Bybit is one of the strongest crypto exchanges for actually trading, not just buying and holding. This Bybit review covers the fees, the safety question everyone asks after the 2025 hack, the features that matter, and the honest cons, so you can decide if it is right for you.
Verdict (4.3 out of 5): Bybit is a legit, well-run exchange that shines for derivatives, copy trading, and low-fee spot trading, with a clean app beginners can actually use. It is our top pick for people who want to trade crypto. The catches: it is not available in the US, UK, or Canada, and its customer support gets mixed reviews. If you can use it and you want to trade, it is hard to beat. Open a Bybit account here.
| Quick facts | Bybit |
|---|---|
| Founded | 2018 |
| Type | Crypto exchange (spot, futures, options) |
| Cryptocurrencies | 1,650+ |
| Spot fees | 0.1% maker / 0.1% taker |
| Derivatives fees | 0.02% maker / 0.055% taker |
| Max leverage | Up to ~100x (perpetuals) |
| Copy trading & bots | Yes |
| KYC required | Yes |
| Not available in | US, UK, Canada |
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What is Bybit?
Bybit is a crypto exchange founded in 2018 that lets you buy, sell, and trade crypto across spot, perpetual futures, and options markets. It supports over 1,650 cryptocurrencies and is best known for its derivatives, where it has deep liquidity and tight spreads. Around it sits a full toolkit: copy trading, automated bots, an Earn section, a crypto card, and Web3 features. In plain terms, it is built for people who want to do more than park money in Bitcoin.
Bybit pros and cons
The honest balance sheet. A review with only pros is an advert, so here are both sides.
| Pros | Cons |
|---|---|
| Excellent for derivatives and futures | Not available in the US, UK, or Canada |
| Low trading fees | Withdrawal network fees can be high |
| Strong copy trading and bots | Advanced interface can overwhelm total beginners |
| 1,650+ coins, new listings often | Customer support gets mixed reviews |
| $300M insurance fund, monthly proof-of-reserves | Suffered a major hack in 2025 (covered below) |
Bybit fees explained
Bybit’s trading fees are competitive, especially for derivatives. Spot trades cost 0.1%, while derivatives are cheaper at 0.02% maker and 0.055% taker. The one place to watch is crypto withdrawal network fees, which vary by blockchain and can run higher than some rivals.
| Fee type | Maker | Taker |
|---|---|---|
| Spot | 0.1% | 0.1% |
| Derivatives (futures) | 0.02% | 0.055% |
| Options | 0.02% | 0.03% |
Fees this low matter more than they look. On frequent trades, the gap between a 0.1% exchange and a 0.5% one is the difference between a strategy that works and one that quietly bleeds out.
Key features
- Spot and derivatives. Buy and hold on spot, or trade perpetual futures and options with leverage up to around 100x. The derivatives engine is Bybit’s strongest card.
- Copy trading. Mirror experienced traders automatically. A genuinely useful way for beginners to learn while they earn.
- Trading bots. Built-in grid and DCA bots for hands-off, rules-based trading.
- Earn, Card, and Web3. Passive yield products, a crypto card for spending, and a Web3 wallet for on-chain activity.
Is Bybit safe? The honest answer
Bybit is reasonably safe for active trading, with cold wallet storage, multi-party computation wallets that remove seed phrases, two-factor authentication, monthly proof-of-reserves, and a $300 million insurance fund. It is a legitimate, established exchange, not a scam.
The honest caveat: in February 2025, Bybit was hit by the largest crypto exchange hack on record, with attackers draining an Ethereum cold wallet of roughly $1.5 billion. That is not small. What matters is what happened next: Bybit kept customer assets backed 1:1, covered the gap, and kept withdrawals running. No user lost funds. It was a bad day handled about as well as a bad day can be, and the platform has tightened security since.
The bigger risk to you is the same on every exchange: your own account security and treating an exchange like a long-term vault. Turn on two-factor authentication, and move anything you are holding rather than trading into your own wallet. Not your keys, not your coins.
What about Bybit’s customer support?
This is the most common real complaint, so it deserves an honest mention. Bybit’s app and trading experience review well, but its customer support draws mixed feedback, mostly around account verification checks, occasional withdrawal delays, and slow response times when something goes wrong. Independent reviewers like Coin Bureau rate Bybit highly overall while noting the same support gap. In practice, most users never need support, but if reliable hand-holding is your top priority over features and fees, factor this in. Keeping your own records and using two-factor authentication reduces how often you will ever need to contact them.
Bybit vs Bitget vs WEEX
Bybit is not the only good option. Here is how it stacks up against two strong alternatives we also use.
| Exchange | Best for | Spot fees | Copy trading | Open account |
|---|---|---|---|---|
| Bybit | All-round trading, derivatives | 0.1% | Yes | Sign up |
| Bitget | Copy trading, Nigeria/Africa | 0.1% | Yes | Sign up |
| WEEX | Futures, new-trader bonuses | 0.1% | Yes | Sign up |
If you want the deepest all-round platform, pick Bybit. If copy trading is your main goal, Bitget is a close call. For more on choosing, see our guide to the best crypto exchanges for beginners.
Who should and should not use Bybit
Use Bybit if you want to trade crypto seriously, want low fees and strong derivatives, or want to copy experienced traders while you learn. It is our default for traders.
When Bybit is not for you:
- You live in the US, UK, or Canada. It does not legally operate there, so use a compliant local exchange instead.
- You only ever want to buy and hold and never trade. A simpler app like Coinbase may suit you better, even at higher fees.
- You expect leverage to make you rich fast. Up to 100x is a way to lose money 100x faster, not a cheat code. Start on spot.
How to open a Bybit account
- Sign up on Bybit with your email or phone.
- Complete KYC by verifying your identity with an ID and a selfie.
- Turn on two-factor authentication before you deposit anything.
- Fund your account, start with an amount you can afford to lose, often $100 to $500. In Africa, our crypto P2P guide shows the easy way.
- Begin on spot with BTC or ETH, and learn the platform before touching leverage.
Learning to trade properly matters more than the exchange you pick. Start with our crypto trading for beginners guide, and join the free community for daily ideas and honest help.
Frequently asked questions
Is Bybit safe and legit in 2026?
Yes, Bybit is a legitimate, established exchange with cold storage, MPC wallets, two-factor authentication, monthly proof-of-reserves, and a $300 million insurance fund. It suffered a major hack in early 2025 but kept all customer funds backed 1:1 and let no user lose money. Use two-factor authentication and self-custody for long-term holdings.
What are Bybit’s fees?
Spot trades cost 0.1% for both maker and taker. Derivatives are cheaper at 0.02% maker and 0.055% taker, and options are 0.02% and 0.03%. The main extra cost is crypto withdrawal network fees, which vary by blockchain and can be higher than some competitors.
Is Bybit available in the US, UK, or Canada?
No. Bybit does not operate in the United States, United Kingdom, or Canada due to regulatory restrictions. If you are in those countries, use a locally compliant exchange instead of trying to work around the block.
Can beginners use Bybit?
Yes. Despite its advanced tools, Bybit’s app is clean enough for beginners to buy and trade on spot. Start on spot with BTC or ETH, turn on two-factor authentication, and avoid leverage until you are consistent. Copy trading is also a beginner-friendly way to learn.
Does Bybit require KYC?
Yes. Bybit requires identity verification (KYC) with an ID, and sometimes a selfie, to fully deposit, trade, and withdraw. This is standard for reputable exchanges and helps protect against fraud.
Is Bybit good for copy trading?
Yes, copy trading is one of Bybit’s strengths. You can mirror the positions of experienced traders automatically, which is a useful way to learn while you earn. Follow traders with long, steady track records and only risk what you can afford to lose.
What can you trade on Bybit?
Bybit supports over 1,650 cryptocurrencies across spot, perpetual futures, and options, plus copy trading, bots, Earn products, a crypto card, and Web3. It is built for active traders who want more than simple buy-and-hold.
If you read this far, you already know more about Bybit than the person about to sign up off a 15-second YouTube ad. If you can use it and you want to trade, it earns its 4.3. Open an account, turn on two-factor authentication, start small on spot, and let the platform prove itself with your first few trades. Open a Bybit account here.
Updated June 2026. Crypto trading involves risk, including the loss of your capital. This is education, not financial advice.