Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- Convenient trading platform;
- Integration with TradingView;
- Combination of futures and perpetual contracts trading;
- There is an order book;
- It has a minimum entry threshold;
- It is possible to open long and short positions with subsequent mutual recalculation;
- Opportunities for Muslim traders to participate in the crypto market.
- Difficult conditions for trading futures;
- Lacks a mechanism to protect the interests of traders.
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.
TU Expert Verdict
I can confidently recommend Bybit — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.
Top-5 Crypto Exchanges Traders Prefer
Bybit User Reviews
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5-star
82%
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4-star
10%
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3-star
7%
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2-star
0%
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1-star
0%
I did not find any weakness
Bybit is a great cryptocurrency trading platform that offers a variety of tools and features for all types of traders. It has an easy-to-use interface, strong security, and a wide range of trading options. Bybit constantly updates its platform with new features, making it a top choice for traders who want to get the most out of the crypto market. Whether you're new to trading or have advanced strategies, Bybit provides a reliable and efficient place to trade.
Nothing
The Bybit designed for every level of crypto traders. the simple user interface has been helpful. I only have one concern but I cannot say it is an issue at the moment. This has to do with when i reached out with the customer care to inquire if i can trade futures. The response that i can trade a range of USDC-settled contracts including both USDC Perpetual and USDC Futures Contracts came, but when it did i was off my screen and attending to other things. Can't say if the slow response is due to network or other external issues. I don't know if it is too early to conclude that the customer service is slow.
I did not come across any weaknesses.
I've always been eager to find new and innovative ways to increase my profits while reducing risks. Recently, I decided to explore staking on Bybit and purchased some BTC for this purpose. Bybit's staking feature allows users to earn passive income by locking up their assets for a set period of time. To start staking, simply navigate to the web3 function and select staking. From there, choose the investment you wish to stake, review the interest rate, network and flexi-term options, then click stake. Cryptocurrency staking offers a way to earn money without actively trading or mining coins making it accessible to beginners. However, like all investments, it comes with its own risks. Staking has not only provided me with a reliable source of additional income but has also helped me diversify my portfolio. Bybit's staking mechanism is supported by strong security measures, ensuring the safety of your assets at all times.
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Bybit Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.9.3 /10Bybit has earned a rating of 9.3/10 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 Nexus Trade CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.1 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.1 0.22 0.2 0.194 Futures, maker fee(%) 0.02 0 0 0.024 Futures, taker fee(%) 0.055 0 0.053 What are Bybit deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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 Bybit MaiCoin MAX BTSE P2P maker fee (%) 0 0,1 0,01 P2P taker fee (%) 0 0,15 0,05 -
Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology9.8 /10Bybit has earned a rating of 9.8/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Investor protection fund
- Government-regulated
- Facial recognition
- Cold wallet storage
- 2FA
- Tier-1 regulation
- Successful hacks history
- Not U.S regulated
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 Security Factors Bybit OKX Coinbase Tier-1 regulation YesNoYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. YesYesYes2FA YesYesYesFacial recognition YesYesNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. YesNoYesIs Bybit a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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: Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan, Dubai VASP.
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.
Is Bybit available in the USA?
Bybit is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Coinbase, Crypto.com .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.9 /10Bybit 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
- Many cryptocurrencies for deposits and withdrawals
- Google Pay supported
- 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 Coinbase Bank transfers YesNoYesBank card YesYesYesCrypto YesYesYesPayPal NoNoYesWhat is Bybit minimum deposit?
The minimum deposit at Bybit is 1 USD/USDT or 6 USD/USDT in 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 Coinbase Minimum deposit, USD or USDT 1 10 10 Minimum deposit, BTC 6 5 1 Minimum trade amount, USD/USDT 1 1 2 Does Bybit support fiat money?
Bybit supports fiat currency trading and account funding. The following fiat currencies are accepted: USD, EUR, GBP, BRL, UAH, TRY, ZAR, PLN.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.9.5 /10Bybit received a score of 9.5/10 in this category, highlighting its excellent selection of tradable assets and market access. Bybit supports 750+ coins and caters to various trading types, making it a strong choice for both active traders and long-term investors.
- Crypto options available
- Staking available
- Trading tokenized real-world assets
- Prediction markets are not supported
- 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 Coinbase Supported coins 750+ 600+ 400+ Futures/Perpetual contracts YesYesYesOptions YesYesNoNFTs YesYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. YesYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. YesYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets CFDs NoPre-IPO 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.
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Trading Apps & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn more in our Methodology.9.5 /10Bybit 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.
- Mobile indicators allowed
- App data protection with 2FA
- Advanced charting with TradingView support
- Strategy sharing with Copy Trading
- Advanced orders not available
- No standalone desktop access
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 OKX Coinbase 2FA YesYesYesFace ID YesYesNoMob Indicators YesYesYesAlerts YesYesYesAdvanced Orders These are specialized trading features that give users more precise control over how trades are executed. Examples include Stop-Limit, Trailing Stop, and OCO (One Cancels the Other). These tools may only be available on the web version of the platform. YesYesYesTrading with bots YesYesNoAPI YesYesYesExtra trading platforms These refer to third-party platforms supported by the crypto exchange in addition to its own proprietary system. MT4 NoNoDoes 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.
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Customer Support
Score:We evaluated Customer Support at Bybit based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria9.7 /10Bybit demonstrates a high level of customer support, offering multiple communication channels, convenient access to assistance, and comprehensive support resources.
In TU testing, the exchange performed well in support availability and response speed. Users have access to a reliable support infrastructure for resolving account, deposit, withdrawal, and trading-related questions.
- Support ticket system available
- Live chat support available
- Multilingual customer support
- Phone support unavailable
- Email support unavailable
Bybit Support Channels vs Competitors
Bybit OKX Coinbase Live Chat YesNoYesEmail Support NoNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support YesNoYesContacts 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 support@bybit.com +230 4892661
Best Bybit Alternatives
Bybit Video Guides
FAQs
What do user reviews and feedback say about Bybit overall?
User opinions of Bybit are mostly positive, with a user satisfaction score of 9.5/10 based on 322 reviews and 82% of them being 5-star ratings. According to user reviews, lower-star ratings (3 stars and below) make up a small share of the total, and 2-star and 1-star reviews are not reported in this section.
What markets and tradable assets are available on Bybit?
Bybit offers a broader selection of trading assets than the market average, although the exact number of instruments and currency pairs is not specified in this section. The platform supports crypto and options trading, and lists options, fiat, and NFT among its advantages, while yield farming and prediction markets are noted as disadvantages.
How does Bybit support different investment options such as copy trading?
This section notes that Bybit provides copy trading, which may appeal to users who prefer not to engage in active trading themselves. Other specific investment products or conditions are not detailed in the provided content.
How responsive is Bybit’s customer support according to user comments?
Bybit’s customer support is described as highly responsive, with a safety score of 9.7/10 in this area. During TU testing, managers replied promptly, communicated clearly, and continued assisting until issues were fully resolved, indicating active engagement with clients.
What kind of feedback does Bybit receive regarding the range of its supported markets?
The section indicates that Bybit has been compared with other platforms in terms of supported markets, and it highlights that Bybit offers both crypto and options trading, while Bybit.eu offers crypto but not options. Detailed qualitative user feedback or comments about this range are not provided in the text.
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