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FreemiumMedium RiskMulti-chain (Ethereum, BNB Chain, Tron, Solana, Arbitrum, and 50+ others)$noneFeaturedVerified

Bybit

Leading derivatives crypto exchange with low fees and high leverage

4.3/5

Potential

Up to $30,000+ in welcome rewards (varies by deposit and trading tasks)

KYC is mandatory for full access and higher limits. Standard level requires government-issued ID + selfie. Advanced/Pro levels add proof of address for significantly higher withdrawal limits

Potential

Up to $30,000+ in welcome rewards (varies by deposit and trading tasks)

Risk

Medium Risk

Rating

4.3/5

Best For

Active traders wanting low fees, high leverage, derivatives, copy trading, and trading bots

Exchange Overview

Bybit is a major centralized cryptocurrency exchange specializing in derivatives trading. It offers spot trading, perpetual futures with up to 125x leverage, options, margin trading, copy trading, trading bots, staking, and yield products.

Key highlights:

650+ cryptocurrencies and 1,200+ trading pairs

Deep liquidity, especially in perpetual futures markets

Advanced charting tools, API support, and fast execution

Copy trading and automated trading bots

Fees

Spot: 0.1% maker/taker. Perpetual futures: 0.02% maker / 0.055% taker. VIP and Pro tiers offer further reductions.

Security

Strong security with proof-of-reserves, majority of assets in cold storage, 2FA, withdrawal address whitelisting, and advanced risk management. No major user fund losses reported despite a past security incident.

Supported Countries

Available in 160+ countries worldwide. Restricted in the United States, United Kingdom, Canada, Singapore, mainland China, and several sanctioned jurisdictions. Users should always verify eligibility in their region.

Responsive

Our Verdict

Bybit is a top-tier derivatives-focused cryptocurrency exchange in 2026, highly regarded for its competitive low fees, excellent liquidity in futures markets, and powerful trading tools such as copy trading, bots, and high leverage (up to 125x). Spot fees start at 0.1%, while futures fees are among the lowest in the industry (0.02% maker / 0.055% taker). Security is solid with proof-of-reserves, cold storage, and no major user fund losses despite a past incident.

It excels for experienced and active traders who want advanced features and leverage. However, mandatory KYC, restricted access in major markets like the US/UK/Canada, and the steep learning curve make it less ideal for absolute beginners. Highly recommended for non-restricted users who prioritize derivatives and low costs.

Strengths

Very low trading fees (0.1% spot, 0.02%/0.055% futures)
Deep liquidity especially in perpetual futures
650+ cryptocurrencies and 1,200+ trading pairs
Advanced features including copy trading, trading bots, and up to 125x leverage
Fast execution and professional-grade platform

Weaknesses

KYC required for full features and higher limits
Restricted in the US, UK, Canada, and several other countries
Can feel overwhelming for absolute beginners
Limited direct fiat on-ramps in some regions
Past security incident in 2025 (no user funds lost)

How to Get Started

1
Create an account
2
Complete KYC verification
3
Deposit crypto or use P2P/fiat options
4
Start trading

Common Questions

What are Bybit trading fees?

Spot trading fees are 0.1% for both maker and taker. Perpetual futures fees start at 0.02% maker / 0.055% taker. VIP/Pro tiers offer further discounts.

Is Bybit safe to use in 2026?

Bybit maintains strong security with proof-of-reserves, cold storage for most assets, 2FA, and no major user fund losses in its history. It experienced a security incident in 2025 but user funds were protected.

How do I complete KYC on Bybit?

Bybit requires KYC for full access. Standard verification needs government ID + selfie. Advanced levels add proof of address for higher withdrawal limits.

Which countries is Bybit restricted in?

Bybit is unavailable in the United States, United Kingdom, Canada, Singapore, mainland China, and several sanctioned countries. Check the official list for your country.