Bybit

4.7/ 5

Bybit is a leading cryptocurrency derivatives exchange founded in 2018 and one of the fastest-growing platforms globally with over 50 million registered users. Known for its high-performance matching engine, competitive maker/taker fees, perpetual and futures contracts, and a broad selection of 500+ crypto trading pairs, Bybit is favoured by crypto derivatives traders.

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Min. Deposit

Spread From

0.1%

Regulation

VARA, CySEC

Full Review

Overview

Bybit was founded in 2018 and has rapidly grown into one of the world's top cryptocurrency derivatives exchanges, now serving over 50 million registered users globally. The platform is known for its high-performance matching engine capable of processing 100,000 transactions per second, competitive maker/taker fees on perpetual and futures contracts, and a growing spot trading and Web3 ecosystem. Bybit holds licences in Dubai (VARA) and Cyprus (CySEC).

Pros

High-performance engine: 100,000 TPS matching engine with minimal downtime — essential for volatile markets
Competitive futures fees: 0.02% maker / 0.055% taker on USDT perpetuals
Large derivatives ecosystem: Perpetuals, inverse contracts, options, and USDC futures all available
500+ trading pairs: Broad selection across spot and derivatives markets
Regular promotions: Trading competitions, bonuses, and yield programmes

Cons

No US clients: Not available to US residents
Derivatives-focused: Spot trading selection smaller than Binance
Regulatory uncertainty: While VARA-regulated in Dubai, global regulatory status remains complex
Leverage risks: High leverage available (up to 100x) creates significant risk for inexperienced users
Customer support delays: Large user base can mean slower support response times

Spreads & Fees

Trading Type	Maker Fee	Taker Fee	Notes
USDT Perpetuals	0.02%	0.055%	Very competitive
Spot Trading	0.10%	0.10%	Standard exchange fees
Options	0.02%	0.02%	Competitive options fees
Inverse Contracts	0.01%	0.06%	BTC/ETH settled contracts

Withdrawal Fees: Vary by cryptocurrency and blockchain network. VIP Tiers: Volume-based tiers reduce fees further for high-volume traders.

User Reviews8

Alex C.

5/5

Bybit's perpetuals trading is the best experience I've had on any crypto exchange. The engine is fast, the UI is clean, and the fees are lower than most competitors. My primary trading platform.

Rachel T.

4/5

The platform is well-designed and the derivatives selection is comprehensive. I use Bybit for futures primarily and the experience is excellent. Customer support has been responsive.

Marcus F.

5/5

From the speed of execution to the fee structure, Bybit is built for serious crypto traders. The 0.02% maker fee on perpetuals is the best I've found. Very reliable during volatile markets.

Yuki N.

3/5

Good exchange but not available in my region fully. The product range is excellent but the regulatory uncertainty in my country makes me keep most funds elsewhere.

Elena W.

5/5

Bybit's copy trading feature is well implemented. Good signal providers with detailed stats. I follow 2 strategies and the automated execution is seamless.

Sam K.

4/5

Great for experienced crypto traders. The options market has improved significantly and liquidity is much better than a year ago. Competitive fees and reliable execution.

David M.

2/5

Had a withdrawal issue that took 5 days to resolve. The trading platform itself is excellent but operational issues and slow support can be frustrating during critical moments.

Sophie L.

5/5

Bybit's earn section has good yields on stablecoins and major coins. Combined with excellent derivatives trading, it's my primary crypto platform for both trading and passive income.

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