According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 1$
- MT5
- Proprietary platform
- TradingView
- VARA
- AFSA
- NBG
- MiCAR
- Derivatives trading, copy trading, Islamic Account
Our Evaluation of Bybit
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bybit is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 9.2 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bybit clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Bybit is an exchange for those who have mastered classic cryptocurrency platforms and are ready to move on to more complex derivatives. The arsenal of Bybit Wallet is still limited but the developers plan to expand it by adding BCH, ADA, DOT, and other altcoins.
Brief Look at Bybit
Bybit is a leading cryptocurrency exchange specializing in derivatives trading. Its proprietary trading platform is user-friendly but caters primarily to experienced traders who are comfortable with advanced financial instruments. Integration with TradingView provides seamless market analysis and trade execution. Bybit is regulated by the AFSA (Astana Financial Services Authority - Kazakhstan), holds a preliminary license from the VARA (Virtual Assets Regulatory Authority - Dubai) and secures MiCAR (Markets in Crypto-Assets Regulation) license from Austria’s Financial Market Authority (FMA).
Bybit allows highly leveraged trading of up to 100x with a clear and transparent fee structure. For those seeking alternative investment strategies, Bybit offers copy trading programs for both derivatives and spot markets, enabling users to automatically replicate the trades of successful investors. The exchange provides 24/7 customer support, a safe banking environment, and instant deposits/withdrawals. Additionally, Bybit offers a crypto debit card, allowing users to spend their digital assets on everyday purchases.
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- It has a convenient, intuitive proprietary trading platform that is presented in the browser version, which eliminates conflicts with the operating system and braking when sending orders;
- Integration with TradingView allows users to simplify crypto market analysis and trading via a single platform;
- Combination of futures and perpetual contracts trading;
- There is an order book that allows you to assess the depth of the market and current trading volumes;
- It has a minimum entry threshold. The cost of a BTC/USD futures contract is USD 1;
- It is possible to open long and short positions with subsequent mutual recalculation;
- Opportunities for Muslim traders to participate in the crypto market.
- It has conditions for trading futures that are difficult for beginners, such as the formula for calculating the leverage, the terminology of the funding size and the premium index, funding rates, etc.;
- Lacks a mechanism to protect the interests of traders in the event of controversial issues;
TU Expert Advice
Financial expert and analyst at Traders Union
Bybit is a relatively young cryptocurrency exchange that has relied on a little-known and comprehensible product—cryptocurrency derivatives. And it does a great job of competing with larger sites. The Bybit presents a VIP program, the participants of which receive priority access to the crypto exchange support service chat for prompt issue resolution.
The secret of Bybit's success is simplicity and technology. At first glance, the trading rules seem confusing, but in fact, it is enough to understand the terminology here and everything will immediately fall into place. Bybit provides its clients with the opportunity to delete accounts independently.
The Bybit trading platform is proprietary with elements of technical and graphical TradingView analysis. The minimum deposit in the crypto exchange starts from 1 US dollar. There are too few trading assets, only four main ones. But they are presented in several variations—inverse, perpetual, and inverse perpetual. The difference between them is in the expiration date and the model of pegging to the spot price of the asset. Its mutual insurance is formed from the profits of the participants in the model, which is based on the principle of the "American option".
In the event of a sharp drop in quotations, the loss or part of the loss is reimbursed. US customers can study the ByBit USA Review. UK customers can study the ByBit UK Review. South African customers can check out ByBit South Africa.
Bybit is gradually expanding the arsenal of tools and technological capabilities of the platform. Since its inception, the exchange has responsibly fulfilled its obligations. The crypto exchange is suitable for both a professional traders and a beginners. And here it is worth noting that the support service resolves most issues quickly and correctly as possible. This is confirmed by customer reviews. Bybit has been a partner of Traders Union for more than a year and is included in the TU’s rating of the best cryptocurrency platforms.
- You seek a combination of futures and perpetual contracts trading, as this broker specifically offers a mix of these two types of trading assets.
- You value transparency and market depth as with an order book available. With this broker, you can assess the depth of the market and current trading volumes. This transparency allows you to make informed trading decisions based on real-time market data, enhancing your trading experience.
- You prefer a low entry threshold, as this broker has a minimum entry threshold, with the cost of a BTC/USD futures contract set at USD 1. This low barrier to entry makes trading accessible to a wider range of traders, including those with limited capital.
- You need Shariah-compliant crypto services. Available to Muslim traders worldwide, Bybit offers several products and services, namely Spot Trading, DCA Trading Bot, and Spot Grid Bot, designed in compliance with Shariah law, ensuring that all transactions and activities follow the ethical guidelines of Islamic finance.
- You prioritize having a mechanism in place to address and resolve disputes or controversial issues that may arise during trading, as this broker does not specifically have one in place.
Bybit Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform, TradingView, MT5 |
|---|---|
| 📊 Accounts: | Demo, Real, Islamic |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Deposit / Withdrawal: | Replenishment: Visa / Mastercard through a fiat gateway. Withdrawal - cryptocurrencies and fiat |
| 🚀 Minimum deposit: | From USD 1 |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: |
Spot: 0,1%-0,1% Futures: 0,02%-0,055% |
| 🔧 Instruments: | 638 supported coins, Futures, Perpetual contracts, Options, Fiat, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, limit, conditional |
| ⭐ Trading features: | Derivatives trading, copy trading, Islamic Account |
| 🎁 Contests and bonuses: | Yes |
Bybit's trading conditions are transparent, understandable, and do not have multilevel differentiation depending on the trading volume. The mobile app offers users the option of accessing the trading platform at any time and from anywhere. The exchange has created Bybit Launchpad, a platform designed to help connect new crypto projects and interested users to potential projects. ByBit API provides interfaces for users and developers.
Bybit Key Parameters Evaluation
Video Review of Bybit
Share your experience
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Mohamed baba ahmed abed 
Verified
MR Nouakchott Very trustworthy .
Should work on time
Julia Valova
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TH Bangkok Interface
Nothing
nduryadan 
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KE Nairobi Very user friendly.
I did not come across any weaknesses.
Abdullah
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PK Islamabad Lots of educational information, good platform for beginning traders.
I haven't found it yet
saima.sajid.freelancer
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PK User-friendly, secure, diverse trading options, innovative.
I did not find any weakness
Eddy 
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US Thats good platform!
Nothing
Serrano Hunte
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TT Claxton Bay There are also useful tools you can use to see what will happen if a trade goes your way or against you.
Everything is legit
Regulation and safety
Bybit has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Cold wallet storage
- Facial recognition
- Government-regulated
- Investor protection fund
- 2FA
- Tier-1 regulation
- Not U.S regulated
- Successful hacks history
Bybit Security Factors
We also compared Bybit against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bybit | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | Yes | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | Yes | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | Yes | No | No |
Is Bybit a regulated crypto exchange?
Bybit is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Bybit is authorized or licensed in accordance with local regulations in the following regions: Seychelles, Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan.
Is verification (KYC) mandatory at Bybit?
Yes, KYC verification is mandatory at Bybit. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Bybit available?
Bybit complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Spain, United Kingdom, Canada, Cyprus, Sweden, Latvia, Romania, Portugal, Netherlands, Singapore, Iran, Islamic republic, France, Italy, Poland, Belgium, Norway, Czech Republic, Greece, Finland, Bulgaria, Estonia, Austria, Denmark, Germany, Uzbekistan, Lithuania, Slovakia, Hungary, Syrian Arab Republic, Hong Kong, Afghanistan, Slovenia, Malta. For the most up-to-date information on regional availability, please contact Bybit support.
Is Bybit available in the USA?
Yes, Bybit is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Bybit commissions and fees
Bybit has earned a rating of 9.25/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Bybit is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- No P2P fee
- Withdrawal fee may be applied
What are Bybit trading fees?
We analyzed Bybit’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Bybit trading fees vs competitors
| Bybit | Binance | BitMEX | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,1 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,1 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,02 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,055 | 0,05 | 0,075 | 0.053 |
What are Bybit deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,000111 ВТС 0,0015 ETH (ERC20) |
Does Bybit offer P2P trading?
Yes, Bybit offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Bybit P2P Fees
Deposit and withdrawal
Bybit received a 9/10 rating for its deposit and withdrawal services. Bybit supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.
- P2P for flexible transfers
- Bank transfers for deposits and withdrawals
- Google Pay supported
- Many cryptocurrencies for deposits and withdrawals
- No PayPal option
- Withdrawal fee applies
Deposit and withdrawal options
Bybit supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, Advcash Wallet, Google Pay, Apple Pay.
Bybit Deposit and withdrawal options vs competitors
| Bybit | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Bybit minimum deposit?
The minimum deposit at Bybit is 1 USD/USDT or 0,000006 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bybit minimum deposit vs competitors
| Bybit | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0,000006 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Bybit support fiat money?
Bybit supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bybit received a score of 9.5/10 in this category, highlighting its excellent selection of tradable assets and market access. Bybit supports 638 coins and caters to various trading types, making it a strong choice for both active traders and long-term investors.
- 638 supported coins
- NFTs available
- Crypto copy trading available
- Yield farming not available
Bybit supported coins and markets vs competitors
We compared Bybit with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Bybit | OKX | Kraken | |
| Supported coins | 638 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | Yes | Yes | No |
| NFTs | Yes | Yes | Yes |
Bybit passive income options vs competitors
We also compared Bybit with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Bybit received a score of 9.5/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- Automated trading with bots
- App data protection with 2FA
- Fast and secure login with Face ID
- Positive user feedback on the iOS app
- No standalone desktop access
- Advanced orders not available
Trading apps
Bybit provides web and mobile apps for both Android and iOS users, with an average rating of 4,6 on the App Store and 4,7 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Bybit platform is for mobile use.
| Bybit | Bybit | |
| 2FA | Yes | Yes |
| Face ID | Yes | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | Yes | Yes |
| API | Yes | Yes |
| Extra trading platforms | MT4 | MT4 |
Does Bybit offer a desktop app?
No, Bybit does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Bybit offer advanced charting with TradingView integration?
Yes, Bybit offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | Suite 201, 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, Mauritius. |
| Regulation | VARA, AFSA, NBG, MiCAR |
| Official site | bybit.com |
| Contacts |
+230 4892661
|
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