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Bybit Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
Bybit logo
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Bybit

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Bybit is a robust and professional-grade cryptocurrency derivatives exchange that provides a wide range of assets and advanced trading options. Its high market share and focus on maintaining a secure and efficient platform make it a strong choice for traders interested in leverage and derivatives products within the crypto space.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.


  • Advanced trading features
  • Competitive trading fees
  • No KYC for basic account functions
  • High liquidity
  • Supports a variety of cryptocurrencies


  • High risk for inexperienced users
  • Limited educational resources for beginners
  • No fiat deposits or withdrawals
  • Customer support can be slow

Quick Summary

Headquarters Location International
Fiat Currencies Supported USD, AUD, GBP, CAD, EUR, NZD + 160 others (some through third party apps)
Total Supported Cryptocurrencies 341+
Trading Fees 0.04% - 0.10%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Banxa, XanPool, MoonPay, Mercuryo, Neofi
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Bybit has emerged as a prominent player in the world of cryptocurrency exchanges, particularly known for its advanced features and focus on derivative products. This review delves into the various aspects of Bybit, from its user interface to its unique offerings, to help you understand what sets it apart in the competitive crypto exchange landscape.

Bybit homepage

Bybit distinguishes itself as a forward-thinking cryptocurrency exchange with a keen eye on evolving market demands and user preferences. The platform’s growth trajectory is marked not only by its technological prowess but also by its strategic expansions and partnerships.

Bybit’s commitment to staying at the forefront of innovation is evident in its consistent updates and feature enhancements, aimed at enriching the trading experience while addressing the complex needs of its global user base. The exchange has adeptly positioned itself to cater to both retail and institutional clients, seeking to provide a seamless bridge between traditional finance and the burgeoning digital asset space.

About Bybit

Bybit, headquartered in Hong Kong and with offices in the United Arab Emirates and elsewhere, is a derivatives exchange that has been gaining traction in the crypto industry since its inception. It provides traders with a platform to trade a variety of derivatives, including perpetual contracts and inverse futures, with high leverage options.

Bybit has built a reputation for its powerful trading engine and a commitment to providing a stable and reliable service.

Bybit features

Since its launch, Bybit has navigated the dynamic cryptocurrency landscape with agility, often adapting to and capitalising on shifting market trends. The exchange’s strategic decisions, like embracing the rise of derivatives in the crypto space and tapping into the demand for high leverage options, have been instrumental in its ascent.

Bybit’s journey is also marked by its resilience during industry shake-ups, maintaining service integrity amidst market volatility and regulatory shifts. The exchange’s geographic diversity, with a presence in Hong Kong and the United Arab Emirates among other locations, reflects its global outreach and the cross-border appeal of crypto derivatives.

Bybit has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram, TikTok and YouTube.

Bybit has a mobile app on both the Apple App Store and Google Play.

Bybit Supported Cryptocurrencies

Bybit supports trading on over 341 cryptocurrencies on their platform. This exchange currently supports 28 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Polkadot (DOT)
  • TRON (TRX)
  • Chainlink (LINK)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Filecoin (FIL)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • NEAR Protocol (NEAR)
  • Immutable (IMX)
  • Stacks (STX)
  • Aptos (APT)
  • Bittensor (TAO)

View all cryptocurrencies Bybit supports

  • 1INCH
  • 1SOL
  • 3P
  • AAVE
  • ACA
  • ACH
  • ACM
  • ACS
  • ADA
  • AFC
  • AGI
  • AGIX
  • AGLA
  • AGLD
  • ALGO
  • ANKR
  • APE
  • APEX
  • APT
  • AR
  • ARB
  • ARKM
  • ATOM
  • AVA
  • AVAX
  • AXL
  • AXS
  • AZY
  • BAR
  • BAT
  • BCH
  • BEL
  • BICO
  • BLUR
  • BNB
  • BNT
  • BOB
  • BOBA
  • BONK
  • BTC
  • BTG
  • BTT
  • BUSD
  • C98
  • CAKE
  • CAPO
  • CAPS
  • CBX
  • CEL
  • CELO
  • CGPT
  • CHRP
  • CHZ
  • CITY
  • CMP
  • CO
  • COMP
  • CORE
  • COT
  • CRV
  • CTC
  • CTT
  • CULT
  • CUSD
  • CWAR
  • DAI
  • DCR
  • DEFY
  • DEVT
  • DFI
  • DGB
  • DICE
  • DLC
  • DOGE
  • DOME
  • DOT
  • DPX
  • DYDX
  • DZOO
  • ECOX
  • EGLD
  • EGO
  • ELDA
  • ELT
  • ENJ
  • ENS
  • EOS
  • ETC
  • ETH
  • ETHW
  • EVER
  • FAME
  • FB
  • FIDA
  • FIL
  • FLOW
  • FLR
  • FMB
  • FON
  • FORT
  • FTM
  • FTT
  • FXS
  • GAL
  • GALA
  • GENE
  • GGM
  • GLMR
  • GM
  • GMT
  • GMX
  • GNS
  • GODS
  • GPT
  • GRT
  • GST
  • GSTS
  • HBAR
  • HERO
  • HFT
  • HNT
  • HOOK
  • HOT
  • HVH
  • ICP
  • ICX
  • ID
  • IME
  • IMX
  • INJ
  • IZI
  • JST
  • JUV
  • KAVA
  • KCAL
  • KDA
  • KLAY
  • KMON
  • KOK
  • KON
  • KRL
  • KSM
  • LDO
  • LFW
  • LGX
  • LING
  • LINK
  • LIS
  • LMWR
  • LRC
  • LTC
  • LUNA
  • LUNC
  • MANA
  • MASK
  • MBS
  • MBX
  • MCRT
  • MCT
  • MDAO
  • MEE
  • MIBR
  • MINA
  • MIX
  • MKR
  • MMC
  • MNT
  • MNZ
  • MOVR
  • MPLX
  • MTC
  • MTK
  • MV
  • MVL
  • MX
  • NEAR
  • NEON
  • NEXO
  • NEXT
  • NFT
  • NYM
  • OAS
  • OBX
  • OKG
  • OKSE
  • OMG
  • OMN
  • ONE
  • OP
  • ORDI
  • ORT
  • PAXG
  • PEPE
  • PEPE2
  • PERP
  • PIP
  • PLAY
  • PLT
  • PLY
  • POKT
  • PSG
  • PSP
  • PTU
  • QNT
  • QTUM
  • RACA
  • RAIN
  • RDNT
  • REAL
  • REN
  • RLTM
  • RNDR
  • ROND
  • ROSE
  • RPL
  • RSS3
  • RUNE
  • RVN
  • SAIL
  • SALD
  • SAND
  • SC
  • SCRT
  • SD
  • SEI
  • SEOR
  • SHIB
  • SIS
  • SLG
  • SLP
  • SNX
  • SOL
  • SOLO
  • SON
  • SOS
  • SRM
  • SSV
  • STAT
  • STG
  • STRM
  • STX
  • SUI
  • SUIA
  • SUN
  • SYNR
  • T
  • TAMA
  • TAP
  • TAVA
  • TEL
  • THN
  • TIME
  • TOMI
  • TOMS
  • TON
  • TRVL
  • TRX
  • TWT
  • UMA
  • UNI
  • USDC
  • USDD
  • USDT
  • USTC
  • VELA
  • VELO
  • VEXT
  • VINU
  • VPAD
  • VRA
  • WAXP
  • WBTC
  • WLD
  • WLKN
  • WOO
  • WWY
  • XAVA
  • XCAD
  • XDC
  • XEC
  • XEM
  • XETA
  • XLM
  • XRP
  • XTZ
  • XWG
  • XYM
  • YFI
  • ZAM
  • ZBC
  • ZEN
  • ZIL
  • ZRX

Trading Experience

Bybit offers an intuitive user interface that caters to both new and seasoned traders. The platform boasts a high-performance matching engine, capable of handling a significant volume of trades without lag, which is essential for the fast-paced derivatives market.

Features such as advanced charting technology, various order types, and leverage options contribute to a flexible and user-friendly trading experience.

Bybit’s trading experience is tailored to meet the demands of a diverse trading community, from crypto novices to skilled traders. The platform’s high-performance matching engine is a testament to its strong technology foundation, designed to process a vast number of orders with minimal latency.

This engine is a crucial element in a market where timing and price accuracy can significantly affect traders’ outcomes. Bybit’s sophisticated risk management tools, including isolated and cross margin features, give traders the flexibility to adopt strategies in line with their risk appetite and market view.

This combination of advanced technology and a breadth of trading options ensures an adaptable and responsive trading environment.

Bybit exchange marketing

Bybit Fees

The fee structure of Bybit is designed to be competitive and is based on the maker-taker model, which incentivizes market liquidity. While specific numbers are not discussed here, it’s important to note that trading fees vary depending on the type of contract and the nature of the trade.

Funding rates also apply, which are exchanged between buyers and sellers based on market conditions.

In a competitive market where fees can significantly impact traders’ decisions, Bybit has structured its fee policy to be attractive and fair, with the intent to balance the needs of both market makers and takers. By avoiding a one-size-fits-all approach, the exchange allows for a nuanced application of fees that aligns with the diverse strategies and trading volumes of its users.

This tailored fee model complements the complexity of the trading environment Bybit aims to provide, where nuanced contract details and high leverage can significantly affect Profit and Loss (P&L) outcomes. Bybit also employs a dynamic funding rate mechanism to ensure that the perpetual contract prices remain anchored to the spot market, a critical consideration for traders monitoring the actual market conditions.

Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0.04% - 0.10%
Withdrawal Fee (Bank Transfer) 0%

Bybit supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC compared to the industry average of 0.000075 BTC. So Bybit has a fee that is above the industry average by 566.67%.

Bybit has a maker/taker fee schedule which you can see below.

VIP Tier Asset Balance (USD) or 30-Day Trading Volume (USD) Taker Fee Maker Fee
Daily Withdraw LimitsKYC1
Supreme VIP
≥ 10,000,000and With API Trading Vol. of 20% or less
0.0200 % 0.0050 % 12,000,000 USDT
≥ 2,000,000 /
≥ 8,000,000and With API Trading Vol. of 20% or less
0.0350 % 0.0125 % 10,000,000 USDT
≥ 1,000,000 /
≥ 6,000,000and With API Trading Vol. of 20% or less
0.0400 % 0.0150 % 8,000,000 USDT
≥ 500,000 /
≥ 4,000,000
0.0450 % 0.0200 % 6,000,000 USDT
≥ 250,000 /
≥ 2,000,000
0.0500 % 0.0250 % 6,000,000 USDT
≥ 50,000 /
≥ 1,000,000
0.0600 % 0.0400 % 6,000,000 USDT
≥ 0 /
≥ 0
0.1000 % 0.1000 % 1,000,000 USDT

Security - Is Bybit Safe?

Security is a paramount concern for Bybit, which employs a robust security framework, including multi-signature wallets and an insurance fund to protect client funds. The platform adheres to strict security protocols and leverages industry-standard technologies to safeguard users’ assets and data.

In an industry where breaches can be catastrophic, Bybit’s multi-layered security structure is designed to fortify users’ assets against cyber threats. This comprehensive approach extends beyond just protecting the wallet address and funds within; it encompasses a holistic defence strategy inclusive of real-time monitoring systems and stringent operational protocols.

By allocating resources to both reactive and proactive security measures, Bybit demonstrates a commitment to safeguarding not only client funds but also maintaining the integrity of the entire trading infrastructure. The exchange’s dedication to security is also reflected in its user-focused initiatives, such as regular security awareness communications and tools for individuals to secure their accounts against unauthorised access.

Bybit Customer Support

Customer support at Bybit is known for being responsive and helpful, with multiple channels available for assistance, including live chat and email. The service standards are in line with industry expectations, ensuring that traders can receive support when they need it.

Recognising the importance of reliable customer support, Bybit invests in a service infrastructure that aims to address user queries and concerns promptly and effectively. The exchange’s support system is built around the needs of a global user base, taking into account different time zones and language preferences.

Traders can expect to find support channels that are not just responsive but equipped to handle a range of inquiries, from basic platform navigation to complex trading issues. Bybit’s emphasis on customer support contributes to the overall positive review of the platform and enhances the trading journey for its users.

Bybit support

Bybit Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Bybit

  1. Create Account - Visit the Bybit website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Banxa
  • XanPool
  • MoonPay
  • Mercuryo
  • Neofi

Bybit Alternatives

Binance logo


Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies

Trading Fees

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

Visit Binance
Kraken logo


Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies

Trading Fees
0.06% - 0.16%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
OKX logo


Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies

Trading Fees
0.06% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

Bybit stands as an excellent platform for traders looking for advanced trading options and high leverage in the derivatives market. Its robust technology and strong focus on market depth make it suitable for experienced traders who require a comprehensive trading environment.

Bybit FAQs

Trust in a cryptocurrency exchange like Bybit is subjective and depends on individual experiences and the specific requirements of the user. It’s important to conduct your own research, consider the platform’s security measures, user reviews, regulatory compliance, and track record in the industry.

Deciding whether to use Bybit or Binance depends on your trading needs, preferences for platform usability, available cryptocurrencies, and customer support. You should compare these features and consider your geographical location as some services may be restricted in certain areas.

The risks of using Bybit include those inherent to cryptocurrency trading such as market volatility and potential for significant financial loss. Additionally, there are risks related to platform security, regulatory changes, and the potential for operational issues that could affect trading and assets.

Yes, users can withdraw money from Bybit. The process involves submitting a withdrawal request and following the platform’s procedures, which typically include security checks and may have conditions such as withdrawal limits or fees.

Bybit was initially established with a team that included founders from China, but it is registered in the British Virgin Islands and has offices in multiple locations globally. The company’s operational base or headquarters location may change over time due to strategic or regulatory reasons.

Regulations regarding cryptocurrency exchanges like Bybit can vary greatly by country and region. Some countries may impose bans or restrictions on the use of Bybit based on local financial regulations.

Users should check the legal status of Bybit in their jurisdiction and comply with their local laws.

The legality of trading on Bybit depends on your country’s cryptocurrency regulations. It is the user’s responsibility to ensure that they are in compliance with their local laws and regulations regarding the use of crypto trading platforms like Bybit.

People use Bybit for various reasons including its user interface, support for a range of cryptocurrencies, and customer service. Users should evaluate whether the platform meets their needs in terms of usability, available features, and compliance with relevant regulations.

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At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: