • Expertise spans liquidity, institutional capital, and Web3 gaming
  • Recognized for building a resilient, globally trusted crypto platform
Bybit Exchange CEO
Bybit CEO, Ben Zhou

Bybit Exchange Summary of Specifications

Bybit is a popular cryptocurrency derivatives exchange that offers a range of trading products, including perpetual contracts, futures market, and spot trading. The platform is recognized for its advanced trading features, including up to 100x leverage.

Bybit supports more than 1300 currencies, including major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Additionally, you can find more information in the table below.

Exchange

Bybit

Launch Date

2018

Levels

12

Trading Fees

Varies Based on Level

Supported Coins

1300+

Futures Trading

Yes

Minimum Deposit

Varies Based on Cryptocurrencies

Deposit Methods

Crypto, Bank Wire, Paypal, Visa, Mastercard, Apple Pay, Google Pay

Withdrawal Methods

Crypto, Bank Wire, Paypal, Visa, Mastercard, Apple Pay, Google Pay

Maximum Leverage

100x

Minimum Trade Amount

$1

Security Factors

Two-Factor Authentication, Cold Storage, Encryption Protocols

Services

Copy Trading, Tradegpt, Savings, Crypto Loan, Trading Bot, Crypto Card

Customer Support Ways

Email, Ticket, Live Chat, Faq, Forum

Customer Support Hours

24/7

Fiat Deposit

Yes

Affiliate Program

Yes

Orders Execution

Limit Order, Market Order

Native Token

-

Restricted Countries

Uk, Usa, Mainland China, Hong Kong, Singapore, North Korea, Cuba, Iran, Uzbekistan, Russian-Controlled Parts of Ukraine, Syria, Yemen.

Pros and Cons

Bybit is known for providing up to 100x leverage on cryptocurrency trades, catering primarily to experienced traders. But is it suitable for trade? Find the answer in the Bybit pros and cons:

Pros

Cons

Competitive Fees

High Risk Due To 100x Leverage

Powerful Copy trading System

May Be Overwhelming for Beginners

Integration With TradingView

Not Available in the US

Support Futures and Perpetual Contracts

Regulatory Uncertainty in Some Jurisdictions

1:100 Leverage

-

Demo Trading

-

Supports NFT Trading

-

Fiat Deposit Available

-

Advanced Educational Materials

-

Overall, Bybit is well-suited for experienced cryptocurrency traders outside the US who want to utilize advanced trading tools and leverage. However, it may not be the best choice for beginners or those seeking a straightforward spot trading platform.

Bybit Exchange Fees and Commissions

ByBit Fees
Bybit fees is based on user level

This exchange offers a tiered fee structure based on user levels and trading volume. In spot trading, fees are from 0.0150% to 0.1000%, but what about futures or Perpetual?!

Level

Spot taker

Spot Maker

Futures/Perpetual Taker

Futures/Perpetual Maker

VIP 0

0.1000%

0.1000%

0.0550%

0.0200%

VIP 1

0.0800%

0.0675%

0.0400%

0.0180%

VIP 2

0.0775%

0.0650%

0.0375%

0.0160%

VIP 3

0.0750%

0.0625%

0.0350%

0.0140%

VIP 4

0.0600%

0.0500%

0.0320%

0.0120%

VIP 5

0.0500%

0.0400%

0.0320%

0.0100%

Supreme VIP

0.0450%

0.0300%

0.0300%

0.0000%

Pro 1

0.0600%

0.0400%

0.0320%

0.0100%

Pro 2

0.0500%

0.0300%

0.0320%

0.0050%

Pro 3

0.0450%

0.0200%

0.0300%

0.0000%

Pro 4

0.0400%

0.0200%

0.0275%

0.0000%

Pro 5

0.0150%

0.0050%

0.0250%

0.0000%

User Levels

Bybit categorizes users into different levels based on their 30-day trading, and it has 12 levels. Higher VIP levels offer lower fees and additional benefits. Bybit user levels:

Level

30-Day Trading Volume (USD)

VIP 0 (Non-VIP)

≥550,000

VIP 1

≥1,000,000

VIP 2

≥2,500,000

VIP 3

≥5,000,000

VIP 4

≥10,000,000

VIP 5

≥25,000,000

Supreme VIP

≥50,000,000

Pro 1

≥10,000,000

Pro 2

≥25,000,000

Pro 3

≥50,000,000

Pro 4

≥75,000,000

Pro 5

≥100,000,000

Also, Bybit enforces a two-tier KYC system to ensure compliance and enhance account security:

  • Level 1 verification is mandatory for all users, granting access to basic features and a daily withdrawal limit of up to 1 million USDT. However, it excludes privileges like access to the Bybit Card;
  • Level 2 verification unlocks the full suite of platform features, including the Bybit Card and a higher withdrawal cap of 2 million USDT per day.

Which Assets and Tokens Are Available for Trading on Bybit Exchange?

Bybit offers a diverse range of cryptocurrencies and over 1,300 tokens currently. The exchange supports both major cryptocurrencies and a selection of other digital assets.

  • Major Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP
  • DeFi Tokens: Uniswap (UNI), Chainlink (LINK), Aave (AAVE)
  • Layer 1 Protocols: Solana (SOL), Cardano (ADA), Polkadot (DOT)
  • Meme Coins: Dogecoin (DOGE), Shiba Inu (SHIB)
  • Stablecoins: Tether (USDT), USD Coin (USDC)

ByBit coins listThere are more than 1300 token available to trade

This exchange regularly adds new tokens to its platform, and besides that, you can request that they list a new token.

Futures and Margin Trading in Bybit Exchange

Bybit has established itself as a leading platform for futures and margin trading in the cryptocurrency space.

The exchange offers a range of features and tools designed to cater to both novice and experienced traders. Key aspects of futures and margin trading on Bybit:

  • Leverage: Bybit offers leverage up to 100x on certain trading pairs, allowing traders to amplify their potential profits (and losses);
  • Contract Types: The platform supports both inverse and USDT-margined perpetual contracts, providing flexibility in trading strategies;
  • Risk Management: Bybit implements a sophisticated risk management system, including a dual-price mechanism to prevent market manipulation and a robust liquidation engine to protect traders;
  • Order Types: Traders can utilize various order types, including limit, market, conditional, and stop-loss orders, to execute their strategies effectively;
  • Cross and Isolated Margin: Bybit allows traders to choose between cross margin and isolated margin modes, offering flexibility in risk management;
  • Funding Rate: The exchange employs a funding rate mechanism to maintain the perpetual contract price in alignment with the spot price.

ByBit FuturesMaximum leverage for futures trading in this exchange is 1:100

How to Open an Account and Verify Identity in Bybit Exchange?

Opening an account and verifying your identity on Bybit is easier than it might look. The Bybit sign-up process is explained in the following sections.

#1 Start from the Official Registration Page

Visit ByBit’s official site and click “Open an Account” to access the sign-up form directly.

#2 Complete the Sign-Up Form

  • Input your email or mobile number;
  • Set a strong password;
  • (Optional) Add a referral code to receive rewards;
  • Accept the terms of service;
  • You can also register instantly using Google, Apple, or Telegram.
Bybit signup
Bybit registration form asking for an email address

#3 Verify Your Email & Enter the Dashboard

  • Check your inbox for a 6-digit verification code;
Bybit OTC
The OTC sent to your email for registering with Bybit
  • Enter the code in the designated field;
Bybit Email Verification
Bybit exchange requires email verification for new clients
  • You’ll be redirected to your ByBit trading dashboard instantly.

To unlock full access, including deposits, trading, and P2P transactions, users must complete the three-step Bybit verification process. This ensures compliance, security, and higher withdrawal limits.

#4 Country Selection

Log into the Bybit dashboard and click "Verify Now". Choose your country of residence and confirm to begin the identity check.

Bybit verification
Click to initiate the Bybit KYC procedure

#5 ID Submission & Selfie

Upload one valid document, such as:

  • ID card
  • Passport
  • Driver’s license
  • Residence permit
Bybit KYC documents
Accepted ID documents on Bybit exchange

Then, complete a live selfie capture for identity verification.

Bybit liveness check
Bybit runs a liveness check to verify user's identity

#6 Proof of Address

Provide an official document issued within the last three months, such as a bank statement, utility bill, tax return, or residence certificate. Unsupported files like screenshots or phone bills are rejected.

Bybit Address Verification
Bybit requires proof of address for advanced verification

Once approved, the Bybit account becomes fully active, enabling secure trading and seamless access to all exchange features.

The verification process may vary depending on your country of residence and the level of verification you're seeking, but usually it’s done in 1-3 days.

How to Trade on Bybit?

Bybit’s Spot Trading allows you to buy and sell assets instantly with flexible order options. You can trade supported pairs, track live prices, and even use Spot Margin for leveraged positions.

#1 Selecting Trading Pairs

On the Spot page, hover over the dropdown beside the current pair to view all supported Spot pairs with price and 24h change data.

Use the search bar to quickly find your desired pair. A 10x label indicates availability in Spot Margin Trading.

Bybit Trading interface
Spot trading on Bybit exchange

#2 Placing an Order

Set up a buy or sell order with different order types suited to your trading strategy.

  1. Switch to the Spot tab and select Buy or Sell;
  2. Enter the order value or quantity. Bybit supports Market, Limit, and Conditional Orders, with Market Orders set by value (buy) or quantity (sell);
  3. Confirm details in the pop-up window, then click Buy or Sell.
Bybit Order Types
Bybit supports various orders, including Limit, Market, TP/SL

#3 Tracking and Managing Orders

Monitor and adjust open or past trades directly from your Spot Trading dashboard.

  • View open trades under "Current Orders" or past activity in "Order/Trade History" (up to six months);
  • Edit price, trigger level, or size by clicking the pencil icon;
  • Cancel individual or all active orders directly from the "Current Orders" tab.
Bybit Order History
Check all of your open and closed trades on Bybit

Bybit Client Dashboard

The Bybit Client Dashboard is designed to provide traders with seamless access to account management, trading preferences, rewards, and compliance tools.

Each tab offers specific features, ensuring efficient navigation, transparent trading, and advanced security for all users.

Overview (Bybit Dashboard)

The Overview tab gives users a quick snapshot of account status, verification progress, and overall portfolio balance. It serves as the entry point for monitoring account security and initiating KYC processes.

  • View verification status;
  • Track portfolio balance;
  • Access asset summary;
  • Quick links to security setup.
Bybit account overview
Quick snapshot of Bybit account activity

Account (Bybit Dashboard)

TheAccount tab provides detailed information about personal settings, identity verification, and account security. It is central for enabling compliance and strengthening safety with multi-factor authentication.

  • Manage personal info;
  • Complete KYC verification;
  • Set up Google 2FA;
  • Export account data.
Bybit account settings
Manage identity, security, and KYC through the Bybit dashboard

Rewards Hub (Bybit Dashboard)

The Rewards Hub tab allows users to explore ongoing bonuses, promotions, and loyalty benefits. Traders can track their reward history and activate promotions to maximize trading efficiency.

  • Access bonuses and fee savers;
  • Participate in airdrops;
  • Track expired or active rewards;
  • Redeem special promotions.

Referral Program (Bybit Dashboard)

The Referral Program tab empowers users to invite friends and earn crypto rewards. Bybit’s structured referral system benefits both the inviter and the referee with trading fee discounts and bonus earnings.

  • Generate referral links;
  • Track invited users;
  • Monitor earned rewards;
  • Access referral terms.

Preference Settings (Bybit Dashboard)

The Preference Settings tab helps customize the trading experience. From currency display to notification alerts, it allows traders to tailor their platform setup for optimal performance.

  • Select display currency;
  • Enable trade confirmations;
  • Manage notification alerts;
  • Configure email subscriptions.
Bybit preference settings
Customize trading and notifications easily on the Bybit client cabinet

Subaccount (Bybit Dashboard)

The Subaccount tab enables users to create and manage multiple accounts under one main profile. This is ideal for strategy diversification and team trading.

  • Create subaccounts;
  • Manage user permissions;
  • Monitor equity per account;
  • Switch seamlessly between accounts.

API (Bybit Dashboard)

The API tab provides powerful integration for automated trading and market data access. Traders and developers can generate secure API keys to connect bots or external platforms.

  • Generate up to 20 keys;
  • Add IP restrictions;
  • Connect bots and tools;
  • Manage API permissions.
Bybit API management
Bybit provides API access as secure integrations for automated trading

My Fee Rates (Bybit Dashboard)

The My Fee Rates tab outlines transparent spot, derivatives, and options trading fees. Bybit also provides opportunities for reduced fees through higher VIP tiers.

  • Spot and derivatives fees
  • Options trading rates
  • Fiat trading fees
  • VIP level fee benefits

Audit (Bybit Dashboard)

The Audit tab ensures transparency with Proof of Reserves reports. Bybit regularly publishes third-party verified audits, giving traders confidence in fund safety.

  • View proof of reserves;
  • Access detailed reports;
  • Track historical audits;
  • Confirm fund transparency.
Bybit proof of reserves
Bybit offers verified transparency through audit reports

Bybit Exchange Applications and Platforms

Unlike many crypto exchanges, Bybit supports MetaTrader 4, and because of that, you can trade on Bybit via 3 apps, such as:

  • Metatrader 4
  • Bybit exclusive application

Bybit MetaTrader 4

MetaTrader 4 is one of the greatest trading applications that launched in 2005, and it’s almost 20 years old!

ByBit Metatrader 4
Metatrader 4 is available for trade in Bybit

You can download it with the links below:

TradingFinder has developed a wide range of MT4 indicators that you can use for free.

Bybit Application

Bybit launched its exclusive application in 2019, and it contains all the things you need! The Bybit app is downloadable for iOS and Android.

Bybit Trading Volume

Bybit’s trade volume over the past three months (June - August 2025) highlights strong market activity and liquidity.

The exchange has consistently recorded billions in daily transactions, reflecting its position among the top global crypto exchanges trusted by retail and institutional traders.

  • Daily trade volume fluctuates between $2B and $7B;
  • Peak activity observed in mid-July and mid-August;
  • Strong recovery trends after brief dips in August;
  • Maintains high liquidity across major trading pairs.
Bybit 3-month trade volume
Bybit daily trading peaked at $7B in August, according to CoinGecko

Bybit Services

Bybit offers a wide range of cryptocurrency services designed for both retail and institutional traders.

From advanced TradingView charting tools to an NFT marketplace and seamless trading features, the platform combines innovation with accessibility, enabling users to explore, invest, and diversify with confidence.

TradingView Integration

Yes

Auto Trading (Bots)

Yes

API Access

Yes

P2P Trading

Yes

OTC Trading

Yes

Demo Account

Yes

Launchpad

Yes

NFT Marketplace

Yes

Referral Program

Yes

DEX

Yes

Auto-Invest (Recurring Buy)

Yes

Is Bybit Exchange Safe for Your Funds?

Bybit has implemented robust security measures to protect user funds and data:

  • Strong encryption protocols (SSL/TLS, AES) to secure data transmission and storage
  • Multi-factor authentication options, including Google Authenticator and SMS-based 2FA
  • Cold storage for the majority of digital assets, with offline cold wallets and hardware security modules
  • Regular security audits and penetration testing by independent third-party firms
  • Bug bounty program to incentivize the discovery and responsible disclosure of vulnerabilities

SecurityBybit uses 5 measurements to guarantee users' security

Bybit has also established a good reputation and track record in the industry:

  • Recognized by industry organizations and publications for its innovative products and services
  • Publicly shares security audit reports to demonstrate transparency
  • Maintains licensing and registrations with regularities like VARA
  • Adheres to AML/KYC policies and other compliance requirements

Bybit Security Rankings

The exchange demonstrates strong security standards with high ratings across independent platforms. It maintains AA security ratings, proving its commitment to compliance, penetration testing, and user protection.

Bybit security rankings on CER.live
Bybit is placed 21st in the CER.live security rankings

The Bybit CER.live profile has a score of 88/100, excelling in server security and bug bounty initiatives, though CCSS compliance is absent.

Category

Metric

Value

CertiK Skynet Score

Overall Score

88.32% (AA)

Operational

92.99%

Market

93.44%

Cybersecurity

90.20%

Fundamental

82.29%

Listing Security

86.27%

Community

84.68%

CER.live Security Score

Overall Score

88% (AA)

Server Security

92%

User Security

92%

Penetration Tests

100%

Bug Bounty

100%

ISO 27001

Yes

CCSS

No

Funds Insurance

Yes

Withdrawal and Deposit Methods

Bybit offers various methods for withdrawing and depositing funds, catering to different user preferences and geographical locations.

As an example, you can deposit and withdraw with PayPal, but it’s not available in some regions. Bybit Withdrawal and deposit methods:

How to Deposit on Bybit

The exchange supports multiple deposit methods, enabling users to fund accounts with crypto or fiat for seamless trading access.

Crypto Deposits on Bybit

Deposit supported cryptocurrencies directly from an external crypto wallet through blockchain transactions.

  • Always use the correct coin and chain listed on Bybit’s asset page;
  • Respect minimum deposit amounts and follow rules for smart contract deposits;
  • For tokens requiring a memo/tag (e.g., XRP, EOS, TON), ensure accurate input to avoid asset loss.
Bybit Crypto Deposit
Funding a Bybit account via cryptocurrencies

Bybit Tether TRC20 Deposit

The exchange allows instant USDT fundingwith zero fees, no minimum requirement, and crediting within minutes after network confirmations. Bybit TRC20 deposit steps:

#1 Access Wallet Funding

Open the "Deposit" section from the top navigation bar to start your TRC20 wallet funding process.

  1. Navigate to "Deposit" on the Bybit dashboard;
  2. Select the funding option to open the wallet interface.
Bybit Crypto Funding
Click Deposit to access the Bybit wallet
#2 Choose Coin, Network & Get Address

Select "USDT" and choose "TRC20" as the network to generate your wallet details.

  1. Copy the wallet address or scan the QR code;
  2. Select your destination from "Funding Account" or "Unified Trading Account";
  3. Send USDT from your external wallet to the generated TRC20 address.
Bybit Crypto Deposit Form
Select digital asset, blockchain network, and the amount to deposit on Bybit
#3 Track Transaction Confirmation

Monitor your transfer in the "Assets" menu, then the "History" section of your selected account.

  • View real-time status and confirmations;
  • Bybit requires 20 confirmations on the Tron blockchain before funds are finalized.
Bybit Transaction History
Bybit lists all of the transactions on your account

Note: TRC20 deposits typically appear within 5 minutes. For other funding options, such as Bybit ERC20 deposits or fiat methods, the processing times differ.

Bybit One-Click Buy

Quickly purchase crypto with fiat via several convenient payment channels, including:

  • Bank Card: Link your card (Visa/Mastercard) or pay through Google Pay/Apple Pay for instant purchases;
  • Third-Party Providers: Use Bybit’s partners after completing required KYC; supported currencies vary by provider;
  • Fiat Balance: After making a fiat deposit, use your balance to buy crypto with 2FA verification enabled.

Bybit Fiat Deposit

Fund your account with supported fiat currencies for direct purchases on Bybit.

  • Go to the "Buy Crypto" tab and then "Fiat Deposit" to transfer funds;
  • Deposited fiat is credited to your Funding Account and usable anytime for crypto purchases.

P2P Trading on Bybit

Trade directly with peers using a secure peer-to-peer platform and zero transaction fees.

  • Over 60 payment methods supported across multiple fiat currencies;
  • Choose verified buyers/sellers based on preferred payment method and currency;
  • Start from the "Buy Crypto" tab and then "P2P Trading" to buy or sell crypto instantly.

How to Withdraw Funds on Bybit

The exchange supports on-chain crypto withdrawals and fiat currency withdrawals through multiple secure payment methods, depending on your region and account level.

Bybit On-Chain Withdrawal

Withdraw cryptocurrencies from your Bybit Funding Account to an external wallet using blockchain transactions.

  1. Go to "Assets", then "Funding Account", and finally "Withdraw". Select the coin and ensure funds are in the Funding Account;
  2. Enter or select a registered wallet address; add new addresses via the Withdrawal Address Book;
  3. Choose the blockchain network, review fees, and check minimum withdrawal limits;
  4. Input the withdrawal amount or select "All"; review your remaining daily/monthly limits;
  5. Confirm details, then proceed with email verification and Google 2FA (unless using whitelisted addresses);
  6. Enter the codes received, then click "Submit". Withdrawal confirmation time depends on network traffic.
Bybit Crypto Withdrawal
Bybit crypto withdrawal form

Fiat Withdrawal on Bybit

Withdraw supported fiat currencies via bank transfers or third-party providers linked to your verified account.

  1. Navigate to "Buy Crypto", "Fiat Deposit", and "Fiat Withdrawal" or use the "Funding Account" option and then select "Withdraw";
  2. Select the currency, enter the withdrawal amount, and choose your payment method;
  3. Ensure the bank account matches yourIdentity Verification (KYC) name; some methods require a first fiat deposit;
  4. Review withdrawal details and click "Continue"; submit Email + Google 2FA codes to confirm;
  5. Once approved, funds are processed by the provider. Arrival time may range from minutes to 7–14 business days;
  6. Track withdrawal history under "Fiat Withdrawal" from the "Orders" tab or the Funding Account history.
Bybit fiat withdrawal
Bybit supports various fiat currencies, including BRL, EUR, GBP, TRY, PLN, and USD, among others

Bybit Exchange Trust Scores

Bybit is one of the best crypto exchanges, and how do we find out about it? When you check its trust scores on different platforms such as Trustpilot and CoinMarketCap.

  • Bybit Trustpilot: 3.4 out of 5 based on 6,370 comments
  • CoinGecko: 10/10
  • TrustFinance: 3.77 out of 5
  • Coinmarketcap: 7.6/10
Bybit Trustpilot
Bybit Trustpilot ratings and reviews

Bybit Features

This part of the review demonstrates the most notable additional products offered by the exchange:

Crypto Staking

No

Yield Farming

Yes

Social Trading

Yes

Launchpool

No

Crypto Cards

Yes

Bybit Promotions

The exchange offers traders and influencers a wide range of promotions, from welcome bonuses to referral rewards and affiliate commissions.

These campaigns provide opportunities to maximize earnings, attract new users, and build long-term engagement within the Bybit ecosystem.

Promotion Type

Bonus / Reward

Requirements

Additional Benefits

Rewards Hub

Up to 100 USDT + event rewards

KYC Lv.1, deposit ≥ $100, trading milestones

Airdrops, lucky draws, APR boosters

Referral

Up to 1,720 USDT + 30% fees

Invite friends, referees deposit/trade

Mystery boxes, card rewards, copy trading bonuses

Affiliate

Up to 50% commission

Apply, share affiliate link, bring new users

1:1 account manager, global events

Bybit Rewards Hub

The Rewards Hub is a central portal for new user gifts, airdrops, trading tasks, and event rewards. It provides flexible opportunities to earn crypto by completing milestones and joining exclusive promotions.

  • Welcome gifts up to 100 USDT with deposits and trading
  • Event-based airdrops including ZORA, BDXN, and FLOCK tokens
  • Lucky draws and APR boosters for stakers and active traders
Bybit Rewards Hub
The Bybit Rewards Hub offers new user gifts, token airdrops, APR boosters, and event-based bonuses

Bybit Referral Program

The Referral Program lets users earn alongside their friends. With multiple tiers, participants enjoy direct bonuses, trading commissions, and mystery boxes for high-volume activity.

  • Up to $1,720 rewards per invite
  • 30% trading fee commission share on referees
  • Bonuses for deposits, fiat onboarding, and copy trading invites
Bybit Referral Program
Bybit’s Referral Program rewards both referrer and referee with cash bonuses

Bybit Affiliate Program

The Affiliate Program is designed for influencers and professionals aiming to monetize their reach. Affiliates receive world-class support, daily payouts, and exclusive invitations to global networking events.

  • Up to 50% revenue share + 10% extra if referrals become affiliates
  • Dedicated account manager for tailored support
  • Invitations to Bybit events, including F1 VIP passes and global conferences
Bybit Affiliate Program
Bybit’s Affiliate Program empowers influencers with high commissions up to 50%

Customer Services and Support in Bybit Exchange

Bybit places a strong emphasis on customer service and support to ensure a smooth trading experience for its users. Here are the key aspects of Bybit's customer support system and its contact methods:

  • 24/7 Live Chat Support: Bybit offers round-the-clock live chat support in multiple languages, ensuring that users can get assistance at any time;
  • Email Support: For more complex issues, users can reach out via email and expect a response within 24 hours;
  • Comprehensive FAQ Section: Bybit maintains an extensive FAQ section that covers most common queries and issues;
  • Social Media Support: The exchange is active on various social media platforms, often responding to user queries and concerns;
  • Ticket System: Fortracking and resolving more complex issues, Bybit implements a ticket system;
  • Community Forums: Bybit hosts community forums where users can discuss issues, share experiences, and get peer support;
  • Multi-lingual Support: Bybit offers support inseveral languages to cater to its global user base.

While Bybit's customer support is generally well-regarded in the crypto community, response times may vary during peak trading periods or major market events

Copy Trading and Investment Options in Bybit Exchange

Bybit offers a range of copy trading and investment options; it’s unbelievable, but there are more than 32M successful trades on Bybit copy trading, and it has a 75%-win rate. Bybit Investment Options:

  • Copy Trading: More than 119K Masters and 881K+ Followers!
  • TradeGPT: A brand-new innovation that works based on AI
  • Savings: Guaranteed Yield Farming
  • Liquidity Minings: Add liquidity to Bybit pools and grab your share from fees
  • Crypto Loans: High LTV loans where you can loan your assets

ByBit copy tradingBybit’s copy trading win rate is 75%

How to Activate Bybit Copy Trading?

Bybit’s Copy Trading lets users mirror strategies of top-performing traders with just a $100 minimum investment and full risk controls.

#1 Accessing Copy Trading

Navigate to the "Tools" menu and then "Copy Trading" on the Bybit dashboard to access the social trading service.

#2 Exploring Dashboard Tools & Account Setup

The dashboard displays mirror trading balance, P&L, and the "My Copy Trading" panel for managing portfolios.

  • Browse trader cards with filters like ROI, Drawdown, Win Rate, and Follower Profit;
  • Apply as a Master Trader by submitting nickname, profile picture, and Telegram ID.

#3 Selecting a Trader to Copy

Filter strategy providers by ROI, country, win rate, or drawdown.

  • Profiles showROI trends, Sharpe Ratio, trade volume, holding time, and commission rate;
  • Click "Copy" to begin following a trader’s positions.
Bybit copy tradinng
Browse between Bybit strategy providers sorted by ROI, top balanced, lowest drawdown, and more

#4 Customizing & Managing Copy Settings

Set investment size (minimum $100) and choose risk parameters, including:

  • Trailing stop
  • Take-profit ratio
  • Slippage
  • PCSL
  • PC Guard
  • Contract selection

Confirm by clicking "Copy Now".

Bybit copy trading settings
Adjust risk controlling parameters on Bybit Copy Trading platform

#5 Monitoring Performance

Return to "My Copy Trading" to view equity, P&L, and strategy status. Adjust or stop copying at any time via the dashboard.

Bybit Exchange Restricted Countries: Are You Allowed to Trade in Bybit?

Bybit's availability varies by region due to regulatory considerations and Sanctions. List of restricted countries:

  • UK
  • USA
  • Mainland China
  • Singapore
  • North Korea
  • Cuba
  • Iran
  • Uzbekistan
  • Russian-controlled parts of Ukraine
  • Syria
  • Yemen

ByBit Restricted CountriesFull list of Bybit Restricted Countries

Bybit Compared to Other Exchanges

Here's a comprehensive comparison drawn between the reviewed platform and other options in the industry:

Features

Bybit Exchange

OKX Exchange

HTX Exchange

LBank Exchange

Number of Assets

1,300+

7800+

700+

700+

Maximum Leverage

100x

1:12

1:200

1:125

Minimum Deposit

Varies Based on Cryptocurrencies

N/A

$1

Varies by Cryptocurrency

Spot Maker Fee

0.005% - 0.1%

-0.01% - 0.14%

From 0.02%

0.02%

Spot Taker Fee

0.015% - 0.1%

0.03% - 0.23%

From 0.02%

0.02%

Mandatory KYC

Yes

Yes

Yes

No

Futures Trading

Yes

Yes

Yes

Yes

Mobile Application

Yes

Yes

Yes

Yes

Fiat Payment

Yes

Yes

No

Yes

Staking

No

Yes

Yes

Yes

Copy Trading

Yes

Yes

Yes

Yes

Expert Suggestions

Bybit achieved 2nd spot in the “CoinMarketCap” list of the top 10 exchanges. Bybit offers 6 services such as crypto loans and TradeGPT and has competitive fees starts from 0.1000%. But, Bybit is not available for US traders and its user interface might be overwhelming for beginners.

FAQs

What is Bybit and where is it headquartered?

Bybit is a cryptocurrency exchange founded in 2018. Though originally based in Singapore, its headquarters is now in Dubai and it's regulated in Hong Kong, Dubai, and the British Virgin Islands.

How many cryptocurrencies are available on Bybit?

Bybit supports over 1,300 cryptocurrencies, including BTC, ETH, XRP, SOL, DOGE, and a wide range of DeFi, meme, and stablecoins.

Is Bybit available in the US or UK?

No. Bybit is restricted in the US, UK, Singapore, Mainland China, and several sanctioned countries due to compliance and regulatory policies.

What types of trading does Bybit support?

Bybit offers spot, futures, and perpetual contracts, along with copy trading, margin trading, and automated strategies via bots and TradeGPT.

How much leverage does Bybit offer for trading?

Bybit offers up to 100x leverage on selected perpetual contracts. Risk management tools like isolated/cross margin and stop-loss orders are also supported.

What are the trading fees on Bybit?

Trading fees range from 0.015% to 0.1% for spot and 0.025% to 0.055% for futures, depending on your VIP level. Higher tiers enjoy lower fees.

How do I register and verify my identity on Bybit?

Register via email/mobile, verify using a 6-digit code, then complete KYC Level 1 or Level 2 with ID photos, face scan, and proof of residence to access all features.

Can I use PayPal to deposit or withdraw from Bybit?

Yes, Bybit supports PayPal, but it's region-dependent. Other options include crypto, Visa/Mastercard, Apple Pay, Google Pay, and bank wire transfers.

Is KYC mandatory on Bybit?

Yes, KYC Level 1 is required to trade and withdraw. Level 2 increases daily withdrawal to 2 million USDT and unlocks advanced tools like the Bybit Card.

Does Bybit offer copy trading and how effective is it?

Yes. Bybit’s copy trading has over 32 million successful trades with a 75% win rate. Users can follow over 119K verified strategy masters.

Which platforms and apps are available for trading on Bybit?

Users can trade via Bybit's own app and also on MetaTrader 4 (MT4). Web, Windows, Mac, Android, and iOS versions are all supported.

Is staking available on Bybit?

No, Bybit doesn’t offer staking, but it supports yield farming, liquidity mining, and savings with fixed returns for investors.

How secure is the Bybit platform?

Bybit uses cold wallets, 2FA, encryption, third-party audits, and a bug bounty program. It's also regulated by VARA and other authorities.

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