ByBit Review 2025

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, established in March 2018, and their 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 introduce itself as a “regulated cryptocurrency exchange” and they have gained license from different jurisdictions including:

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

While ByBit 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 Exchange Summary of Specifications

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

ByBit supports more than 1300 currencies, including major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as a growing number of altcoins. Besides that, find more information from ByBit review In the table below.

ByBit Exchange Fees and Commissions

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

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:

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

ByBit offers a diverse range of cryptocurrencies and more than 1300 tokens right now! The exchange supports both major cryptocurrencies and a selection of popular altcoins.

• 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).

This exchange regularly adds new tokens to its platform and besides that, you can request from them to 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 uses a funding rate mechanism to keep the perpetual contract price in line with the spot price.

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

Opening an account and verifying your identity on ByBit is easier than what it might looks like. In order to verify, you must sign up and it can be done in 4 steps. ByBit sign up:

1. Visit the ByBit website and click on the "Sign Up" button.
2. Enter your email address and write a strong password. Also, you can sign up with mobile number.
3. Agree to the Terms of Service and Privacy Policy, then click "Create Account".
4. You'll receive a verification code via email or SMS. Enter the code to activate your account.

Once your account is created, you'll need to complete the Know Your Customer (KYC) process to unlock all features. ByBit Verification:

1. In your dashboard, click on “Get Verified Now” and then click on “Verify Now”
2. Choose your country of residence
3. Select your Document type
4. Open the Camera and identify your face
5. Provide the required personal information (name, date of birth, address)
6. Upload clear photos of your government-issued ID (passport, driver's license, or national ID card)
7. Take a selfie holding ID & a piece of paper with "ByBit" and the current date written on it
8. Submit your application and wait for approval (usually within 1-3 business days)

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.

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

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

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 is not available in some regions. ByBit Withdrawal and deposit methods:

• Cryptocurrency
• Bank Wire
• Apple Pay
• Google Pay
• Visa
• Mastercard
• PayPal

ByBit Exchange Trust Scores

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

• CoinGecko: 10/10
• Trustpilot: 1.5 out of 5
• TrustFinance: 3.77 out of 5
• Coinmarketcap: 7.6/10

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 75%-win rate. ByBit trading options:

• Copy Trading: More than 119K Masters and 881K+ Followers!
• TradeGPT: a brand-new innovation that works base 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.

Trading Finder 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.