2025 Volume
~$8 Trillion
Registered Users
50M+
Coins Listed
600+
Spot Fee
0.10%
Our Verdict: 4.5 / 5
Bybit has rapidly established itself as one of the top cryptocurrency exchanges since its founding in 2018. With ~$8 trillion in total trading volume in 2025, over 50 million registered users, and a strong reputation in derivatives trading, it has become a serious competitor to the industry's biggest names.
The platform excels in three key areas: a clean, modern interface that makes derivatives trading accessible, a competitive fee structure matching Binance at 0.10% spot, and one of the best copy trading platforms in the industry. Its 600+ coin listings also make it attractive for altcoin hunters looking for new opportunities.
Where Bybit falls short is liquidity (thinner order books than Binance on most pairs), regulatory maturity (no SAFU-equivalent insurance fund, fewer global licenses), and fiat on-ramp options that are more limited for EU users. In this review, we break down fees, security, features, regulation, and who Bybit is best suited for.
Pros & Cons
What We Like
- 600+ trading pairs with strong altcoin coverage
- Strong copy trading platform with transparent stats
- 100x futures leverage on major pairs
- Competitive fees (0.10% spot, 0.02% futures maker)
- Clean, modern interface that is easy to navigate
What Could Be Better
- Less liquid than Binance on most trading pairs
- Founded 2018 — shorter track record than top competitors
- Limited fiat on-ramp options for EU users
- No SAFU-equivalent insurance fund
- Regulatory status still evolving in key markets
Bybit Fee Breakdown
Bybit's fee structure is competitive across the board. At 0.10% for both maker and taker on spot trades, it matches Binance — the industry's lowest standard tier. Futures fees are slightly higher on the taker side (0.055% vs 0.05%) but the maker rate of 0.02% is in line with the best in the market.
| Product | Maker Fee | Taker Fee | Notes |
|---|---|---|---|
| Spot Trading | 0.10% | 0.10% | VIP tiers reduce further |
| Perpetual Futures | 0.02% | 0.055% | USDC margined (MiCA-compliant) |
| Inverse Futures | 0.02% | 0.055% | Coin-margined contracts |
| Crypto Deposit | Free | Free | All supported networks |
| Fiat Deposit | Varies | — | Third-party providers |
| Crypto Withdrawal | Varies | — | Network fee only |
VIP tiers: Bybit offers volume-based VIP tiers (VIP 1 through VIP 5+) that progressively reduce trading fees. High-volume traders can achieve maker fees as low as 0.005% on spot and 0.0000% on futures. Holding and staking Bybit's native token can also unlock fee benefits.
For a broader comparison, see our crypto trading fees guide .
Security: How Safe Is Bybit?
Bybit has maintained a clean security record since its launch — no major hacks or user fund losses. The platform employs several industry-standard and advanced security measures:
Multi-Sig Cold Storage
The majority of user funds are stored in offline cold wallets protected by multi-signature technology. Hot wallets hold only the minimum required for daily withdrawal processing, limiting exposure to potential attacks.
2FA + Biometric Authentication
Bybit supports Google Authenticator 2FA, SMS verification, email confirmation for withdrawals, and biometric login (Face ID / fingerprint) on the mobile app. Anti-phishing codes are also available.
Bug Bounty Program
Bybit runs a bug bounty program that rewards security researchers for responsibly disclosing vulnerabilities. This crowdsourced approach helps identify and patch potential weaknesses before they can be exploited.
Proof of Reserves
Bybit publishes Proof of Reserves using Merkle tree snapshots, allowing users to independently verify that the platform holds sufficient reserves to cover all customer deposits. Reports are updated regularly.
Important caveat: Unlike Binance, which maintains a $1 billion SAFU emergency insurance fund, Bybit does not have a publicly disclosed insurance fund of equivalent size. While the platform has never needed one, this is worth considering when evaluating counterparty risk. See our crypto security guide for best practices.
Supported Cryptocurrencies
Bybit lists 600+ cryptocurrencies across spot markets, making it one of the most comprehensive exchanges for altcoin coverage. This includes all major assets (BTC, ETH, SOL, XRP, ADA, DOGE), a wide range of DeFi tokens, memecoins, and newly launched projects via the Bybit Launchpad.
The platform is particularly strong in new listings — it frequently lists emerging tokens before they appear on larger competitors. For altcoin hunters and early-stage traders, this is a significant advantage.
On the derivatives side, Bybit offers 300+ perpetual contracts (USDC-margined and inverse) with leverage up to 100x on major pairs like BTC and ETH. USDC-margined contracts are MiCA-compliant and the recommended choice for EU traders.
Track live prices on our crypto price hub .
Key Trading Features
Bybit offers a broad range of trading products beyond simple spot trading. Here are the platform's key features:
Spot Trading
Buy and sell 600+ cryptocurrencies with real-time order books, TradingView charting integration, and order types including limit, market, stop-limit, and conditional orders.
Perpetual Futures
Go long or short with up to 100x leverage on 300+ USDC-margined perpetual contracts. USDC pairs are fully MiCA-compliant. The derivatives interface is clean and purpose-built for active traders.
Copy Trading
Follow top-performing traders and automatically replicate their positions. Bybit's copy trading platform includes transparent P&L stats, risk controls, and both spot and futures strategies.
Trading Bots
Built-in bots including Grid Bot, DCA Bot, and Martingale Bot. No coding required — configure strategies directly in the app for automated, systematic trading.
Launchpad
Access new token launches before they hit the open market. Bybit Launchpad offers token sales and airdrops to eligible users, often providing early exposure to emerging projects.
Earn Products
Flexible and fixed-term savings, staking, liquidity mining, and dual asset products. Earn yield on idle assets with varying APYs depending on the token and lock-up period.
Regulation & Compliance
Bybit's regulatory journey is a work in progress. Founded in 2018 and originally headquartered in Singapore, the exchange has since relocated its headquarters to Dubai and has been expanding its regulatory footprint.
- Dubai VASP License — Bybit holds a Virtual Asset Service Provider license from Dubai's Virtual Assets Regulatory Authority (VARA), one of the more comprehensive crypto frameworks globally.
- EU Entity Being Established — Bybit is in the process of setting up an EU-licensed entity to comply with the Markets in Crypto-Assets Regulation (MiCA).
- MiFID II Application Pending — The exchange has applied for MiFID II authorization, which would allow it to offer derivatives products to EU clients under a harmonized regulatory framework.
- Mandatory KYC — All users must complete identity verification since 2023, strengthening anti-money laundering (AML) protections.
Compared to Binance (21+ licenses, full MiCA compliance) and Kraken (established EU presence since 2011), Bybit's regulatory maturity is still catching up. For EU users who prioritize regulatory certainty, this is an important consideration. Learn more about KYC in our KYC guide .
Bybit vs Binance vs Kraken vs OKX
How does Bybit stack up against the other leading exchanges? Here's a side-by-side comparison:
| Feature | Bybit | Binance | Kraken | OKX |
|---|---|---|---|---|
| Founded | 2018 | 2017 | 2011 | 2017 |
| Spot Fee | 0.10% | 0.10% | 0.25% | 0.10% |
| Futures Fee | 0.02% / 0.055% | 0.02% / 0.05% | 0.02% / 0.05% | 0.02% / 0.05% |
| Coins Listed | 600+ | 350+ | 200+ | 350+ |
| Max Leverage | 100x | 125x | 50x | 100x |
| Copy Trading | Yes | Yes | No | Yes |
| Insurance Fund | No public fund | $1B SAFU | PoR only | Risk reserve |
Data as of April 2026. Fees reflect default tiers without volume discounts. For a full comparison, see our Best Crypto Exchanges guide.
Who Is Bybit Best For?
Best For
- Active derivatives traders who want a clean, purpose-built futures interface
- Copy traders looking for transparent P&L stats and proven strategies
- Altcoin hunters who want access to 600+ tokens, including early listings
- Bot traders who want built-in grid and DCA bots without third-party tools
- Intermediate traders who find Binance's interface overwhelming
Not Ideal For
- Regulated EU/US users who prioritize full regulatory compliance and insurance
- Complete beginners who may prefer a simpler, more guided experience
- Long-term holders who only buy-and-hold and want maximum security guarantees
- Large-volume traders who need the deepest possible liquidity on every pair
- Fiat-first users who rely heavily on SEPA or local bank transfers
How to Get Started on Bybit
- Create your account — Visit Bybit's website and register with your email address or phone number. The signup process takes under 2 minutes.
- Complete KYC verification — Upload a government-issued ID and proof of address. Most verifications are processed within 10-30 minutes.
- Deposit funds — Transfer crypto from another wallet, or use a supported fiat on-ramp (card or third-party payment provider) to fund your account.
- Start trading — Navigate to the spot or derivatives trading interface. Bybit's unified trading account makes it easy to switch between products.
- Enable security features — Set up Google Authenticator 2FA, anti-phishing code, and withdrawal address whitelisting. Read our security guide for full setup instructions.
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Frequently Asked Questions
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