Bybit
Cryptocurrency ExchangeLicensing & Regulation
Company Info
Accepted Cryptocurrencies
Bybit Review
Overview
Bybit is one of the fastest-growing cryptocurrency exchanges, founded in 2018 with an initial focus on derivatives trading. The platform has since expanded into a full-service exchange offering spot trading, derivatives, options, copy trading, and more. Bybit serves 20+ million users and is particularly popular for its derivatives products and user-friendly interface.
What sets Bybit apart is its trading engine performance — the platform can handle up to 100,000 transactions per second with 99.99% uptime. For active traders who need reliability and speed, Bybit delivers a premium experience. The exchange has also obtained a VARA license in Dubai, demonstrating its commitment to regulatory compliance.
Pros
- Industry-leading derivatives trading platform
- 100,000 TPS trading engine with 99.99% uptime
- Copy trading feature for passive traders
- Up to $30,000 in new user rewards
- VARA-licensed in Dubai for regulatory compliance
- Excellent mobile app experience
Cons
- Derivatives can be risky for inexperienced traders
- Not available in the US
- Spot selection smaller than Binance or KuCoin
- Customer support can be slow during high-demand periods
Our Testing Results
Tested by Elena Volkov on March 15, 2026 using a real USDT deposit. All results independently verified.
Fees & Promotions
Bybit offers new users up to $30,000 in rewards through deposit bonuses, trading fee rebates, and promotional coupons. The exact bonus depends on deposit amount and trading activity.
Regular promotions include trading competitions with large prize pools, learn-to-earn campaigns, and seasonal events. The Bybit Earn feature offers staking and savings products for passive income.
Trading Features
Bybit offers spot trading for 500+ pairs, perpetual contracts (USDT and inverse), options, leveraged tokens, and copy trading. The derivatives products are particularly strong, with deep liquidity and competitive funding rates.
Copy trading allows users to follow successful traders and automatically replicate their trades. The Bybit Launchpad provides early access to new token launches.
Supported Cryptos & Fiat
Bybit supports 500+ cryptocurrencies for spot trading with a growing selection. Fiat deposits are available through bank transfer, credit/debit card, and P2P trading in multiple currencies.
Crypto deposits and withdrawals support multiple networks. The platform's processing speeds are fast, and fees are competitive.
Security & Regulation
Bybit maintains a strong security record with no major breaches. The exchange uses cold storage for the majority of funds, SSL encryption, 2FA, anti-phishing codes, and withdrawal address whitelisting.
The VARA license in Dubai represents a significant regulatory milestone. Bybit also conducts proof-of-reserves attestations to demonstrate adequate backing of user funds.
Mobile Experience
Bybit offers an excellent mobile app for iOS and Android with full trading capabilities. The app is well-designed, fast, and provides access to all platform features including copy trading and Earn products.
Customer Support
Customer support is available 24/7 via live chat and email. The team is responsive and handles trading-specific queries well. Bybit maintains a comprehensive help center and active social media presence.
Community Discussion
Share your experience with Bybit. All comments are moderated for quality.
Trading on Bybit has been smooth. The fee structure is competitive and the interface is intuitive. Deposits and withdrawals are reliable.
Great selection of trading pairs. The mobile app works well for on-the-go trading. Wish the advanced charting tools had more indicators.