Review Bybit

📘 Bybit Exchange: General Information

Bybit is an international cryptocurrency exchange founded in 2018 and ranked among the top‑3 global platforms by trading volume. The platform supports over 700 cryptocurrencies and thousands of trading pairs: from spot and futures to options, DeFi, and P2P.

• Futures (perpetuals) with leverage up to 100x, options, margin trading
• Web3 wallet, P2P marketplace, and passive‑income products
• Support for beginners and pro traders

Bybit offers a user‑friendly interface, low fees, high liquidity, and a wide range of tools for active and secure trading. The exchange is popular thanks to its innovative features: Launchpad, staking, copy trading, and sign‑up bonuses.

💱 Spot Trading

Bybit supports over 500 cryptocurrencies and around 1,000 spot pairs for exchange. Spot trading uses the maker/taker fee model:

• Base fees: 0.10% (maker) and 0.10% (taker) for most pairs
• Reduced fees as your volume or tier grows (down to 0% / 0.04% for top VIPs)
• Occasional promos with zero fees on popular pairs

Bybit’s spot terminal supports limit, market, and stop orders, advanced TradingView charts with indicators, and customizable workspaces. For large trades there is an Instant Buy/Sell (conversion) mode with no fee, convenient for beginners.

📊 Margin Trading

Bybit offers margin trading (Spot Margin) with leverage up to 5x on the spot market. Both isolated and cross margin modes are available:

• Positions are opened by borrowing funds against your crypto collateral
• You must maintain the margin level to avoid forced liquidation
• No funding fee (unlike futures); interest accrues only on the borrowed asset

Margin lets you trade larger sizes than your balance, but it requires caution — risk management and timely collateral top‑ups are critical.

📈 Futures & Perpetual Contracts

Bybit is well known for its derivatives. The platform offers a wide range of futures (with expiration) and perpetual swaps with leverage up to 100x:

• Linear (USDT‑margined) and inverse (in BTC, ETH) contracts on top cryptocurrencies
• Fees for regular users: 0.02% (maker) and 0.055% (taker); VIP tiers — down to 0% / 0.03%
• Funding rate is charged every 8 hours — positive or negative depending on market conditions

The derivatives section includes a powerful multi‑functional terminal: hedge mode (simultaneous long and short), auto margin replenishment, and historical charts. High leverage unlocks opportunities but also higher risks — use stop orders and limit your leverage.

🧮 Options

Bybit supports crypto options for hedging and volatility strategies. Options are European‑style (exercise on expiration), settled in USDC:

• Fees: 0.02% (maker) and 0.03% (taker); VIPs — down to 0.01% / 0.015%
• BTC, ETH and more via portfolio margin
• Easy Options mode — a simplified UI for beginners

Options are integrated into the Unified Account, enabling efficient risk control. Newcomers can start small, while experienced traders can build complex structures (straddles, spreads, etc.).

🤖 Copy Trading & Trading Bots

The Bybit platform lets you copy trades from experienced traders via the Copy Trading service with flexible controls:

• A separate subaccount is created (from $100)
• Choose a trader by rating, performance, and strategy style
• Set limits: max position size, share of balance, etc.

You can also use automated trading bots with custom parameters:

• Spot Grid: grid buying/selling on spot
• Futures Grid: grid with leverage on futures
• DCA Bot: dollar‑cost averaging over time
• Martingale Bot: automatic position scaling on pullbacks

👥 Bybit Subaccounts

Subaccounts let you separate strategies, manage assets independently, and delegate access. Bybit offers several types:

• Standard: for self‑directed trading under one main account
• Custodial Trading: for delegated management — where external traders trade your capital
• Islamic Account: a special account type without overnight interest (swaps) for clients adhering to Sharia

Standard subaccounts suit most users: you can create up to 20 accounts under your main profile. Each has its own balance and history, but withdrawals are allowed only via the main account. VIP tiers and fee discounts are inherited from the master account. Create subaccounts in the “Subaccounts” section — KYC verification is sufficient at the main account level (no separate KYC for subaccounts).

Custodial Trading Sub‑accounts are designed for cases where you grant a trader or team the right to trade on your subaccount. You retain control over assets and can revoke access at any time (the Auto‑Unbind option on reaching a loss threshold or on request). This mode is useful for following managers’ strategies or joining competitions as an investor. Access restrictions (e.g., hiding trade history) are configurable by the owner.

Note: Islamic accounts are provided under specific terms — no interest for overnight positions. They are available in regions requiring compliance with Islamic finance.

🛡️ Bybit Verification: With and Without KYC

Since 2023, KYC verification has been mandatory for full access to all products. You can register and even deposit without KYC, but the account’s functionality is severely limited. After identity verification, limits increase and all exchange services unlock.

• Without KYC: it was previously possible to withdraw up to 20,000 USDT per day (and no more than 100k per month), with spot and limited derivatives access. Since May 2023, any withdrawal and trading require verification — unverified accounts work only in view mode and testnet
• With KYC: withdrawals up to 1,000,000 USDT per day (for regular users; VIPs — up to 12M and higher), full access to futures, options, Launchpad, Earn products, and the P2P marketplace

Verification usually takes 5–15 minutes: upload a document (passport or driver’s license) and take a selfie. Level 1 (Standard) confirms identity and grants basic limits; Level 2 (Advanced) requires proof of address and raises the daily limit to 2,000,000 USDT; institutional clients can access Pro levels with limits up to 50–100 BTC equivalent. Checks are automated; rare edge cases (ambiguous data) may take up to 48 hours.

❓ FAQ: Frequently Asked Questions

🎁 Bonuses for New Users on Bybit

Bybit actively attracts new traders with welcome rewards. The amount depends on verification and your activity during the first weeks. The exchange offers a comprehensive reward program for newcomers:

• Without verification: bonuses are essentially not available now, since KYC is required for most promos. Earlier small coupons were possible for registration, but today you need to verify to access bonuses
• With verification: the full package — fee coupons, trial funds for derivatives, participation in Earn promos, P2P raffles, and Launchpad. New users can receive up to several thousand USDT in bonuses by completing tasks (size depends on deposit and trading volume)

To claim bonuses, complete the conditions listed in the Rewards Hub: e.g., deposit a certain amount, execute a derivatives trade of a set volume, open a copy‑trading position, or use an Earn product. As you progress, new reward tiers unlock.

💧 Liquidity on Bybit

Bybit is among the largest global crypto exchanges by trading volume, especially in derivatives. This ensures high liquidity in most major assets and minimal slippage even for large orders:

• 700+ coins and thousands of pairs, including futures, options, and DeFi tokens
• Without KYC: access to order book viewing and basic actions, but with volume limits
• With KYC: full access to all markets, including large OTC deals and P2P trades without per‑trade caps

Bybit’s deep liquidity is attractive for algorithmic traders, arbitrageurs, and HFT strategies. The exchange partners with leading market makers, has a multi‑million user base, and deep books on top pairs (BTC/USDT, ETH/USDT, etc.). Even during peak volatility, spreads stay tight and order execution is fast.

🖥️ Bybit User Interface

Bybit’s interface fits both beginners and professional traders and is available in multiple formats:

• 🌐 Web platform (browser) — core functionality and trading terminals
• 📱 Mobile apps (iOS, Android) — simplified trading and on‑the‑go monitoring
• 💻 Desktop/MT5 — ability to trade via the MetaTrader 5 desktop terminal, which Bybit integrated for access to classic markets and advanced technical analysis

Users can customize workspaces: multiple charts, light or dark theme, saved indicator templates. The terminal supports single‑window (simplified) and multi‑window modes to watch several markets at once. All versions (web, mobile, desktop) synchronize — your open orders, settings, and alerts are accessible on any device after login.

• Without KYC: basic features only — quick exchange and a simple trading panel without derivatives
• With KYC: full terminal functionality — technical indicators, multiple windows, and direct access to P2P, Earn, and Launchpad within the app

🚀 IEO Participation via Bybit Launchpad

Bybit Launchpad is a platform for early access to new project tokens (similar to an exchange IEO). Participating in Bybit token sales lets you buy coins at a fixed price before open‑market listing. Main participation rules:

• Only users who passed KYC Level 1 can join
• A balance of MNT (Mantle) is required — usually from 50 MNT average daily balance
• Allocation formats: subscription (commit) or lottery — depending on the project

Each Launchpad project undergoes thorough due diligence by the exchange team. Sales come with instructions, timelines, and limits. Many tokens launched on the platform have seen +100%–500% in the first trading days, but results depend on the market and project quality.

📊 Factors Behind IEO Success on Bybit

• Project quality: unique idea, strong team, real product
• Allocation size: smaller float — higher demand and upside potential
• Demand and buzz: active community and oversubscription increase growth odds
• Market regime: bull markets favor listings; bear markets increase risks

In the Launchpad section on Bybit you can review past sale stats: price, ROI, allocation, etc. This helps gauge previous outcomes before joining a new one. And remember: never invest more than you can afford to lose — tokens can be highly volatile.

💸 Bybit Fees: Trading, Withdrawals, Hidden Costs

Bybit uses a transparent fee schedule based on market type, trading volume, and your status (regular or VIP). Understanding the structure helps optimize costs.

Standard rates for regular users:

Example: a $1,000 spot trade in BTC/USDT costs ~$1 in fees (0.1%), while the same trade for a VIP 5 user is ~$0.5 (0.05%). On futures, if you place a limit (maker) order as a VIP, you can pay no fee at all.

Additional details:

• Trading fees: typically 0.1% on spot and 0.055% for market orders on derivatives. Maker orders are cheaper — from 0.02% and below
• VIP program: 5 tiers + Pro for institutions. Achieved by volume or total balance. Discounts up to 100% maker and 70% taker
• Paying in BIT/MNT: gives up to 25% discount. Fees are auto‑deducted in the token at a reduced rate
• Withdrawals: only network fee. Example: USDT via TRC20 ~1 USDT, via ERC20 — 5–10 USDT, BTC — ~0.0005 BTC
• Fiat payments: P2P deposits — zero fee. Cards and gateways may charge from 0% to 5%

📉 How to Reduce Fees on Bybit

• ✅ Complete KYC and increase volume — this unlocks VIP tiers with discounts
• 🪙 Hold BIT/MNT tokens — get up to 25% off and climb VIP tiers faster
• 📈 Use limit orders — you pay less (or 0%) as a maker
• 🤝 Join promos and use referral coupons — they add 5–10% off
• 📊 Watch for “zero‑fee” campaigns — run regularly on selected pairs

Bybit already offers some of the most competitive rates in the market. With these tactics you can save even more on fees and improve trading efficiency.

❓ Fee FAQ on Bybit

🛡️ Security & Regulation

🔐 Asset Protection

Bybit prioritizes the security of client funds:

• Cold storage: most assets are held offline in multi‑sig wallets. Hot wallets keep only the required withdrawal float — reducing hack risk
• Proof‑of‑Reserves: the exchange regularly publishes reserve audits, confirming 100% backing of client assets. A tool lets users verify their balance inclusion
• Insurance fund: used to cover losses during force majeure: sharp moves, liquidations, outages, or hacks
• 2FA & anti‑phishing: support for Google Authenticator/SMS and an anti‑phishing code in emails
• Withdrawal whitelist: allow withdrawals only to pre‑approved addresses — blocking attempts to withdraw to unknown wallets even if compromised

Bybit also employs anomalous activity analysis, withdrawal delays after password or 2FA changes, and a 24/7 security team. Suspicious cases may trigger temporary withdrawal holds.

🌍 Regulation

Bybit is expanding its legal footprint globally, aiming to meet local requirements:

• 📜 UAE / Dubai: VARA license; headquarters in Dubai
• 🏙️ Kazakhstan: registration with AFSA and a local platform with fiat support
• 🇹🇷 Turkey: CASP status under the Capital Markets Board (CMB)
• 🇪🇺 European Union: registration via CySEC (Cyprus) and a MiCAR license from FMA (Austria)
• 🚫 Restrictions: the exchange does not serve users from the U.S., Canada, mainland China, Singapore, and sanctioned countries

Bybit adheres to international sanctions lists (U.S., EU, UN). Accounts linked to prohibited persons or entities are blocked. For users from Russia, access is retained, but P2P operations with sanctioned banks are restricted.

The exchange strives to remain compliant while serving a broad audience. It’s recommended to check the legal status of using Bybit in your country before registering and trading.

🧩 Additional Services

💰 Earn Platform

Bybit offers many ways to earn passive income on crypto:

• Flexible & fixed deposits: yields from ~0.5% to 10%+ APR. Flexible can be withdrawn anytime; fixed terms are 30–90 days
• Liquidity Mining: earn by providing liquidity to pools (ETH/USDT, etc.). Bybit even allows leverage in pools. Yields: from 1% to 50%+ APR
• Dual Asset: short‑term (1–7 days); returns depend on price movement. Often delivers double‑digit APR
• Staking: ETH 2.0 support and occasional boosted campaigns (4%+ APR, up to 100%+ for new tokens)

🚀 Launchpool & Other Startup Programs

Beyond Launchpad, Bybit offers Launchpool — a way to earn new tokens without spending funds. Stake BIT/MNT or USDT for 5–10 days and receive distribution proportional to your stake.

It’s a lower‑risk way to support early‑stage projects — you mainly risk opportunity cost. NFT Primary Sales are also available — fixed‑price sales of new NFTs with subsequent marketplace listings.

🎨 NFT Marketplace

The Bybit NFT platform lets you trade NFTs with no gas fees. Supported chains include Ethereum, Polygon, BNB Chain, and Layer‑2s (Arbitrum, Mantle, etc.).

The marketplace is integrated into your account, with settlements in USDT. Collections span art, metaverses, and gaming NFTs. All trades occur without additional blockchain fees.

🤝 P2P Trading

Bybit’s P2P market enables direct fiat‑crypto exchange between users.

• 60+ currencies: RUB, UAH, KZT, USD, EUR, and more
• Payment methods: bank transfers, e‑wallets, and other systems
• Escrow guarantees: crypto is locked until payment confirmation
• 0% fees: for exchange users

Choose counterparties by rating and trade history. P2P is a convenient way to bypass banking frictions, especially where fiat gateways are limited.

🎓 Affiliate Program & Education

• Referral program: up to 30% of invitees’ fees. Premium terms via Bybit Affiliate
• Academy: the Bybit Learn section with guides, strategies, videos, and tax information
• Learning channels: YouTube, Telegram, webinars, market reviews
• Bybit Card (Mastercard): for the EU and UK. Spend from your crypto balance, auto‑conversion, up to 5–10% cashback

Bybit Card bridges crypto and everyday spending. Available in physical and virtual formats and linked to your spot balance. Pay anywhere Mastercard is accepted.

🛠️ Practical Tips

1. Hold BIT/MNT tokens. Get up to 25% trading‑fee discounts and accelerate VIP progression for larger accounts.
2. Choose cheaper networks for withdrawals. To save, use Tron (TRC20), Arbitrum, or Polygon — much lower fees than Ethereum.
3. Watch the funding rate. For perpetuals, check the funding. Close positions before the timestamp if it helps avoid extra costs.
4. Use leverage carefully. Don’t overuse 100x. 10–20x is a sensible cap. Always place stop orders.
5. Vet P2P sellers. Check ratings, number of trades, and reviews. Don’t pay off‑platform; keep receipts.
6. Add withdrawal addresses to the whitelist. This prevents unauthorized withdrawals even if compromised.
7. Store backup codes and passwords. Save 2FA backups, use a password manager, and don’t share credentials.
8. Assess Launchpad/Launchpool risks. High returns = high volatility. Don’t go all‑in. Diversify.
9. Track promotions. Bybit frequently offers bonuses, tournaments, and boosted Earn rates. Don’t miss out.
10. Learn tools in demo first. Before using options, margin, or bots with size — test with small amounts.