Broker Review Contents
Bybit Review
Bybit is a cryptocurrency exchange which was established in 2018. Traders can access a wide range of products in a variety of markets, including spot and futures.
Browser based platform and mobile apps for iPhone, Android, and tablets are among the online trading platforms offered by Bybit.Bybit is one of the fastest-growing cryptocurrency exchanges globally, known for its advanced derivatives markets, high liquidity, and professional trading tools. Founded in 2018, Bybit has rapidly expanded its product suite to include spot, futures, margin, and options trading, along with staking, savings, and Web3 integrations. The platform caters to both retail traders and institutional participants, offering deep order books, competitive fees, and a robust suite of trading features.
In this 2026 Bybit review, we break down everything you need to know — from regulation and security to fees, supported markets, trading platforms, customer support, and overall pros and cons — to help you evaluate whether Bybit is the right exchange for your crypto trading needs.
Bybit is a spot and derivatives cryptocurrency exchange. This means that Bybit offer products suitable for both investors and speculators. When you trade the spot market you own the actual coins which you buy and sell. Derivative markets allow you to speculate and trade on the price of a coin without owning it.
A minimum deposit of 1$ is required for a live account. Bybit, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform. They aren’t currently regulated. They were established in 2018 and their head office is in Singapore.
Before we get into the specifics of their spreads, fees, platforms, and trading tools, you might want to open the Bybit website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
Company Background & History
Bybit was established in March 2018 by a team with experience from traditional finance and technology firms. Initially offering perpetual contract trading on BTC and ETH, Bybit quickly added support for a broader range of derivatives and expanded into spot and margin markets. The company has offices and operational presences in multiple regions, with a focus on serving a global user base.
As crypto regulation has evolved, Bybit has incorporated compliance measures tailored to regional requirements, including KYC verification and restricted services in certain countries.
Regulation & Legal Compliance
Unlike traditional forex brokers regulated by authorities such as the FCA or ASIC, cryptocurrency exchanges operate under crypto-specific legal frameworks that vary widely across countries. Bybit does not currently hold a universal global license; instead, it adheres to applicable laws and compliance practices in the markets where it operates.
For example:
- In jurisdictions with strict licensing regimes, certain products may be restricted or unavailable.
- Residents of the United States and a few other territories may be unable to access Bybit’s main trading services due to regulatory restrictions.
Because legal requirements vary by region, traders should always check what services are permitted in their country before opening an account.
Security & Risk Management
Account Security
Bybit employs multiple layers of security to protect user accounts and assets:
- Two-Factor Authentication (2FA): Mandatory for account protection.
- Cold Storage of Funds: The majority of user assets are held in offline wallets.
- Multi-Signature Withdrawals: Enhances control over asset transfers.
- Withdrawal Whitelisting: Users can restrict withdrawals to approved addresses.
- Anti-Phishing Codes: Helps prevent fake login attempts.
These measures help reduce the risk of unauthorized access and asset theft — though as with all crypto platforms, security also depends on user practices.
Supported Markets & Tradable Assets
Bybit offers a broad selection of digital assets across multiple market types:
Spot Trading
Bybit’s spot market supports trading of:
- Bitcoin (BTC)
- Ethereum (ETH)
- Major altcoins (e.g., BNB, Solana, XRP)
- Select memecoins and emerging tokens (subject to listing standards)
Spot trading is available with deep liquidity and competitive spreads for popular pairs.
Derivatives (Futures & Perpetuals)
Derivatives are a major strength of Bybit:
- Perpetual contracts (BTC/USDT, ETH/USDT, etc.)
- Quarterly futures
- Leverage up to 100x on select contracts (region dependent)
Bybit’s derivatives platform is known for deep orderbooks and professional risk controls, making it popular with advanced traders.
Margin Trading
Bybit provides cross-margin and isolated margin trading, allowing traders to borrow funds to amplify positions. Interest rates and leverage limits vary by asset and market conditions.
Options & Structured Products
Options markets allow traders to implement advanced strategies with capped risk. Structured products and yield-generating tools provide alternative exposure to crypto markets.
Staking & Earn Products
Bybit’s passive income offerings include:
- Flexible and locked staking
- Savings accounts with variable APY
- Dual investment products
These allow users to earn rewards on holdings without directly trading.
Trading Platforms & Tools
Web Trading Interface
Bybit’s web platform is intuitive and feature-rich, supporting:
- Advanced charting tools with dozens of technical indicators
- Multiple order types (limit, market, stop-loss, take-profit)
- One-click trading features
- Customizable workspaces
- Integrated funding, staking, and analytics dashboards
Mobile App
Bybit’s mobile app (iOS and Android) mirrors most desktop functionality, enabling:
- Spot and derivatives trading
- Fund transfers
- Price alerts and portfolio tracking
- Real-time notifications
The app is suitable for traders on the go and supports most key trading features.
API Access
Developers and professional traders can integrate with Bybit’s APIs for:
- Algorithmic trading
- Custom portfolio tools
- Third-party platform integrations
API documentation is extensive, allowing seamless automation for active traders.
Fees & Pricing Structure
Bybit’s fee schedule is competitive compared to many other major exchanges.
Spot Trading Fees
Bybit uses a maker-taker fee model:
- Maker fees are often lower or even zero for certain pairs
- Taker fees are competitive and reduce with participation in fee-discount programs
Fee levels can vary based on trading volume and loyalty tier.
Derivatives Fees
Derivatives trading also follows the maker-taker model, with similar incentives to reward liquidity providers and high-volume traders.
Funding & Rollover Rates
Funding rates for perpetual contracts vary by market conditions and are charged or credited periodically. Traders should review funding rate history for products they plan to trade.
Deposit & Withdrawal Fees
- Crypto deposits: Generally free, though network fees apply.
- Crypto withdrawals: Network fees vary by coin.
- Fiat deposits/withdrawals: Depend on payment provider and region, often with third-party fees.
Bybit regularly updates its fee structure, so users should always review fees within the platform before trading.
Order Execution & Liquidity
Bybit leverages deep liquidity pools from institutional partners and internal order match engines to provide:
- Fast order execution
- Minimal slippage on major markets
- Robust order matching for derivatives
High-liquidity markets like BTC and ETH usually execute smoothly even at high volume, while less liquid pairs can exhibit wider spreads and more slippage — typical of crypto markets.
Deposits & Withdrawals
Deposit Methods
Bybit supports:
- Cryptocurrency deposits with multiple coins accepted
- Select fiat on-ramps through third-party payment partners (region dependent)
Withdrawal Process
Withdrawals require security verification (e.g., 2FA, withdrawal whitelist) and are processed in batches to minimize risk. Network congestion can impact timing and fees.
Supported Currencies
Bybit supports multiple base currencies for accounts and settlements, including USDT, BTC, ETH, and select fiat, depending on region and regulatory compliance.
Education & Research Resources
Bybit offers educational tools, including:
- Beginner’s guides to crypto trading
- Market analysis articles and videos
- Webinars and AMAs with industry experts
- Asset profiles and glossary entries
While not as comprehensive as some forex broker educational hubs, Bybit’s resources are tailored to crypto market participants.
Pros & Cons of Bybit
Pros
- Deep liquidity, especially in derivatives markets
- Competitive fee structure with maker-taker incentives
- Multiple trading products: spot, futures, options, margin
- Strong mobile and web platforms
- API support for automated trading
Cons
- Regulatory availability varies globally
- Not a licensed traditional broker in many jurisdictions
- Crypto trading carries inherent volatility risk
- Fiat services depend on regional partnerships
What are their spreads & fees?
Bybit, like most exchanges, charges a fee based on the transactions which occur on the exchange. These can depend on the coin which you trade, as some coins have higher trading and withdrawal fees.
Choosing at what time of the day and through which coins to transact can lower your fees.
Before you complete a trade on Bybit’s platform, it will show you a breakdown of all the fees which you may incur. Checking these fees before completing the trade could save you money.
As Bybit is an exchange the spreads vary depending on trader activity. Any spreads displayed on our website are for information purposes only. Please visit Bybit’s website for current spreads and fees.
Bybit’s BTC/USDT spread was 10 USDT when we wrote this review. This is normal when compared to the average BTC/USDT spread of 8.
The table below compares the costs of trading one BTC/USDT with Bybit vs. similar exchanges.
Who Bybit Is Best For
Bybit appeals to:
- Crypto traders seeking derivatives exposure
- Active traders requiring deep liquidity
- Users interested in advanced order types and API access
- Traders who want both spot and leveraged trading in one place
It may be less suitable for:
- Beginners needing heavy educational support
- Traders in restricted jurisdictions
- Users focused on traditional assets like forex or stocks
Risk Disclosure
Cryptocurrency markets are highly volatile and speculative. Leveraged products amplify gains and losses. Traders should fully understand risks and only invest capital they can afford to lose.
What can you trade with Bybit?
Over 4 on spot, more than 10 on futures different coins are available to trade at Bybit.
Below, we’ve summarized the offering of Bybit’s several types of markets, as well as the markets offered by some of their competitors for comparison.
| MARKET | Bybit | Binance | Crypto.com |
| Spot Trading | YES | YES | YES |
| Futures Trading | YES | YES | YES |
| launchpad | YES | YES | YES |
| Options Trading | NO | YES | NO |
| DEX Trading | NO | YES | NO |
| NFT Trading | NO | YES | YES |
| Borrow/lend Crypto | NO | YES | YES |
| Staking | YES | YES | YES |
What’s the Bybit trading experience like?
1) Platforms and apps
Bybit offers a web based platform which allows you to use it on any device which has a browser.
They offer Android and iOS mobile apps, making it easy to keep track of and execute trades while on the go.
2) Executing Trades
You can trade as little as less than 1USD with Bybit. Depending on the cryptocurrency you trade, this may differ. Maximum trade size depends on the available liquidity on the exchange.
Margin requirements vary by account, and instrument, as they do with most exchanges.
Bybit offers leverage as high as 1x for spot trading. Bybit also offers leverage of up to 100x for derivatives trading.
Stop losses, trailing stop losses, limit orders, price alerts, api trading and other features are available. Here you can find a list of all of their account features.
We have included a list of some of the most common funding options that they provide to their traders.
- Crypto
- Bank Transfer
- Card
3) Client support
They offer support in languages like English, Japanese, Traditional Chinese, Turkish and Portuguese.
4) What you’ll need to open an account with Bybit
Most crypto exchanges allow you to open an account without providing documents. This type of account will be severely limited in terms of maximum deposit and withdrawals.
In order to have higher deposit and withdrawal limits with Bybit you need to pass verification by providing the following documents:
- a colour copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
Bybit may also ask you to go through a verification of identity via your laptop or phone camera.
If you decide to trade using leverage, you’ll also need to answer a few questions regarding your trading experience.
You may be able to explore their platform right away, but as mentioned before until you pass verification, your deposits and withdrawals will be capped. Verification depending on the circumstances could take from a few hours up to a few days. To begin the on-boarding process with Bybit, you can go to their website.
Compare Crypto Exchanges here.
In 2026, Bybit remains one of the leading global crypto exchanges for traders focused on deep liquidity, advanced derivatives, competitive fees, and diverse market access. While regulatory coverage varies by country and services are limited in some regions, Bybit’s platform robustness and growing ecosystem make it a strong choice for both intermediate and advanced crypto traders.
Whether you’re trading major spot pairs or complex derivatives, Bybit’s feature-rich environment and competitive pricing help it stand out in a crowded crypto exchange landscape.
FAQs
Is Bybit regulated?
Bybit operates with compliance measures but does not hold a universal global broker license; services vary by jurisdiction.
Does Bybit charge fees for crypto deposits?
Generally, crypto deposits are free, though network (blockchain) fees apply.
Can I trade futures and derivatives on Bybit?
Yes, Bybit offers perpetual and quarterly futures with leverage.
What trading platforms does Bybit support?
Bybit offers web and mobile trading platforms, plus API access for automated trading.
Is Bybit safe to use?
Bybit uses industry-standard security measures like cold storage, 2FA, and withdrawal whitelists, but crypto risks remain.
