Bybit Review Quick Summary

Bybit stands out for derivatives depth and active trader tools. Binance, OKX, and Kraken help frame fees, liquidity, and security baselines. Comparing these platforms gives beginners context before placing the first live trade.

High leverage increases liquidation risk during sudden volatility spikes.
Complex order types need practice to avoid unintended executions.
Fee tiers, funding, and spreads materially affect long-term results.
Jurisdiction, KYC, and safeguards dictate protection and recourse levels.

What is Bybit?

Bybit is a global cryptocurrency exchange platform founded in 2018 by Ben Zhou and headquartered in Dubai, operating under Bybit Fintech Limited. It is one of the largest crypto exchanges in the world by trading volume, offering a wide range of services for both beginner and professional traders. Bybit provides spot and derivatives trading—including futures and perpetual contracts—as well as staking, DeFi, and earning products. Known for its fast matching engine, user-friendly interface, and multilingual support, Bybit has rapidly grown into a major player in the digital asset ecosystem, serving a large global user base.

Selecting a reliable trading platform requires awareness and patience. The wrong exchange can cause heavy losses through hidden fees or poor execution. Weak security exposes funds to theft, while unstable systems fail during high volatility. Many beginners face liquidity issues that make it hard to buy or sell at fair prices. Some platforms even delay withdrawals when markets move fast. I always suggest testing every feature before committing larger capital. Verified, transparent, and secure tools protect traders from unnecessary risks. This article highlights the most dependable platforms and provides an honest, expert-backed evaluation.

Bybit Overview

Field	Details
Company Name	Bybit Fintech Limited (operating as Bybit)
Founded	2018
Founders	Ben Zhou
CEO	Ben Zhou
Headquarters	Dubai, United Arab Emirates
Users / Customers	Over 70 million registered users (as of May 2025)
Employees	Approx. 2,400–2,500 employees as of mid-2025
Geographic Reach	Global: services available in many countries (except certain restricted jurisdictions)
Cryptocurrencies Offered	Listings include over 100 tokens and 300+ spot trading pairs (e.g., BTC, ETH, SOL, APE, DOT)
Core Products & Services	Spot trading, Derivatives (futures, perpetuals, options), Staking/Earn, NFTs, Web3 services
Trading Fees (Advanced)	For non-VIP users:• Spot: Maker 0.10%, Taker 0.10% • Perpetual/Futures: Maker 0.02%, Taker 0.055% • Options: Maker 0.02%, Taker 0.03%
Security / Safeguards	Publishes proof-of-reserves for transparency However, in February 2025 experienced a major hack (~US$1.5 billion)
Recent Developments	• Secured EU MiCAR licence and opened European headquarters in Vienna (2025) • Reached >70 million users (May 2025) • Major hack occurred in early 2025 (~$1.5 billion)

How CoinBlockLab Rated the Bybit Exchange?

I personally reviewed and tested Bybit Exchange and found it to be a robust, feature-rich platform offering a wide range of cryptocurrencies and advanced trading tools. In my experience, Bybit stands out for its strong liquidity, competitive fees, and seamless performance across both web and mobile. While I found its professional-grade tools highly effective, new users may face a learning curve when exploring its full potential.

Category	Summary	Rating
Core Wallet / Platform Offering	Comprehensive suite with spot, derivatives, staking, and Web3 features.	4.1/5
Supported Crypto & Trading Pairs	500+ crypto assets and high-liquidity trading pairs.	3.8/5
Supported Fiat & Deposit Methods	50+ fiat currencies via card, bank, and P2P; regional limits apply.	4/5
Financial Aspect (Fees & Features)	Low fees, fast engine, advanced trading tools for professionals.	4.2/5
User Experience	Intuitive interface and smooth app; complex for beginners.	3.6/5
Trust & Reliability	Secure platform with proof-of-reserves; recent hack and restrictions impact trust.	3.5/5
Differentiators	Strong derivatives market, automation tools, and global presence.	3.3/5
Final Score	Overall CoinBlockLab Score	3.5/5

Bybit Review: Key Features

Dashboard Interface: The tool offers a clean and structured interface that makes it easy to monitor balances, open orders, and market conditions in one glance. I found the data widgets highly responsive when switching between tabs. You will notice that customizing the layout based on preferred trading pairs improves reaction time during volatile market moves.
Asset Variety: Bybit supports a wide selection of digital assets for spot and futures markets. I appreciated the ease of finding trending pairs directly from the search bar. There is also an option that lets you create watchlists, which helps in managing diverse positions efficiently across assets.
High Leverage: The leverage system allows traders to open positions with up to 100× leverage, offering both risk and opportunity. I tested this feature with BTC and ETH contracts and noticed the margin adjustments update in real-time. I recommend starting with smaller leverage to understand liquidation thresholds before scaling up.
Fee Structure: The platform follows a transparent maker-taker fee model. I analyzed fee differences across VIP tiers and found notable savings for frequent traders. It motivates disciplined trading, especially for those using limit orders to take advantage of maker rebates.
Mobile Trading: The mobile app replicates nearly all desktop functionalities with smooth performance. It is intuitive and well-suited for quick order adjustments on the move. While using this feature one thing I noticed is enabling price alerts ensures you never miss an entry or exit signal even while offline.
Order Management: Bybit offers diverse order types, including conditional, limit, and market options. I used the Post-Only and Reduce-Only functions, which prevented unwanted entries during volatile conditions. This fine control makes the platform reliable for both manual and automated strategies.
Web3 Access: The integrated Web3 mode allows interaction with decentralized applications and NFTs directly from the wallet. It bridges centralized trading with decentralized finance, offering a unified experience. I found this integration valuable for exploring DeFi yields without transferring funds externally.
Copy Trading: Users can automatically mirror trades from top-performing strategists. I followed a few traders to study risk management techniques, and the transparency in performance stats helped build trust. I suggest reviewing trader history and drawdown ratios carefully before allocating funds.
Security Controls: Bybit provides multiple security layers like 2FA, withdrawal whitelists, and anti-phishing codes. I verified these features and found the withdrawal whitelist particularly effective against unauthorized access. The proof-of-reserves updates also add confidence by validating asset backing.
Crypto Earnings: Beyond trading, users can stake, lend, or participate in liquidity pools to earn passive income. I used the dual-investment feature to lock in better returns during stable market periods. The tool lets you compare APYs across products to optimize your crypto yield without heavy risk exposure.
Charting Tools: Bybit’s charting suite offers professional-grade technical indicators and real-time market depth. I used it to back-test several strategies using multi-timeframe analysis. The integrated layout is powerful enough to replace external charting software for most traders.
KYC Flexibility: The platform permits limited withdrawals without complete verification in certain jurisdictions. This is convenient for users who prioritize privacy or wish to test the platform before full onboarding. I found the limits practical for small traders while maintaining essential compliance standards.

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Bybit Review: Pros and Cons

Pros	Cons
Seamless crypto trading execution speed	Occasional delays during peak trading hours affecting quick trade placement
Intuitive interface simplifying complex trading actions	Withdrawal verification sometimes takes longer than expected
Effective leverage position management with transparent risk control tools	Lacks support for certain regional fiat on-ramps limiting accessibility
Wide range of trading pairs and perpetual contracts for flexibility
Advanced charting tools for in-depth analysis (novice & expert friendly)

Bybit Supported Cryptocurrencies

Major / Blue-chip tokens

Bitcoin (BTC)
Ethereum (ETH)
Binance Coin (BNB)
Solana (SOL)
Avalanche (AVAX)

Platform / Smart-contract ecosystem tokens

Polkadot (DOT)
Chainlink (LINK)
Algorand (ALGO)
Cardano (ADA)
NEAR Protocol (NEAR)

Meme / Community-driven tokens

Dogecoin (DOGE)
Shiba Inu (SHIB)
Pepe (PEPE)
Bonk (BONK)

Stablecoins & fiat-pegged tokens

Tether (USDT)
USD Coin (USDC)
DAI (DAI)

Derivatives / advanced/trading-centric tokens

DYDX (DYDX)
OP (Optimism) (OP)
Sui (SUI)

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Bybit Fees Review

Product / Category	Maker Fee Rate	Taker Fee Rate	Notes
Spot (crypto-crypto pairs, Non-VIP)	0.1000%	0.1000%	Base rate for crypto-to-crypto spot trading.
Perpetual & Futures Contracts (Non-VIP)	0.0200%	0.0550%	Applies to USDT/USDC perpetuals & futures.
Options Trading (Non-VIP)	0.0200%	0.0200%	Both maker & taker at same rate.
Spot / Fiat-Crypto Pairs & VIP Tier Example (VIP 3)	0.0625%	0.0750%	Example fee at VIP level for fiat trading.
Settlement Fee (Inverse Futures)	—	0.0500%	Fixed fee at settlement for inverse futures contracts.

Bybit Review: Security and Regulation

Bybit employs a multi-layer security framework designed to protect user assets and data. It stores the majority of funds offline in cold wallets and utilises technologies like multi-signature approvals, Trusted Execution Environment (TEE) and Threshold Signature Schemes (TSS) for live transfer authorisations. The platform also conducts periodic proof-of-reserves audits which are publicly disclosed, enhancing transparency and user trust. Despite these precautions, a major security incident in February 2025 resulted in a theft of approximately US$1.5 billion in Ethereum due to vulnerabilities in a third-party wallet provider.

On the regulatory front, Bybit states its commitment to global compliance, working with international regulators and aligning with KYC/AML standards. However, its regulatory track record is mixed: the exchange has faced enforcement actions, such as a substantial fine from the Netherlands for operating without registration and service cessation in France due to rising scrutiny. As crypto regulation remains regionally fragmented, users should remain aware of their local jurisdiction’s status regarding Bybit’s licensing and operating rights.

Bybit Payment Methods

Payment Method	Description
Crypto Deposit	Transfer supported cryptocurrencies from external wallets or other exchanges.
One-Click Buy	Buy crypto instantly using Visa/MasterCard, Apple Pay, Google Pay, or third-party providers.
Fiat Deposit	Deposit fiat currencies directly into your funding account to purchase crypto.
P2P Trading	Trade with other users using 80+ payment options such as bank transfer, cards, or cash.
Third-Party Services	Use payment gateways like MoonPay, Banxa, or Simplex for fiat-to-crypto purchases.

How Does Bybit Work?

1. Account Setup and Verification: Users start by creating an account and completing KYC (Know Your Customer) verification for security and compliance. Once verified, they can deposit crypto or fiat funds using bank cards, P2P trading, or third-party payment providers.

2. Trading Platform: Bybit operates as a cryptocurrency exchange offering:

Spot trading — buying and selling crypto at current market prices.
Derivatives trading — perpetual and futures contracts with leverage up to 100x.
Options trading — for more advanced hedging and speculative strategies. It provides real-time charts, order books, and trading tools for precision and control.

3. Risk Management & Tools: Traders can manage risk through tools like stop-loss, take-profit, and auto-deleveraging (ADL). Bybit also has insurance funds to cover extreme market volatility.

4. Earning & Staking: Users can earn passive income via Bybit Earn, staking, or liquidity mining. These features allow users to grow holdings while maintaining flexibility.

5. Security & Transparency: Bybit uses cold wallet storage, multi-signature verification, and proof-of-reserves audits to protect user funds and data integrity.

Who is Bybit Best Suited For?

User Type	Why Bybit is a good fit
Experienced / active crypto traders	Bybit offers advanced features like derivatives (futures, perpetuals), high-leverage trading, deep liquidity and pro-level trading tools.
Intermediate users wanting to scale up	The platform supports spot trading, copy-trading and demo modes, making it viable for users transitioning to more complex strategies.
Users interested in wide asset variety and innovation	With a broad selection of trading pairs, altcoins, and newer token listings, Bybit appeals to users seeking flexibility and choice.

How to Sign Up for Bybit?

Visit www.bybit.com to start registration.
Click the “Sign Up” button on the homepage.
Use your email, phone number, or Google/Apple account.
Create a strong and unique password.
Enter the code sent to your email or phone.
Upload ID and selfie for identity confirmation.
Enable Two-Factor Authentication (2FA) for safety.
Deposit funds and begin trading or using Bybit Earn.

What Various Review Platforms Say About Bybit

Platform	Summary of feedback
Trustpilot	Global site shows ~3.3 to 3.5/5 average. Many low ratings due to support or withdrawal problems. (Trustpilot)
Reddit / forums	Mixed to negative in many threads: users raise concerns about account freezes, support responsiveness. Eg: > “The whole experience felt incredibly dodgy. … be very cautious if you decide to engage with this platform.” (Redd i t)
ByBit Android App	4.5/5 (~1.37 million reviews) Over 10 million+ downloads (Official Link)

Bybit vs Other Crypto Exchanges

1) ZenGo vs Bybit

ZenGo is a non-custodial crypto wallet, focusing on security and user control through MPC (multi-party computation) technology. It offers simple buy, sell, and earn features but lacks advanced trading tools or leverage. By contrast, Bybit is a full-featured crypto exchange offering spot, futures, options, and staking, catering to both beginners and professional traders. If your goal is secure self-custody and ease of use, ZenGo is ideal; if you want advanced trading capabilities and higher liquidity, Bybit stands out. Read Zengo Crypto Wallet Review

Link:https://zengo.com/

2) Kraken vs Bybit

Kraken is a long-established, highly regulated exchange with robust security, strong fiat on-ramps, and support for a wide range of cryptocurrencies. It’s known for compliance and reliability, making it suitable for users prioritizing transparency and trust. Bybit, meanwhile, offers lower trading fees and a focus on derivatives and advanced trading tools, often favored by high-volume traders. In short, Kraken is best for regulated fiat access and conservative investing, while Bybit excels in derivatives and trading innovation.

Link:https://www.kraken.com/

3) PrimeXBT vs Bybit

PrimeXBT provides multi-asset trading—covering crypto, forex, commodities, and indices—making it appealing to those who want exposure beyond cryptocurrencies. It has leverage trading and a focus on portfolio diversification. Bybit, however, specializes in crypto trading with deep liquidity, extensive crypto listings, and sophisticated trading features. If you prefer diversified trading across markets, PrimeXBT is suitable; if you want crypto-focused tools and liquidity, Bybit is the stronger choice.

Link: https://www.primexbt.com/

Verdict On ByBit Review

In conclusion, Bybit stands out as a comprehensive cryptocurrency trading platform that caters to both beginners and advanced traders through its robust suite of tools, competitive fees, and flexible features. Its seamless user experience, extensive asset support, and integration with Web3 and DeFi services make it a future-ready exchange. With advanced order types, strong security measures, and diverse earning opportunities, Bybit ensures efficiency and safety for users across global markets. Overall, it remains a reliable and innovative platform for anyone looking to engage in crypto trading and portfolio growth.

FAQs

What Is Bybit?

Bybit is a global cryptocurrency exchange offering derivatives, spot trading, and staking services. Founded in 2018, it’s known for advanced trading tools, liquidity, and strong customer support.

Is Bybit a Chinese Company?

Bybit was founded in Singapore and is headquartered in Dubai. Although its founder, Ben Zhou, is Chinese, the company operates globally and is not registered in mainland China.

Can US Traders Use Bybit?

Bybit restricts access for U.S. residents due to regulatory requirements. However, traders from other supported regions can legally register, verify accounts, and participate in cryptocurrency trading activities.

Is Bybit Safe?

Bybit employs advanced security measures, including cold wallet storage, two-factor authentication, and withdrawal protection. Its strong compliance and transparent operations make it one of the safer crypto exchanges.