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Bybit is the world's second-largest cryptocurrency exchange by derivatives trading volume ($54B+ daily). Founded in 2018 and headquartered in Dubai, it specializes in perpetual futures and derivatives trading with 2,200+ pairs. The clean, professional interface and competitive 0.02%/0.055% perpetual fees make it the preferred platform for experienced derivatives traders. Copy trading and social features add unique value.
Scoring Breakdown
Welcome Bonus
New user rewards up to $6,135 USDT via deposit and trading bonuses. Frequent trading competitions and promotion campaigns.
NEWBONUS
Use code NEWBONUS when signing up to claim your bonus.
Pros and Cons
Pros
- World's second-largest exchange by derivatives volume ($54B+ daily)
- 2,200+ trading pairs, widest selection in the industry
- Best derivatives trading, competitive 0.02%/0.055% perpetual fees
- Clean, professional interface ideal for derivatives traders
- Up to $6,135 new user rewards
- Copy trading and social trading features
- Strong 24/7 customer support
Cons
- Not available in the US, UK, France (restricted jurisdictions)
- KYC required
- Spot trading fees higher than OKX maker fees
- Complex platform may overwhelm beginners
Trading Fees
Bybit charges 0.10%/0.10% spot; 0.02%/0.055% perpetuals trading fees. Volume-based discounts and token holdings can reduce these further. Futures trading is available with competitive margin rates.
Supported Assets
Bybit lists 2,200+ trading pairs. The platform supports multiple cryptocurrencies with staking rewards available on select assets. An NFT marketplace is integrated into the platform.
Security
Bybit is headquartered in Dubai, UAE and holds regulatory licenses in multiple jurisdictions. The platform uses cold storage for the majority of customer funds, two-factor authentication, withdrawal whitelisting, and regular third-party security audits. 24h trading volume exceeds $54B+.
Payments and Crypto
Bybit accepts multiple cryptocurrencies including BTC, ETH, BNB, SOL, XRP, USDT, USDC, DOGE. Deposits are Instant (crypto) and withdrawals take Instant to 30 min.
Security and Licensing
Bybit operates under a Cyprus CySEC, Netherlands DNB, VARA (Dubai) license from Dubai, UAE. KYC requirement: Required.
Customer Support
Bybit offers Live Chat 24/7, Email, Help Center support. In our testing, response times were fast (under 5 minutes for live chat).
Mobile Experience
Bybit offers a dedicated mobile app for iOS and Android. The mobile experience is smooth with full feature parity to the desktop version.
Test Log
| Date | Tester | Device | Deposit | Withdrawal |
|---|---|---|---|---|
| March 2026 | Elena Volkov | Desktop + Mobile | BTC, Instant (crypto) | BTC, Instant to 30 min |
| January 2026 | Elena Volkov | Desktop | ETH, Instant | ETH, Instant to 30 min |
Operator Profile
Want to know who's behind Bybit? Our operator dossier covers the parent company, licensing, founding team, security track record, and regulatory history.
View Bybit Operator DossierFrequently Asked Questions
Is Bybit safe to use?
Bybit holds a Cyprus CySEC, Netherlands DNB, VARA (Dubai) license and has been operating since 2018. We tested deposits and withdrawals with real funds and encountered no security issues.
What cryptos does Bybit accept?
Bybit accepts BTC, ETH, BNB, SOL, XRP, USDT +5. They support multiple cryptocurrencies in total.
How fast are Bybit withdrawals?
In our testing, Bybit processed withdrawals in Instant to 30 min. Deposit speed was Instant (crypto).
Does Bybit require KYC?
Required
What is the Bybit welcome bonus?
Bybit offers Up to $6,135 in rewards for new users. New user rewards up to $6,135 USDT via deposit and trading bonuses. Frequent trading competitions and promotion campaigns.
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