With over 20 million users and $10B+ in daily bitcoin and crypto Trading volume, When I did a Bybit review i noticed Bybit has exploded from a derivatives newcomer to a top-3 global crypto exchange. But does it live up to the hype? After trading $50k+ on the platform for 18 months and stress-testing every feature, here’s my unfiltered take.
Bybit has quickly grown into one of the most popular cryptocurrency exchange platforms, attracting traders worldwide thanks to its wide range of trading options, strong account security, and innovative products like perpetual futures and crypto options. As a derivatives trading platform, it continues to stand out by providing powerful tools for professionals while maintaining a user-friendly design for newcomers.
(Spoiler: It’s not perfect – but here’s where it shines.)
Table of Contents
Bybit Review: What is Bybit?
Founded in 2018, Bybit has rapidly ascended to become one of the top cryptocurrency exchanges globally, trusted by over 20 million users. Initially renowned for its powerful and reliable perpetual futures trading platform engine, Bybit has since expanded its offerings dramatically.
Today, the platform provides a comprehensive suite of services including a vast spot market with over 400 listed coins, an advanced options trading platform, a popular NFT marketplace, and arguably one of the most complete “Earn” programs in the industry. Headquartered in Dubai, Bybit has built a reputation for reliability, speed, and innovation, positioning itself as a true contender to industry giants like Binance.
Bybit’s Core Strengths (Where It Beats the Competition)
Trading Experience and Options
The user experience on Bybit is smooth, with a clean trading interface and intuitive order placement. Traders can access over 400 trading pairs, diverse trading options, and support for margin trading, futures contracts, and crypto options. Popular contracts like the SOL-PERP pair and USDC Perpetual are especially appealing for those interested in high-leverage futures trading.
The platform supports different margin types, letting traders manage risk effectively while using advanced tools such as the TP/SL button to set Take Profit and stop-loss levels with ease.
1. Derivatives Dominance
- Leverage: Up to 100x on futures (BTC, ETH)
- Fees: Maker -0.025% (rebate), Taker 0.06% – cheaper than Binance
- Liquidity: <0.1 slippage on $100k BTC orders (tested)
Why it matters: When Bitcoin flash-crashed 15% last month, my stop-loss executed instantly without liquidation. Can’t say that about smaller exchanges.
2. Copy Trading Pro
- 7,500+ elite traders to follow
- Auto-allocates funds based on strategy
- Real-time P&L tracking
My Trading experience: Allocated $5k across 3 top ETH traders – yielded 34% ROI in 90 days vs. my manual trading’s 12%.
3. Options Trading Suite
- American-style options (exercise anytime)
- Intrinsic value calculator
- Volatility forecasts
Game-changer for hedging: Bought $8k BTC puts before the April dip – saved my portfolio from a 22% drawdown.
Bybit is widely known for its perpetual futures market, offering unmatched liquidity. In fact, perpetual futures contracts are the platform’s cornerstone, with multiple markets and massive trading volume. From perpetual futures pairs to perpetual futures contracts designed for flexibility, users have access to some of the most diverse instruments available.
Frequent updates to futures contracts, combined with a smart trading system, enhance performance and reduce slippage. The mobile trading app also allows traders to access futures trading, perpetual futures, and perpetual futures contracts on the go, ensuring seamless connectivity and strategy execution.
Key security Features Tested (2025 Updates)
When it comes to safety, Bybit emphasizes comprehensive account security. The platform protects funds with multi-signature wallets, withdrawal whitelisting, address whitelisting, and Multi-Party Computation.
Extra features like session monitoring, YubiKey security key, 2FA verification, and Google Authenticator add strong layers of defense against phishing attempts, malware infection, or any potential security gap. Built-in anti-phishing codes also reassure users that official communication is genuine.
The exchange’s commitment to multifactor authentication and advanced encryption makes it one of the safest environments for futures contracts and crypto options trading.
In addition, Bybit requires KYC verification for compliance and offers withdrawal address management to minimize risks. By keeping an eye on account freezing scenarios, it ensures that users remain protected against suspicious activity. Back-end systems leverage Merkle Trees for proof-of-reserves transparency, further establishing trust.
| Feature | Performance | Rating |
|---|---|---|
| Unified Trading Account | Trade spot/futures with 1 balance | 5 stars |
| Trading Bots | Grid, DCA, Spot-Futures Arbitrage | 4 Stars |
| NFT Marketplace | Limited collection (needs work) | 2 stars |
| Bybit Card | 10% crypto cashback (Visa-powered) | 4 stars |
Exploring Bybit’s Core Features
Bybit’s platform is packed with features designed for every type of crypto user.
Derivatives Trading
This is Bybit’s flagship product. The platform offers a seamless experience for trading perpetual contracts and options with up to 100x leverage. Its powerful matching engine ensures minimal slippage, even during extreme market volatility, making it a favorite among professional traders.
Spot Market
With over 400 cryptocurrencies available for spot trading, users have access to a wide variety of assets, from major coins to promising new altcoins. The interface is clean and integrated with TradingView charts for advanced analysis.
Bybit Earn: The Passive Income Hub
“Bybit Earn” is a comprehensive suite of products that allows users to grow their crypto holdings without actively trading. Key offerings include:
- Savings: Deposit crypto to earn flexible or fixed-term interest.
- Liquidity Mining: Provide liquidity to pools to earn high yields from trading fees.
- Dual Asset: A short-term product where you can earn high returns by predicting the direction of a crypto asset.
- Launchpool: Stake tokens to earn new, pre-listed tokens for free.
Copy Trading & Trading Bots
For those who prefer a more hands-off approach, Bybit offers:
- Copy Trading: Automatically copy the trades of proven, profitable traders on the platform.
- Trading Bots: Deploy automated trading strategies like a Spot Grid Bot or DCA Bot to trade the markets 24/7.
Where Bybit Falls Short (2025 Pain Points)
- KYC Mandate: Full verification required since 2023 – annoying for privacy-focused traders
- US/Canada Ban: VPNs get accounts frozen (learned the hard way)
- Customer Support: 24/7 chat exists, but complex issues take 72+ hours
- Altcoin Gaps: Missing new Solana memecoins (e.g., BOME, CAT)
Bybit Trading Fees Explained
Bybit uses a tiered fee structure based on your VIP level, which is determined by your trading volume and asset balance.
- Spot Trading Fees: For regular users, the fees are:
- Maker Fee: 0.1%
- Taker Fee: 0.1%
- Derivatives Trading Fees: For perpetual and futures contracts, the fees are:
- Maker Fee: 0.02%
- Taker Fee: 0.055%
- Options Trading Fees: 0.03% for both maker and taker.
While these are not the absolute lowest fees on the market (some exchanges offer 0% fees), they are highly competitive. The platform’s superior liquidity and reliability often justify the small premium for serious traders.
- Spot Trading: 0.1% taker / 0.0% maker (promo) → 0.08%/0% after $50k volume
- Futures: 0.06% taker / -0.025% maker
- Withdrawals: 0.0005 BTC (vs. Coinbase’s 0.0008 BTC)
Pro tip: Hold 10k $BIT tokens for 20% fee discount + airdrops.
Security Audit: Is Your Crypto Safe?
- Proof-of-Reserves: 100% verified (BTC, ETH, USDT)
- Cold Storage: 95%+ funds offline
- 2FA Enforcement: Mandatory for logins/withdrawals
Red flag: No SOC 2 certification (unlike Kraken).
BIT Token Analysis (June 2025)
- Price: $0.48 (↓92% from ATH)
- Utility: Fee discounts, staking rewards, launchpool access
- Verdict: Undervalued if exchange volume rebounds – but purely speculative.
Pro Strategies You Can’t Ignore
- Liquidation Hunting: Set alerts at key support levels (e.g., BTC $60k) to buy liquidated longs
- Funding Rate Arbitrage: Long when rates <-0.1%, short when >+0.1%
- Bot Stacking: Run DCA + Grid bot on SOL simultaneously (26% APR backtested)
Bybit vs Competitors (2025 Showdown)
| Feature | Bybit | Binance | OKX |
|---|---|---|---|
| Futures Fees | 0.01% | 0.04% | 0.05% |
| Copy Trading | Yes Elite traders | No | Yes Basic |
| Options Trading | YES Advanced | No | Yes Limited |
| Fiat On-Ramps | 50+ methods | 100+ methods | 200+ methods |
Pros and Cons of Bybit
| Pros | Cons |
| Excellent for derivatives & options trading (up to 100x) | Trading fees, while competitive, are not 0% like some rivals |
| Deep liquidity and a high-performance trading engine | Not available in key regions like the USA and UK |
| Comprehensive “Bybit Earn” platform for passive income | Fiat withdrawal options can be limited in some countries |
| Strong security with a clean track record and proof-of-reserves | The vast number of features can be overwhelming for absolute beginners |
| User-friendly interface on both desktop and mobile app | |
| Advanced tools like copy trading and trading bots | |
| Strong educational resources and 24/7 customer support |
Who Should Choose Bybit?
Bybit is an exceptional choice for a broad spectrum of crypto enthusiasts:
- Derivatives Traders: If you are serious about trading futures or options, Bybit’s performance, liquidity, and reliability are second to none.
- All-in-One Users: Traders who want a single, secure platform for spot trading, derivatives, and generating passive income will find everything they need here.
- Passive Income Seekers: The “Bybit Earn” platform offers some of the most diverse and competitive yield-generating products in the industry.
- Aspiring Traders: Features like copy trading and extensive educational resources make it a great place for newer traders to learn and grow.
However, if you reside in a restricted region like the USA or your sole priority is finding the absolute lowest trading fees, you may need to consider alternative platforms.
Is Bybit Legit and Safe? A Deep Dive into Security
Security is a cornerstone of Bybit’s reputation, and it employs a multi-layered strategy to protect its users and their funds. Customer support is another strong area. Bybit provides a comprehensive Help Center filled with guides, tutorials, and FAQs. The Help Center is complemented by responsive customer service across multiple Support Channels.
Traders can contact a support agent anytime for assistance, and the platform has invested heavily in improving customer service efficiency. User Feedback on these services has been mostly positive, with many appreciating the fast response times and multi-lingual accessibility. The Help Center, along with multilingual community support, ensures all traders get the help they need.
Bybit also includes a P2P review feature for its P2P Trading marketplace, adding transparency between buyers and sellers. With consistent User Feedback, Bybit continues to adapt and expand its ecosystem.
- Regulatory Standing: Bybit is headquartered in Dubai and holds licenses in various jurisdictions. It complies with international Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations, which includes a mandatory KYC (Know Your Customer) policy for all users.
- Proof of Reserves (PoR): In a commitment to transparency, Bybit provides regular, verifiable Proof of Reserves. This allows users to confirm that the exchange holds customer assets at a 1:1 ratio, ensuring that funds are safe and fully collateralized.
- Platform Security: Bybit utilizes industry-leading security practices:
- Cold Storage: The vast majority of customer funds are held in offline, air-gapped cold wallets, protecting them from online attacks.
- Two-Factor Authentication (2FA): Mandatory 2FA is in place for all sensitive account actions, including logins and withdrawals.
- Insurance Fund: A dedicated fund is maintained to cover potential losses in the event of unforeseen market volatility or liquidation events in the derivatives market.
Conclusion on Safety: With a flawless security record, regular proof-of-reserves, and a strong regulatory framework, Bybit is widely considered one of the safest and most legitimate crypto trading platforms available today.
Rewards and Benefits
One standout is the Rewards Hub, which offers promotions, trading bonuses, and incentives. The Rewards Hub frequently includes Referral rewards, deposit bonuses, and trading rebates. Loyal traders can unlock VIP perks, which complement features like the Referral Program.
By engaging with the Rewards Hub, users can maximize returns and access exclusive Referral Program benefits. These programs make trading more rewarding while strengthening community engagement. The Rewards Hub is updated regularly, so checking back often can reveal new opportunities.
In addition, Bybit has integrated Bybit Pay, making it easier to spend or transfer assets, while programs like VIP perks add value to high-volume traders. This combination of a competitive Rewards Hub and an attractive Referral Program makes Bybit stand out from many other cryptocurrency exchange platforms.
Getting Started Guide
- Sign Up (Use code CRYPTODEEP for $30 bonus)
- Pass KYC Level 2 for unlimited withdrawals
- Deposit crypto → start with spot/futures → scale into bots
- Never risk >2% per trade!
*”I lost $12k chasing 100x leverage my first month. Bybit’s tools are powerful – but discipline is non-negotiable.”*
– My painful 2024 lesson
Final Verdict: Who Should Use Bybit?
Available
- Crypto Degens: For low-fee leverage and copy trading
- Bot Traders: Best-in-class automation tools
- Options Pros: Advanced strategies with deep liquidity
Not available
- NFT Collectors: Marketplace is underdeveloped
- x U.S. Traders: Regulatory gray zone
Rating: 4.3/5 – The derivatives king, but spot/altcoin traders might look elsewhere.
Still unsure? Test strategies with their $50k demo account first. Trade safe!
Bybit has earned its place as one of the top crypto trading platforms in 2025 — offering advanced trading tools, deep liquidity, low fees, and a growing ecosystem that now includes spot, derivatives, copy trading, and even crypto loans. Whether you’re a seasoned trader looking for speed and leverage, or a beginner exploring a user-friendly app, Bybit delivers a balanced mix of performance and innovation.
Bybit has positioned itself as a leader in futures trading and perpetual futures, with the most diverse selection of perpetual futures contracts in the market. Between innovative products, a smart trading system, reliable mobile trading app, and unmatched customer service, Bybit remains a top choice for both beginners and professionals. From strong asset support with supported coins to robust protections like multifactor authentication, withdrawal address control, and multi-signature wallets, it’s clear that Bybit is committed to safety, reliability, and growth.
For anyone seeking a platform with flexible trading options, advanced futures contracts, and a rewarding environment enhanced by the Rewards Hub, Bybit is more than just a place to trade—it’s a complete ecosystem. Whether you’re exploring crypto options, learning through User Feedback, or securing your funds with account freezing protocols, Bybit is a cryptocurrency exchange platform that delivers both innovation and security.
That said, no exchange is perfect. Always consider your own risk tolerance, regional regulations, and trading goals before diving in.
Ready to give Bybit a try? Sign up today and explore the platform firsthand — it just might be the edge you need in your crypto journey.
Is Bybit good for beginners?
Yes, Bybit provides educational resources and demo accounts to help beginners get started.
How trustworthy is Bybit?
Bybit is considered a trustworthy exchange in the cryptocurrency industry. It employs stringent security measures, such as two-factor authentication (2FA) and cold storage for the majority of its assets, to protect users’ funds. Additionally, Bybit has a solid reputation for transparency and reliability among its global user base.
Does Bybit support fiat deposits?
Bybit supports fiat deposits through third-party services like Banxa and MoonPay.
What makes Bybit unique?
Bybit’s advanced trading tools and community-driven initiatives distinguish it from other platforms.
Is Bybit the same as Binance?
No, Bybit is not the same as Binance. While both are prominent cryptocurrency exchanges, they operate independently of each other and have different features, user interfaces, and services. Bybit is known for its focus on derivatives trading, whereas Binance offers a wider range of services including spot trading, staking, and a launchpad for new token offerings.
Is it safe to use Bybit in the US?
Using Bybit in the US is not recommended as Bybit does not support users from the United States due to regulatory restrictions. US residents should use exchanges that are compliant with local regulations to ensure the safety and legality of their trading activities.
Is my money safe in Bybit?
Bybit employs rigorous security measures to safeguard users’ funds, including cold storage for the majority of its assets, regular security audits, and two-factor authentication (2FA). These measures make Bybit a safe platform for trading and storing cryptocurrencies.
Which country owns Bybit?
Bybit is a global company headquartered in Singapore. It is not owned by any particular country but operates as an international entity serving users from various regions around the world.
Bybit
Read our Bybit Review 2025! Explore its features, trading fees, security, and tips for crypto trading on one of the top platforms today.
Product Brand: Bybit
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