About Bybit
Bybit Detailed Review
A comprehensive look at features, fees, security & more
Overview
Bybit is a comprehensive cryptocurrency exchange offering a wide ecosystem of trading products, passive income tools, and institutional services. It caters to both beginners and professional traders through a tiered VIP system and a feature-rich platform.
Trading Products
Bybit offers a full suite of trading options including Spot markets with hundreds of cryptocurrencies, Derivatives, Options, Copy Trading, and a Launchpad for accessing new token listings before they go public.
For Derivatives, Bybit offers two types of Futures contracts — Perpetual and Expiry. With Perpetual contracts, traders can hold long or short positions indefinitely as long as margin requirements are met, while Expiry contracts have fixed settlement dates at which open positions are automatically closed.
For Options, Bybit offers European-style, cash-settled contracts including Calls and Puts, with expiry types ranging from Daily and Weekly all the way to Quarterly contracts.
Bybit P2P allows direct crypto-to-fiat and fiat-to-crypto trades between users with zero transaction fees, supporting over 300 cryptocurrencies, 70 fiat currencies, and 600 payment methods.
Fees
Bybit trading fees vary from one market to another and are adjusted based on a user's VIP level, from VIP0 (regular user) up to PRO-5.
| VIP Level | Maker Fee | Taker Fee |
|---|---|---|
| VIP 0 (Standard) | 0.1000% | 0.1000% |
| VIP 1 | 0.0800% | 0.1000% |
| VIP 3 | 0.0625% | 0.0750% |
| Pre-Market (Standard) | 0.0400% | 0.1000% |
Bybit Earn (Passive Income)
Bybit Earn is a comprehensive platform designed to help crypto investors grow and manage their assets, offering competitive yields and robust security. It includes Easy Earn, On-Chain Earn, and Advanced Earn — products tailored to different experience levels, risk appetites, and investment goals.
On-Chain Earn allows users to stake popular Proof-of-Stake tokens such as Bitcoin, Ethereum, and Solana with just a few clicks — without needing to manage gas fees, node operations, or reward distribution manually.
Security
User funds are stored securely offline in cold wallets, protected through a combination of multi-signature technology, Trusted Execution Environment (TEE), and Threshold Signature Schemes (TSS). Bybit conducts regular Proof of Reserves audits published publicly for transparency.
- Cold Wallet Storage
- Multi-Signature Technology
- Google Authenticator 2FA
- Anti-Phishing Codes
- Passkey Biometric Login
- Fund Password Protection
- HackerOne Partnership
- 24/7 Security Support
KYC & Verification
KYC verification at Standard level is mandatory to access all Bybit products and services. Completing it unlocks Fiat services, Earn products, higher withdrawal limits, and exclusive promotions like Launchpad events.
Bybit only supports physical documents for KYC — e-copies or scanned images are not accepted. Proof of Address must be dated within the last three months, and only one account per person is allowed. Verification typically completes within 30 minutes to 24 hours.
Withdrawals & Limits
Standard verified users can withdraw up to 20,000 USDT equivalent daily and up to 100,000 USDT equivalent per month. VIP users are entitled to higher limits — set at $1M for Standard KYC and $2M for Advanced KYC by default.
Bonuses cannot be withdrawn directly — only profits earned from trading with bonuses can be. Withdrawals are processed from the Funding Account and must meet minimum threshold requirements.
Copy Trading
Bybit Copy Trading lets beginners sync their trades with experienced Master Traders, with followers only contributing 10% of their profits to Master Traders as commission. Past performance is not a guarantee of future returns, and ROI may vary due to slippage.
⭐ Overall Verdict
Bybit stands out as a mature, feature-rich exchange with competitive fees, a strong security infrastructure, diverse trading instruments, and solid passive income options. It is well-suited for both newcomers and experienced traders — provided they are not in a restricted jurisdiction and complete the required KYC verification.
How to Register
Go to bybit.com, click Sign Up, enter your email or phone number, create a password, and verify with the code sent to you. Enter a referral code at this step to unlock welcome bonuses
Requirements
- KYC verification is required in order to claim rewards. At least Standard Individual Verification is mandatory. Only individual KYC is accepted — Business KYC is not.
Tips to Maximize Benefits
- For any deposit over $100, using a crypto transfer via BEP-20 is the most cost-efficient method — it costs a flat $1 USDT fee regardless of the amount sent, and transactions typically confirm in 5–30 seconds. Also, SEPA transfers within the EU are one of the cheapest ways to fund the platform for eurozone users, rivalling crypto transfers in total cost.
Restrictions & Limitations
- Bybit maintains a strict list of 16 excluded areas to remain compliant with global laws. The US is explicitly listed as an excluded jurisdiction. Also, restrictions are determined based on the trader's nationality, not their current place of residence.
Withdrawal Requirements
- To make a withdrawal, the amount must meet the minimum withdrawal threshold, and you can only withdraw from your Funding Account. Bonuses cannot be withdrawn — only profits earned from trading with bonuses can be. Withdrawal limits are applied based on your KYC level and VIP status, and additional verification may be requested even before reaching the limit due to risk control — this review can take up to 2 working days.
Quick Facts
Website
partner.bybit.com/b/152900Type
referral code
Verification Time
30 minutes to 24 hours
Payment Methods
Popularity Score: 0/100
Terms & Conditions
For new users only. Complete KYC verification and make first deposit to receive bonus.
Last verified: 3/31/2026