Bybit Review 2026 — Fees, Security & Features
Tapat na Bybit review para sa 2026. Sinusubok namin ang fees (0.10%), security, 600+ coins, copy trading, at futures. Buong paghahambing sa Binance, Kraken.
Mabilis na Stats
Bybit is a derivatives-first exchange that's grown into one of the largest in crypto, popular for its fast futures engine, copy trading, and beginner-friendly app. It's lighter on regulation than some rivals, which is worth weighing. This review covers the fees, security, features, and who Bybit suits best, so you can judge it against the alternatives.
✓ ~$3.5T
Reported 2024 spot + derivatives notional volume per CoinGecko aggregated exchange data. Bybit ranks behind Binance and ahead of on most monthly derivatives league tables; the earlier marketing figure of $8T circulating in some 2025 decks conflated multi-year cumulative flow with annual volume.
✓ 60M+
Registered accounts worldwide as of mid-2025, up from roughly 20M at the end of 2023. Active monthly traders are a much smaller subset — Bybit does not publish DAU/MAU, but Similarweb session data suggests low single-digit millions of monthly visitors to bybit.com.
✓ 600+
Spot listings as of early 2026, alongside ~300 USDT-margined perpetuals, USDC perps, inverse contracts, options on BTC/ETH/SOL, and tokenised equity perps. Coverage of small-cap altcoins is broader than Kraken but listings can be delisted with 7–14 days' notice.
✓ 0.10% / 0.055%
Standard spot taker fee and USDT perpetual taker fee at the base VIP-0 tier. Maker rebates of -0.005% on perps are available from VIP-1 (≥$10M 30-day volume). Fees fall to 0.02%/0.05% on spot at VIP-Pro tiers; see Bybit's published fee schedule for the full ladder.
Aming Hatol: 4.5 / 5
Ang Bybit, itinatag noong 2018 at nakabase sa Dubai sa ilalim ng VARA Minimum Viable Product licence (ipinagkaloob 2024), ay isa sa pinakamalalaking crypto derivatives venues ayon sa volume, na may lumalagong spot business at mahigit 60 milyong rehistradong account sa kalagitnaan ng 2025. Ang product suite nito ay sumasaklaw sa spot, USDT- at USDC-margined perpetuals, inverse perpetuals, options sa BTC, ETH at SOL, copy trading, earn/savings desk, at launchpad. Ang aggregated 2024 figures ng CoinGecko ay naglalagay sa pinagsamang spot at derivatives volume sa paligid ng $3.5 trilyon — malaki, ngunit mas mababa nang husto sa $8 trilyong figure na kumalat sa ilang 2025 marketing decks, na tila pinagsasama ang multi-year cumulative flow sa taunang numero.
Ang pangunahing pangyayari para sa anumang tapat na 2026 Bybit review ay ang February 21, 2025 exploit. Ang mga umatake — iniugnay ng FBI (IC3 advisory, Peb 26, 2025), Elliptic, at on-chain investigator na si ZachXBT sa Lazarus Group / TraderTraitor cluster ng North Korea — ay nakompromiso ang routine cold-to-warm Ethereum transfer na nilagdaan sa pamamagitan ng Safe{Wallet} interface at nag-drain ng humigit-kumulang 401,000 ETH na nagkakahalaga ng mga $1.4 bilyon noong panahong iyon. Ito ang pinakamalaking solong crypto exchange theft na naitala, na lumampas sa 2018 Coincheck (~$530M) at 2014 Mt. Gox (~$450M noong panahong iyon) na mga insidente. Pinalitan ng Bybit ang ninakaw na ETH sa loob ng 72 oras sa pamamagitan ng treasury funds, OTC purchases, at short-term loans mula sa peer exchanges; ang customer balances ay ginawang buo, nang walang auto-deleveraging sa perpetuals at walang socialised losses. Ang cold reserves sa labas ng signing flow ay hindi nagalaw, at ang post-mortem ay tumuro sa supply-chain compromise ng isang Safe{Wallet} developer machine sa halip na depekto sa sariling infrastructure ng Bybit.
Maliban sa insidenteng iyon, ang Bybit ay nakakakuha ng mataas na marka sa fees, lawak ng produkto, at Proof-of-Reserves cadence (buwanang Merkle-tree snapshots mula Disyembre 2022, na may reserve ratios na ≥100% sa bawat ulat kabilang ang post-hack Marso 2025 snapshot), at mas mahina sa regulatory footprint. Hindi ito lisensyado sa United States, idinagdag sa UK FCA consumer-warning list noong Marso 2022, nag-settle sa Ontario Securities Commission noong Hunyo 2022, at umabot sa settlement sa New York Department of Financial Services noong 2024. Ang EU access sa 2026 ay nakadepende sa MiCA CASP passporting sa pamamagitan ng isang member state sa halip na pan-EU primary licence. Ang mga trader na komportable sa offshore venue, na nag-uuna ng altcoin breadth at derivatives liquidity, ay makakakita ng competitive na Bybit; ang mga gustong US/EU-regulated custody o mas mahabang track record ay mas mananaig ang Kraken o MiCA-primary EU venue.
Mga Kalamangan at Kahinaan
✓ What We Like
600+ spot pairs with broader altcoin coverage than Kraken. Established copy-trading product with public leaderboards, position-size caps, and a master-trader profit-share model. Up to 100x leverage on major USDT perpetuals (BTC, ETH, SOL) and 50x on most mid-caps. Competitive base fees: 0.10% spot taker, 0.02% maker / 0.055% taker on USDT perps. Monthly Merkle-tree Proof of Reserves since December 2022 — one of the earliest post-FTX implementations. Customer balances were made whole within seven days after the February 2025 exploit, funded from the company balance sheet and a syndicated bridge loan, with no socialised losses or ADL events on perpetual positions.
✓ What Could Be Better
February 21, 2025 cold-to-warm signing exploit drained ~401,000 ETH (~$1.4B at the time), attributed by the FBI and on-chain investigators to North Korea's Lazarus Group — the largest single crypto exchange theft on record. Spot order-book depth still trails Binance on BTC, ETH, and most majors; slippage on $1M market orders is meaningfully wider. Founded in 2018, so a shorter operating history than Kraken (2011) (2012). Not licensed in the US, UK (FCA consumer-warning list since March 2022), or Canada (Ontario settlement, June 2022); the EU footprint depends on a MiCA CASP authorisation that, as of early 2026, is sourced via a single member-state passport rather than a pan-EU primary licence. No native fee-discount token comparable to BNB — claims that holding MNT (Mantle) confers BNB-style fee rebates are inaccurate; MNT is a separate L2 ecosystem token.
Breakdown ng Bybit Fee
| Produkto | Maker Fee | Taker Fee |
|---|---|---|
| Spot Trading | 0.10% | 0.10% |
| Perpetual Futures | 0.02% | 0.055% |
| Inverse Futures | 0.02% | 0.055% |
| Crypto Deposit | Free | Free |
| Fiat Deposit | Varies | — |
| Crypto Withdrawal | Varies | — |
VIP tiers: Nag-aalok ang Bybit ng volume-based VIP tiers (VIP 1 hanggang VIP 5+) na progresibong nagbabawas ng trading fees. Ang mga high-volume na trader ay makakakuha ng maker fees na kasingbaba ng 0.005% sa spot at 0.0000% sa futures. Ang paghawak at pag-stake ng native token ng Bybit ay maaaring mag-unlock din ng fee benefits. VIP tiers: Nag-aalok ang Bybit ng volume-based VIP tiers (VIP 1 hanggang VIP 5+) na progresibong nagbabawas ng trading fees. Ang mga high-volume na trader ay makakakuha ng maker fees na kasingbaba ng 0.005% sa spot at 0.0000% sa futures. Ang paghawak at pag-stake ng native token ng Bybit ay maaaring mag-unlock din ng fee benefits.
Security: Gaano Kaligtas ang Bybit?
Cold Storage, Multi-Sig, and the Feb 2025 Breach
Bybit states that the majority of user funds sit in offline multi-signature cold wallets, with hot/warm wallets sized to daily withdrawal flow. On February 21, 2025, attackers compromised a routine cold-to-warm Ethereum transfer: signers using the Safe{Wallet} (formerly Gnosis Safe) interface were shown a legitimate-looking transaction in their hardware-wallet displays while the underlying calldata had been swapped to delegate-call a malicious contract that re-wrote the Safe's implementation slot. ~401,000 ETH (~$1.4B at then-prices) was drained in a single transaction. The FBI (IC3 PIN dated Feb 26, 2025), Elliptic, and on-chain analyst ZachXBT attributed the theft to North Korea's Lazarus Group / TraderTraitor cluster. Cold reserves outside the signing flow were not touched. Bybit replaced the stolen ETH within 72 hours via a mix of treasury, partner loans (MEXC and others publicly disclosed bridge transfers), and an OTC ETH purchase programme; the reserve ratio for ETH on the next monthly PoR snapshot (March 2025) returned to >100%.
Account-Level Controls
Supports TOTP via Google Authenticator, SMS 2FA (with known SIM-swap caveats), withdrawal email confirmation, withdrawal address whitelisting with a 24-hour cool-down on new addresses, anti-phishing codes for email, IP-based login alerts, and biometric login on iOS/Android. Passkeys (WebAuthn) rolled out in late 2024 and are now the recommended primary factor for new accounts. API keys can be scoped to read-only or trading-only and IP-whitelisted; sub-account isolation is supported for users running automated strategies separately from a main custody account.
Bug Bounty, Audits, and Post-Mortem Disclosure
Bybit runs a public bug-bounty programme on HackerOne with payouts raised to a maximum of $4M for critical findings after the February 2025 incident (previously $4,000 maximum — the gap drew significant criticism). External penetration tests are conducted by firms including Chaintech Labs and Hacken. The post-mortem from the Feb 2025 exploit was published in stages between February and April 2025 and pointed at a compromised developer machine in the Safe{Wallet} supply chain rather than a flaw in Bybit's own signing infrastructure; Safe issued its own incident report on Feb 26, 2025 corroborating that finding. Bybit subsequently moved to in-house signing tooling for large transfers and added blind-signing detection.
Proof of Reserves
Bybit has published monthly Merkle-tree Proof of Reserves snapshots since December 2022, making it one of the earliest post-FTX implementations. Each snapshot covers BTC, ETH, USDT, USDC, and roughly 25–30 other major assets representing the bulk of customer balances; reserve ratios are published per-asset and have remained ≥100% on every monthly snapshot, including the post-hack March 2025 report. Users can verify their individual balance is included in the Merkle tree via a self-service tool in account settings. Limitations to keep in mind: PoR proves assets at a point in time, does not prove the absence of off-balance-sheet liabilities, and does not cover the full long tail of listed altcoins. It is a meaningful improvement over pre-2022 industry practice but is not a substitute for a full audited financial statement, which Bybit (as a private offshore entity) does not publish.
Mahalagang caveat: Hindi tulad ng Binance, na nagpapanatili ng $1 bilyong SAFU emergency insurance fund, ang Bybit ay walang publikong ibinunyag na insurance fund na katumbas ng laki. Ang February 2025 hot/warm-wallet exploit (~$1.4B sa ETH) ay sinakop ng sariling treasury ng Bybit, OTC purchases, at short-term loans mula sa peer exchanges sa loob ng 72 oras — ngunit ang kawalan ng pre-funded na insurance reserve ay nangangahulugang ang anumang hinaharap na insidente ay haharap sa parehong ad-hoc replenishment risk. Tingnan ang aming crypto security guide para sa best practices. Mahalagang caveat: Hindi tulad ng Binance, na nagpapanatili ng $1 bilyong SAFU emergency insurance fund, ang Bybit ay walang publikong ibinunyag na insurance fund na katumbas ng laki. Ang February 2025 hot/warm-wallet exploit (~$1.4B sa ETH) ay sinakop ng sariling treasury ng Bybit, OTC purchases, at short-term loans mula sa peer exchanges sa loob ng 72 oras — ngunit ang kawalan ng pre-funded na insurance reserve ay nangangahulugang ang anumang hinaharap na insidente ay haharap sa parehong ad-hoc replenishment risk. Tingnan ang aming crypto security guide para sa best practices.
Frequently Asked Questions
Ligtas bang gamitin ang Bybit?
Paano naghahambing ang Bybit sa Binance?
Ano ang trading fees ng Bybit?
Maaari ko bang gamitin ang Bybit sa EU?
Nangangailangan ba ang Bybit ng KYC?
Derivatives at Leveraged Products — Mahalagang Babala sa Risk
Ang derivatives ay mga kumplikadong financial instrument na may mataas na risk ng mabilis na pagkawala ng kapital. Ang leveraged trading (futures, perpetual contracts, margin trading, options) ay maaaring magresulta sa mga pagkalugi na lumalampas sa iyong paunang investment. Karamihan sa mga retail investor account ay nalulugi kapag nag-trade ng derivatives.
Dapat mong maingat na isaalang-alang kung naiintindihan mo kung paano gumagana ang derivatives at kung kaya mong harapin ang mataas na risk ng pagkawala ng iyong pera. Ang nilalamang ito ay para sa layuning pang-edukasyon lamang at hindi bumubuo ng financial advice, investment advice, o rekomendasyong mag-trade ng derivatives.
Sa European Union, ang crypto derivatives ay inuuri bilang financial instruments sa ilalim ng MiFID II. Tanging ang mga platform na may naaangkop na MiFID II authorization ang maaaring mag-alok ng mga produktong ito sa mga residente ng EU. Nag-iiba-iba ang regulatory treatment ayon sa hurisdiksyon — i-verify ang legal status ng derivatives trading sa iyong bansa bago lumahok.
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Sumali sa 50M+ na user sa isa sa mga nangungunang crypto exchange sa mundo. Competitive fees, 600+ coins, at makapangyarihang copy trading tools.
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