Is ByBit Legit And Safe In 2025? An In-Depth Review
Yes, ByBit is generally considered safe and legitimate in 2025. It employs strong security measures and is regulated by respected authorities, including the Virtual Assets Regulatory Authority (VARA) in Dubai, the Cyprus Securities and Exchange Commission (CySEC) in Europe, and the Astana Financial Services Authority (AFSA) in Kazakhstan. However, it's important to note that ByBit is restricted in countries such as the United States, the United Kingdom, and Canada due to regulatory constraints.
With over 10 million registered users globally, ByBit has become a popular choice for crypto traders, offering a wide range of features like leveraged trading, spot trading, and copy trading. But with increased scrutiny on crypto exchanges, especially in terms of security and regulation, one big question remains: Is ByBit safe and legit in 2025?
Is ByBit safe and legit in 2025?
Regulation and licensing
ByBit has taken significant steps to ensure its operations comply with global regulatory standards, further supporting its legitimacy as a trusted cryptocurrency exchange. The platform is regulated by multiple authorities in different regions:
-
Virtual Assets Regulatory Authority (VARA), Dubai
VARA is responsible for regulating and supervising virtual asset services in Dubai, ensuring a compliant and secure environment for digital trading platforms like ByBit. ByBit’s license with VARA indicates that it meets the stringent requirements set by the United Arab Emirates. -
The Cyprus Securities and Exchange Commission (CySEC)
As one of Europe’s most well-known financial regulators, CySEC oversees compliance and security in the financial markets. ByBit’s regulation by CySEC adds credibility and protection for European traders, ensuring transparency and adherence to EU financial laws. -
Astana Financial Services Authority (AFSA), Kazakhstan
ByBit is also regulated by AFSA, which governs financial services within Kazakhstan's Astana International Financial Centre. This regulatory oversight ensures that ByBit adheres to the legal and operational standards required for a compliant trading platform in Kazakhstan.
These regulatory bodies help establish ByBit’s commitment to operating transparently and within the bounds of financial regulations. However, it’s important to note that ByBit is restricted in countries like the U.S., U.K., and Canada, where it faces regulatory challenges due to the nature of its services. Traders from these regions should be aware of the limitations before considering ByBit for their trading activities.
Is Bybit safe?
Let’s answer this by breaking down the functioning of ByBit. The platform has placed a strong emphasis on ensuring the security of its users' funds and data. One of the key safety features offered is two-factor authentication (2FA), which adds an extra layer of protection for account access. Additionally, cold storage is employed to protect the majority of users’ funds from hacks or cyber-attacks, a practice that has become a standard for top-tier exchanges.
Another critical element is Proof of Reserves (PoR), which verifies that ByBit holds enough assets to match users' holdings. This enhances transparency and builds trust among its users, providing reassurance that ByBit is not over-leveraged.
How to increase security of your funds on ByBit:
-
Enable 2FA – activate two-factor authentication to add an extra layer of protection.
-
Withdrawal whitelisting – set up withdrawal whitelisting so that only pre-approved addresses can receive funds.
-
Regularly check your activity – monitor your account for any suspicious activity and enable transaction alerts.
-
Use cold wallets for large funds – it’s safer to store large amounts of cryptocurrency in cold wallets rather than leaving them on exchanges.
ByBit’s insurance fund is another key feature that mitigates risk in case of extreme market volatility. In cases where leveraged trades lead to liquidation, the fund steps in to prevent traders from losing more than their margin.
bybit.com
User trust and reputation
ByBit has earned a solid reputation among crypto traders, largely due to its consistent uptime (99.99%) and advanced features such as leveraged tokens and copy trading. According to user reviews, ByBit scores highly in customer satisfaction, particularly for its 24/7 customer support and educational resources, which cater to both beginners and advanced traders.
Pros and cons of ByBit in 2025
👍 Pros:
• High-security measures – 2FA, cold storage, and Proof of Reserves provide solid protection against security breaches.
• Competitive fees – ByBit’s maker-taker fee structure ensures competitive rates for both spot and futures trading.
• Advanced trading features – leveraged trading up to 125x, copy trading, and staking programs provide multiple ways to engage with the market.
• Reliable uptime – 99.99% uptime ensures that traders can execute trades with minimal disruption.
👎 Cons:
• Restricted in key markets – ByBit’s services are unavailable in the U.S., U.K., and Canada due to regulatory restrictions.
• Limited fiat on/off ramps – while ByBit accepts a wide range of cryptocurrencies, its fiat withdrawal options are somewhat limited.
ByBit features overview
Trading options
ByBit offers a wide array of trading options, including spot trading, perpetual contracts, and margin trading. These services are supported by a robust trading infrastructure, with some pairs offering leverage up to 125x for BTC and ETH trades.
Copy trading and trading bots
One of ByBit’s standout features is its copy trading service, which allows less experienced traders to follow the strategies of seasoned professionals. Trading bots are also available for users who want to automate their trades based on pre-set strategies.
ByBit earn programs
ByBit provides several ways to earn passive income through its staking and savings programs, where users can lock up their crypto assets and earn interest. These options include dual investment products, which offer fixed returns depending on market conditions.
What should be considered for traders?
Simple user interface and demo accounts
ByBit offers an intuitive interface designed to help beginners navigate the complexities of crypto trading. For those new to the market, ByBit’s demo accounts are particularly useful, allowing users to test strategies without risking real funds.
Educational resources
ByBit’s learn portal provides comprehensive educational materials, including video tutorials, beginner guides, and market analysis.
Safety precautions for beginners
Beginners are advised to start with small trades, enable all security features, and consider storing funds in a personal cold wallet for added security.
Leverage and margin trading
Advanced traders will appreciate ByBit’s high leverage, which can amplify both gains and losses. Proper risk management is essential, and ByBit provides tools like stop-loss orders and take-profit options to help traders manage their positions.
API for automated trading
For those with more advanced technical skills, ByBit’s API allows traders to develop their own bots and automated strategies. This feature is widely used by institutional and high-frequency traders.
Institutional services
ByBit offers OTC trading and institutional services for users with higher trading volumes. These services come with benefits like lower fees and personalized account management.
Risks and warnings
Market volatility
Leveraged trading on ByBit amplifies both gains and losses, making it crucial for traders to manage their risk. The volatile nature of the crypto market means that sudden price movements can lead to significant losses.
Regulatory uncertainty
As cryptocurrency regulations continue to evolve, ByBit’s operations could be affected by new laws in different regions. Traders should stay informed about their local regulations to avoid potential legal issues.
Custodial risks
While ByBit uses cold storage for most user funds, the custodial nature of centralized exchanges inherently carries some risk. Users should consider withdrawing long-term holdings to personal wallets.
ByBit offers some very unique features
One standout feature for beginners on Bybit is its mutual Insurance. This tool provides a safety net against sudden market fluctuations, allowing traders to protect their positions during unexpected price swings. For instance, if a news event rapidly changes the value of Bitcoin, this insurance can cover the potential losses, offering peace of mind and making it easier for beginners to handle the volatility of the crypto market.
Bybit’s cross-margin feature is another aspect that beginners should explore carefully. It allows the entire account balance to support all active trades, minimizing the risk of sudden liquidation for individual positions. However, beginners should note that while cross-margin can help prevent one trade from closing due to insufficient funds, it also puts the entire account at risk if not monitored properly.
Final thoughts
ByBit is a highly secure and reputable platform in 2025, offering advanced trading features, competitive fees, and strong safety protocols. However, its regulatory restrictions in certain regions and the risks associated with high-leverage trading are factors to consider before diving in. For users seeking a secure and feature-rich trading platform, ByBit remains one of the top options, provided it is available in your region.
FAQs
Is ByBit available in the U.S.?
No, ByBit is restricted in the U.S. and other regions like the U.K. and Canada.
Can I use ByBit in the U.S. with a VPN?
No, using a VPN to access ByBit from the U.S. is against their terms of service, and your account could be banned or restricted if detected. It's best to avoid this risk.
How does ByBit compare with other exchanges in terms of fees?
ByBit’s maker-taker fee structure is competitive, especially for high-volume traders.
What happens if my country becomes restricted after I’ve opened an account?
If your country becomes restricted, ByBit will typically notify you, and you may be required to withdraw your funds or close your account. Be sure to monitor updates from ByBit regarding your region.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).