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Bybit Overview

Bybit is a leading cryptocurrency trading platform known for its robust derivatives trading options, competitive fees, and advanced security features. This analysis provides an in-depth review of Bybit, covering its trading platforms, account types, security measures, fees, customer support, and promotional offers. We have compared Bybit with its competitors, highlighted its unique selling points, and evaluated its strengths and weaknesses. The guide also includes step-by-step instructions on deposits, withdrawals, and account registration, as well as insights into Bybit’s affiliate program, educational resources, and global reach.

Overall Rating

  • 4.8/5
OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

N/A

Trading Platform

MetaTrader 5 (MT5), Mobile and Web Trading Apps

Crypto

Yes

Total Pairs

Over 300

Islamic Account

Yes

Trading Fees

Yes

Account Activation

48 Hours

Summary of Bybit

Company Data Details
Year Founded
2018
Current CEO
Ben Zhou
Amount of staff
1,800
Amount of active traders
Over 60,000,000 worldwide
Publicly Traded (Listed Company)
No

Regulation and Security
Country of regulation
Dubai, United Arab Emirates
Account Segregation
Yes
Negative balance protection
Yes
Two-step Authentication
Yes
Stop-loss Instrument
Yes
Investor Protection Schemes
Yes

Account Types and Features
Institutional Accounts
Yes
Managed Accounts
No
Major account currencies
BTC, ETH, USDT
Minimum Deposit
No minimum deposit

Trading Conditions
Average deposit/withdrawal processing time
Mostly immediately (Some make take 1-3 business days)
Fund Withdrawal Fee
No
Commissions
Yes
Number of base currencies supported
7 (BTC, ETH, XRP, USDT, USDC & TON, EUR)
Swap Fees
Yes
Leverage
Up to 200x
Margin requirements
3% to 15%
Islamic account (swap-free)
Yes
Demo Account
Yes
Order Execution Time
In seconds
VPS Hosting
No

Trading Instruments
Trading Indices
Yes
Trading Stocks
Yes
Swap on trading board
Yes

Deposits and Withdrawals
Deposit Options
Crypto Deposit, One-Click-Buy, Fiat Deposit, P2P Trading (Visa, Mastercard, JCB, Google Pay and Apple Pay)
Withdrawal Options
Bank transfer (SEPA, FPS, etc.), electronic wallets (PIX, ZEN)

Customer Support
Live chat availability
Yes, available 24/7
Customer Support email address
support@bybit.com
Customer Support Contact Number
N/A
Social media Platforms
Facebook, Twitter, Instagram
Languages supported on Website
English, Filipino, Hindi, Kazakh and Ukrainian

Educational Resources and Support
Crypto course
Yes
Webinars
Yes
Educational Resources
Yes

Partnerships and Programs
Affiliate program?
Yes
Amount of partners
Over 30
IB Program
No
Do they sponsor any notable events or teams?
Yes
Rebate program
Yes
Commission Fee
None on most accounts
Official Website address
Yes

South African Trader Specific Information
Does Bybit Accept South African Traders?
Yes
Is Bybit regulated by the South African regulatory body (FSCA)?
Yes
Does Bybit offer an Affiliate Program for South African Traders?
Yes
Does Bybit allow opening trading accounts in ZAR (South African Rand)?
Yes
Want to get started?

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Bybit Analysis - Breakdown of Features

Bybit Spider Chart Overview

Bybit Spider Chart

Code Source: Download Here

A spider chart, also known as a radar chart, is a visual representation used to evaluate and compare multiple performance factors of a trading platform. It helps traders quickly understand a broker’s strengths and weaknesses by presenting various key attributes in a single graph. Each parameter is plotted along an axis, and the areas between the points form a web-like structure, allowing for an intuitive assessment of the platform’s overall capabilities.

For traders, a spider chart offers:

  • Quick comparison with competitors.
  • Balanced view of strengths and areas for improvement.
  • Comprehensive assessment of essential trading factors.

Bybit’s spider chart provides an insightful analysis of its core performance indicators, helping traders determine whether it aligns with their trading needs.

Key Parameters Evaluated in the Bybit Spider Chart

Bybit’s performance is measured across five crucial parameters, each affecting the trading experience:

  1. Security & Compliance
    • Two-factor authentication (2FA), cold wallet storage, anti-phishing codes.
    • Regulatory standing (while Bybit is not fully regulated, it follows strict security protocols).
    • Past security incidents and how they were managed.
  2. Fees & Trading Costs
    • Spot trading fees: Competitive maker/taker fees (0.1% standard).
    • Futures trading fees: Maker (-0.025%) and taker (0.075%).
    • Deposit & withdrawal fees: No deposit fees, variable withdrawal fees based on network congestion.
  3. Trading Features & Order Execution
    • Wide range of trading products: Spot, derivatives, perpetual contracts, options.
    • Advanced order types: Limit, market, stop-limit, trailing stop, conditional orders.
    • Speed & reliability: Ultra-fast order execution with 99.99% uptime.
  4. Liquidity & Market Depth
    • High trading volume: Bybit consistently ranks among the top 5 global exchanges for derivatives trading.
    • Deep order books ensure minimal slippage for large trades.
    • Multiple trading pairs including BTC/USDT, ETH/USDT, and other popular assets.
  5. Customer Support & User Experience
    • 24/7 live chat & multilingual support.
    • Extensive help center & educational resources (Bybit Academy).
    • Community engagement through Telegram, Discord, and social media.
Category Bybit Score Industry Average Top Competitor

Security

9.0

8.5

Binance (9.5)

Fees & Costs

8.5

8.0

Binance (8.8)

Trading Features

9.5

8.7

OKX (9.6)

Liquidity

9.0

8.5

Binance (9.5)

Customer Support

8.0

7.5

Kraken (8.5)

Advantages Over Competitors

Bybit has established itself as one of the leading cryptocurrency trading platforms by offering a feature-rich, trader-friendly environment. Below, we explore its unique selling points, how it compares to top competitors like Binance, Kraken, and KuCoin, and the key areas where it excels.

Unique Selling Points of Bybit

Bybit differentiates itself from competitors through the following standout features:

  1. Best-in-Class Derivatives Trading
    • Specializes in perpetual contracts and futures trading with high leverage (up to 100x on BTC).
    • Offers advanced order types for precise trade execution.
    • Ultra-fast trading engine capable of handling 100,000 transactions per second (TPS).
  2. Zero Downtime & Ultra-Reliable Platform
    • 99.99% uptime, ensuring seamless trading without outages.
    • No major exchange hacks or extended downtimes, reinforcing trader confidence.
  3. Competitive Fee Structure
    • Spot Trading Fees: 0.1% maker/taker fees (on par with Binance).
    • Derivatives Trading Fees: Maker -0.025% (rebate) and taker 0.075%, making it attractive for high-volume traders.
  4. Deep Liquidity and Tight Spreads
    • Consistently ranked among the top 5 global crypto exchanges in terms of trading volume.
    • High liquidity minimizes slippage, making it ideal for large trades.
  5. Advanced Trading Tools & Features
    • Copy Trading: Users can mirror trades of experienced traders for passive earnings.
    • Grid Bot Trading: Automates trades with customizable strategies.
    • On-Chain Analysis Tools: Offers real-time market insights to help traders make data-driven decisions.
  6. User-Friendly Interface & Customization
    • Simple and intuitive UI for beginners, but packed with advanced tools for pro traders.
    • Customizable workspace and dark mode for better visibility.
  7. Bybit Earn & Staking Options
    • Offers high-yield staking, savings, and liquidity mining for passive income.
    • Various DeFi and CeFi investment products with flexible or fixed returns.
  8. Strong Security Measures
    • Cold storage for 100% of user funds, reducing risk of exchange hacks.
    • Multi-factor authentication (MFA), withdrawal whitelist, anti-phishing codes.
  9. No KYC Required for Basic Trading
    • Unlike Binance and Kraken, Bybit allows non-KYC users to trade with a daily withdrawal limit.
    • Full KYC unlocks higher withdrawal limits and additional features.
  10. 24/7 Multilingual Customer Support
  • Fast response times via live chat and email.
  • Supports multiple languages to cater to global users.

Key Takeaways from Comparison:

  • Bybit vs. Binance: Binance offers slightly lower futures fees, but Bybit has a simpler UI and better reliability.
  • Bybit vs. Kraken: Kraken is highly regulated but lacks high-leverage trading and low fees, making Bybit a better choice for derivatives.
  • Bybit vs. KuCoin: Both offer similar features, but Bybit has better liquidity and a more stable trading engine.

Key Areas Where Bybit Excels

  1. Industry-Leading Derivatives Trading
    • One of the best platforms for perpetual contracts with up to 100x leverage.
    • High liquidity and advanced risk management tools make it superior to most competitors.
  2. High Liquidity & Minimal Slippage
    • Large trading volumes ensure tight bid-ask spreads, reducing trade costs.
    • Perfect for both high-frequency traders and institutional investors.
  3. Competitive Fee Structure
    • Negative maker fees incentivize market-making strategies.
    • No deposit fees and low withdrawal costs compared to Binance and Kraken.
  4. Reliability & System Stability
    • No major outages or hacks, unlike Binance, which has faced several technical issues.
    • 99.99% uptime ensures seamless trading even during high volatility.
  5. User-Friendly & Beginner-Friendly
    • Simple UI for new traders, while advanced traders get access to customizable charts and APIs.
    • Unlike Kraken, which can feel overwhelming, Bybit is well-optimized for all experience levels.
  6. No KYC Required for Basic Trading
    • Unlike Binance and Kraken, Bybit allows non-KYC users to trade, making it attractive for privacy-focused traders.

Who Will Benefit from Trading with Bybit?

Ideal Users

  • Beginners
    • User-friendly interface with easy navigation.
    • Educational resources like Bybit Academy to help new traders learn.
    • Low minimum trade requirements allow beginners to start with small amounts.
  • Professional Traders
    • Advanced charting tools and multiple order types for strategic trading.
    • High liquidity ensures minimal slippage, even for large trades.
    • Competitive fee structure, including negative maker fees for derivatives.
  • Institutional Investors
    • API support for high-frequency and algorithmic trading.
    • Robust security features, including 100% cold wallet storage.
    • Deep liquidity pools suitable for large-scale trading.

Use Cases for Different Trading Needs

  • Spot Trading
    • Over 400 trading pairs with tight spreads.
    • Low trading fees compared to competitors.
    • Instant trade execution with minimal price impact.
  • Derivatives Trading
    • Perpetual and futures contracts with up to 100x leverage.
    • Risk management tools like stop-loss and take-profit orders.
    • Suitable for traders looking to hedge positions or maximize gains.
  • Copy Trading
    • Allows users to follow and replicate successful traders.
    • Ideal for beginners who want passive income without active trading.
    • Performance-based ranking system helps users choose the best traders to copy.
  • Grid & AI Trading
    • Automated trading strategies for market fluctuations.
    • Helps traders capitalize on price movements without manual intervention.
    • Customizable settings to optimize risk and rewards.
  • Bybit Earn & Staking
    • Fixed and flexible staking options for passive income.
    • High-yield savings plans with competitive APYs.
    • Ideal for long-term investors who want to earn interest on holdings.

Why Traders Prefer Bybit Over Other Platforms

  • Lower trading fees compared to Binance and Kraken.
  • No KYC required for basic trading, offering greater privacy.
  • Better platform stability with 99.99% uptime and no major outages.
  • More advanced trading tools for derivatives compared to KuCoin and Kraken.
  • Faster withdrawal processing times than most competitors.
  • Multiple passive income options, including staking, lending, and liquidity mining.
  • Highly rated customer support with 24/7 live chat and multilingual assistance.

Safety and Security

Security Infrastructure

  • Cold Storage for User Funds
    • Bybit stores 100% of user assets in offline cold wallets to prevent hacking attempts.
    • Only a small portion of funds is moved to hot wallets for processing withdrawals.
  • Multi-Signature Wallets
    • All withdrawals require multiple approvals from internal security teams.
    • Prevents unauthorized access and reduces the risk of internal fraud.
  • DDoS Protection & System Security
    • Anti-DDoS attack mechanisms protect the platform from cyber threats.
    • Real-time risk monitoring to detect suspicious activities.

Two-Factor Authentication (2FA) & Account Protection

  • Mandatory 2FA for Withdrawals and Security Settings
    • Users must enable Google Authenticator (2FA) to approve withdrawals and login attempts.
    • Adds an extra layer of protection against unauthorized access.
  • Withdrawal Address Whitelisting
    • Users can lock specific wallet addresses to prevent funds from being withdrawn elsewhere.
  • Anti-Phishing Code
    • Custom email verification codes ensure emails from Bybit are genuine.
    • Helps users identify and avoid phishing scams.

Regulatory Compliance & Risk Management Policies

  • Risk Monitoring System
    • Uses AI-powered fraud detection to monitor transactions in real time.
    • Suspicious activity triggers automatic security reviews.
  • Know Your Customer (KYC) Compliance
    • KYC verification required for higher withdrawal limits and fiat transactions.
    • Helps prevent money laundering, fraud, and illicit activities.
  • Global Compliance Standards
    • Adheres to AML (Anti-Money Laundering) and CFT (Counter-Terrorism Financing) regulations.
    • Works with regulatory bodies in various jurisdictions.

Past Security Incidents & How They Were Handled

  • No Major Hacks or Data Breaches
    • Bybit has maintained a clean security record with no major breaches since its launch.
    • Consistently reinforces security measures to prevent vulnerabilities.
  • Handling of Suspicious Activities
    • Quick freezing of accounts flagged for unauthorized transactions.
    • Refunds issued in cases where users were affected by phishing scams (evaluated case-by-case).
  • Continuous Security Audits
    • Bybit undergoes regular third-party security audits to identify and fix potential risks.
    • Implements bug bounty programs to reward ethical hackers for reporting vulnerabilities.

Bybit’s robust security framework ensures that users’ funds and data remain safe from cyber threats, making it one of the most secure crypto trading platforms in the industry.

Awards and Recognition

Bybit, established in 2018, has rapidly grown into a prominent cryptocurrency exchange, serving over 10 million users globally as of October 2021. While specific industry awards are not extensively documented, Bybit’s strategic partnerships and contributions to the crypto trading industry have garnered significant recognition.

Notable Industry Awards

  • Specific Awards: As of now, there is limited publicly available information detailing specific industry awards won by Bybit.

Recognition by Major Financial Institutions or Organizations

  • Partnerships with Sports Organizations:
    • In November 2020, Bybit entered into a partnership with the German football club Borussia Dortmund, serving as their international Champion Partner. 
    • Bybit has also collaborated with prominent esports organizations, including NAVI, Virtus.pro, Astralis, and Alliance, to enhance its brand presence in the esports industry. 
  • Collaborations with Financial Entities:
    • Bybit has partnered with BitDAO (BIT) to launch the Bybit Launchpad, a platform aimed at providing users with early access to promising crypto projects, ensuring compliance with regulatory standards through KYC procedures.

Contributions to the Crypto Trading Industry

  • Product and Service Innovations:
    • Bybit launched the ByFi Center (now rebranded as Bybit Earn) in May 2021, enabling users to access decentralized finance (DeFi) products and participate in cloud mining. 
    • The platform expanded its offerings to include spot trading services starting July 15, 2021, providing users with a broader range of trading options. 
  • Educational Initiatives:
    • Bybit has been proactive in organizing trading competitions, such as the BTC Brawl in November 2019 and the annual World Trading Tournament (WSOT) since 2020, fostering community engagement and enhancing trading skills among participants. 
  • Technological Advancements:
    • The platform has invested in enhancing user experience by launching mobile applications on Apple and Google stores in 2020, allowing for more accessible trading on-the-go.

Bybit’s strategic collaborations and continuous innovation in product offerings have significantly contributed to its recognition and influence within the cryptocurrency trading industry.

Offers and Promotions

Bybit actively engages its user base through a variety of promotions and campaigns designed to enhance trading experiences and reward participation. Below is an overview of current and recent offers:

Current Promotional Campaigns

  • Welcome Bonus: Up to $5,050 in Rewards
    • Overview: New users can unlock rewards totaling up to $5,050 by completing specific tasks.
    • Details:
      • Sign-Up Reward: Instant 20 USDT coupon upon registration.
      • Task-Based Bonuses: Additional rewards earned by completing trading and deposit tasks.
    • More Information: Bybit Welcome Bonus
  • New Year Rewards for New Users: Earn Up to 50 USDT
    • Overview: Exclusive event for new users to earn up to 50 USDT in bonuses by depositing and trading during the promotional period.
    • Event Period: January 6, 2025, 10 AM UTC – February 6, 2025, 10 AM UTC.
    • More Information: New Year Bonus
  • Rewards Hub: Claim Over $30,000 in Rewards
    • Overview: A centralized platform where users can complete tasks to earn bonuses and coupons, offsetting fees and compensating for losses.
    • More Information: Bybit Rewards Hub
  • Referral Program
    • Overview: Users can invite friends to join Bybit and earn rewards when the referred friends meet specific deposit and trading requirements.
    • More Information: Bybit Referral Program

How Traders Can Take Advantage of Ongoing Deals

  • Stay Informed: Regularly check Bybit’s official Announcements Page for the latest promotions and updates.
  • Participate Actively: Engage in platform activities such as deposits, trades, and referrals to maximize potential rewards.
  • Complete Tasks: Utilize the Rewards Hub to identify and complete tasks that offer bonuses.

Eligibility Criteria and Key Terms of Promotions

  • Account Verification: Some promotions require users to complete Identity Verification (KYC) Level 1 to be eligible for rewards.
  • New Users: Certain bonuses, such as the welcome bonus, are exclusive to new users who have not previously made a deposit or trade on Bybit.
  • Deposit and Trading Requirements: Many promotions stipulate minimum deposit amounts and trading volumes to qualify for rewards.
  • Time-Bound Offers: Promotions are often limited to specific periods; participating within the designated timeframe is essential.
  • Terms and Conditions: Each promotion has its own set of terms and conditions. Users should review these carefully to understand eligibility and requirements.

By staying engaged with Bybit’s promotional offerings and understanding the associated criteria, traders can effectively enhance their trading experience and capitalize on available rewards.

Affiliate Program

Bybit offers a comprehensive Affiliate Program designed for individuals and businesses aiming to monetize their networks by promoting Bybit’s cryptocurrency trading platform. This program provides affiliates with competitive commissions, dedicated support, and various tools to maximize earnings.

Overview of Bybit’s Affiliate Marketing Program

  • Program Structure:
    • The Bybit Affiliate Program allows participants to earn commissions by referring new users to the platform. Affiliates receive a unique referral link to track the activity of their referrals. 
  • Target Participants:
    • Ideal for bloggers, influencers, content creators, and individuals with extensive networks in the cryptocurrency or trading communities. 
  • Support and Resources:
    • Affiliates gain access to a dedicated account manager who provides marketing and technical support to enhance conversion rates and boost commissions. 

Commission Structure and Earning Potential

  • Revenue Sharing Model:
    • Affiliates earn a percentage of the trading fees generated by their referrals. 
  • Commission Rates:
    • Bybit offers up to a 30% commission on trading fees from direct referrals. 
  • Sub-Affiliate Commissions:
    Affiliates can earn an additional 10% commission on the trading fees generated by their sub-affiliates. 
  • Earning Potential:
    • The program’s competitive structure allows dedicated affiliates to earn substantial income, with top performers potentially earning thousands of dollars consistently.

Benefits for Affiliates

  • Lifetime Commissions:
    • Affiliates receive perpetual commissions based on the trading activity of their referred users, ensuring ongoing revenue as long as the referrals continue trading.
  • Multi-Tiered Rewards:
    • The program supports multi-tier commissions, allowing affiliates to earn from both their direct referrals and the referrals made by their sub-affiliates.
  • Comprehensive Affiliate System:
    • Bybit provides an advanced affiliate backend system that supports daily commission settlements, cash withdrawals, and a dashboard for detailed commission reports. 
  • Marketing Support:
    • Affiliates receive customized marketing materials and bespoke marketing activities tailored to different needs, enhancing promotional efforts. 

How to Join and Maximize Earnings

  • Application Process:
    • Visit the Bybit Affiliates Portal.
    • Click the “Apply” button and complete the questionnaire detailing your promotional plans and audience.
    • Upon approval, access your affiliate account to obtain your unique referral link. 
  • Maximizing Earnings:
    • Leverage Your Network: Promote Bybit to your existing audience through blogs, social media, or trading communities.
    • Utilize Provided Resources: Make use of the marketing materials and support offered by Bybit to enhance your promotional strategies.
    • Monitor Performance: Regularly review your affiliate dashboard to track conversions and adjust your marketing efforts accordingly.
    • Engage Sub-Affiliates: Recruit sub-affiliates to expand your reach and benefit from multi-tiered commission structures.

Bybit’s Affiliate Program presents a lucrative opportunity for those looking to capitalize on the growing cryptocurrency market by partnering with a leading exchange platform.

Bybit Minimum Deposit

Overall Rating

  • 4.8/5
OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

N/A

Trading Platform

MetaTrader 5 (MT5), Mobile and Web Trading Apps

Crypto

Yes

Total Pairs

Over 300

Islamic Account

Yes

Trading Fees

Yes

Account Activation

48 Hours

Understanding Bybit’s minimum deposit requirements is essential for traders to manage their funds effectively and avoid potential issues. Here’s a detailed overview:

Minimum Deposit Requirements by Currency and Payment Method

  • Cryptocurrency Deposits:
    • Bybit supports a wide range of cryptocurrencies, each with its own minimum deposit amount. For instance, the minimum deposit for XRP is 0.01 XRP.
    • Deposits below the specified minimum amounts will not be credited or refunded.
  • Fiat Currency Deposits:
    • Bybit allows fiat deposits through various methods, including bank transfers and third-party payment services. The minimum deposit amounts and fees can vary depending on the currency and payment method.
    • For example, deposits in Vietnamese Dong (VND) via bank transfer have specific limits:
      • First Deposit: 25,000,000 VND
      • Second and Third Deposits: 50,000,000 VND
      • Subsequent deposits follow the limits displayed in the input field during the deposit process.

Comparison with Industry Standards

  • Deposit Fees:
    • Bybit does not charge fees for cryptocurrency deposits, aligning with industry standards.
    • Fiat deposit fees vary based on the payment method and currency. For instance, bank transfers or third-party services may incur fees ranging from 0.08% to 2%.
  • Minimum Deposit Amounts:
    • The minimum deposit amounts for cryptocurrencies on Bybit are generally low, making the platform accessible to a wide range of traders. Specific amounts can be found on Bybit’s Crypto Deposit/Withdrawal Status page.

Best Strategies for Low-Cost Deposits

  • Utilize Cryptocurrency Deposits:
    • Since Bybit does not impose fees on cryptocurrency deposits, transferring funds from an external crypto wallet can be a cost-effective method. Ensure that the deposit amount meets the minimum requirement for the specific cryptocurrency.
  • Choose Cost-Effective Fiat Deposit Methods:
    • When depositing fiat currencies, select payment methods with lower fees. For example, certain bank transfers may have lower fees compared to third-party payment services.
  • Stay Informed About Deposit Requirements:
    • Regularly check Bybit’s official Deposit FAQ for updates on minimum deposit amounts and any changes to deposit policies.

By understanding Bybit’s minimum deposit requirements and associated fees, traders can effectively manage their funds and choose the most cost-efficient methods for funding their accounts.

Bybit Account Types and Features

Bybit offers a range of account types tailored to accommodate various trading needs and experience levels. Below is an overview of these account types, their key features, benefits, and the process for upgrading:

  1. Unified Trading Account (UTA)
  • Overview:
    • Introduced in September 2023, the Unified Trading Account (UTA) consolidates multiple trading products and assets into a single account, simplifying asset management and enhancing trading efficiency.
  • Key Features and Benefits:
    • Multi-Asset Support: Manage various cryptocurrencies and fiat currencies within one account.
    • Cross-Product Collateralization: Utilize assets across different trading products as collateral, optimizing capital efficiency.
    • Simplified Asset Management: Streamlined interface for monitoring and managing all holdings and trades.
  • How to Upgrade:
    • Existing users are automatically transitioned to the UTA. New users are enrolled in the UTA upon account creation.
  1. VIP Program
  • Overview:
    • Designed for high-volume traders, the VIP Program offers exclusive benefits, including reduced trading fees, personalized services, and enhanced platform features.
  • Key Features and Benefits:
    • Discounted Trading Fees: Enjoy lower maker and taker fees across various trading pairs.
    • Dedicated Account Manager: Access to personalized support for trading inquiries and platform assistance.
    • Exclusive Events and Promotions: Invitation to special events, webinars, and promotional offers.
    • Enhanced API Rate Limits: Improved API access for algorithmic and high-frequency traders.
  • How to Upgrade:
    • Eligibility Criteria:
      • Asset Balance: Maintain a minimum asset balance as specified by Bybit.
      • Trading Volume: Achieve a certain trading volume over the last 30 days.
    • Upgrade Process:
      • Traders meeting the eligibility criteria are automatically upgraded to the corresponding VIP level.
      • For manual upgrades or inquiries, contact Bybit’s customer support.
  1. Institutional Services
  • Overview:
    • Tailored for institutional clients, including hedge funds, asset managers, and proprietary trading firms, offering bespoke solutions to meet complex trading requirements.
  • Key Features and Benefits:
    • Customized Liquidity Solutions: Access to deep liquidity pools and personalized trading conditions.
    • Dedicated Support: Priority customer support with a dedicated relationship manager.
    • Advanced Reporting: Comprehensive reporting tools for compliance and performance tracking.
    • Flexible API Integration: Advanced API services for seamless integration with existing trading systems.
  • How to Upgrade:
    • Application Process:
      • Contact Bybit’s institutional sales team through the official website.
      • Submit required documentation and discuss specific trading needs.
      • Upon approval, access institutional-grade services and benefits.

Bybit’s diverse account offerings cater to a wide spectrum of traders, from individual retail traders to large institutional clients, ensuring that each segment receives services and features aligned with their trading activities and requirements.

Basic Order Types

Overall Rating

  • 4.8/5
OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

N/A

Trading Platform

MetaTrader 5 (MT5), Mobile and Web Trading Apps

Crypto

Yes

Total Pairs

Over 300

Islamic Account

Yes

Trading Fees

Yes

Account Activation

48 Hours

Understanding various order types is essential for effective trading on Bybit, as each serves distinct purposes and strategies. Here’s an overview:

Basic Order Types

  1. Market Order
    • Overview: Executes a trade immediately at the current market price.
    • Use Case: Ideal when swift execution is prioritized over price, such as entering or exiting a position quickly.
  2. Limit Order
    • Overview: Sets a specific price at which you’re willing to buy or sell; the order executes only when the market reaches that price.
    • Use Case: Useful for targeting precise entry or exit points without immediate execution.
  3. Conditional Order
    • Overview: Becomes active only when a specified trigger price is met, allowing for automated trading strategies.
    • Use Case: Effective for setting up stop-loss or take-profit levels that activate under certain market conditions.

Advanced Trading Orders

  1. Trailing Stop Order
    • Overview: A dynamic stop-loss order that moves with the market price, maintaining a set distance. If the market reverses by the defined distance, the order is executed.
    • Use Case: Suitable for locking in profits as the market moves favorably while protecting against reversals.
  2. Iceberg Order
    • Overview: Breaks a large order into smaller, visible chunks to conceal the full order size, reducing market impact.
    • Use Case: Beneficial for executing large trades discreetly without influencing the market significantly.

For a more in-depth understanding, refer to Bybit’s comprehensive guide on Types of Orders Available on Bybit.

How to Open a Bybit Account Step by Step

Overall Rating

  • 4.8/5
OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

N/A

Trading Platform

MetaTrader 5 (MT5), Mobile and Web Trading Apps

Crypto

Yes

Total Pairs

Over 300

Islamic Account

Yes

Trading Fees

Yes

Account Activation

48 Hours

Opening a Bybit account is a straightforward process. Below is a step-by-step guide to registering your account, completing KYC verification, and resolving common signup issues.

Step-by-Step Guide to Account Registration

  1. Visit the Bybit Website:
  2. Enter Personal Information:
    • Provide your email address or mobile phone number.
    • Set a strong password for your account.
  3. Agree to Terms and Conditions:
    • Read Bybit’s terms of service and privacy policy. If you agree, check the box to accept the terms.
  4. Verify Email or Phone Number:
    • After submitting your details, Bybit will send a verification code to your email or phone number. Enter the code to verify your identity.
  5. Set Security Features:
    • Enable Two-Factor Authentication (2FA): For enhanced security, enable Google Authenticator or SMS-based 2FA to secure your account from unauthorized access.
  6. Complete Registration:
    • After successfully entering the verification code and enabling 2FA, your account will be created, and you can log in to start trading.

KYC (Know Your Customer) Verification Process

  1. Access KYC Verification:
    • Once logged into your account, click on your profile icon in the top right corner and select “Verification” under the Account Settings section.
  2. Submit Identification Documents:
    • Bybit requires you to submit proof of identity. Choose from the following:
      • Government-issued ID (passport, national ID, or driver’s license).
      • A selfie holding the ID for verification.
    • Upload the documents as prompted.
  3. Address Verification:
    • In some cases, you may need to provide proof of address (e.g., utility bills, bank statements).
  4. Wait for Approval:
    • Bybit will review your documents and notify you once your KYC verification is successful. The process can take a few hours to several days depending on the volume of applications.

Common Issues During Signup and How to Resolve Them

  1. Invalid Email or Phone Number:
    • Ensure you entered the correct email or phone number without any typos. If you’re unable to receive the verification code, check your spam folder or request a new code.
  2. Weak Password:
    • Bybit requires a secure password with a mix of upper and lower case letters, numbers, and special characters. Ensure your password meets these criteria.
  3. KYC Document Rejection:
    • If your ID document or selfie is rejected, double-check the quality of your images (clear, legible, no blurriness). Ensure that your face and the text on the document are visible.
  4. 2FA Issues:
    • If you have trouble with 2FA setup, ensure you are scanning the correct QR code with Google Authenticator. If you lose your 2FA access, follow the steps provided on the Bybit Help Center to recover your account.

By following these steps and troubleshooting any common issues, you can successfully open and verify your Bybit account, ensuring a smooth experience for trading.

Bybit Trading Platforms

Bybit offers a comprehensive suite of trading platforms designed to cater to both novice and professional traders. Here’s an overview of each platform:

Web-Based Trading Platform Overview

  • User-Friendly Interface: Bybit’s web platform provides an intuitive interface suitable for traders of all experience levels.
  • Advanced Trading Features: Access a wide range of trading tools, including spot and derivatives markets, advanced charting tools, and various order types.
  • High Liquidity and Low Latency: Enjoy quick and efficient trade execution, supported by Bybit’s high liquidity and low latency infrastructure.

Bybit Mobile App Features (iOS & Android)

  • Comprehensive Trading Functionality: The mobile app mirrors the web platform’s features, allowing users to trade spot and derivatives markets, utilize advanced charting tools, and manage orders on the go.
  • User-Friendly Design: Designed for ease of use, the app ensures a seamless trading experience across devices.

Security Measures: The app incorporates robust security features, including two-factor authentication (2FA), to safeguard user accounts.

API Trading and Integrations with Third-Party Tools

  • API Access: Bybit offers API trading capabilities, enabling users to automate trading strategies and integrate with third-party tools.
  • Integration with Trading Bots: Seamlessly connect with various trading bots to enhance trading strategies. Bybit supports multiple bot types, including Spot Grid Bots and Futures Grid Bots, each designed to automate trading based on predefined strategies.
  • AI Integration: Bybit integrates AI tools, such as ToolsGPT, to assist traders in automated market data analysis, enhancing decision-making processes.

Trading Bot Support and Automation

  • Variety of Trading Bots: Bybit supports various trading bots, including Spot Grid Bots, Futures Grid Bots, DCA Bots, and Futures Martingale Bots, each catering to different trading strategies and preferences.
  • Automated Trading Strategies: Utilize automated trading strategies to execute trades based on predefined parameters, reducing the need for constant manual monitoring.
  • Easy Bot Feature: Bybit’s Easy Bot feature simplifies automated trading by recommending bots and strategies based on user preferences, making it accessible for both beginners and experienced traders.

Bybit’s suite of trading platforms and tools ensures that traders have access to a flexible, secure, and feature-rich environment, whether they are trading from a desktop or mobile device, automating strategies, or integrating with third-party tools.

Range of Markets

Bybit offers a diverse array of markets and trading instruments, catering to both novice and professional traders. Here’s an overview of the available options:

Available Cryptocurrencies for Spot and Futures Trading

  • Spot Trading: Bybit provides spot trading services for a variety of cryptocurrencies, including popular assets like Bitcoin (BTC), Ethereum (ETH), and others.
  • Futures Trading: Traders can engage in futures contracts for numerous cryptocurrencies, allowing for speculation on price movements without owning the underlying assets.

Leveraged Tokens and Derivatives

  • Leveraged Tokens: Bybit’s Leveraged Tokens are derivative products that offer leveraged exposure to the underlying asset without the complexities of margin trading or liquidation risks. Each Leveraged Token represents a basket of perpetual contract positions, providing a simplified way to trade with leverage. These tokens are suitable for short-term investments in trending markets.
  • Derivatives: Beyond Leveraged Tokens, Bybit offers various derivative products, including inverse futures contracts. These contracts are priced in the underlying cryptocurrency, and all settlements are conducted in crypto, providing traders with unique hedging and speculative opportunities.

Unique Markets and Trading Pairs on Bybit

  • Inverse Futures Contracts: Bybit supports inverse futures contracts, where the contract is quoted in the price of the underlying asset, and settlements are made in cryptocurrency. This structure offers a distinct trading experience compared to traditional futures contracts.
  • Diverse Trading Pairs: The platform offers a wide range of trading pairs, including both popular and lesser-known cryptocurrencies, catering to various trading strategies and preferences.

Bybit’s extensive range of markets and trading instruments ensures that traders have access to a versatile and dynamic trading environment, accommodating various strategies and preferences.

Bybit vs. BingX – A Comparison

Bybit and BingX are prominent cryptocurrency exchanges, each offering unique features tailored to different trading preferences. Below is a comparative analysis to assist you in choosing the platform that best aligns with your trading needs.

Trading Features Comparison

  • Leverage:
    • Bybit: Offers up to 100x leverage on futures contracts, enabling traders to amplify potential returns.
    • BingX: Provides up to 200x leverage on futures and access to crypto options, catering to sophisticated hedging strategies. 
  • Fees:
    • Bybit:
      • Futures Trading: Charges a maker fee of 0.02% and a taker fee of 0.055%.
      • Spot Trading: Implements a tiered fee structure, with fees decreasing based on trading volume.
    • BingX:
      • Futures Trading: Imposes a maker fee of 0.02% and a taker fee of 0.05%, with potential reductions based on trading volume and BIX token holdings. 
  • Order Execution:
    • Bybit: Utilizes a high-performance matching engine, ensuring swift and efficient order execution.
    • BingX: Supports deep liquidity with tight spreads, facilitating superior execution even for substantial trades.

Security and Regulatory Compliance Differences

  • Bybit:
    • Employs robust security measures, including two-factor authentication (2FA) and cold storage for digital assets.
    • Operates under regulations in jurisdictions like the British Virgin Islands and has previously faced regulatory challenges in certain countries.
  • BingX:
    • Prioritizes user security with features like 2FA and regular security audits.
    • Holds licenses in multiple regions, including the United States, Australia, and Europe, enhancing its regulatory credibility.

Platform Usability and Customer Support Comparison

  • Bybit:
    • Offers a user-friendly interface suitable for both beginners and experienced traders.
    • Provides 24/7 customer support via live chat and email in multiple languages, with a reputation for responsive and knowledgeable assistance.
  • BingX:
    • Features an intuitive platform with social trading capabilities, allowing users to follow and copy experienced traders.
    • Delivers round-the-clock customer support through live chat and email, ensuring timely assistance for users worldwide.

In summary, Bybit is well-suited for traders seeking advanced derivatives trading with high leverage, while BingX appeals to those interested in a broad range of cryptocurrencies and social trading features. Both platforms are committed to security and regulatory compliance, with responsive customer support to enhance the trading experience.

Fees, Spreads, and Commissions

Understanding the fee structure is crucial for optimizing your trading strategy and managing costs effectively. Below is a detailed breakdown of Bybit’s fees, spreads, and commissions across various services:

Trading Fees

  • Spot Trading:
    • Maker Fee: 0.1%
    • Taker Fee: 0.1%
    • Note: These rates apply to crypto-to-crypto pairs. For fiat-related pairs, different fee structures may apply.
  • Futures Trading:
    • Inverse Perpetual & Futures Contracts:
      • Non-VIP Users: Taker Fee: 0.055%
      • VIP Users: Fee rates decrease with higher VIP tiers.
  • Options Trading:
    • Maker Fee: 0.02%
    • Taker Fee: 0.03%
    • Note: The trading fee for a single contract is capped at 12.5% of the option’s price.

Bybit employs a maker-taker fee model, where makers (those who provide liquidity) and takers (those who take liquidity) are charged differently. Additionally, fee rates can vary based on trading volume and user VIP status.

Deposit and Withdrawal Fees

  • Deposits:
    • Cryptocurrency Deposits: No fees are charged for internal transfers or on-chain crypto deposits.
  • Withdrawals:
    • Withdrawal Fees: Bybit charges a fixed fee for on-chain withdrawals, which varies depending on the cryptocurrency and blockchain network selected. These fees are designed to cover network transaction costs and can fluctuate with network conditions.

It’s important to note that while deposit fees are generally free, withdrawal fees are dynamic and subject to change based on current network conditions. Always verify the latest fees on the withdrawal page before initiating a transaction.

Maker and Taker Fee Structures

Bybit’s fee structure differentiates between maker and taker orders:

  • Maker Orders: Orders that provide liquidity to the order book, such as limit orders placed away from the current market price.
  • Taker Orders: Orders that remove liquidity from the order book, like market orders or limit orders placed at the current market price.

Engaging in maker orders often results in lower fees due to their role in enhancing market liquidity. Bybit rewards users who consistently provide liquidity with reduced fee rates, especially as they achieve higher VIP tiers.

Comparison with Competitors

Bybit’s trading fees are competitive within the cryptocurrency exchange market:

  • Spot Trading Fees: Starting at 0.1%, aligning with industry standards.
  • Futures Trading Fees: Begin at 0.03% for options and 0.06% for futures, which are favorable compared to many competitors.

Additionally, Bybit offers a VIP program that provides fee discounts and other benefits based on trading volume and user engagement, further enhancing its competitiveness.

Bybit Deposits and Withdrawals

Overall Rating

  • 4.8/5
OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

N/A

Trading Platform

MetaTrader 5 (MT5), Mobile and Web Trading Apps

Crypto

Yes

Total Pairs

Over 300

Islamic Account

Yes

Trading Fees

Yes

Account Activation

48 Hours

Bybit offers a variety of methods for depositing and withdrawing funds, each with specific transaction limits, processing times, and associated fees. Below is a comprehensive overview:

Supported Deposit and Withdrawal Methods

  • Cryptocurrency Deposits and Withdrawals:
    • Bybit supports deposits and withdrawals for several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Tether (USDT).
  • Fiat Deposits and Withdrawals:
    • Bybit facilitates fiat transactions through various payment methods, such as bank transfers and credit/debit cards. The availability of these methods depends on your region.

Transaction Limits and Processing Times

  • Deposit Limits:
    • Deposit limits can vary based on the cryptocurrency and the deposit method used. For example, certain cryptocurrencies may have daily deposit limits, and exceeding these limits may require additional verification.
  • Withdrawal Limits:
    • Withdrawal limits are determined by your account verification level. For instance, at KYC Level 1 verification, the daily withdrawal limit is 50 BTC. These limits are subject to change, so it’s advisable to check your account status regularly. 
  • Processing Times:
    • Cryptocurrency Withdrawals: Processing times vary by coin. Bitcoin withdrawals typically take 1-3 hours, while Ethereum withdrawals often complete in under 30 minutes. Less liquid altcoins can range from quick to over 24 hours.
    • Fiat Withdrawals: Processing times depend on the chosen payment method and your region. Bank transfers may take several business days, while card withdrawals can be faster.

  1. Fees Associated with Deposits and Withdrawals

    • Deposit Fees:
      • Cryptocurrency Deposits: Bybit does not charge fees for internal transfers or on-chain crypto deposits into your Bybit account.
      • Fiat Deposits: Fees vary depending on the payment method and currency. For example, bank transfers may incur no fees, while card payments could have associated charges.
    • Withdrawal Fees:
      • Cryptocurrency Withdrawals: Bybit charges a fixed fee for each cryptocurrency withdrawal, which covers network transaction costs. For example, the Bitcoin withdrawal fee is 0.0002 BTC.
      • Fiat Withdrawals: Fees depend on the withdrawal method and currency. Bank withdrawals may have flat fees or percentage-based charges, while card withdrawals could be subject to processing fees.

    Note: All transaction fees are subject to change based on network conditions and Bybit’s policies. It’s recommended to verify the latest fees and limits on Bybit’s official website before initiating any transactions.

How to Make a Deposit with Bybit

Depositing funds into your Bybit account is a straightforward process. Below is a step-by-step guide to assist you:

Step-by-Step Guide for Depositing Funds

  1. Log In to Your Bybit Account:
    • Visit Bybit’s official website and log in with your credentials. If you don’t have an account, click on “Sign Up” and follow the registration prompts.
  2. Navigate to the Deposit Page:
    • After logging in, hover over your account icon in the top right corner.
    • Select “Assets” from the dropdown menu.
    • On the Assets page, click on the “Deposit” tab.
  3. Choose Deposit Method:
    • Bybit offers two primary deposit methods:
      • Cryptocurrency Deposit: Deposit various cryptocurrencies directly into your Bybit account.
      • Fiat Deposit: Deposit fiat currencies using supported payment methods.
  4. For Cryptocurrency Deposits:
    • Select the cryptocurrency you wish to deposit (e.g., Bitcoin, Ethereum).
    • Bybit will generate a unique deposit address for your selected cryptocurrency.
    • Copy this address or use the provided QR code.
    • In your external wallet, initiate a transfer to the copied address. Ensure you are sending the correct cryptocurrency to avoid loss of funds.
  5. For Fiat Deposits:
    • Select your preferred fiat currency and payment method (e.g., bank transfer, credit card).
    • Follow the on-screen instructions, which may include providing personal information and verifying your identity.
    • Complete the payment as directed.
  6. Confirm Deposit:
    • After initiating the deposit, you can monitor its status on the “Assets” page under the “Deposit History” section.
    • Cryptocurrency deposits may require network confirmations before they are credited to your account.

Supported Cryptocurrencies and Fiat Onramps

  • Cryptocurrencies:
    • Bybit supports a variety of cryptocurrencies for deposit, including but not limited to:
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Ripple (XRP)
      • Tether (USDT)
      • Litecoin (LTC)
      • Chainlink (LINK)
      • Cardano (ADA)
      • Polkadot (DOT)
      • Uniswap (UNI)
      • Dogecoin (DOGE)
      • Polygon (MATIC)
      • Solana (SOL)
      • Avalanche (AVAX)
      • Litecoin (LTC)
      • Bitcoin Cash (BCH)
      • Stellar (XLM)
      • Tron (TRX)
      • EOS (EOS)
      • Tezos (XTZ)
      • VeChain (VET)
      • Cosmos (ATOM)
      • Filecoin (FIL)
      • Aave (AAVE)
      • SushiSwap (SUSHI)
      • Decentraland (MANA)
      • The Sandbox (SAND)
      • Axie Infinity (AXS)
      • Chiliz (CHZ)
      • Enjin Coin (ENJ)
      • Flow (FLOW)
      • Gala (GALA)
      • Hedera Hashgraph (HBAR)
      • Helium (HNT)
      • Kusama (KSM)
      • Lisk (LSK)
      • Mithril (MITH)
      • NEM (XEM)
      • Nexo (NEXO)
      • Oraculos (ORAI)
      • Paxos Standard (PAX)
      • Quant (QNT)
      • Ravencoin (RVN)
      • Shiba Inu (SHIB)
      • Terra (LUNA)
      • Waves (WAVES)
      • Zilliqa (ZIL)
      • And more.
  • Fiat Onramps:
    • Bybit provides fiat-to-crypto services, allowing users to purchase cryptocurrencies using various fiat currencies such as USD, EUR, GBP, AUD, and others.
    • Supported payment methods include bank transfers, credit/debit cards, and third-party payment processors.
    • The availability of fiat

How to Make a Withdrawal from Bybit

Withdrawing funds from your Bybit account involves several steps, security verifications, and considerations regarding limits and fees. Here’s a comprehensive guide to assist you:

Withdrawal Process and Security Verifications

  1. Log In to Your Account:
  2. Navigate to the Withdrawal Section:
    • After logging in, click on your account icon in the top right corner.
    • Select “Assets” from the dropdown menu.
    • On the Assets page, click on the “Withdraw” tab.
  3. Select Withdrawal Method:
    • Choose the cryptocurrency you wish to withdraw.
    • Bybit offers various cryptocurrencies for withdrawal, each with its own network and withdrawal fee.
  4. Enter Withdrawal Details:
    • Withdrawal Address: Provide the recipient’s wallet address. Ensure it’s compatible with the selected cryptocurrency’s network.
    • Amount: Enter the amount you wish to withdraw.
    • Security Verification: Complete the security verification process, which may include:
      • Two-Factor Authentication (2FA): Enter the verification code sent to your registered email or mobile device.
      • Anti-Phishing Code: Enter the code set during your account setup to prevent phishing attacks.
  5. Review and Submit:
    • Double-check the withdrawal details, including the address and amount.
    • Confirm that all security verifications are complete.
    • Click “Submit” to initiate the withdrawal.
  6. Withdrawal Processing:
    • After submission, the withdrawal will be processed and reviewed by Bybit’s system.
    • You can monitor the status of your withdrawal in the “Withdrawal History” section on the Assets page.

Withdrawal Limits and Fees

  • Withdrawal Limits:
    • Bybit imposes daily and monthly withdrawal limits based on your account verification level and VIP status.
    • Non-KYC Users:
      • Daily Limit: Up to 20,000 USDT
      • Monthly Limit: Up to 100,000 USDT
    • KYC Level 1:
      • Daily Limit: Up to 1,000,000 USDT
      • Monthly Limit: No limit
    • KYC Level 2:
      • Daily Limit: Up to 2,000,000 USDT
      • Monthly Limit: No limit
    • VIP Levels:
      • Daily limits increase with higher VIP levels, ranging from 6,000,000 USDT (VIP 1) to 30,000,000 USDT (VIP 5).
    • Note: Limits reset daily at 00:00 UTC.
  • Withdrawal Fees:
    • Bybit charges a fixed withdrawal fee for each cryptocurrency, which is deducted automatically from the withdrawal amount.
    • For example, the Bitcoin (BTC) withdrawal fee is 0.0002 BTC per transaction.
    • Fees vary by cryptocurrency and are subject to change based on network conditions.

Potential Delays and How to Avoid Them

  • Network Congestion:
    • During periods of high network activity, withdrawals may experience delays.
    • For instance, Bitcoin withdrawals typically take 1–3 hours, while Ethereum withdrawals often complete in under 30 minutes.
    • To minimize delays, consider initiating withdrawals during periods of lower network activity.
  • Security Reviews:
    • Bybit conducts security reviews for each withdrawal to prevent fraudulent activities.
    • These reviews can add additional processing time.
    • Ensuring your account is fully verified and securing your account with 2FA can help expedite the process.
  • Withdrawal Processing Times:
    • Bybit processes and reviews withdrawal requests at three fixed time intervals: 08:00, 16:00, and 00:00 UTC.
    • Aligning your withdrawal requests with these times may result in faster processing.

Education and Research

Bybit offers a comprehensive suite of educational resources, research tools, and community platforms to support both novice and experienced traders in their cryptocurrency journey.

Bybit’s Educational Resources

  • Bybit Learn: A unified platform combining the former Bybit Blog and Bybit Learn, offering a wide range of articles, tutorials, and guides on cryptocurrency trading, market analysis, and blockchain technology.
  • Getting Started Guides: Step-by-step tutorials designed for beginners to understand the basics of cryptocurrency trading and using Bybit’s platform effectively.
  • 10xResearch: An initiative providing in-depth market analysis, including insights into market movements, exchange distributions, and trading volumes, aimed at enhancing financial literacy in the dynamic crypto market.
  • Tools Discovery: An AI-powered feature that offers personalized tool recommendations based on user preferences, helping traders optimize their trading strategies.
  • Educational Events: Bybit hosts various events such as the “Read-to-Earn” program, offering rewards for completing educational modules, and the “Lessons From The Block” podcast, discussing trends and insights in the crypto space.

Research Tools for Market Analysis

  • Market Insights: Bybit provides regular reports and analyses on market trends, token performances, and economic factors influencing the crypto market, aiding traders in making informed decisions.
  • Tools Discovery: Beyond personalized tool recommendations, this feature also offers simulated real-time profit viewing, allowing traders to assess potential strategies before actual implementation.
  • 10xResearch: Delivers comprehensive data on derivatives, institutional trading volumes, volatility markets, open interest, and leverage for futures and options, providing a deeper understanding of market dynamics.

Community Forums and Learning Platforms

  • Bybit Communities: Join global communities and follow Bybit’s social media accounts to stay updated on the latest news, participate in discussions, and engage in community activities.
  • Social Media Channels: Bybit maintains active profiles on platforms like Discord, Telegram, Reddit, Twitter, Facebook, and Instagram, fostering a vibrant community for knowledge sharing and support.
  • Educational Events and Webinars: Bybit organizes various events, webinars, and workshops, both online and offline, to educate users about cryptocurrency trading, investment strategies, and platform features.

Bybit’s commitment to education and research empowers traders with the knowledge and tools necessary to navigate the cryptocurrency market effectively.

Sponsorships

Bybit, a prominent cryptocurrency exchange, has strategically engaged in various sponsorships and partnerships across sports, esports, and fintech sectors to enhance its brand visibility and market presence.

Major Sponsorships and Partnerships

  • Esports Collaborations:
    • Natus Vincere (NAVI): In August 2021, Bybit entered a three-year partnership with the Ukrainian esports organization NAVI, featuring its logo on team jerseys and collaborating on charitable initiatives and educational projects. 
    • Astralis: Shortly after, Bybit signed a similar three-year agreement with Danish esports club Astralis, placing its branding on their uniforms. 
  • Sports Sponsorships:
    • Argentina National Football Team: In November 2021, Bybit became the main sponsor of the Argentine national football team through a two-year deal with the Argentine Football Association (AFA), featuring its logo on training apparel ahead of the 2022 FIFA World Cup. 
    • Oracle Red Bull Racing: Bybit secured a multi-year sponsorship with the Formula 1 team, reportedly worth $150 million over three years, covering the 2022 to 2024 seasons. 
  • Fintech Engagements:
    • Safehouse Racegraph: Bybit extended its sponsorship portfolio by backing Safehouse Racegraph in the Lamborghini Super Trofeo Asia series, aiming to broaden its reach in Asia and Australia. 

Impact on Brand Visibility

Bybit’s strategic sponsorships have significantly bolstered its brand recognition across diverse audiences:

  • Esports: Partnering with renowned teams like NAVI and Astralis has positioned Bybit prominently within the esports community, fostering engagement with a younger, tech-savvy demographic.
  • Sports: Associations with high-profile entities such as the Argentina national football team and Oracle Red Bull Racing have elevated Bybit’s visibility among global sports enthusiasts, particularly in regions with strong fan bases.
  • Fintech: Collaborations in the fintech sector have underscored Bybit’s commitment to innovation and expansion, attracting attention from investors and professionals interested in the convergence of cryptocurrency and traditional finance.

These sponsorships exemplify Bybit’s dedication to integrating cryptocurrency into mainstream sports and entertainment, thereby enhancing its global brand presence and appealing to a broad spectrum of consumers.

Cashback Rebates Features and Conditions

Overall Rating

  • 4.8/5
OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

N/A

Trading Platform

MetaTrader 5 (MT5), Mobile and Web Trading Apps

Crypto

Yes

Total Pairs

Over 300

Islamic Account

Yes

Trading Fees

Yes

Account Activation

48 Hours

Bybit offers a Cashback Rebates Program designed to reward users for their spending activities, enhancing the overall trading experience. The program provides cashback in the form of Rewards Points, which can be redeemed for various benefits.

Overview of Cashback Rebate Programs

Bybit’s Cashback Rebates Program allows users to earn Rewards Points through eligible transactions made with the Bybit Card. These points can be accumulated and redeemed for bonuses, coupons, fee discounts, NFTs, VIP Trial Cards, token airdrops, digital merchandise, and physical merchandise. 

Eligibility Criteria and Rewards Structure

  • Eligible Transactions: Rewards Points are earned on eligible crypto-funded transactions made with the Bybit Card. Transactions such as ATM withdrawals, money transfers, and certain merchant categories (e.g., financial institutions, prepaid card loads) are not eligible for rewards.
  • Rewards Accumulation: Users accumulate points based on their VIP level, with higher VIP levels offering increased rewards. For example, a VIP 1 user earns 500 points per $1 spent, while a VIP 5 user earns 1,000 points per $1 spent.
  • Monthly Cashback Limits: There are maximum monthly cashback limits based on VIP levels. For instance, VIP 1 users have a monthly cashback cap of 37,500 points, while VIP 5 users have a cap of 100,000 points.

Maximizing Cashback Benefits

To maximize cashback benefits, consider the following strategies:

  • Increase VIP Level: Advancing to a higher VIP level enhances the rewards rate per transaction and increases the monthly cashback limit. VIP levels are determined by factors such as trading volume and account activity.
  • Optimize Spending Categories: Focus spending on categories that offer higher rewards rates and ensure transactions are eligible for cashback.
  • Stay Informed on Promotions: Keep an eye on Bybit’s official announcements for promotional events that offer enhanced cashback rates or additional rewards. For example, the 10% cashback promotion allows users to earn 10% cashback on every dollar spent, with no minimum spend required.
  • Utilize Purchase Rebates: Bybit offers 100% rebates on spending with the Bybit Card for certain merchants. To qualify, subscribe directly through the merchant’s official website and complete the payment using your Bybit Card.

Bybit’s Cashback Rebates Program is designed to enhance user engagement by offering tangible rewards for spending activities. By understanding the program’s structure and strategically planning transactions, users can effectively maximize their cashback benefits.

Geographic Reach and Limitations

Bybit, a prominent cryptocurrency exchange, operates globally but is subject to regional restrictions due to regulatory and legal considerations.

Countries Where Bybit Is Available

Bybit serves users worldwide, including regions like Europe, Asia, and the Middle East. Its headquarters are located in Dubai, United Arab Emirates. 

Restricted Regions and Legal Considerations

Bybit faces regulatory restrictions in several countries and regions:

  • United States: Bybit is blocked from operating in the U.S., and users residing there are prohibited from accessing its services.
  • Canada (Ontario): In June 2022, Bybit reached a settlement with the Ontario Securities Commission, agreeing to halt new account openings and product offerings in Ontario due to operating without proper registration.
  • Japan: The Financial Services Agency has issued warnings to Bybit for operating without proper registration, leading to restrictions on its services in Japan.
  • United Kingdom: Bybit ceased serving users in the UK following a ban on retail cryptocurrency derivatives by the Financial Conduct Authority in 2021.
  • Singapore: Bybit operates under the regulatory framework of Singapore but has faced scrutiny regarding compliance with local regulations.
  • Russia: Bybit has maintained operations in Russia despite geopolitical tensions, stating a neutral position and not blocking accounts unless they violate exchange rules.
  • Quebec, Canada: Bybit is restricted from operating in Quebec, Canada, due to regulatory considerations.
  • Other Restricted Jurisdictions: Bybit may also be restricted or prohibited in other jurisdictions due to local laws and regulations.

Workarounds for Traders in Restricted Countries

Attempting to bypass regional restrictions through VPNs or other means violates Bybit’s terms of service and may lead to account suspension or legal consequences. Users are advised to comply with local laws and regulations and refrain from attempting to circumvent regional restrictions.

It’s essential for users to verify the legality of using Bybit in their respective countries and adhere to all applicable laws and regulations.

Alternatives

When exploring cryptocurrency exchanges, it’s essential to consider platforms that align with your trading needs and preferences. Below is an overview of three prominent exchanges—Binance, Kraken, and OKX—highlighting their pros, cons, and suitability for various trader profiles.

Binance

Pros:

  • Extensive Cryptocurrency Support: Binance offers a vast selection of cryptocurrencies, providing access to numerous trading pairs.
  • Competitive Fees: The platform is known for its low trading fees, which can be further reduced by holding Binance Coin (BNB).
  • Advanced Trading Features: Binance provides a range of trading options, including futures, options, and margin trading, catering to both novice and experienced traders.

Cons:

  • Regulatory Challenges: Binance has faced regulatory issues in several countries, leading to restrictions on certain services.
  • Complex Interface: The platform’s extensive features can be overwhelming for beginners.

Kraken

Pros:

  • Strong Security Measures: Kraken is renowned for its emphasis on security, implementing robust encryption and two-factor authentication (2FA).
  • Regulatory Compliance: Based in the U.S., Kraken adheres to regulatory standards, providing a sense of security for users.
  • User-Friendly Interface: The platform offers an intuitive interface, making it accessible for beginners.

Cons:

  • Limited Cryptocurrency Selection: Kraken supports fewer cryptocurrencies compared to Binance and OKX.
  • Higher Fees: Trading fees on Kraken can be higher, especially for lower-volume traders.

Suitable For: Beginners and security-conscious traders who prioritize regulatory compliance and a user-friendly experience over an extensive range of cryptocurrencies.

OKX

Pros:

  • Diverse Trading Options: OKX offers spot trading, futures, options, and more, catering to various trading strategies.
  • Extensive Cryptocurrency Support: The platform supports over 400 cryptocurrencies and numerous trading pairs.
  • Competitive Fees: OKX provides competitive trading fees, appealing to active traders.

Cons:

  • Regulatory Restrictions: OKX is unavailable to users in certain countries, including the U.S., limiting access for some traders.
  • Complex Platform: The wide array of features may be challenging for newcomers to navigate.

Suitable For: Experienced traders seeking a platform with diverse trading options and a broad selection of cryptocurrencies, provided they are in a region where OKX operates.

JustMarkets

Recommendations

Overall Rating

  • 4.8/5
OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

N/A

Trading Platform

MetaTrader 5 (MT5), Mobile and Web Trading Apps

Crypto

Yes

Total Pairs

Over 300

Islamic Account

Yes

Trading Fees

Yes

Account Activation

48 Hours

Who Should Consider Trading on Bybit

Bybit is suitable for a diverse range of traders:

  • Experienced Traders: With advanced features like futures and options trading, high leverage up to 125x, and a wide array of cryptocurrencies, seasoned traders can leverage Bybit’s tools for sophisticated strategies.
  • Automated Trading Enthusiasts: Bybit’s trading bots and copy trading options appeal to those interested in automated trading strategies, allowing users to execute trades based on predefined algorithms or mirror successful traders’ strategies.
  • Mobile Traders: The platform’s intuitive mobile app enables traders to manage their portfolios and execute trades on the go, catering to those who prefer trading from mobile devices.

Best Strategies for Maximizing Bybit’s Features

To fully utilize Bybit’s offerings, consider the following strategies:

  • Leverage Educational Resources: Bybit provides comprehensive guides and tutorials on various trading strategies, including short-term and long-term approaches. Engaging with these resources can enhance your trading knowledge and skills.
  • Utilize Automated Trading Tools: Explore Bybit’s trading bots and copy trading features to automate your trading strategies, which can help in executing trades efficiently and potentially maximizing profits.
  • Implement Risk Management Practices: Utilize Bybit’s risk management tools, such as setting stop-loss and take-profit orders, to protect your investments and manage potential losses effectively.
  • Stay Informed with Market Analysis: Regularly analyze market trends and news to make informed trading decisions. Bybit’s platform offers various tools and resources to assist with market analysis.

Potential Improvements for Bybit Based on User Feedback

While Bybit offers a robust trading platform, user feedback suggests areas for enhancement:

  • Enhanced Customer Support: Users have reported that response times can increase during high-traffic periods. Improving customer support responsiveness could enhance user satisfaction.
  • Simplified User Interface: Some users find the platform’s extensive features overwhelming. Streamlining the user interface or offering customizable layouts could improve the user experience, especially for beginners.
  • Expanded Educational Resources: While Bybit offers educational content, expanding these resources to cover a broader range of topics and skill levels could attract and retain a wider audience.

Bybit continues to evolve based on user feedback, aiming to provide a comprehensive and user-friendly trading experience.

Customer Support

Bybit offers multiple channels to assist users with their inquiries and issues. Understanding these channels, their response times, and common user experiences can help you navigate the support system effectively.

Available Support Channels

  1. Live Chat: Accessible 24/7 through Bybit’s website and mobile app, live chat allows real-time communication with support agents for immediate assistance.
  2. Email: Users can contact Bybit’s support team via email at support@bybit.com. Response times vary, with initial replies typically within several hours to a full day.
  3. Social Media: Bybit maintains a presence on platforms like Twitter, Instagram, and Facebook, providing updates and support through direct messages and comments.
  4. Help Center: An extensive repository of FAQs, guides, and troubleshooting articles is available on Bybit’s Help Center, offering self-service support for common issues.

Response Times and Effectiveness

  • Live Chat: Generally provides prompt responses, with many users reporting quick resolutions to basic inquiries.
  • Email: While initial responses are usually timely, complex issues may require longer resolution times.
  • Social Media: Response times can vary, with some users experiencing delays during high-traffic periods.
  • Help Center: Offers immediate access to information, allowing users to find solutions independently at any time.

Common User Complaints and Solutions

Complaints:

  • Delayed Responses: Some users have noted that during peak times, especially market volatility periods, response times can increase. 
  • Complex Issue Resolution: While simple inquiries may be resolved quickly, more intricate problems can take longer to address.

Solutions:

  • Utilize Live Chat for Urgent Matters: For immediate assistance, especially during high-traffic periods, using the live chat feature is recommended.
  • Provide Detailed Information: When submitting support tickets or emails, include comprehensive details about the issue to facilitate faster resolution.
  • Consult the Help Center: For common questions and troubleshooting, the Help Center offers a wealth of information that can expedite finding solutions independently.

Bybit strives to enhance its customer support services continually. Users are encouraged to provide feedback to help improve the support experience further.

Customer Reviews

Bybit, established in 2018, has become a prominent cryptocurrency exchange known for its advanced trading features and high leverage options. User experiences with Bybit are varied, reflecting both positive feedback and constructive criticisms.

Aggregated Feedback from Traders

Positive Reviews:

  • Advanced Trading Features: Many users appreciate Bybit’s sophisticated trading tools, including futures and derivatives markets, which cater to both novice and experienced traders.
  • Competitive Fees: Traders often commend Bybit for its competitive fee structure, which is considered favorable compared to other exchanges.
  • Educational Resources: The platform’s educational materials, such as tutorials and guides, receive positive feedback for helping users enhance their trading knowledge.

Negative Reviews:

  • Customer Support Concerns: Some users have reported delays in response times and challenges in resolving complex issues through Bybit’s customer support channels.
  • Withdrawal Process Issues: There are occasional complaints about the withdrawal process, including delays and verification challenges.
  • Platform Complexity for Beginners: New traders might find Bybit’s extensive features and interface overwhelming, leading to a steeper learning curve.

Insights from Industry Experts

Industry analyses present a balanced view of Bybit’s position in the cryptocurrency exchange market.

  • Security Measures: Bybit is recognized for its robust security protocols, including cold storage and two-factor authentication, enhancing user trust.
  • Trading Experience: Experts highlight Bybit’s user-friendly interface and advanced trading options, making it suitable for both beginners and seasoned traders. 
  • Regulatory Considerations: Some reviews note that Bybit operates in a relatively unregulated space, which may be a consideration for users prioritizing regulatory compliance.

Pros and Cons

Strengths of Bybit as a Trading Platform

  • Advanced Trading Features: Bybit offers a comprehensive suite of trading tools, including spot trading, futures, and derivatives markets, making it suitable for both novice and professional traders. It also supports high leverage (up to 125x).
  • Low Fees: Bybit’s fee structure is competitive compared to other exchanges, with relatively low trading fees and no deposit fees, making it cost-effective for frequent traders.
  • Security and Safety: The platform is known for its robust security measures, including cold storage for funds and two-factor authentication (2FA), ensuring user assets remain secure.
  • User-Friendly Interface: Despite its advanced features, Bybit’s platform is designed to be user-friendly, with an intuitive interface that facilitates easy navigation for both beginner and experienced traders.
  • Educational Resources: Bybit offers an extensive range of educational materials, including tutorials, webinars, and blogs, to help traders enhance their trading skills and understand the platform.
  • Mobile App: Bybit’s mobile application is highly rated, providing traders with full functionality to manage accounts, execute trades, and monitor markets from anywhere.

Potential Drawbacks and Areas of Improvement

  • Customer Support Delays: A common complaint is the slow response times during periods of high traffic. Users have reported delays in receiving assistance for more complex issues, which could be frustrating for traders in need of urgent support.
  • Withdrawal Issues: Some users have experienced delays or complications when withdrawing funds from the platform, particularly when verifying their identity or fulfilling certain security requirements.
  • Limited Regulatory Oversight: Bybit operates in a relatively unregulated space, which may deter traders who prioritize working with platforms under strict regulatory compliance. This lack of regulation could raise concerns regarding user protection in the long term.
  • Complexity for Beginners: The platform’s array of advanced features might be overwhelming for newcomers to cryptocurrency trading. A simpler onboarding experience and more beginner-focused tutorials could improve accessibility for those new to the space.
  • Limited Fiat Onramps: While Bybit supports various cryptocurrencies for deposits and trading, the fiat deposit options are limited compared to other platforms like Binance or Coinbase, potentially limiting access for users who want to deposit directly with fiat.

In Conclusion

Summary of Bybit’s Key Offerings

  • Advanced Trading Features: Bybit offers a wide range of trading products, including spot trading, futures, and derivatives, with high leverage options (up to 125x). It also supports leveraged tokens and unique trading pairs.
  • Competitive Fees: Bybit’s fee structure is competitive, with low trading fees and no deposit fees, making it cost-efficient for active traders.
  • Security and Safety: Bybit ensures user funds are protected with advanced security protocols, such as cold storage and two-factor authentication (2FA).
  • Educational Resources: A robust library of educational materials, including tutorials and webinars, is available to help traders of all experience levels.
  • Mobile App: Bybit’s mobile app provides users with full platform functionality, allowing them to trade and monitor markets on the go.
  • Customer Support: While Bybit provides 24/7 live chat, email, and social media support, there are some concerns regarding slower response times during high traffic periods.

Final Thoughts on Whether Bybit is a Good Choice for Traders

Bybit is a strong choice for traders who value advanced features, low fees, and high leverage options. Its user-friendly interface and educational resources make it accessible to beginners, although there may be a learning curve due to the platform’s complexity.

For professional traders, particularly those interested in derivatives and high-leverage trading, Bybit stands out with its diverse product offerings. However, traders who prioritize regulatory compliance or those new to the crypto space may find some areas of concern, such as withdrawal delays and customer support response times.

Overall, Bybit is a reliable and feature-rich platform for experienced traders looking for robust tools and competitive fees. However, potential users should be aware of its drawbacks, including the limited fiat onramp options and occasional support challenges, before committing.

Our Findings

Key Takeaways from the Analysis

  • Comprehensive Trading Platform: Bybit offers an extensive array of products, including spot trading, futures, derivatives, and leveraged tokens, catering to a wide variety of trader needs. The platform’s advanced features and high leverage options (up to 125x) make it an attractive choice for seasoned traders.
  • Competitive Fee Structure: Bybit’s fee structure is notably competitive, with low trading fees, no deposit fees, and relatively affordable withdrawal fees, enhancing its appeal to active traders looking to minimize transaction costs.
  • Security and Safety: Bybit places a strong emphasis on security, utilizing cold storage and two-factor authentication (2FA) to safeguard user assets. These measures provide traders with confidence that their funds are well-protected.
  • Educational Resources: Bybit provides a wide range of educational tools, from beginner tutorials to advanced market analysis, making it accessible to traders of all experience levels who wish to improve their skills.
  • Customer Support Challenges: While Bybit offers 24/7 support through live chat, email, and social media, response times can be slow during peak periods, and some users have reported challenges with more complex issues. This is an area where the platform could improve.
  • Platform Usability: Bybit’s user interface is generally well-designed, with a user-friendly mobile app and a web-based platform suitable for both beginners and experienced traders. However, the complexity of the platform may overwhelm newcomers.
  • Regulatory Considerations: Bybit operates in a less-regulated environment compared to some competitors, which could be a concern for traders prioritizing compliance with strict regulations.

Bybit’s Overall Standing in the Crypto Trading Industry

Bybit stands out as one of the leading cryptocurrency exchanges, particularly for those interested in high-leverage trading and advanced derivatives products. Its competitive fees, robust security features, and diverse educational tools have contributed to its rapid growth and popularity among crypto traders.

However, its position in the industry is somewhat marred by concerns over customer support and the regulatory landscape. Despite these drawbacks, Bybit is considered a strong contender in the crypto trading industry, especially for traders seeking advanced features and a user-friendly experience.

Overall, Bybit’s offerings place it among the top exchanges in terms of features and innovation, but it could benefit from improvements in customer support and regulatory compliance to enhance its standing further.

Frequently Asked Questions

  1. What is Bybit?

Bybit is a cryptocurrency trading platform that offers a range of trading products including spot trading, futures, derivatives, and leveraged tokens. It is known for its advanced trading features and high leverage options (up to 125x), catering to both novice and experienced traders.

  1. Is Bybit safe to use?

Yes, Bybit employs a range of security measures such as cold storage for user funds and two-factor authentication (2FA) to ensure the safety of assets. While the platform has a strong security framework, traders should always be mindful of maintaining secure account practices.

  1. What are the fees on Bybit?

Bybit offers competitive fees:

  • Trading Fees: Spot trading and futures contracts incur fees, with makers generally paying lower fees than takers.
  • Withdrawal Fees: While there are no deposit fees, withdrawal fees vary depending on the cryptocurrency.
  • Other Fees: There may be additional fees for specific trading features like perpetual contracts.
  1. How do I deposit funds into Bybit?

You can deposit cryptocurrencies into your Bybit account through various blockchain networks. Bybit also supports fiat deposits via third-party services like Simplex and Banxa, though fiat deposit options are more limited compared to other exchanges.

  1. What is the minimum deposit on Bybit?

The minimum deposit on Bybit depends on the cryptocurrency you are depositing. Generally, the minimum deposit amounts are very low for most cryptocurrencies, making it accessible to traders with smaller amounts.

  1. How can I withdraw my funds from Bybit?

Withdrawals can be made to any wallet address that you own. The process involves submitting a withdrawal request, completing security verifications (like 2FA), and paying a small withdrawal fee. Processing times can vary depending on the cryptocurrency and network congestion.

  1. What is Bybit’s leverage and how does it work?

Bybit offers leverage of up to 125x on certain products like futures and perpetual contracts. This means traders can control a large position with a relatively small investment. However, higher leverage increases both potential gains and risks, so it should be used cautiously.

  1. Can beginners use Bybit?

Yes, Bybit is designed to cater to both beginners and professional traders. The platform offers educational materials, tutorials, and an intuitive interface. However, the wide range of advanced trading features might overwhelm new users, so it’s recommended for beginners to start with spot trading or lower leverage options.

  1. Is Bybit regulated?

Bybit operates in a relatively unregulated space compared to some other exchanges. While it follows industry best practices for security, it does not operate under strict regulatory frameworks in many regions, which might concern traders who prioritize compliance.

  1. Does Bybit offer an affiliate program?

Yes, Bybit has an affiliate program where users can earn commissions by referring new traders to the platform. Affiliates can earn a percentage of the trading fees paid by their referrals, with the potential for lifetime commissions.

  1. How do I contact Bybit customer support?

Bybit offers multiple support channels including live chat, email support, and social media platforms like Twitter and Telegram. However, response times can sometimes be delayed, especially during periods of high traffic.

  1. Can I trade on Bybit via mobile?

Yes, Bybit offers a mobile app for both iOS and Android devices, allowing traders to manage their accounts, place trades, and monitor the markets on the go.

  1. What is the difference between spot trading and futures trading on Bybit?
  • Spot Trading: Involves buying and selling cryptocurrencies at the current market price.
  • Futures Trading: Involves trading contracts that allow you to speculate on the future price of cryptocurrencies, often with the option of using leverage to amplify gains (or losses).
  1. What are the security features on Bybit?

Bybit employs multiple layers of security to protect users’ funds, including cold storage for the majority of assets, two-factor authentication (2FA), and regular security audits. The platform also has a robust insurance fund for futures traders to help cover liquidation shortfalls.

  1. What should I do if I face issues while using Bybit?

If you encounter any issues, you can reach out to Bybit’s customer support via live chat, email, or social media. It’s also useful to check Bybit’s help center for troubleshooting tips and guides.

Bybit provides an excellent range of tools and resources for both novice and experienced traders. However, it’s important to understand the risks associated with high-leverage trading and to use security best practices to protect your account and funds.

Overall Rating

  • 4.8/5
OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

N/A

Trading Platform

MetaTrader 5 (MT5), Mobile and Web Trading Apps

Crypto

Yes

Total Pairs

Over 300

Islamic Account

Yes

Trading Fees

Yes

Account Activation

48 Hours

References

Sources Used for the Analysis

These sources were used to gather detailed insights and the most up-to-date information regarding Bybit’s services, features, fees, security measures, and overall platform offerings.

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