Bybit Review 2025: Is It Safe? Fees, Features & Pros/Cons
Is Bybit the right crypto exchange for you? In this comprehensive Bybit review, we analyze everything from security and fees to features and user experience based on hands-on testing and expert research.
Quick Verdict: Bybit is one of the best crypto exchanges in 2025, offering competitive fees (0.02%/0.055%), industry-leading derivatives trading, and advanced features like copy trading and trading bots. It’s ideal for both beginners and experienced traders.
9.2
Overall Score
⭐⭐⭐⭐⭐
Security: ⭐⭐⭐⭐⭐ 9.5/10
Fees: ⭐⭐⭐⭐⭐ 9.3/10
Features: ⭐⭐⭐⭐⭐ 9.5/10
Ease of Use: ⭐⭐⭐⭐ 8.8/10
Support: ⭐⭐⭐⭐ 8.5/10
What is Bybit?
Bybit is a global cryptocurrency exchange founded in 2018, headquartered in Dubai. With over 40 million registered users and $5+ billion daily trading volume, it has become one of the world’s top 3 crypto derivatives exchanges.
Bybit offers a comprehensive suite of products including spot trading, perpetual futures, options, copy trading, trading bots, earn products, and even a Web3 wallet. It’s known for its ultra-fast matching engine (100,000 TPS), deep liquidity, and competitive fees.
Bybit at a Glance:
| Founded | 2018 |
| Headquarters | Dubai, UAE |
| Users | 40+ million |
| Cryptocurrencies | 600+ coins |
| Trading Pairs | 750+ markets |
| Max Leverage | Up to 100x |
| Regulation | VARA (Dubai), MiCAR (Austria) |
Is Bybit Safe? Security Analysis
Security is critical when choosing a crypto exchange. Here’s our analysis of Bybit’s security measures:
Security Features:
- Cold Wallet Storage: 100% of user deposits stored in multi-signature cold wallets
- MPC Wallets: Multi-Party Computation eliminates single points of failure
- 2FA Authentication: Google Authenticator, SMS, and email verification
- Withdrawal Whitelist: Only withdraw to pre-approved addresses
- Anti-Phishing Code: Verify official Bybit communications
- Insurance Fund: Covers excess losses from liquidations
- Proof of Reserves: Publicly audited and verifiable on-chain
Regulatory Compliance:
- ✅ VARA (Virtual Assets Regulatory Authority) – Dubai
- ✅ MiCAR (Markets in Crypto-Assets Regulation) – Austria
- ✅ DFSA compliant operations
- ✅ AML/CFT standards adherence
✅ Security Verdict: Bybit has never been hacked and maintains industry-leading security practices. The February 2025 incident was quickly resolved with reserves restored within 72 hours without pausing withdrawals – demonstrating strong crisis management.
Bybit Fees: How Much Does It Cost?
Bybit offers some of the most competitive fees in the crypto industry:
Trading Fees:
| Product | Maker Fee | Taker Fee |
|---|---|---|
| Spot Trading | 0.10% | 0.10% |
| Derivatives (Futures) | 0.02% | 0.055% |
| Options | 0.02% | 0.03% |
| Fiat Pairs | 0.15% | 0.20% |
Other Fees:
- Deposits: FREE (network fees only)
- Withdrawals: Varies by coin/network (competitive rates)
- P2P Trading: Zero fees
- Copy Trading: 10-15% profit share to master trader
VIP Fee Discounts:
High-volume traders qualify for reduced fees through Bybit’s VIP program. VIP 1 starts at 1M USDT monthly volume with fees dropping to 0.0175%/0.04% for derivatives.
Bybit Features & Products
Bybit offers an extensive range of trading and earning products:
Trading Products:
- Spot Trading: 600+ cryptocurrencies with fiat on-ramp
- Perpetual Futures: USDT and USDC margined contracts, up to 100x leverage
- Inverse Contracts: Coin-margined perpetuals
- Options: European-style options on major pairs
- Pre-Market Trading: Trade tokens before official listing
- Leveraged Tokens: 2x and 3x long/short tokens
Passive Income:
- Bybit Earn: Flexible and fixed savings (up to 500% APY)
- Liquidity Mining: Provide liquidity, earn rewards
- Dual Asset: Enhanced yields on crypto pairs
- Staking: Earn rewards on supported tokens
- Launchpool: Farm new token launches
Trading Tools:
- Copy Trading: Follow expert traders automatically
- Trading Bots: Grid, DCA, Martingale, and custom bots
- Demo Trading: Practice with virtual funds
- TradeGPT: AI-powered trading assistant
- Unified Trading Account: Trade all products from one account
Other Services:
- Bybit Card: Mastercard/Visa for crypto spending (10% cashback)
- P2P Trading: 600+ payment methods, zero fees
- Web3 Wallet: Self-custody with DeFi access
- Crypto Loans: Borrow against your holdings
🎁 New User Bonus – Up to $30,000!
Sign up through our link and claim your welcome rewards
Bybit Pros and Cons
|
✅ Pros
|
❌ Cons
|
Who Should Use Bybit?
Bybit is BEST for:
- ✅ Derivatives/futures traders seeking deep liquidity
- ✅ Copy trading users (both followers and masters)
- ✅ Traders who want advanced tools and bots
- ✅ Users seeking competitive fees
- ✅ Those interested in passive income via Bybit Earn
Bybit may NOT be ideal for:
- ❌ US-based traders (restricted)
- ❌ Complete beginners uncomfortable with advanced features
- ❌ Users who prefer decentralized exchanges
Bybit vs Competitors
| Feature | Bybit | Binance | OKX |
|---|---|---|---|
| Derivatives Fees | 0.02%/0.055% | 0.02%/0.04% | 0.02%/0.05% |
| Spot Fees | 0.10% | 0.10% | 0.10% |
| Cryptocurrencies | 600+ | 500+ | 350+ |
| Copy Trading | Best | Good | Good |
| Max Leverage | 100x | 125x | 100x |
| US Available | ❌ No | ❌ No | ❌ No |
How to Get Started on Bybit
- Sign up using our link below to get the welcome bonus
- Complete KYC verification (5 minutes)
- Deposit funds via crypto, card, or P2P
- Start trading or copy expert traders!
Frequently Asked Questions
Is Bybit legit and safe?
Yes, Bybit is a legitimate and safe exchange. It’s regulated by VARA in Dubai and holds MiCAR authorization in Austria. The platform uses cold storage, multi-signature wallets, and publishes regular Proof of Reserves audits.
Is Bybit available in the US?
No, Bybit is not available to US residents due to regulatory restrictions. US users should consider regulated alternatives like Coinbase or Kraken.
What are Bybit’s fees?
Bybit charges 0.10% for spot trading and 0.02%/0.055% maker/taker for derivatives. Deposits are free, and withdrawals have competitive network-based fees.
Does Bybit have a mobile app?
Yes, Bybit offers a full-featured mobile app for both iOS and Android with all trading features including copy trading and trading bots.
How do I contact Bybit support?
Bybit offers 24/7 live chat support through their website and app, plus email support and an extensive help center.
🚀 Ready to Start Trading on Bybit?
Join 40 million traders worldwide
✓ 0.02% Fees
✓ 600+ Cryptos
✓ Copy Trading
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