Overview
Coins Offered | 140+ |
Spot Trading Fee | 0.10% Maker 0.10% Taker |
Derivatives Trading Fee | 0.01% Maker 0.06% Taker |
Fiat Wallets | 0 (Not Supported) |
BTC Withdrawal Fee | 0.0005 BTC |
Notable Features | - Advanced trading - Simple interface - Low trading fees - 100,000 transactions per second |
Restricted Countries |
Our Review
Bybit is an advanced trading platform with 140+ cryptocurrencies, spot trading, derivatives, other advanced features and a great user interface. They have low 0.10% trading fees and over 5 million users. Overall, it's a great platform for advanced trading.
Where It Shines:
Where It Falls Short:
What Is Bybit?
Bybit is a professional cryptocurrency exchange founded in 2018. They have over 5 million users and offer an advanced trading experience.
On the platform, you will find 100+ trading pairs, 4 contract types and a clear user interface. Bybit says the platform has 99.9% uptime and they can handle up to 100,000 transactions per second, making sure your trades are always filled.
Some Stats:
- Founded in 2018
- Over 5 million registered users
- Headquarters in Dubai
Deposit & Withdrawals
Bybit does not support fiat trading pairs or fiat wallets. You can only hold crypto balances in your account.
The best way to fund your account is probably to deposit crypto from a local exchange or use the P2P Trading Desk if your local currency is available. The third option is to use the Fiat Gateway to make fiat to crypto purchases however the fees are high since it's done through third-payment providers.
Fiat Currencies
Fiat Wallets (Deposit/Withdrawals supported) | 0 (Not supported) |
Credit/Debit Card | Yes (via third-parties Simplex, MoonPay, Banxa) |
P2P Exchange | Yes |
Crypto Withdrawal Fees
Type | Fee | Minimum Withdrawal |
|---|---|---|
Bitcoin | 0.0005 BTC | 0.001 BTC |
Ethereum | 0.005 ETH | 0.02 ETH |
USDT | 10 USDT | 20 USDT |
XLM | 0.02 XLM | 8 XLM |
What Can You Do On Bybit?
1. iOS, Android and Web App
2. Express Buy
3. Spot Trading
4. Derivatives
Bybit offers 4 different contract types:
- USDT Perpetual
- Inverse Perpetual
- Inverse Futures
- USDC Perpetual
5. Copy Trading
6. P2P Trading
7. Bybit Earn
8. Rewards Hub
9. Launchpad
10. NFT Marketplace
11. Other Bybit Features
- VIP Program
- Referral & Affiliate Program
- API Keys Management
- Institutional Services
- Bybit Learn
Security
Bybit does not share a lot of their security info online but here is what we were able to find:
Company Security Features
- Stores crypto offline on cold storage
- "All withdrawals undergo a strict confirmation procedure"
- 99.9% availability. Bybit says the platform handles 100k transactions per second
- Never had any hacks or incidents (founded in 2018)
- Insurance Fund
User Security Features
- 2FA (SMS, email or authenticator app)
- Setup trusted devices
- Anti-phishing codes for emails
- View login history for suspicious activity (IP address, date, time, etc)
Can You Trust Them?
Yes, Bybit is considered a safe cryptocurrency exchange. They offer 2FA, hold crypto in cold storage, and have never had any hacks or incidents (founded in 2018). They also have over 5 million registered users who trust the platform.
⚠️ Although Bybit is considered safe, over 50% of platforms we tested have had hacks or incidents in the past. We strongly recommend storing and protecting your crypto on a non-custodial wallet where you own the private keys. Preferably, a reputable hardware wallet like the Ledger Nano X.
Fees & Spread
Trading Fee Discounts
Price Test & Spread
Price Test (Coming Soon) | Prices |
|---|---|
Total BTC Purchase Fee | - |
Total BTC Selling Fee | - |
Spot Trading Fee | 0.10% Maker 0.10% Taker |
Derivatives Trading Fee | 0.01% Maker 0.06% Taker |
BTC Spread | - |
BTC Buy Price | - |
BTC Sell Price | - |
Ref. Price Difference | - |
Reference Price (Google) | - |
We tested 20 cryptocurrency exchanges at the same time to compare the true fees. This data was collected on Mar 2, 2022 at 4:41pm and is subject to change since spreads and prices change daily.
- *Total BTC Purchase Fee = Trading Fee + Buy Reference Price Difference
- *Total BTC Selling Fee = Trading Fee + Sell Reference Price Difference
Keep in mind, there could be additional fees for depositing/withdrawing fiat. Check fees for your local fiat currency if it is supported on this exchange.
You can compare all platforms tested on this page.
Customer Support
Bybit says they have 24/7 customer support which can be accessed via live chat. You can also submit a request via email or access their help center which offers a variety of articles and FAQs.
Compared
Compare the world's most popular cryptocurrency exchanges:
Name | Coins | # of Features | Standard Trading Fee | Supported Countries | Fiat Wallets? | BTC Withdrawal Fee | Website |
|---|---|---|---|---|---|---|---|
240+ | 15+ | 0.10% | 190+ | No | 0.0005 BTC | ||
 Binance 🏆(#1 overall) | 600+ | 30+ | 0.10% | 100+ | Yes | 0.0005 BTC | |
150+ | 15+ | 0.20% | ? | Yes | 0.0004 BTC | ||
750+ | 10+ | 0.25% | 180+ | No | 0.0005 BTC | ||
50+ | 5+ | 0.50% | ? | Yes | 0.0005 BTC | ||
300+ | 5+ | 0.75% | 100+ | Yes | 0.0003 BTC | ||
140+ | 15+ | 0.10% | 180+ | No | 0.0005 BTC | ||
170+ | 10+ | 3.99% | 100+ | Yes | Dynamic | ||
110+ | 5+ | 0.60% | 100+ | Yes | Dynamic | ||
30+ | 10+ | 0.10% | 150+ | Yes | 0.15% | ||
250+ | 20+ | 0.40% | 90+ | Yes | 0.0006 BTC | ||
40+ | 10+ | 0% | 50+ | Yes | 0.50% | ||
1400+ | 30+ | 0.195% | 190+ | No | 0.001 BTC | ||
60+ | 15+ | 1.49%+ | 60+ | Yes | 0.001 BTC | ||
60+ | 10+ | 0% | 100+ | Yes | 0.0005 BTC | ||
500+ | 20+ | 0.20% | 130+ | Yes | 0.0005 BTC | ||
190+ | 10+ | 0.26% | 190+ | 0.00002 BTC | |||
700+ | 20+ | 0.10% | 190+ | No | 0.0005 BTC | ||
350+ | 25+ | 0.10% | 100+ | No | 0.0002 BTC* | ||
300+ | 10+ | 0.155% | 100+ | No | 0.0005 BTC | ||
130+ | 10+ | 0% | 180+ | Yes | 0.0003 BTC + $2.99 |
Here are the best crypto exchanges around the world that are supported in many countries. We assessed 21 platforms across 40+ variables and 950+ data points.
Bybit
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