About Bybit

Fees

1.30%
average
Fees

Number of cryptocurrencies

700+
large selection

Payment methods

  • Bank
  • Credit card

Description

Bybit is one of the largest trading platforms for cryptocurrencies and derivatives. It primarily targets professional traders and impresses with a wide range of features, a clear trading interface, and low fees. Bybit is considered one of the most popular platforms for professional crypto trading.

Other

Company headquarters
British Virgin Islands, Singapore
Founding year
2018
Social media
4.98M followers

Our Bybit rating

Review result

Overall rating
Bybit
Ease of use
Bybit: 6 of 10
Ease of use (Bybit)
6/10
Bybit Logo
complexsimple
Features
Bybit: 7 of 10
Features (Bybit)
7/10
Bybit Logo
basiccomprehensive
Fees
Bybit: 7 of 10
Fees (Bybit)
7/10
Bybit Logo
highlow
Security & trust
Bybit: 6 of 10
Security & trust (Bybit)
6/10
Bybit Logo
weakstrong
Beginner-friendliness
Bybit: 6 of 10
Beginner-friendliness (Bybit)
6/10
Bybit Logo
unsuitableideal
Support
Bybit: 6 of 10
Support (Bybit)
6/10
Bybit Logo
poorexcellent

Our opinion

Bybit ranks among the top trading platforms for experienced traders, thanks to its extensive selection of derivatives and comprehensive trading features. High liquidity on Bybit ensures that order execution is rarely an issue. However, instant purchase costs are relatively high due to the spread included in the price, despite no visible trading fees being charged. For lower costs, users can switch to spot trading (from 0.1% maker/taker fees). Bybit also stands out for its customer support, which is frequently praised on review platforms – something that isn't a given among competing exchanges. That said, we advise caution due to regulatory uncertainties. If you're a beginner or simply looking to buy cryptocurrencies, other exchanges may be a better fit.

Pros and cons

What we like:

  • Clear trading interface
  • Wide selection of trading tools
  • Low fees for spot trading

What we don't like:

  • Not beginner-friendly
  • Limited regulatory oversight
  • No US access

Bybit user reviews

4.2/5
Overall rating

App Store

around 41,600 ratings

4.7/5

Google Play Store

around 1.32M ratings

4.6/5

Trustpilot

around 5,200 ratings

3.3/5

Powered by AI

What users say about Bybit

Our artificial intelligence (AI) collects and analyzes user experiences about Bybit from across the web and summarizes the most important insights for you in a clear and concise way.

User review summary for Bybit

Overall, user experiences with Bybit are mostly positive, with the platform being praised for its user-friendly interface, extensive offerings, and responsive customer service. Criticisms mainly focus on a lack of transparency regarding some fees and the complexity of certain features for beginners.

Bybit preview

Bybit features

Features

Real crypto
Yes
Transferable to own wallet
Yes
DCA plan
No
Staking
Yes
NFT marketplace
Yes
Trading tools
Yes
Two-factor authentication
Yes

Special features

  • Copy trading
  • Bybit Earn
  • Launchpad

Tradeable assets

  • Cryptocurrencies

Trading options

  • Derivatives
  • Margin trading (leverage)
  • Short/long positions

About Bybit

Bybit Logo
Bybit
 (Exchange)

Company

Company
Bybit Fintech Limited
Headquarters
British Virgin Islands, Singapore
Company size
Medium
Regulation
Founder
Ben Zhou
Founding year
2018

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