Fees, Security & Earn Products

If you’re looking for an extensive Bybit review to start trading digital assets, look no further. Established in 2018, Bybit has gained immense popularity among crypto communities, especially for trading derivatives and its competitive fee structure. It also offers multiple trading features, catering to both beginners and advanced traders alike. 

In this article, we’ll walk you through various aspects of Bybit, including its key features, staking options, and fees. We’ll also guide you on how to create a Bybit account, execute trades, and make deposits or withdrawals.

Bybit Exchange Review: Quick Summary

Bybit Review: What is Bybit?

Bybit is a leading cryptocurrency derivatives exchange and Web3 firm based in Dubai, UAE. It serves over 77 million users across 241+ countries worldwide. Touted as a cryptoark and gateway to Web3, Bybit aims to transform traditional finance and promote crypto adoption. It also consistently features among the world’s top three crypto exchanges in terms of trading volumes.

Bybit Pros

• Competitive trading fees.
• Deep liquidity.
• Facilitates trading of options, expiry futures, and perpetual futures contracts.
• TradingView and MetaTrader-5 integration.
• Zero-fee P2P trading.
• Offers passive income-yielding products and services via Bybit Earn. 
• Robust security measures.
• Comprehensive learning resources for beginner and experienced traders.
• Supports multi-asset trading via TradFi.
• Provides crypto loans at competitive interest rates.
• Unified trading account for institutional traders.

Bybit Cons

• Novice traders may find the platform overwhelming.
• Faces regulatory restrictions in many countries, including the US.
• Closed its NFT marketplace in April 2025.
• Suffered a security breach in February 2025.

Bybit Review: Trading Features

1. Spot Trading

Bybit enables you to trade 519+ cryptocurrencies, including popular coins like Bitcoin and Ethereum, in the spot market. It offers 690+ spot pairs with a leverage of up to 10x.

2. Margin Trading

Bybit facilitates leveraged trading, enabling traders to control large positions by investing small amounts of capital upfront. It enables you to borrow and leverage funds by collateralizing your digital assets. Moreover, you can utilize your capital efficiently and diversify your crypto portfolio. 

Currently, Bybit provides a leverage of up to 125x on select futures pairs. Its TradFi platform offers up to 500x leverage on 100+ trading pairs, including forex, CFDs, cryptocurrencies, stock indices, and commodities.

3. Derivatives Trading

Bybit offers perpetual contracts and expiry futures, settled in USDT, USDC, or cryptocurrencies. Unlike traditional futures, perpetual futures contracts have no expiration date. You can hold them indefinitely as long as you’ve sufficient margins to maintain your positions. Currently, Bybit supports 791+ derivative pairs, including perpetual contracts and regular futures. 

Furthermore, the exchange enables you to trade USDT-settled Bitcoin, Ethereum, and Solana options. If you’re a BTC or ETH enthusiast, you can even opt for USDC-settled option contracts. 

4. Trading Bots

If you’re looking for pre-programmed and codeless robots that automate crypto transactions, Bybit trading bots are worth checking out. They provide time-saving and efficient trading strategies that boost your returns at no extra cost.

From spot grid and DCA bots to futures grid and martingale bots, Bybit offers a wide range of trading automations. Its futures combo bot is an innovative tool that helps you build a portfolio of futures contracts. It also auto-rebalances your positions periodically without disrupting the pre-defined weights of each contract. Overall, each bot is designed to capitalize on specific investment goals, market conditions, or trading styles.

Newcomers can use the Auto-fill functionality to configure bots with pre-built or high-APR parameters. Conversely, experienced traders can join the Bybit community to obtain the latest market updates and recommended strategies. 

In essence, Bybit’s smart bots enable you to achieve short-term and long-term growth regardless of price movements and market volatilities.

5. Copy Trading

New traders with no or little knowledge of basic or advanced strategies would find Bybit’s copy trading feature helpful. It enables you to replicate the trades of professional traders and serves as a cutting-edge portfolio management tool. 

Bybit allows you to emulate up to 10 master traders simultaneously. You can also filter elite investors based on various parameters like ROI, number of followers, leaderboard rankings, etc.

However, each master trader has different settings. Therefore, you can’t combine orders from different experts. 

If you’re an accomplished investor with a strong track record, you can also become a master trader. You’ll earn additional income while sharing your knowledge with others and building a follower base. 

6. Advanced trading tools

• TradFi: Bybit’s MT5 platform enables you to trade diverse financial instruments like forex, CFDs, metals, stocks, indices, and commodities. It offers deep liquidity, tight spreads, competitive fees, and a dedicated 24/7 customer support. 
• TradeGPT: It is a cutting-edge tool that delivers AI-powered data insights, real-time price updates, and token analysis through Lens. It also offers tailored market reports to foster intelligent decision-making and an AI chatbot to resolve your queries. 
• TradingView: Bybit allows traders to buy/sell cryptocurrencies directly from TradingView. You can take advantage of TradingView’s responsive interface, sophisticated charting tools, and comprehensive customization options to elevate your trading experience. You’ll also get access to 400+ indicators for advanced technical analysis.
• Position builder: It helps Bybit users simulate profits/losses for perpetuals, futures, and options contracts before executing actual orders with real money.
• Spread trading: It involves opening two opposite positions (legs) using any combination of spot, perpetual, and futures contracts with different expiry dates. Your potential profit/loss depends on the price differences between the legs. 

7. Pre-Market Trading

Pre-market trading is an over-the-counter (OTC) service that helps you trade perpetual contracts on upcoming tokens. You can speculate on the future prices of these contracts before they’re officially listed. If you’re short-selling or executing pre-market trades in the spot market, you can hedge your positions with pre-market perpetuals. By gaining early access to forthcoming projects, you can also avoid paying higher entry prices at launch.

Bybit conducts a call auction in three phases for users who want to trade pre-market perpetuals:

• Price discovery: You can place and cancel orders at will.
• Price stabilization: You can place orders, but can’t cancel them. This way, the exchange prevents price manipulations.
• Price matching: Buy and sell orders are matched at the auction price. Participants can’t cancel orders during this stage. 

Depending on the buy/sell order quantities, the contract may get delisted. If it proceeds to a continuous auction, you can trade 24/7 as orders will be executed in real-time.

8. Other Features

• Bybit Card: Bybit issues both Mastercard and Visa cards, enabling cardholders to make fiat/crypto payments worldwide. You can earn a 10% cashback, up to $150, on your daily spending. You’ll also get up to 8% APR on your idle card balances.

The card is compatible with Google, Apple, and Samsung Pay. Other benefits include 100% rebate on selected partners, free ATM withdrawals of up to $100, and zero issuance or annual fees.

• Demo Trading: This feature helps you practice trading in a simulated environment using virtual funds. It also enables you to test advanced strategies and calculate potential profits/losses without risking your actual capital. 
• P2P Trading: The exchange offers a secure peer-to-peer (P2P) marketplace that helps you buy/sell cryptocurrencies from other traders at agreed-upon prices. At present, Bybit supports 600+ payment methods and doesn’t impose transaction fees for P2P trades.

Bybit Review: Bybit Earn Products

1. Easy Earn

This product comes with low entry barriers and allows traders to earn on their idle funds. Bybit offers two variants of Easy Earn: flexible-term and fixed-term products. 

For flexible-term products, the daily yield depends on the quantity and type of assets invested. It is auto-calculated and updated hourly based on market trends and token type. A major advantage of flexible products is that they allow you to redeem your assets at any time. 

For fixed-term products, the APR and investment tenure are predetermined when you buy the plan. Both principal and yield are automatically credited to your funding account when the tenure ends.

2. On-chain Earn

You can earn passive income by staking your cryptocurrencies directly on the blockchain. To simplify the staking process, Bybit manages the inherent complexities, including gas fees, node operations, and reward distribution. Thus, you can stake major assets such as Ethereum and Solana seamlessly.

When you lock up assets on proof-of-stake blockchains, you’ll get new tokens or a portion of transaction fees as rewards. In addition, Bybit offers a bonus APR to boost your earnings. 

3. Dual assets

If you want to leverage the “buy low” and “sell high” strategies, Dual assets could be the perfect product for you. They help you set a target price for a cryptocurrency on a pre-determined date. You can either buy the dip or take profits, while earning an interest yield. You can also reinvest your funds to make higher gains. Moreover, dual assets help you earn even during volatile market conditions.

4. Double-Win

Double Win is an advanced structured product that enables you to profit from violent market movements in either direction. You’ll make gains as long as the settlement price moves away from the pre-defined range. 

The opportune time to invest in this product is before pivotal events like Ethereum upgrades and the release of CPI reports. It also serves as a hedge against market fluctuations. 

However, a double-win is not a principal-protected offering. Therefore, you’ll lose your entire capital if the settlement price falls within the preset range. 

5. Discount Buy

It is a principal-guaranteed product that helps you buy tokens at discounted prices. But you can make the purchase only if the settlement price is lower than the knockout price. If the settlement price is higher, you can claim the principal and interest, enabling you to earn steady returns. 

The knockout price is a rate calculated by the Bybit system. It determines whether you’ll purchase the chosen cryptocurrencies or obtain the final principal and interest in USDT.

For MNT, the exchange doesn’t set price limits. Therefore, you can buy MNT tokens at the purchase price at maturity, regardless of market volatility. 

In a discount buy, you’ll buy an underlying asset as long as the settlement price is lower than the knockout price. The difference between the settlement and purchase prices doesn’t matter. Additionally, you need to buy crypto at the purchase price, even if the settlement rate is much lower.

6. Smart leverage

It is a structured product exclusively designed for active traders who want to engage in high-leverage trading. It offers up to 200x leverage on select contracts and is best-suited for traders who can accurately forecast market movements. 

Smart Leverage entails zero trading costs and facilitates flexible redemptions, meaning you can close a position any time before settlement. Moreover, your positions aren’t liquidated before expiry. 

However, you may lose your entire capital if the settlement price falls above or below a specific point. Thus, utilize the pre-built simulator to understand inherent risks before subscribing to the product. 

7. Liquidity Mining

Bybit offers a variety of liquidity pools that are based on the Automated Market Maker (AMM) model. Each pool comprises a token pair. 

By adding liquidity to a pool, you can become a liquidity provider (LP), increase your share, and magnify your yield. Plus, the liquidity you add will be applied to the market. Hence, you can get a higher yield and utilize your capital more efficiently. You can also swap coins in the pool effortlessly.

However, liquidity mining is subject to impermanent losses. If you use leverage, you’re also exposed to the risk of liquidation.

8. Margin-staked SOL

Solana holders can stake SOL to receive bbSOL, Bybit’s pioneer exchange-backed liquidity staking token for Solana. bbSOL tokens represent your locked-up assets and are held as a position. When you redeem bbSOL for SOL at the prevailing exchange rate, you’ll receive your SOL principal and staking rewards.

Bybit App Review: User Experience

The Bybit app is compatible with iOS and Android devices. It enjoys high ratings on both Google Play Store (4.6/5) and Apple Store (4.7/5).

The Bybit app has an intuitive design and is optimized for mobile devices. Almost all features that are available on the website are offered on the app as well. Whether you want to trade cryptocurrencies or subscribe to Bybit Earn products, everything is possible through the app. You can also visualize charts, access sophisticated technical tools, and customize layouts. In essence, trading on the go is a breeze with the Bybit app.

Bybit Fees Review

1. Trading Fees

Bybit has implemented a tier-based fee structure. Your tier is determined based on your 30-day trading volumes, 30-day average net borrowing, or asset balance. The higher these values, the higher your level, and the lower your fees. Once you reach VIP5, you can advance to Supreme VIP or Pro1 – Pro6 levels solely based on your trading volume. Overall, Bybit’s VIP program helps reduce trading costs. 

• Spot trading fees: Bybit charges a flat 0.1% maker and taker fee for non-VIP users trading crypto-to-crypto pairs. For crypto-to-fiat pairs, maker and taker fees start at 0.15% and 0.2%, respectively. If you hold MNT tokens, you’ll get a 25% fee discount.
• Perpetuals and futures trading charges: At the non-VIP level, Bybit charges a 0.02% maker and 0.055% taker fees across all trading pairs. It also offers a 10% rebate to MNT holders. For perpetual pre-market trading, the fee structure is 0.04% for makers and 0.1% for takers. 
• Options trading fees: For non-VIP Bybit users, the maker fee for trading options is 0.02% and the taker fee is 0.03%.

Trading charges at the highest level (Pro 6)

2. Deposits and Withdrawals Fees

The exchange doesn’t levy fees for internal transfers, on-chain crypto deposits, and P2P purchases. However, Bybit users must incur transaction fees while buying cryptocurrencies. These fees will vary based on the chosen payment method. On the other hand, Bybit imposes a fixed withdrawal fee, which varies based on the chosen cryptocurrency and blockchain. 

How to Use Bybit?

How to Open a Bybit Account?

Step 1: Create a Bybit account.

Visit the official website of Bybit or download its mobile app. Click the “Sign Up” button in the top right corner of the homepage. You’ll be redirected to the account creation page.

Enter your location and your e-mail/mobile number. If you have a promo code, enter it in the referral code field. Tick the checkbox to confirm that you agree to Bybit’s terms of service and privacy policy. Once done, click the “Create Account” tab. You can also register on Bybit using your Google, Apple, or Telegram ID. 

Step 2: Complete the sign-up process.

Before verifying your e-mail or phone number, Bybit requires you to complete a simple puzzle. Next, you’ll receive a verification code on your email/mobile number. Enter the code and proceed to set up a secure password. The password should contain 8-30 characters, including a number, a lower-case letter, and an upper-case letter. 

Step 3: Complete identity verification.

Bybit requires identity verification and doesn’t allow traders to use the platform without completing the know-your-customer process. It offers three levels of KYC verification:

• Standard verification: Upload a government-issued ID like a passport or driver’s license as proof of identity. Capture a clear selfie using your device camera to finish the facial recognition scan. In some locations, you may also need to record a video. Some users may even need to fill out an identity assessment questionnaire.
• Advanced verification: Traders who require the Bybit Card or MT5 need to complete Advanced verification to unlock these features. Submit proof of residence, such as utility bills, bank statements, or tax returns, dated within the last three months. 
• Pro verification: If you want the maximum deposit/withdrawal limits and access to Bybit’s full suite of services, complete Pro-level verification. It entails enhanced due diligence (EDD), which requires you to complete a detailed questionnaire and furnish proof of income.

How to Trade on Bybit?

Step 1: Go to the trade section

Navigate to the “Trade” section on the Bybit homepage. Choose spot, futures, or options from the drop-down menu. Next, click on a coin pair to go to the trading terminal.

Step 2: Adjust the trading parameters

Review the chart to track the chosen pair’s price movements. Click on the cross option under the trade section to adjust leverage type. You can select cross, isolated, or portfolio margin mode based on your preferences. 

Next to the margin type tab, you can see the leverage ratio, such as 2x, 5x, or 10x. The system displays the default leverage for the selected pair. If necessary, you can adjust the leverage ratio. Now set the order price and quantity you want to trade.

Lastly, specify any of the following order types:

• Limit order: You can set the price at which you want to execute the trade.
• Market order: Your order will execute at the best available market price.
• Conditional order: Your trade will execute only if specific price conditions are met. This order type helps set stop-loss limits. It is also useful for breakout trading.

Step 3: Execute the order

Depending on market conditions and your requirements, place a buy/sell order or open a long/short futures position. In general, go long when markets are falling and go short when markets are rising.

How to Deposit & Withdraw at Bybit?

Depositing tokens

• Log in to your account. 
• Click the “Deposit” button on the top right corner of your dashboard to deposit fiat or crypto into your Bybit account.
• For crypto deposits, specify the cryptocurrency you want to deposit and the blockchain from which you’re transferring/withdrawing the coin. Acknowledge the message showing your deposit details. 
• Your Bybit deposit wallet address will appear. Copy and paste it as the destination address on the platform from which you’re withdrawing. For some cryptocurrencies, you need to specify a memo tag in the Comments field. Once done, the deposited amount will reflect in your funding account. 
• If you want to deposit fiat, choose the fiat currency, deposit amount, and payment method. 
• Once you’ve entered the necessary details, click the “Continue” tab. 
• Depending on your location, you may need to fill out a questionnaire. You must provide basic details related to your transaction, occupation, income, nationality, residence, and usage declaration. Once done, your fiat deposit amount will get credited to your funding account successfully.

Withdrawing tokens

• Log in to your Bybit account. 
• Click on the “Assets” tab on the upper right-hand corner and choose “Withdraw” from the drop-down menu. Alternatively, you can go to your funding account and click the “Withdraw” button next to the coin you want to withdraw.
• Enter the coin you desire to withdraw and the wallet address to which you want to send the tokens.
• Select the chain type and enter the withdrawal amount.
• Click the “Confirm” tab. You’ll be directed to the wallet verification page.
• If your wallet address is not verified, a verification code will be sent to your e-mail. You need to complete Google authentication as well. For addresses verified in the withdrawal address whitelist, you don’t need to complete this verification process.
• To confirm the withdrawal request, the Bybit exchange platform will send you another verification code via your e-mail. Enter the code.
• Next, input the 6-digit Google Authenticator 2FA security code.
• Click “Submit”. Your withdrawal request has been submitted successfully.

Bybit Review: Security Measures

• Insurance fund: Bybit has set up a reserve pool that the system uses to safeguard traders from excessive losses. When a trader’s position is liquidated, the closing price may either be greater or lower than the bankruptcy price. If the closing price is higher, the trader’s remaining margin is added to the fund. If it is lower, it may lead to losses that are greater than the trader’s initial margin. In that case, the fund will cover the losses.
• Two-factor authentication (2FA): For additional security, Bybit requires you to enable Google 2FA as soon as you log in to your Bybit account.
• Fund password: You need to set up a fund password that helps verify security and withdrawal requests. It is different from your login password. It protects your funds even if somebody gets hold of your login credentials.
• FIDO passkeys: It leverages biometrics to perform security verification across multiple devices. It acts as an extra layer of security for your transactions.
• Anti-phishing code: By setting up an anti-phishing code, you can verify the authenticity of emails and messages from Bybit. If the code is missing or wrong, the e-mail/SMS may be fake, indicating a phishing attempt.
• Triple-layer asset protection: Bybit stores user funds in cold wallets. It also protects your assets from unauthorized access online using advanced multi-signature, threshold signature schemes, and trusted environment execution.
• Proof of reserves: Bybit maintains a 1:1 reserve for all customer assets on the platform. It publishes the PoR and asset information publicly, fostering transparency and enabling users to audit the data.
• Data encryption: Bybit utilizes desensitized query interfaces to safeguard your data in storage as well as in transit. Its privacy-focused security features ensure all access is subject to stringent authorization controls. Thus, apart from you, nobody can access your data.
• Real-time tracking: Bybit’s risk controls scrutinize user behaviour in real-time. The moment the system detects suspicious activity, it’ll subject withdrawals to stricter authentication measures. 
• Bug bounty programs: Bybit has collaborated with Hackerone and safety auditors to conduct stress tests and identify security vulnerabilities. Its security-first architecture is based on meticulous safety assessments, secure development life cycles, and periodic bug bounty programs.

Is Bybit safe to use?

Despite implementing powerful security measures, Bybit suffered a major security breach in February 2025. Hackers exploited the user interface of the multisig Ethereum cold wallets by launching a sophisticated phishing attack. The attack altered the smart contract logic of the cold storage, enabling hackers to steal funds worth $1.5 billion. 

Post this hacking incident, Bybit has bolstered its safety measures. It replenished the stolen coins and encouraged members to track the stolen assets via the Lazarus Bounty program. 

Bybit Review: Referral Program

The Bybit referral program enables you to invite friends to join the platform and earn lucrative referral bonuses. Currently, referrers can earn 1,720 USDT and up to 30% commission for referring new users to the platform.

To invite new users, share your referral code or link with your friends and post it on social media. When someone registers on Bybit using your referral code, they’ll be associated with you. Therefore, you’ll automatically receive referral commissions, Bybit Card rewards, or copy trading bonuses when your invitees complete the required tasks. 

Terms and conditions

• You’ll get referral rewards only when your invitees complete the required deposit and trading tasks.
• You’ll earn commissions on your invitees’ trades for 365 days, starting from their registration date.
• Eligible deposits include crypto/fiat deposits, P2P trading, and one-click buy. Internal fund transfers won’t be counted.
• Spot pairs with zero fees won’t be considered.
• If the invitee is a Pro user, the referrer won’t get commissions. 
• The referral program can’t be used in conjunction with the affiliate program.
• The program is not offered across all locations. The reward amounts and task requirements vary across jurisdictions.
• Bybit reserves the right to disqualify participants or amend the terms and conditions of the referral program.

Bybit Review: Affiliate Program

If you’re a content creator, website owner, or influencer, you can grow your audience by joining the Bybit affiliate program. Even individuals with strong social networks can monetize their influence by becoming an affiliate.

Currently, Bybit affiliates can earn up to 50% commission from their referees’ trades. You’ll get an additional 10% commission if your referee becomes an affiliate. Moreover, you’ll receive 5% commission when your invitees subscribe to Bybit Earn products. 

The platform’s affiliate-exclusive portal provides robust analytics, including insights into your earnings, ongoing campaigns, and latest Bybit products.

To become an affiliate, you need to fill out a simple form. If approved, you can customize and share your affiliate-exclusive referral link with friends, followers, and other users to earn commissions. 

Bybit Review: Regulatory Compliance

Bybit has significantly improved its regulatory efforts by securing multiple licenses worldwide. It made headlines as the first exchange to obtain a Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the UAE. It also holds a license in Cyprus, allowing it to operate across the EU under the new MiCA regulatory framework. In India, Bybit resumed services after registering with the Financial Intelligence Unit-India (FIU-IND) and resolving prior compliance issues. Additionally, it has received a MiCA license from Austria’s FMA, opening access to the broader European Economic Area (EEA).

Despite these advancements, Bybit has faced some challenges, including fines in the Netherlands for operating without proper registration and a voluntary exit from Canada due to shifting regulations. The exchange also stopped some services in France because of increasing regulatory pressure.

To protect users, Bybit follows strict KYC/AML policies, uses multi-signature cold wallets, two-factor authentication (2FA), and regularly checks security. The exchange also ensures that users’ assets are fully backed by maintaining 1:1 reserves, verified by Hacken.

Bybit supported countries

Bybit operates in 241+ countries worldwide. However, it doesn’t offer services in many countries, including the US, Hong Kong, Singapore, Canada, or Russian-controlled regions of Ukraine. To know if the exchange operates in your jurisdiction, check its service-restricted countries page. 

Bybit Customer Support & User Feedback

Bybit provides 24/7 customer support via live chat to resolve your urgent queries. For detailed inquiries, you can drop an email to the customer service team. If you’re a VIP member or institutional investor, you’ll get 24/7 multi-language support and customized assistance. 

Bybit also has a strong social media presence. You can follow the platform on X, Facebook, YouTube, Instagram, TikTok, LinkedIn, and Telegram. It is also present on community forums such as Discord and Reddit. 

Additionally, Bybit’s Help Centre offers comprehensive guides, user manuals, and FAQs to help you navigate the platform and its features with ease. 

Regarding customer feedback, Bybit has achieved an average rating of 3.4 / 5 on Trustpilot. Many customers, whose accounts were opened or migrated to the Bybit EU server, are facing issues while accessing their funds. Some users have even reported losing their crypto assets. They also find the support team’s response to be lackluster. 

On the positive side, many users seem to be impressed with Bybit’s P2P trading platform. Some found the trading experience enjoyable, while others found the Bybit website and app easy to navigate. Overall, Bybit has received mixed reviews from users. 

The exchange has also built a user feedback portal, where you can share your suggestions for improving the platform. Bybit remains committed to revolutionizing and enhancing its features and offerings based on customer feedback. 

Top Alternatives to Bybit for Crypto Trading

Cryptocurrency exchange	Binance	Coinbase
Launch year	2017	2012
Founder	Chengpeng Zhao	Brain Armstrong and Fred Ehrsam
Key features	Spot trading, leveraged trading, futures and options trading, copy trading, P2P trading, and trading bots.	Spot trading, margin trading, and derivatives trading
Supported cryptocurrencies	429+ coins and 1,576 token pairs.	328+ coins and 473+ token pairs
Global presence	100+ countries	100+ countries
Security measures	Secure Asset Fund for Users (SAFU), 2FA, Withdrawal Whitelisting, Cold Storage	2FA, withdrawal allowlisting, data encryption, bug bounty programs, mobile biometrics, and proof-of-reserves.
Accepted payment methods	700+ payment methods, including bank transfers and credit/debit cards.	15+ payment methods, including bank transfers and  Google/Apple Pay.
Native token	BNB (Binance Coin)	–
Fiat currencies supported	99+ fiat currencies	60+ fiat currencies
Trading charges	Spot: 0.1% for makers and takers. Futures: 0.02% for makers and 0.05% for takers. Options: 0.03% for makers and takers.	0.4% for makers and 0.6% for takers.
Restricted countries	20+ countries, including the US, the UK, and Canada.	Jurisdictions that are subject to sanctions programs governed by the US Treasury and other authorized bodies.
Mobile app ratings	Google Play: 4.7/5 Apple: 4.8/5	Google Play: 4.4/5 Apple: 4.7/5

Conclusion: Is Bybit a good exchange?

Bybit is a legally compliant cryptocurrency exchange with strong security measures. It also offers a smart trading system with an ultra-fast matching engine and strategy alerts to elevate your trading experience. It offers numerous features, including advanced tools and fee savers for both casual and high-volume traders. Thus, Bybit is an amazing platform to herald and enhance your crypto trading journey.

FAQs

Can Bybit be trusted?

Bybit is regulated by recognized bodies like the Virtual Assets Regulatory Authority (VARA) and the Financial Markets Authority (Austria). Recently, the exchange also obtained the coveted Markets in Crypto-Assets Regulation (MiCAR) in Austria. Moreover, Bybit stands out for its security measures like 2FA, multi-signature cold wallets, anti-phishing codes, and hardware security keys. Thus, Bybit is trustworthy. 

Is Bybit available in the United States? 

Bybit is banned in the US due to regulatory challenges. It failed to comply with the strict regulatory standards enforced by the Securities Exchange Commission and the Commodities Futures Trading Commission. 

Is Bybit legal in the US?

Bybit is not legal in the US due to regulatory non-compliance. Additionally, accessing Bybit using VPNs is considered a violation of the exchange’s terms of service. Moreover, US residents can’t complete Bybit’s strict identity verification process or report their earnings from the platform to the IRS.

How to choose the best crypto exchange for beginners?

For beginners, crypto exchanges with simple user interfaces, educational resources, potent security features, and low trading fees are better. Feature-packed platforms with advanced trading options may overwhelm newcomers.