Bybit Review (2025): Bybit is a top-tier cryptocurrency exchange known for its advanced trading tools, low fees, and high-leverage derivatives trading (up to 100x). It offers spot trading, copy trading, staking, and passive income options, with strong security measures like cold wallet storage and 2FA. While it’s not available in the U.S., Bybit provides a seamless experience for global traders with a user-friendly interface, mobile app, and 24/7 customer support
Cryptocurrency trading platforms have evolved significantly over the years, and Bybit has established itself as a strong contender in the derivatives and spot trading space. Founded in 2018, Bybit has gained a reputation for its user-friendly interface, high liquidity, and robust security features. In this review, we will analyze Bybit’s offerings, covering its features, trading experience, security, fees, customer support, and more to help you decide if it’s the right platform for your crypto trading needs.
1. Overview of Bybit
Bybit is a crypto exchange primarily known for its derivatives trading but has expanded into spot trading, staking, and other financial products. It is headquartered in Dubai and serves users worldwide, with an emphasis on advanced trading tools and fast execution speeds.
Pros:
Low fees compared to competitors
High leverage (up to 100x) for derivatives trading
Advanced trading tools, including TradingView integration
Strong security measures
No mandatory KYC for basic trading
Cons:
Not available in the U.S. and some restricted regions
High leverage can increase risk for beginners
Limited fiat deposit options
2. Trading Experience
a. Derivatives Trading
Bybit started as a derivatives exchange, allowing traders to trade perpetual and futures contracts with leverage up to 100x. It supports major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other altcoins.
Key Features:
- Cross & Isolated Margin Trading – Allows traders to manage risk effectively.
- Advanced Order Types – Includes limit, market, conditional, and trailing stop orders.
- Insurance Fund – Protects traders from excessive losses in high-volatility conditions.
b. Spot Trading
Bybit introduced spot trading in 2021, offering over 400 trading pairs with deep liquidity. The platform provides zero fees on selected trading pairs, making it an attractive option for cost-conscious traders.
c. Copy Trading
Bybit allows users to copy expert traders, making it easier for beginners to enter the market. You can choose a trader based on their performance and risk profile.
3. Fees & Charges
Bybit’s fee structure is competitive compared to other top exchanges like Binance and OKX.
- Spot Trading Fees: 0.1% maker/taker fees (reduced with VIP status)
- Derivatives Trading Fees:
- Maker Fee: 0.01%
- Taker Fee: 0.06%
- Withdrawal Fees: Varies by asset (e.g., 0.0005 BTC for Bitcoin)
- Deposit Fees: Free for crypto deposits, but fiat deposits may incur third-party processor fees
Bybit also offers a VIP tier system where high-volume traders can enjoy lower fees.
4. Security & Regulation
Security is a priority for Bybit, and the exchange employs several measures to protect user funds and data.
Security Features:
🔹 Cold Wallet Storage – 100% of customer funds are stored in cold wallets to prevent hacking.
🔹 Two-Factor Authentication (2FA) – Required for withdrawals and security settings.
🔹 Anti-Phishing Code – Helps prevent phishing attacks on user accounts.
🔹 Fund Protection – Bybit’s insurance fund is designed to mitigate potential liquidation losses.
However, Bybit is not regulated in the U.S. and certain other jurisdictions, meaning users should be aware of legal restrictions in their countries before trading.
5. Deposits & Withdrawals
Bybit supports crypto deposits and withdrawals, with limited fiat options via third-party payment providers like Banxa and MoonPay.
🔹 Crypto Deposits: Instant and free
🔹 Crypto Withdrawals: Processed three times daily with low fees
🔹 Fiat Onramps: Supports fiat purchases via credit card, bank transfer (through third-party services)
For users who want quick access to fiat, platforms like Binance or Kraken might offer more seamless options.
6. Bybit Earn & Passive Income Options
Bybit provides multiple ways for users to earn passive income:
🔹 Bybit Savings: Lock up assets and earn interest.
🔹 Liquidity Mining: Provide liquidity in pools for returns.
🔹 Dual Asset Mining: High-yield structured products for experienced traders.
🔹 Launchpad & Launchpool: Early access to new tokens with staking rewards.
These features make Bybit attractive for users looking to grow their crypto holdings passively.
7. Customer Support & User Experience
Bybit offers 24/7 live chat support along with an extensive help center covering FAQs and guides. Most users report fast response times, making it one of the better exchanges for customer service.
🔹 Support Channels: Live chat, email, and social media
🔹 Educational Resources: Bybit Learn provides tutorials and market insights for traders
The platform is also highly intuitive, with a well-designed UI for both desktop and mobile users.
8. Mobile App Review
Bybit’s mobile app is available on iOS & Android and mirrors the web platform’s functionality.
Key Features:
Fast order execution
Price alerts & notifications
Mobile-friendly charting tools
Quick access to deposits & withdrawals
The app is well-rated, but some users report occasional lag during peak trading hours.
9. Final Verdict: Is Bybit Worth Using?
Bybit is an excellent choice for experienced traders who need advanced tools, high leverage, and competitive fees. Its security measures and trading options make it one of the best crypto exchanges in 2025.
Who Should Use Bybit?
Active traders looking for low fees & high leverage
Crypto investors seeking passive income options
Users who prefer non-KYC exchanges for privacy
Who Should Avoid Bybit?
U.S. residents due to regulatory restrictions
Beginners who might find derivatives trading too risky
Users needing extensive fiat on/off-ramp options
Overall Rating: 4.5/5 ⭐