CryptoBigBox
Bybit logo

Bybit

Operating since 2018
7.7
General information
Spot Volume
$3,499,897,328
Maker / Taker
Futures
0.02 % / 0.055 %
Withdrawal of
funds
7
P2P
KYC
Copy trading
Visits
Coins
641
Coins
Currency
74
Currency
  • AED
  • AMD
  • ARS
  • AUD
  • AZN
  • BDT
  • BGN
  • BRL
  • BSD
  • BYN
  • CAD
  • CHF
  • CLP
  • COP
  • CRC
  • CZK
  • DKK
  • DOP
  • DZD
  • EGP
  • EUR
  • GBP
  • GEL
  • GHS
  • HKD
  • HUF
  • IDR
  • ILS
  • INR
  • ISK
  • JOD
  • JPY
  • KES
  • KGS
  • KHR
  • KWD
  • KZT
  • LBP
  • LKR
  • MAD
  • MDL
  • MKD
  • MMK
  • MNT
  • MXN
  • MYR
  • NGN
  • NOK
  • NPR
  • NZD
  • OMR
  • PEN
  • PHP
  • PKR
  • PLN
  • QAR
  • RON
  • RSD
  • RUB
  • SAR
  • SEK
  • SGD
  • THB
  • TJS
  • TND
  • TRY
  • TWD
  • UAH
  • USD
  • UYU
  • UZS
  • VES
  • VND
  • ZAR
Weekly visits
4,528,542
Prohibited countries
Canada, Cuba, France
+11
Prohibited countries
  • Canada
  • Cuba
  • France
  • Hong Kong SAR
  • Iran
  • Mainland China
  • North Korea
  • Selected regions of Russia and Ukraine
  • Singapore
  • Sudan
  • Syria
  • USA
  • United Kingdom
  • Uzbekistan
Сurrencies
AED, AMD, ARS, AUD, AZN, BDT, BGN, BRL
+66
Сurrencies
  • AED
  • AMD
  • ARS
  • AUD
  • AZN
  • BDT
  • BGN
  • BRL
  • BSD
  • BYN
  • CAD
  • CHF
  • CLP
  • COP
  • CRC
  • CZK
  • DKK
  • DOP
  • DZD
  • EGP
  • EUR
  • GBP
  • GEL
  • GHS
  • HKD
  • HUF
  • IDR
  • ILS
  • INR
  • ISK
  • JOD
  • JPY
  • KES
  • KGS
  • KHR
  • KWD
  • KZT
  • LBP
  • LKR
  • MAD
  • MDL
  • MKD
  • MMK
  • MNT
  • MXN
  • MYR
  • NGN
  • NOK
  • NPR
  • NZD
  • OMR
  • PEN
  • PHP
  • PKR
  • PLN
  • QAR
  • RON
  • RSD
  • RUB
  • SAR
  • SEK
  • SGD
  • THB
  • TJS
  • TND
  • TRY
  • TWD
  • UAH
  • USD
  • UYU
  • UZS
  • VES
  • VND
  • ZAR
Support languages
Chinese, English, Indonesian
+7
Support languages
  • Chinese
  • English
  • Indonesian
  • Japanese
  • Portuguese
  • Russian
  • Spanish
  • Thai
  • Turkish
  • Vietnamese
Deposit
Alfa-Bank, Alipay, Apple Pay, Bank Transfer, Bank Uralsib, Binance Coin, Binance USD, Bitcoin
+39
Deposit
  • Alfa-Bank
  • Alipay
  • Apple Pay
  • Bank Transfer
  • Bank Uralsib
  • Binance Coin
  • Binance USD
  • Bitcoin
  • Cash App
  • Cryptocurrencies
  • EasyPay
  • Ethereum
  • GoPay
  • Google Pay
  • Interac
  • KoronaPay
  • Mastercard
  • Mir
  • MoMo
  • Neteller
  • OTP Bank
  • OZON Bank
  • PAYEER
  • PayPal
  • Perfect Money
  • Pyypl
  • Raiffeisen
  • Revolut
  • Ripple
  • SEPA
  • SHIBA INU
  • SWIFT
  • Simply
  • Skrill
  • Solana
  • Tether
  • USD Coin
  • UniCredit Bank
  • Visa
  • Volet
  • Wechat
  • Western Union
  • Wise
  • Zelle
  • Zen
  • Zinli
  • ecoPayz
Withdrawal of funds
AirTM, Alfa-Bank, Alipay, Apple Pay, Bank Uralsib, Bank transfer, Binance Coin, Binance USD
+40
Withdrawal of funds
  • AirTM
  • Alfa-Bank
  • Alipay
  • Apple Pay
  • Bank Uralsib
  • Bank transfer
  • Binance Coin
  • Binance USD
  • Bitcoin
  • Cash App
  • Cryptocurrencies
  • EasyPay
  • Ethereum
  • Google Pay
  • KoronaPay
  • Mastercard
  • Mir
  • MoMo
  • Neteller
  • OTP Bank
  • OZON Bank
  • PAYEER
  • PIX
  • PayPal
  • PaySera
  • Perfect Money
  • Pyypl
  • Raiffeisen
  • Revolut
  • Ripple
  • SEPA
  • SHIBA INU
  • SWIFT
  • Simply
  • Skrill
  • Solana
  • Tether
  • USD Coin
  • UniCredit Bank
  • Visa
  • Volet
  • Wechat
  • Wise
  • Zelle
  • Zen
  • Zinli
  • ecoPayz
  • iDEAL
Interface languages
Arabic, Chinese, English
+12
Interface languages
  • Arabic
  • Chinese
  • English
  • Filipino
  • Indonesian
  • Japanese
  • Kazakh
  • Polish
  • Portuguese
  • Romanian
  • Russian
  • Spanish
  • Thai
  • Ukrainian
  • Vietnamese
Exchange address
Devices
Android, iOS
Devices
  • Android
  • iOS
Types of trade
Futures, Margin, P2P exchange, Spot trading, Staking
Types of trade
  • Futures
  • Margin
  • P2P exchange
  • Spot trading
  • Staking
Type
Centralized (CEX)
Year of foundation
2018
Affiliate payments (spot)
50 %
Affiliate payments (futures)
50 %
Start trading

As of today, cryptocurrencies already have gone through lots of ups and downs, and even made their way to US stock exchanges through ETFs. More than half a billion of people, reportedly, own or trade cryptocurrencies.

Whether somebody wants to join this army of cryptousers or is a professional cryptotrader, ByBit is an appealing option to anyone, as it is a second-largest cryptocurrency exchange in the world, known for its wide array of trading instruments. 

Let’s deep-dive into detailed ByBit crypto exchange review to see, what sets it apart from other cryptoexchanges in the world, and see if it is right for you!

Spot Volume
$3,499,897,328
Maker / Taker
Futures
0.02 % / 0.055 %
Withdrawal of
funds
7
Token
P2P
KYC
Copy trading
Visits
Coins
641
Coins
Currency
74
Currency
  • AED
  • AMD
  • ARS
  • AUD
  • AZN
  • BDT
  • BGN
  • BRL
  • BSD
  • BYN
  • CAD
  • CHF
  • CLP
  • COP
  • CRC
  • CZK
  • DKK
  • DOP
  • DZD
  • EGP
  • EUR
  • GBP
  • GEL
  • GHS
  • HKD
  • HUF
  • IDR
  • ILS
  • INR
  • ISK
  • JOD
  • JPY
  • KES
  • KGS
  • KHR
  • KWD
  • KZT
  • LBP
  • LKR
  • MAD
  • MDL
  • MKD
  • MMK
  • MNT
  • MXN
  • MYR
  • NGN
  • NOK
  • NPR
  • NZD
  • OMR
  • PEN
  • PHP
  • PKR
  • PLN
  • QAR
  • RON
  • RSD
  • RUB
  • SAR
  • SEK
  • SGD
  • THB
  • TJS
  • TND
  • TRY
  • TWD
  • UAH
  • USD
  • UYU
  • UZS
  • VES
  • VND
  • ZAR

ByBit has been established a bit more than 5 years ago, in 2018, and has been growing fast since then. In 2024 alone, it gained over 10 million new users, reaching 50+ million users worldwide. Its’ founder, Ben Zhou, has an 8-years’ experience in forex market. 

ByBit operates in 180+ countries and 200+ regions. Yet, it is important to note, that ByBit does not accept new users from certain regions: for example, USA, China and Hong-Kong. Having said that, some ByBit USA earlier registered users continue to access their accounts. If detected, they face the risk of having their accounts locked. If you are a ByBit US or any other restricted country user, it is advisable to suspend your ByBit account.

With ultra-fast matching engine, 24/7 customer service, and multilingual community support, ByBit is fit for all categories of crypto enthusiasts. Let’s explore its extensive product offerings and registration process in the following chapters and give a map for this distinctive instrument for building wealth!

Bybit Main Page
Bybit Main Page

ByBit: Products and Features snapshot

As a cryptoexchange, ByBit is especially renowned for its extensive product range – no ByBit review will be full without its products rundown. ByBit caters to all needs – both for conservative cryptoinvestors and professional traders. Let’s explore all the products and see what is the best for you.

High risk – high return products: Derivatives

What is crypto derivatives trading? The concept came to cryptomarket from traditional exchanges, where professional participants utilize derivatives – such as futures and options – to earn increased returns on their deposits. ByBit crypto derivatives are represented by more than 1,000 instruments – plenty to choose from.

Perpetual Futures: leverage up to 125x

ByBit has more than 380 perpetual contracts with up to 125x leverage. If you accurately predict price movements, you can potentially earn profits equivalent to those from a deposit 125 times larger. ByBit offers three types of perpetual futures contracts: USDT-settled contracts, USDC-settled contracts, Coin-settled contracts.

Traditional Futures for deals with deadline

Traditional futures are similar to perpetual ones, but they have an expiry date, and trader should keep an eye on it. In ByBit, trader can buy contracts with weekly, monthly or quarterly expirations. There are two types available: USDC-settled contracts and Coin-settled contracts.

What Order Types you can place on ByBit?

In futures trading on ByBit, traders have access to various order types, both basic and advanced, that enhance their strategies:

  1. Market Orders for quick trades at the current market price
  2. Limit Orders are to be executed when market price reaches specified level
  3. OCO Order (One-Cancels-the-Other) pairs a stop-loss and a take-profit order: when one is executed, the other is automatically canceled
  4. TWAP (Time-Weighted Average Price) divides a large order into smaller ones spread out over a specified time period to achieve an average price
  5. Iceberg Order conceals the true size of a larger order by breaking it into smaller parts
  6. Scaled Order allows to place multiple limit orders at different price levels
  7. Webhook Signal Trading connects automated trading strategies with external platforms like TradingView for algorithmic trading 

Options for hedging and high-risk trading

Options are known as a very specialized instrument for hedging or increasing earnings when trading. ByBit provides options contracts for key cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), nominated in USCD. 

Increased leverage with Margin Trading

ByBit also offers its users spot margin trading, allowing to borrow funds to invest with up to 5x leverage. Using your crypto assets as collateral, you can open positions larger than your account balance.

ByBit Copy Trading for newcomers

ByBit's copy trading uses a follower-master trader system. Experienced master traders can share their trades with followers, who can choose to copy these trades in their own accounts. The platform emphasizes transparency, enabling followers to assess the performance of master traders before investing their money.

Instant deals with Instant Convert

One of ByBit unique features is Instant Convert. If you are seeking to quickly convert your cryptocurrency to another one or to fiat money, and all with zero fees – that’s your choice. Instant Convert supports all currencies, represented on ByBit.

Zero commissions with P2P Trading

ByBit’s P2P trading platform allows you to buy and sell cryptocurrencies directly from others using your local fiat currency, without any medium. You negotiate exchange rates directly with your trading partner, while ByBit ensures a secure transaction through its escrow system. The platform supports over 60 fiat currencies. Currently, the platform supports four cryptocurrencies: BTC, ETH, USDT, and USDC, with zero fees for P2P trading.

Bybit P2P page
Bybit P2P page

Another option for quick purchases: One-Click Buy

If you are looking for something simpler than a cryptoexchange and only require to purchase some coins, you might get interested in One-Click Buy. This ByBit feature gives access to 50+ fiat currencies and 150+ coins and tokens, and allows to buy them literally in one click.

OTC Marketplace for Institutional Clients

For professional investors and hedge funds ByBit offers an institutional service suit, with enhanced security, efficiency and additional trade features. The platform includes Over-The-Counter (OTC) Trading, which allows large orders to be traded directly between institution and ByBit for greater confidentiality.

Professional Trading: Automated Trading Bots

Just as in traditional stock market, in cryptotrading you can increase effectiveness of your deals and minimize operation time with automated trading bots. ByBit provides trading bots using pre-set strategies: Spot Grid, Futures Grid, Futures Martingale, Dollar-Cost Averaging.

ByBit ETP (Leveraged Tokens) as an alternative for Futures

ByBit Exchange-Traded Product (ETP) is similar to perpetual futures, but is traded in form of tokens. It allows you to use leverage, without needing to manage it manually.

New launches access with ByBit Spot X

Spot X is a new platform, that brought together all ByBit products allowing to participate in new instruments: ByStarter – early access to innovative Web3 projects, Launchpad – head start on new tokens, Launchpool – staking on existing cryptocurrencies, ByVotes – deciding a destiny of new ByBit launches by voting.

ByBit Earn: traditional services in crypto world

For more traditional investors, ByBit has launched its ByBit Earn program: Flexible and Fixed Staking, Structured Products, Loans and Card. In Staking you receive an interest rate by locking your crypto, just like in bank deposits. Structured Products allow earning money via buying pre-set strategies. With loans, you can borrow money with your crypto as collateral. And Card you can use for your day-to-day payments, where crypto is accepted. This way you can save on fees for transferring your funds into fiat currencies.

Web3 Platform: cutting-edge offers

In its Web3 Platform, ByBit provides even more opportunities to earn money with crypto: besides trading, you can access there Initial DEX Offerings, airdrops, on-chain staking and NFT-platform. It is the fastest growing segment in cryptotrading, offering attractive returns for investors.

How to start working with ByBit

If you decided to give ByBit a try, let’s see what it takes to start working with it. Step one – create an account!

Step 1: Open an Account

Account creation procedure resembles any web-site registration: you visit ByBit web-site, click on Sign up, enter your e-mail and password, – and the account is granted!

Bybit Registration
Bybit Registration

Step 2: Verify Your Identity (KYC)

ByBit is a financial institution and has to follow KYC regulations. So, before allowed to start trading, you are required to go through KYC. Visit profile section, Account and Security, and follow prompts. Remember, you will be asked to provide a valid identification, such as passport or driving license.

Step 3: Deposit Funds

The next step would be to deposit funds to start trading. ByBit supports multiple channels, be it SEPA, bank card, P2P transactions. 

And final step: Start Trading Crypto

And finally, to start trading, go to the Markets section and select the currency pair from a variety of several hundred available. Enter the details, such as amount and price, and press “Confirm”. Now your order is in the system, and you will receive your desired currency as soon as it will be executed.

What about exchange commissions and fees in ByBit?

ByBit has a tiered trading commissions structure, based on 4 levels. Commissions differ for Spot, Institutional and Futures trading, and vary based on asset value, trading volume, and role as maker or taker. Other than that, if you deposit and withdraw fiat currencies or crypto between exchanges, you are also charged – by third parties (fiat) or blockchain. 

Take a close look at all the deposit, exchange and withdrawal fees before deciding to trade in specific currency!

How ByBit ensures deposits security?

Part of the reason, why ByBit is the second-largest cryptoexchange, is taking client security very seriously. Not only it does regular Proof-of-Reserve independent audits to show that it actually holds all the entrusted assets, but also it holds to the highest standards for security on client’s side. It employs human-computer checks, 2FA for enhanced login protection, triple layer asset protection (including cold wallets, multi-signature system), and withdrawal address whitelisting – everything to keep clients’ funds safe!

Does ByBit offer Mobile App?

For better usability, ByBit has launched a mobile app, so you can initiate and monitor your trades on the go. It offers easy access to Spot and Derivatives markets, as well as deposits and withdrawals. It is also integrated with platforms like Web3, NFTs. Mobile App can be downloaded from official app stores for iOs and Android. 

Bybit APP page
Bybit APP page

Is ByBit user-friendly?

ByBit offers 24/7 support via Help Center with a FAQ, live chat and e-mail, depending on your preferences. If you have an urgent issue and require personified help, you can contact live representative via web-site. For more complex, and not so urgent questions you can create ticket and send your request to ByBit customer support e-mail.

How ByBit compares with other exchanges?

ByBit is often compared with Binance, as they both are top-exchanges in the world. Also, you can look at smaller, specialized cryptoplatforms to start your investing career. Let’s compare ByBit to some other major platforms.

FactorByBitBinanceOKX
Security2FA, cold wallet, regular Proof-of-Reserve audit, anti-phishing measures2FA, cold wallet, SAFU fund, Proof-of-Reserve, anti-phishing2FA, cold wallet, Proof-of-Reserve, anti-phishing
LiquidityHigh liquidity for major pairsOne of the highest liquidities globallyHigh liquidity, especially in Asia
Trading FeesMaker: 0.01%, Taker: 0.06%Maker: 0.10%, Taker: 0.10%Maker: 0.08%, Taker: 0.10%
Available Cryptocurrencies400+ coins and tokens350+ coins and tokens300+ coins and tokens
User Interface & ExperienceEasy-to-use interface, advanced tools for pro tradersClean interface, advanced charts, mobile appIntuitive UI, mobile app, advanced trading tools
Customer Support24/7 live chat, multilingual support
Deposit/Withdrawal OptionsCrypto only, fiat through third-party integrationsFiat and crypto, various payment methods (credit card, bank)Fiat and crypto, multiple payment methods, credit cards

ByBit attracts users with wide array of coins and derivatives, multiple products, security, and user-friendly environment. 

Conclusion

All in all, if you are looking for secure cryptoexchange with high liquidity and wide range of cryptocurrencies and derivatives, ByBit is one of the best options. In addition, it offers one of the lowest trading commissions in the market, as well as options for fee-free P2P crypto exchange.

This detailed ByBit overview is crafted to enable you to make an informed decision by considering key factors such as security, fees, liquidity, available assets, and aligning them with your trading goals and risk tolerance!

Frequently asked questions

What cryptocurrencies are traded on ByBit?
ByBit offers over 400 cryptocurrencies for trading, including major assets like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). Additionally, it supports various altcoins such as XRP, Solana (SOL), and many others. The platform regularly updates its listings to include emerging tokens and trending assets across the crypto market.
What minimal amount of money can I deposit?
ByBit does not have a fixed minimum deposit amount for cryptocurrency deposits; you can deposit any amount as long as it covers the network transaction fees. For fiat deposits through third-party services, the minimum deposit varies depending on the payment provider and method used. It’s recommended to check the specific limits of your chosen payment option before making a deposit.
Are my funds secure with ByBit?
Yes, ByBit takes multiple measures to ensure the security of user funds. The platform employs advanced security protocols, including two-factor authentication (2FA), and cold wallet storage. Additionally, ByBit conducts regular Proof-of-Reserve audits to ensure transparency and solvency. These security features, combined with strong encryption and a reliable system infrastructure, help safeguard your funds against potential threats.
Pros and Cons
Huge selection of coins and tokens (over 10,000 overall)
Advanced features like Web3, derivatives, options
Multiple deposit and withdrawal channels
Products for individual crypto investors: card, loan, spot trading
Special product line and platform for institutional investors
Modest commissions and fee structure for large volume traders
Good fund protection
Passive income opportunities
Giveaways, bonuses, and promotions
Due to multiple products, might be complicated for newcomers
No services for the USA, Canada, France, other territories
Getting KYC verified can take time
Commissions for deposit and withdrawals to fiat currencies and between platforms
Welcome bonus
Get it now
  • #Welcome bonus

The Bybit coupon can be used to pay fees on derivatives (but not on spot). KYC verification (Level 1) is required.

6045 USD Referral link registration bonuses
Get it now
  • #Welcome bonus
  • #No deposit
  • #Referral

Sign up through a friend’s link and receive exclusive welcome rewards up to $5 020, plus an additional $1 025 for registering via referral. Start with impressive bonuses and enjoy gaming with an advantage!

200 USD Promotion for P2P Merchants
Get it now
  • #Promotions

Become a P2P merchant and start earning up to 200 USDT per week! Long-term merchants receive not only generous trading bonuses but also personal support, quick appeal resolution, and exclusive benefits. Boost your income by trading fiat currencies and take advantage of all program benefits!
The offer is valid only for USDT advertisers.

Monthly Cashback for Fiat Deposits
Get it now
  • #Cashback
  • #Promotions
  • #Limited

Join Bybit's monthly promotion and earn up to $40 in cashback for fiat deposits. Make transactions through "Fiat Deposit" or "One-Click Buy" from the 1st to the 7th of each month and get your transaction fees refunded.

 

5000 USD Loyalty Program: Exclusive Rewards
Get it now
  • #Loyalty program

Bybit offers its loyal users the opportunity to earn points by completing various tasks on the platform. These points can be redeemed for bonuses, vouchers, and cashback, making the platform even more rewarding.

40 USD Fiat Cashback – Bonuses for Account Top-Ups
Get it now
  • #Cashback
  • #Deposit
  • #Limited

Top up your account with fiat currency and receive bonuses every month! From the 1st to the 7th of each month, new users can get up to 10 USDT back, while existing users can receive up to 5 USDT as a cashback on fees. Additionally, a $30 crypto purchase coupon is available for deposits over $5 000. The promotion runs until December 7, 2025. The total reward pool is up to $40 per participant.

5000 USD Earn Points — Redeem for USDT
Get it now
  • #Referral
  • #Promotions
  • #Limited
  • #Loyalty program

Complete tasks, collect points, and exchange them for rewards in USDT. Participants can receive airdrops, trading bonuses, and other prizes — including up to $5,000 in USDT. The total prize pool is limited, and rewards are distributed on a first-come, first-served basis.

2000 USD Share Your Feedback — Get a Bonus
Get it now
  • #No deposit
  • #Giveaway
  • #Limited
  • #Loyalty program

Share your thoughts about the Bybit app and join the prize draw! The top winner will receive 1,000 USDT, while users ranked 2nd to 5th will each get 50 USDT. Additional rewards include coupons and airdrops for feedback on fiat services and making deposits. The total prize pool includes 2,000 USDT plus extra bonuses in coupons and tokens.

100000 USD Vote for Tokens – Win Rewards
Get it now
  • #No deposit
  • #Giveaway
  • #Promotions
  • #Limited
  • #Vote

Join the ultimate crypto team battle and cast your votes for one of two sides — Strategic Reserve or Wild Tokens. Earn votes by completing tasks, unlock mystery boxes with prizes, and enter the draw for exclusive rewards, including a Rolex watch. The total prize pool is 100,000 USDT: 80,000 USDT for the winning team and 20,000 USDT for the runner-up.

100 USD Risk-Free Copy Trading for Beginners
Get it now
  • #Welcome bonus
  • #No deposit
  • #Limited
  • #For copytrading

Start your copy trading journey with confidence — if your first trade results in a loss, Bybit will cover it with a voucher of up to 100 USDT. This offer is available exclusively to new copy trading users. Rewards are distributed on a first-come, first-served basis, with a prize pool of up to 100 USDT per participant.

500000 USD Derivatives Trading Festival
Get it now
  • #Promotions
  • #Limited
  • #For trading

Join the large-scale spring campaign by Bybit and Tether — trade USDT options and perpetual futures to earn bonuses. Rewards are distributed proportionally to your trading volume among all participants. The total prize pool reaches up to 500,000 USDT and scales with overall trading volume — the more active the market, the bigger the pool.

25000 USD Premium Bonus for VIP Referrals
Get it now
  • #Referral
  • #Promotions
  • #Limited

Invite new users with VIP1+ status and earn up to 200 USDT. The first 100 participants who refer a qualified VIP user will receive 100 USDT each. An additional 100 USDT can be earned if the referred user maintains VIP status for more than three months. The prize pool is limited — bonuses are distributed on a first-come, first-served basis after verification.

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