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Market Rewiews
Advanced Crypto Trading Platform
Competitive Fees & No Deposit Costs
Robust Crypto Security Measures cold storage, multi-signature wallets, and two-factor authentication (2FA)
Global Availability with Some Restrictions
Broker Overview
Founded in 2018, Bybit has established itself as a leading cryptocurrency exchange known for its high-leverage trading, robust security, and innovative trading features. The platform offers spot and derivatives trading, copy trading, and yield-earning options through Bybit Earn. Bybit appeals primarily to advanced traders, but its intuitive design and educational tools make it accessible to newcomers as well. However, its lack of regulation from major financial authorities may be a concern for risk-averse traders.
Trading Experience
Score: 18/20
Bybit provides an advanced yet intuitive trading experience through its web and mobile platforms. With an ultra-fast matching engine, low latency, and deep liquidity, Bybit is ideal for high-frequency traders and derivatives traders.
✔ High-speed trading execution with minimal slippage
✔ Leverage up to 100x on derivatives
✔ Advanced trading tools, including copy trading and trading bots
❌ No support for traditional forex or stock trading
❌ High leverage can increase risk for inexperienced traders
Bybit’s trading platform is designed for speed and efficiency. The ultra-fast matching engine ensures quick order execution, reducing slippage and price fluctuations. Copy trading allows beginners to follow experienced traders, while advanced users can utilize trading bots and risk management tools. The ability to trade with 100x leverage makes Bybit attractive to high-risk traders, though it also increases exposure to potential losses.
Final Score Calculation
| Category | Score (Out of 5) | Reasoning |
|---|---|---|
| Platform Performance | 5/5 | Fast execution, low latency, no major downtime |
| Ease of Use | 4/5 | Intuitive design but advanced features may overwhelm beginners |
| Advanced Trading Tools | 5/5 | Copy trading, trading bots, and risk management tools |
| Mobile & Web Accessibility | 4/5 | Strong mobile and web experience but lacks desktop software |
| Total Score | 18/20 | Excellent execution and features, minor limitations for beginners |
Tradable Products
Score 16/20
Bybit specializes in cryptocurrency trading, offering spot, derivatives, options, and futures contracts. However, it lacks traditional asset classes such as forex, stocks, and ETFs.
✔ Wide range of cryptocurrency products
✔ Supports crypto futures and options trading
✔ Perpetual contracts with up to 100x leverage
❌ No access to traditional forex, stocks, or ETFs
❌ Limited to crypto-related instruments only
Bybit focuses exclusively on crypto markets, making it a strong choice for traders looking to trade crypto spot, futures, and options. It supports perpetual contracts with high leverage and an intuitive interface for copy trading and staking. However, traders looking for stocks, forex, ETFs, or CFDs will need to consider alternative platforms, as Bybit does not offer traditional financial instruments.
Available Products:
- Crypto Spot Trading ✅
- Crypto Futures Trading ✅
- Crypto Options Trading ✅
- Crypto Perpetual Contracts ✅
Final Score Calculation
| Category | Score (Out of 5) | Reasoning |
| Diversity of Asset Classes | 2.5/5 | Limited to crypto, no forex, stocks, or indices |
| Depth of Offering | 4.5/5 | Strong crypto offering (spot, futures, options) |
| Leverage & Market Access | 4/5 | 100x leverage on crypto, but no leveraged products for other asset classes |
| Innovative Features | 5/5 | Copy trading, staking, bots, and strong derivatives |
| Total Score | 16/20 | Crypto-focused, lacks traditional markets but excels in digital assets |
Regulation
Score: 15/20
Bybit is not regulated by top-tier financial authorities, but it employs industry-leading security measures to protect users and funds.
✔ Strong security measures, including cold storage and multi-signature wallets
✔ Two-factor authentication (2FA) and withdrawal whitelisting
✔ No major security breaches to date
❌ Lack of top-tier financial regulation
❌ May be restricted in certain jurisdictions due to regulatory concerns
Bybit prioritizes security with cold storage for user funds, multi-signature wallets, and two-factor authentication (2FA). These measures provide strong protection against hacking attempts. However, the lack of regulation from major financial authorities (such as FCA, ASIC, or CySEC) may deter traders who prefer regulated platforms. Additionally, Bybit’s availability varies by region due to compliance issues.
Final Score Calculation
| Category | Score | Reasoning |
| Regulatory Oversight | 2/5 | Not regulated by major authorities |
| Security Measures | 5/5 | Cold storage, multi-signature wallets, 2FA |
| Reputation & Transparency | 4/5 | Strong reputation, but concerns over lack of regulation |
| Availability in Global Markets | 4/5 | Accessible globally, but restrictions in some regions |
| Total Score | 15/20 | Strong security, but lack of top-tier regulation is a drawbac |
Spreads, Fees & Commissions
Score: 17/20
Bybit offers a competitive maker-taker fee model, with low trading fees on derivatives and zero deposit fees
✔ Low maker and taker fees (0.01%-0.06% for derivatives)
✔ No deposit fees
✔ Transparent fee structure
❌ Withdrawal fees apply and vary by cryptocurrency
❌ Funding fees for perpetual contracts can add costs for long-term traders
Bybit’s maker-taker model incentivizes liquidity providers with lower fees (0.01% for makers, 0.06% for takers). Spot trading fees are 0.1%, which is competitive in the crypto space. However, withdrawal fees vary based on the cryptocurrency, and funding fees on perpetual contracts can add up over time. Despite this, the absence of deposit fees makes it easy for traders to enter the market.
Final Score Calculation
| Category | Score | Reasoning |
| Trading Fees | 4.5/5 | Low maker-taker fees, competitive spot trading fees |
| Deposit & Withdrawal Fees | 4/5 | No deposit fees, withdrawal fees vary |
| Transparency | 4.5/5 | Clear fee structure |
| Competitiveness | 4/5 | Competitive pricing but not the lowest in industry |
| Total Score | 17/20 | Competitive fees with minor withdrawal costs |
Deposits & Withdrawals
Score: 16/20
Bybit supports crypto deposits and fiat purchases, though fiat withdrawals are limited.
✔ Supports crypto deposits with no fees
✔ Allows fiat purchases via credit/debit card and bank transfers
✔ Quick processing times for withdrawals
❌ No direct fiat withdrawals; must convert to crypto first
❌ Bank transfer options are limited in certain regions
Bybit enables seamless crypto deposits and fiat purchases, but fiat withdrawals are not supported. Users must convert their funds to cryptocurrency before withdrawing, which may not be ideal for traders looking to cash out directly in fiat. Despite this limitation, withdrawal processing times are quick, typically within minutes to hours.
Final Score Calculation
| Category | Score | Reasoning |
| Deposit Methods | 4/5 | Supports crypto and fiat purchases but no direct fiat deposits |
| Withdrawal Processing Speed | 4/5 | Quick for crypto withdrawals, but fiat conversions add steps |
| Fee Structure | 4/5 | No deposit fees, but variable withdrawal fees |
| Ease of Access | 4/5 | Simple for crypto traders, complex for fiat users |
| Total Score | 16/20 | Strong crypto funding but lacks fiat withdrawal convenience |
Customer Support
Score: 17/20
Bybit provides 24/7 multilingual support through live chat and email, with a strong reputation for platform stability.
✔ 24/7 live chat and email support
✔ Multilingual customer service
✔ Positive reputation for platform reliability
❌ No phone support available
❌ Response times may vary during peak trading periods
Bybit’s customer support team is available 24/7 via live chat and email, offering assistance in multiple languages. The exchange is widely regarded for its stability and uptime, even during high-volatility periods. However, lack of phone support and occasional slow response times during busy periods may be areas for improvement.
Customer Feedback:
- Platform Stability: Users appreciate Bybit’s fast execution speeds and minimal downtime.
- Support Response Time: While Bybit provides 24/7 support, response times can be inconsistent during peak hours.
- User Experience: The platform is highly rated for its intuitive interface and ease of navigation.
- Trustworthiness: Despite lack of top-tier regulation, Bybit has not suffered major security breaches, contributing to user confidence.
Final Score Calculation
| Category | Score | Reasoning |
|---|---|---|
| Availability | 4/5 | 24/7 live chat and email support |
| Response Time | 4/5 | Generally quick, but slower during peak times |
| User Feedback | 4.5/5 | Positive reputation for platform reliability |
| Multilingual Support | 4.5/5 | Available in multiple languages |
| Total Score | 17/20 | Strong support with some response time concerns |
Final Verdict
Bybit is a powerful cryptocurrency trading platform with advanced trading tools, competitive fees, and strong security measures. It is particularly well-suited for experienced traders seeking high-leverage trading and deep liquidity. However, lack of fiat withdrawals and top-tier regulation may deter some users.
✅ Recommended for crypto traders looking for leverage trading, deep liquidity, and advanced trading features.
✔ Fast execution speeds with high liquidity
✔ Leverage up to 100x on derivatives
✔ Competitive trading fees with no deposit fees
✔ Strong security measures, including cold storage
❌ Not regulated by top-tier financial authorities
❌ Fiat withdrawals not directly supported
❌ High leverage increases risk for inexperienced traders
Bybit has established itself as a leading cryptocurrency trading platform, offering traders access to a diverse range of crypto products, from spot trading to derivatives. The platform’s ultra-fast execution, deep liquidity, and low fees make it attractive to active traders.
Despite its strengths, Bybit’s lack of fiat withdrawals and absence of regulation from top-tier authorities may be a concern for some traders. However, the platform compensates with strong security measures, including cold storage and two-factor authentication, ensuring a safe trading environment.
For traders comfortable with crypto-only transactions and seeking a professional trading experience, Bybit remains a top-tier choice in the cryptocurrency space.
How do I open an account with Bybit?
▼To register for a Bybit account, visit the Bybit website or download the Bybit App. You can sign up using your email address or phone number. Note that only one email address or phone number can be associated with a single Bybit account.
Is identity verification (KYC) mandatory on Bybit?
▼While basic trading features are accessible without KYC, completing identity verification unlocks additional features such as fiat deposits, increased withdrawal limits, and participation in certain events and products.
What are the deposit methods supported by Bybit?
▼Bybit allows users to deposit cryptocurrencies directly. If you do not have crypto assets, you can purchase them on Bybit using various payment methods, including credit/debit cards and bank transfers, depending on your region
Does Bybit charge fees for deposits and withdrawals?
▼Bybit does not charge fees for crypto deposits. Withdrawal fees apply and vary depending on the cryptocurrency being withdrawn. It's advisable to check the latest fee structure on Bybit's official website.
What trading platforms does Bybit offer?
▼Bybit offers a web-based platform and mobile applications for both iOS and Android devices, providing a seamless trading experience across devices.
Is Bybit available in my country?
▼Bybit operates in many countries worldwide but has restrictions in certain jurisdictions. It's recommended to review Bybit's terms of service or contact their support to confirm availability in your region.
What security measures does Bybit have in place?
▼Bybit employs strong security measures, including cold storage for assets and multi-signature wallets, to ensure a secure trading environment.
Can I use Bybit without completing KYC?
▼Yes, you can use Bybit's basic features without completing KYC. However, certain features and higher withdrawal limits require identity verification.
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