Bybit Review 2025: Complete Exchange Overview

The world of cryptocurrency can feel like a maze, especially with over 1,600 exchanges available today, according to Blockspot.io. For newcomers, the options can be overwhelming.

Each exchange offers its own blend of features, trading pairs, and fee structures, so it’s important you take the time to evaluate your choices before diving in. Key factors like security, user experience, liquidity, and the variety of assets on offer are crucial for creating a safe and efficient trading environment.

With security breaches and regulatory hurdles popping up frequently, assessing an exchange's reliability is paramount. It's not just about safety, either — having a diverse range of trading options, a user-friendly interface, and responsive customer support can greatly enhance your trading experience.

Bybit is one exchange that checks all of these boxes. However, can Bybit really be trusted?

In this Bybit review, we will give you everything you need to know about the exchange.

Bybit Review Summary:

Bybit is a popular cryptocurrency exchange known for its high-leverage trading options, offering up to 100x on derivatives and a user-friendly platform with advanced features like copy trading, trading bots, and Bybit Earn. It boasts strong security measures, including cold storage and multi-signature wallets, ensuring a secure trading environment. 

Bybit Key Features:

• Great Selection of Tradeable Assets- Bybit offers a wide range of trading instruments including derivatives, spot, and instant buy crypto features.
• Professional Grade Trading & Matching Engine- Bybit is known for its ultra-fast matching engine and instant trade execution. 
• Multilingual Support- Bybit offers good customer support, available in multiple languages.
• Leverage trading available
• NFT Marketplace
• Fiat Withdrawals
• Crypto Loans
• Bybit Copy Trading
• Bybit crypto debit card

Note: Users located in the US and UK are not supported.

👉Sign up to Bybit Exchange!

Bybit Overview

Bybit is a cryptocurrency exchange specializing in derivatives and futures trading, with a spot trading market.

Initially based in Singapore, it moved its headquarters to Dubai in 2022 and operates under Bybit Fintech Limited, which is registered in the British Virgin Islands. The platform is known for offering high-leverage trading options, up to 100x on perpetual contracts, which has attracted both retail and institutional traders.

Bybit has quickly risen to become one of the top cryptocurrency exchanges, ranking second in derivatives trading behind Binance according to CoinGecko. The exchange's main products include perpetual futures, but it also supports spot trading with leverage up to 10x.

Note: While the leverage feature on Bybit is popular, the use of high leverage is incredibly risky and is recommended for expert traders only. Be sure to understand the risks of leverage before utilizing it.

To ensure security, Bybit uses cold storage solutions, multi-signature addresses, SSL encryption, and additional user security measures such as two-factor authentication (2FA) and anti-phishing codes. It has a high-security rating from external audits.

Bybit also offers several unique features, including an insurance fund to protect traders from shortfalls in liquidation events, advanced order types, a robust matching engine, and customizable trading interfaces. In addition to trading, Bybit provides products like Bybit Earn, copy trading, options trading, and an NFT marketplace. It supports fiat deposits and withdrawals for various currencies and offers a mobile app for trading on the go.

Bybit has become a popular exchange globally but is restricted in certain jurisdictions, such as the United States, Syria, and Quebec.

If you are interested in Guy's take, feel free to check out the guide he put together below:

Getting Started with Bybit

Getting started with Bybit is a breeze. You have two options for signing up:

• Through your email address
• Via your mobile phone number

To kick things off, just head over to the Bybit homepage and click the “Sign Up” button in the top-right corner. You’ll see prompts for both sign-up methods — pick the one that suits you best. If you have a referral code, go ahead and enter it; if not, no worries — you can skip that step.

Here’s where it gets a little different: if you decide to sign up with your email, you’ll receive a reCAPTCHA verification code in your inbox. Just check your email, grab that code, and enter it on the Bybit site. If you go the mobile route, the verification code will come as a text message instead. Once you input that code, you’ll be all set to explore the platform!

Don’t forget: If you use our special sign-up link, you could snag up to a $60,000 bonus.

Bybit KYC

Bybit is a centralized exchange that follows regulatory measures to prevent money laundering, requiring users to undergo Know Your Customer (KYC) verification to access its products and services. The KYC process has two levels:

• Level 1: Mandatory for all users, offering benefits like a daily withdrawal limit of up to 1 million USDT. However, it does not provide access to the Bybit Card.
• Level 2: This level allows users to access the Bybit Card and raises the daily withdrawal limit to up to 2 million USDT.

KYC is important for several reasons on Bybit:

• Regulatory Compliance: It helps Bybit meet legal requirements.
• Fraud Prevention: KYC aids in detecting and preventing illegal activities and suspicious behavior.
• Enhanced Services: Users who complete KYC can access fiat services, earn products, and enjoy higher daily withdrawal limits.
• Exclusive Offers: KYC verification unlocks access to special promotions and events, such as Launchpads.
• Account Recovery: A KYC-verified account simplifies the process of recovering access in case of lost credentials.

Funding Your Account

Bybit supports a variety of deposit methods:

• Crypto deposit: Involves transferring cryptocurrency from an external wallet or another exchange to your Bybit account
• Buy crypto using fiat currency: You can buy the crypto of your choice on Bybit using fiat currencies such as the US dollar and the euro.
• Credit/debit card payment: Linking your credit/debit card allows you to fund your account without relying on third-party channels.
• Third-Party Payment: To facilitate third-party payments, Bybit has partnered with over a number of service providers.
• P2P Trading: This provides a straightforward peer-to-peer platform designed for the buying and selling of coins between two users.

Bybit Order Types

Here are the main types of orders you can use on Bybit

• Market Order: Executes immediately at the current market price for quick entry or exit.
• Limit Order: Allows you to set a specific price at which you want to buy or sell an asset. For example, you can place a limit order to buy Bitcoin at $65,000, which will execute automatically once the price reaches that level.
• Conditional Order: Activates when certain conditions are met, such as reaching a trigger price, and can use various reference prices for activation.
• Stop-Entry Order: Triggers a market or limit order when a predetermined price is reached, with buy stop orders set above and sell stop orders set below the last traded price.
• Take Profit and Stop Loss Orders: Automatically close a position at a specified profit (take profit) or loss (stop loss) level.
• Iceberg Order: Splits larger orders into smaller ones to reduce market impact and slippage, hiding the total order size.
• One-Cancels-the-Other Order: Pairs two conditional orders so that if one is executed, the other is automatically canceled.
• Post-Only Order: Ensures that a limit or conditional limit order is placed in the order book unless there’s an immediate match, preventing market execution.
• Reduce-Only Order: Allows you to decrease your position size without increasing it.
• Close on Trigger: Automatically closes a position when a specified condition is met.
• Trailing Stop Order: Follows the market price at a set distance, adjusting the stop price as the market moves.
• Time-Weighted Average Price (TWAP) Order: Executes a large order gradually over a specified time to minimize market impact.
• Scaled Order: An algorithmic approach to executing large orders without causing significant price fluctuations.
• Chase Limit Order: Continuously adjusts its entry price to stay at the best bid or ask until filled, canceled, or reaching a set maximum chase distance.

For a step-by-step guide funding your account and placing your first order, check out our Bybit trading guide article. We also have a detailed Bybit sign-up guide, which also touches on how complete Bybit KYC.

Bybit Review: Products and Features

Bybit offers a wide array of products and features that cater to both novice and seasoned traders alike. Let's take a closer look at what makes Bybit an appealing choice for cryptocurrency enthusiasts.

Bybit Convert

Bybit Convert is all about simplicity and convenience. It allows users to swap between fiat currencies and various cryptocurrencies with just a click, making it incredibly user-friendly — especially for those who are put by complex charts or market analysis.

The feature supports a broad range of trading pairs, allowing you to easily convert your assets as needed. Most conversions happen instantly, allowing you to take advantage of market fluctuations in real time. This feature spans across different account types, including spot, funding, and derivatives, which means you can use it flexibly.

Keep in mind: Bonus balances can’t be converted, so it's a good idea to familiarize yourself with the rules surrounding your funds.

Bybit Earn

Bybit Earn isn't just a single product; it’s a collection of seven different financial tools.

• Bybit Savings lets you park your cryptocurrencies and earn interest over time.
• ETH2.0 Liquid Staking allows you to stake your Ethereum while keeping your assets accessible.
• Liquidity Mining encourages you to contribute to liquidity pools in exchange for rewards.
• Dual Asset enables you to benefit from price movements in two different assets at once.
• Double-Win offers a way to potentially profit regardless of market direction, making it a great hedge against volatility.
• Wealth Management provides personalized investment strategies tailored to your financial goals.
• Launchpool gives you early access to new token projects, allowing you to invest before they go mainstream.

Check out our full review of Bybit Earn.

Bybit Lending and Crypto Loans

If you have idle cryptocurrencies just sitting in your wallet, Bybit Lending is a great way to put them to work.

This product lets you lend your assets to other users, earning hourly interest on your contributions. Bybit matches lenders with borrowers, whether they’re looking for funds for margin trading or other needs. They take asset safety seriously, employing multiple risk management strategies to protect your investments.

On the flip side, if you need quick access to liquidity, Bybit Crypto Loans allow you to borrow funds without selling your crypto. You can use your assets as collateral for short-term loans with terms ranging from 7 to 180 days. However, keep an eye on the liquidation risk; if the value of your collateral drops below a certain level, Bybit may liquidate it to cover your loan.

It’s essential to stay informed about the terms, especially regarding overdue interest, which can escalate quickly if you miss repayment deadlines.

Bybit Rewards Hub

The Bybit Rewards Hub is like a treasure chest filled with opportunities to earn rewards simply by engaging with the platform. Users can complete various tasks, such as signing up or inviting friends, to earn exciting bonuses.

 These rewards can come in different forms:

• Bonuses that help offset trading losses
• Coupons that reduce trading fees
• Airdrops of tokens you can use as you wish
• Fee discounts that lighten the load on your trading costs
• APY boosters that enhance your yield in Bybit Earn products
• Loss cover vouchers to cushion potential losses during trading

Each reward comes with its own set of conditions and timeframes.

Bybit Trading Bots

For those who prefer a hands-off approach, Bybit’s Trading Bots are here!

These automated tools execute trades on your behalf, allowing you to take a break from constant market monitoring. Bybit offers several types of bots, each designed to cater to different trading strategies:

• Spot Grid Bot is perfect for taking advantage of price volatility. It places buy orders below and sell orders above a specific reference price, continuously adjusting to market changes.
• Futures Grid Bot operates in the perpetual contract market, utilizing leverage to maximize potential profits. You can choose from three modes—long, short, or neutral—depending on market conditions.
• DCA Bot (Dollar-Cost Averaging) helps you invest regularly without worrying about market timing, which is especially beneficial for long-term investors.

While these bots can enhance your trading experience and help you capitalize on opportunities, they also come with risks, particularly in volatile markets, so it’s wise to approach them with a good understanding of how they work.

Bybit Copy Trading

If you’re new to trading or simply want to benefit from the expertise of experienced investors, Bybit Copy Trading is an excellent option. This feature allows you to replicate the trades of successful traders on the platform.

There are two main modes:

• Smart Copy Mode lets you follow master traders with a fixed risk ratio based on your balance, providing a level of safety.
• Advanced Copy Mode gives you the flexibility to customize your order settings, ideal for those with a bit more experience.

This feature has become quite popular, as it allows users to diversify their portfolios while leveraging the skills of others, making it a win-win situation for many traders.

You can read our Bybit Copy Trading review to learn more.

Bybit Crypto Card

The Bybit Card is a digital Mastercard that simplifies the process of spending your cryptocurrencies in everyday transactions.

Users can choose one fiat currency (EUR or GBP) and one cryptocurrency (like BTC, ETH, XRP, USDT, or USDC) to fund their card. While the digital version is free to use, there’s a fee for the physical card, which takes up to 30 days to arrive. One limitation is that the Bybit Card cannot be added to digital wallets like Apple Pay or Google Pay, which may make it less convenient for some users.

While there are no annual fees, users should be aware of a 0.5% foreign exchange fee and a 0.9% crypto conversion fee, which applies if you don’t have enough fiat to cover a transaction.

Bybit Wallet

The Bybit Wallet is a custodial wallet, meaning that the exchange holds your assets and manages the private keys. This setup allows you to easily access a range of decentralized applications in DeFi, GameFi, and NFT marketplaces. The wallet also features cross-chain compatibility, making it simple to manage multiple assets across different platforms.

Key functionalities include private key management, automatic collection of airdrops, and access to DeFi products, which broadens your investment horizons and enhances your engagement with the crypto ecosystem.

Bybit NFTs

Bybit’s NFT marketplace is an exciting space for buying, selling, and trading non-fungible tokens.

Supporting both Ethereum and Solana blockchains, users can transact using ETH, XTZ, and USDT. However, it’s worth noting that NFTs can only be priced with one token at a time. The marketplace charges a 1% trading fee for sellers, along with a royalty fee for creators, which helps support the artistic community.

Currently, NFT deposits are only supported on Ethereum, while withdrawals can be made on both Ethereum and Solana.

Bybit Launchpad

The Bybit Launchpad is designed for those eager to get in on the ground floor of new blockchain projects.

It provides access to token sales before they go public, allowing you to invest early in potentially promising projects. Users can participate by committing Mantle (MNT) or using lottery tickets to gain allocations for new tokens. The process features multiple phases that include a warmup period, subscription, allocation selection and the announcement of results.

TradeGPT

Bybit TradeGPT leverages real-time market data to offer insights and suggestions tailored to your trading strategies.

Unlike traditional chatbots, TradeGPT provides up-to-date information on market trends, potential investment opportunities, and technical analysis.

ByStarter

ByStarter serves as a platform for token sales, where users can invest in early-stage digital assets.

The process unfolds in multiple phases, starting with a warmup period for KYC verification, followed by a subscription phase where you commit funds. Then comes the allocation phase, where winners are randomly selected to receive tokens. A lock-up period follows, during which token holders are prohibited from selling their assets.

VIP Program

Bybit's VIP program is designed to reward loyal traders based on their trading activity and asset holdings.

It features several tiers, each offering unique benefits such as lower trading fees, access to exclusive campaigns, and priority customer support.

Institutional Services

For institutional clients, Bybit provides a comprehensive range of specialized services. These include over-the-counter (OTC) trading solutions, liquidity programs, and customized trading strategies designed to meet the unique needs of larger trading operations. These clients also get access to a dedicated support team ensuring real-time security alerts and robust risk management.

Affiliate and Referral Program

The Bybit affiliate and referral program lets you earn rewards by bringing friends onto the platform.

Both referrers and new users can enjoy benefits by completing specific tasks — such as making a minimum deposit or achieving certain trading volumes. The affiliate program features a commission structure that rewards you based on the trading volume generated by your referrals.

Is Bybit Safe?

Ensuring the safety of user funds is a top priority for Bybit, which has maintained a perfect security record since its launch in 2018, with no breaches even amid widespread hacks in the cryptocurrency space.

Platform Security

Bybit employs a robust triple-layer security approach. User funds are stored offline in cold wallets, complemented by advanced technologies like multi-signature, Trusted Execution Environment (TEE), and Threshold Signature Schemes (TSS) to prevent unauthorized access.

The platform conducts regular Proof of Reserves audits, with results made publicly available. Bybit adopts a privacy-first philosophy, ensuring transparency about data collection and usage, employing strong encryption, and maintaining strict access controls. Real-time monitoring systems detect suspicious activities, leading to enhanced withdrawal security measures.

Bybit has achieved a AA security rating from CER.

Security and Compliance

Bybit works closely with global regulatory bodies to combat money laundering and employs Know Your Customer (KYC) procedures focused on customer due diligence through partnerships with leading solution providers.

The platform collaborates with law enforcement to tackle cybercrime and is committed to promoting responsible trading practices, offering resources on risk management and security.

Insurance Fund

Bybit’s insurance fund serves as a safety net for traders engaging in derivatives trading, helping to shield them from excessive losses.

Here’s how it works:

When a trader’s position is liquidated, it’s settled at the bankruptcy price — the threshold where there’s no remaining initial margin. This settlement occurs regardless of the current market price. If the closing price of the position is better than this bankruptcy price, any remaining margin will be transferred to the insurance fund. This means that traders can still contribute positively to the fund even when facing a liquidation.

On the other hand, if the closing price falls below the bankruptcy price, resulting in a loss that exceeds the trader’s initial margin, the insurance fund steps in to cover the difference. This mechanism is especially important as it reduces the likelihood of Auto-Deleveraging (ADL), which can happen when the market is volatile and positions are rapidly liquidated to maintain system stability.

Essentially, the balance of the insurance fund fluctuates based on the outcome of liquidations. When liquidations occur at prices better than the bankruptcy price, the fund receives additional contributions. Conversely, when losses are covered due to unfavorable closing prices, the fund’s balance decreases.

Leverage on Bybit

Given that Bybit is a leveraged exchange, it means that they allow crypto margin trades. Traders will only have to put up a small percentage of the initial position as collateral for their trades.

This means that if you have the leverage of 100x, you will be required to put up a margin of 1% of the initial notional amount of the trade. So, if the notional on a 10BTC contract is $36,000, you will have to put up $360 in initial margin.

Major Pro 💯: With Bybit, leverage is freely adjustable, meaning that it can be changed even after opening a position, which is something that cannot be done on other exchanges.

What is surprising about the perpetual contracts on Bybit is their size. Each contract is only worth 1 USD, which is much smaller than the contracts on other exchanges. Below is all the other specifics of their BTCUSD contract.

They have pretty much the same terms on their ETH/USD contracts. You can find more information about the different contracts on the Bybit Market Overview Page. 

While Bybit does offer up to 100x leverage on their contracts, this is not constant. If you are a large trader and are entering sizable positions then they will bring down the leverage that you can achieve on your contract.

This protects the exchange from the risk posed by large positions. Below is the table of the BTCUSD risk limits. You can find the ETHUSD, EOSUSD and XRPUSD risk limits on their Risk Limit Levels page.

MM* stands for Maintenance Margin

As you can see, the maintenance margin is constant at 0.5% for all contract sizes. However, for larger positions, they will increase the minimum initial margin requirement such that there is a much greater shortfall between the liquidation level and the bankruptcy level.

Liquidation

Liquidation is what happens when you have nearly depleted your initial margin and the mark price hits the “liquidation price”. In this instance, the trader will be liquidated with the rest of their margin, if any, being sent to the Bybit insurance fund.

ADL ⚙️: Bybit operates an Auto Deleveraging system. Essentially, this happens when a position can't be liquidated at a price that is better than the bankruptcy price and the insurance fund cannot cover it. The ADL system will automatically deleverage a position of an opposing trader that is selected according to their defined criteria. You can read more about the ADL in Bybit's Auto Deleveraging article.

While there are many traders who may be upset by a liquidation, it is an important risk management tool in a futures exchange and is a part of margin trading. However, Bybit has a number of tools that will help traders avoid the risk of liquidation. These include the following:

• Dual Price Mechanism: In order to prevent the risk of market manipulation on the exchange, Bybit uses a dual price mechanism as the contract reference price. This is composed of the "Mark Price" which triggers liquidation and the “Last Traded Price” which is used to calculate the price at which the position is closed. The former is a global Bitcoin price whereas the latter is the current Bybit market price. Using external pricing inputs reduces singular exchange manipulation.
• Auto Margin Replenishment: If you want to make sure that your position will always have adequate levels of margin then you can set it to auto-replenish. This means that whenever your margin is close to being depleted, it will draw on your funds to keep your position open
• Stop Loss: This forms part of the order options that we talk about below. Having effective stop losses on your positions will ensure that it never gets down to the liquidation level. 

Mark / Spot Price 📈: For those interested, the Mark price is derived from the Spot price. The spot price is a Bitcoin price index that represents the global price. It is comprised of prices on Bitstamp, Coinbase Pro and Kraken. The Mark price is the spot price index plus a decaying funding basis rate

Bybit Fees

Bybit's trading fees vary for non-VIP and VIP users, with VIP users eligible for enhanced fee discounts based on their levels.

VIP levels are determined by either asset balance or the last 30-day trading volume. Traders need to meet one of these criteria to unlock the fee discount corresponding to their VIP Level.

As the focus of this article is on new traders, we'll stick to non-VIP.

Bybit currently offers two zero-fee campaigns: one for derivatives trading using Bybit Arbitradge and another for EUR Spot trading. During these promotional periods, traders can engage in specific pairs without incurring fees. Additionally, new users making a minimum deposit of 100 EUR can also enjoy zero fees, and staking on Bybit is fee-free as well.

Exchanges categorize orders as either "makers" or "takers" to determine the applicable trading fees:

• Makers: These are traders who add liquidity to the market by placing limit orders that aren’t immediately filled. They often contribute to the order book's depth. Makers typically pay lower fees and may even receive rebates; for instance, Bybit has a Market Maker Incentive Program that offers rebates of up to 0.015%.
• Takers: In contrast, takers remove liquidity from the market by placing market orders that are filled immediately. Takers usually incur higher fees due to their role in taking liquidity from the order book.

For specific fees on Bybit:

• Makers in derivatives trading are charged 0.01%
• Takers in derivatives trading pay 0.06%
• Both makers and takers in spot trading are charged 0.10%

Bybit Trading Platform

One of the most important things for a trader is to have an effective trading platform with advanced technology. 

So, how does Bybit stack up?

Very well here, in line with the top exchanges in the industry. The trading platform is well laid out and intuitive. At the top, you can toggle between your wallets and account management. You can also switch between the BTC and ETH futures markets.

Looking at the standard interface, you have the chart and market depth on the left (you can toggle between them). Then in the middle, you have the order book and the last trades. On the right, you have the order forms as well as the contract details.

Scrolling down from the main interface you have other important trading information. This includes things such as the current market activity and your assets.

Something that we really liked about their interface is that it is customizable and modular. You can detach some of the modules, resize them, and move them around such that they are in your chosen position.

For those seasoned traders among you, you will have noticed that Bybit uses TradingView charting technology. This third-party charting package is well-known in the industry for having the most functionality and features. TradingView has multiple indicators and has a clean, user-friendly interface suitable for crypto trading beginners.

Similar to many stocks and forex platforms, TradingView has become adopted by many crypto platforms, so it is relatively easy for you to adapt if you do open an account somewhere else.

Top Tip 💯: You can switch out the TradingView price charts for the market liquidity charts. These are helpful for the trader to determine market sentiment (bullish/bearish)

You will also notice that in your current position/order bar, you have the "ADL ranking" indicator. This will show you where you currently are positioned for potential deleveraging in the case that the ADL is triggered. As mentioned above, this is done to manage risk.

Something that Bybit appears to be quite proud of is their order-matching engine. They claim that this trading engine is able to execute a total of 100,000 transactions per second per contract. So for every new asset they will add, their matching engine will have a dedicated 100,000 transactions per second for that asset only.

Why does this matter?

Well, faster order execution means that the risk of slippage and trading errors is greatly reduced. Moreover, with an asset that moves as quickly as Bitcoin, it is really important to be able to match both sides of the order book almost instantaneously.

We have had members from the Coin Bureau team test out the trading execution and have heard from other high-level traders and can attest to the claims that Bybit has a professional grade matching and trade execution engine that are second to none in the industry. Check out our Bybit Trading Guide for a look at the trading functionality offered.

Market Analytics Data

Something else we found pretty neat was their market data section and particularly their advanced data section. This contained some really handy graphs and charts that could help inform your trading.

You can also pull up some of these charts and download the data. This could either be as an image, vector file or as a csv. Here you can see an example of us doing that with the rolling volatility chart.

Here is a list of the data that you are able to download as well as what it means:

• BTC Daily Realised Volatility Looking at what the realised volatility was like over a certain period of time
• Monthly Price Range Takes a look at monthly highs and lows in the price. It allows you to observe the range the asset traded in.
• Price Moving Averages: This has the price of Bitcoin along with the number of moving average indicators of different time frames.
• Rolling Volatility The realised volatility over the past 30 days compared to the average for the period. Gives you a sense of how much the price swung in a given period.

There is also a host of other data that you can examine in these tabs. That includes information on the specific index price, funding data and the insurance fund. You should also note the weights that are used to calculate the spot price.

Bybit Top Benefits Reviewed

Bybit is an excellent platform for non-US customers looking for a derivatives exchange or those wanting to trade the spot market. It offers one of the best trading experiences in the industry. Some of the top benefits Bybit offers are:

Wide Range of Assets and Services - Since 2018, Bybit has grown into one of the top exchanges that provides users with access to a wide range of assets as well as services. Bybit has over 300 assets in the spot market and 200+ contracts in the derivatives market. It also offers users services such as trading bots, lending, institutional services, referral and affiliate programs, the Bybit debit card, P2P market, copy trading, and more. Bybit has done a great job competing with the likes of Binance as a “one-stop-shop” crypto exchange that offers everything a crypto user needs under one roof.

Bybit Copy Trading- Because Bybit has become a highly respected exchange, thanks to its professional-grade trading and matching engine and fantastic selection of products, the platform has attracted some of the most talented crypto traders in the industry. This has led to their copy trading platform becoming one of the best in the industry as traders can copy the trades of some of the best traders in crypto.

High Leverage and Risk Management - The exchange allows users to trade with up to 100x leverage on select assets, but it also has a variety of tools that ensure risk is properly contained. Some of the tools include Bybit’s insurance fund, auto deleveraging, cross and isolated margin accounts, a range of order options, etc.

Good Customer Support - Bybit has 24/7 customer service available for users to get any issues addressed.

Bybit Exchange Review: Conclusion

We found Bybit to be a user-friendly exchange with strong technology, reasonable fees and a relatively intuitive user interface. We are also glad to see Bybit has developed an insurance fund to manage market risk.

Bybit is well-positioned to offer an alternative to the status quo in the crypto derivatives trading market and has enjoyed astronomical growth in the industry.

The exchange is one of the fastest growing platforms around, with new products and features being added all the time, which has only been fuelling its growth.

So, should you use Bybit?

You would be in good company if you chose to do so. Many of the best traders in crypto and even some institutional traders trust Bybit and they have a robust security framework in place. We encourage you to do your own research but on the face of it, Bybit appears to be a fantastic exchange that ticks most of our boxes. You can learn more about Bybit and how it stacks up against other exchanges in our Bybit vs KuCoin review.

Warning ⚡️: Trading leveraged futures products is incredibly risky. Make sure that you practice adequate risk management