Bybit Review 2025

Highlights of Bybit

Crypto exchange typeCEX

Trading Assets

Cryptocurrency Futures Options

Spot feesMaker / Taker0.1% / 0.18%

Futures feesMaker / Taker0.036% / 0.1%

4.7/5

More DetailsRegisterTrading cryptocurrencies carries high risks. You may lose all invested funds

About Bybit

Founded in 2018

Countries of registration:

Regulators:

VARANBGAFSAFMA

4.7/5

More Details

RegisterTrading cryptocurrencies carries high risks. You may lose all invested funds

Crypto exchange typeCEX

Trading Assets

Cryptocurrency Futures Options

Spot feesMaker / Taker0.1% / 0.18%

Futures feesMaker / Taker0.036% / 0.1%

Countries of registration:

Regulators:

VARANBGAFSAFMA

ByBit is a renowned cryptocurrency exchange specializing in derivatives and spot asset trading. Founded in 2018, the platform quickly earned the trust of traders thanks to its intuitive interface, high security standards, and a broad selection of instruments including futures, options, and margin trading.

Bybit is known for its low fees, rapid order execution, and advanced features such as trading bots, copy trading, and a Launchpad for new project listings. This appeal makes it attractive both to experienced traders and to novice investors seeking efficient market execution.

Pros and Cons of Bybit

Bybit Reviews

4.8 out of 5

Based on 5 reviews

What traders write about in reviews of Bybit?

All TopicsOrder Execution (1)Trading Accounts and Conditions (1)Security and Privacy (1)Support Service (1)Spread and Commission (1)Trading Platform (1)

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4.8 из 5

На основе 5 отзывов

О чем пишут трейдеры в отзывах о Bybit?

All TopicsOrder Execution (1)Trading Accounts and Conditions (1)Security and Privacy (1)Support Service (1)Spread and Commission (1)Trading Platform (1)

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Emily Canada

Перенаправлен с сайта BybitПриглашенПроверен"Lightning-Fast Matching Engine"Bybit’s trade execution is incredibly fast — I rarely see slippage, and orders go through almost instantly. It’s a lifesaver during volatile markets.

Order Execution

30 июля 2025 г.

JL

Jason L. United States

Перенаправлен с сайта BybitПриглашенПроверен"Wide Range of Trading Options"I appreciate how Bybit gives access to so many instruments—spot, futures, perpetual contracts, copy‑trading, even NFTs—all in one platform.

Trading Accounts and Conditions

5 июля 2025 г.

S

Sophia Germany

Перенаправлен с сайта BybitПриглашенПроверен"Exceptional Security and Recovery"I was impressed when Bybit recovered all user funds within 72 hours after the hack. Their Proof‑of‑Reserves transparency also gives me confidence my assets are safe.

Security and Privacy

15 июня 2025 г.

A

Ana Spain

Перенаправлен с сайта BybitПриглашенПроверен"Responsive Customer Support"I had a question about derivatives, and the 24/7 live chat answered me clearly and promptly. It’s comforting to know help is always available.

Support Service

1 июня 2025 г.

L

Liam United Kingdom

Перенаправлен с сайта BybitПриглашенПроверен"Low Fees and User-Friendly Experience"Trading on Bybit is cost‑effective. Fees are low for both spot and derivatives trading, and the platform is intuitive to use—even for someone relatively new to crypto.

Spread and CommissionTrading Platform

20 мая 2025 г.

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Bybit Exchange Overview

Bybit was founded in 2018 by Ben Zhou, who previously held leadership positions in the fintech sector. Initially based in Singapore, the company focused on the trading of cryptocurrency derivatives, particularly perpetual contracts and futures. Thanks to its innovative technology platform and user-friendly interface, Bybit rapidly gained popularity among traders—first in Asia and later in Europe—eventually becoming one of the leading players in the crypto derivatives market with a daily trading volume exceeding $10 billion.

Today, Bybit is actively developing its own ecosystem, #TheCryptoArk, offering not only derivative and spot asset trading but also staking, crypto lending, and a platform for launching new crypto projects — Bybit Launchpad. The company is expanding its geographical presence by opening offices worldwide and emphasizing transparency and security in its operations. Despite the regulatory challenges faced by the crypto industry as a whole, Bybit adheres to strict compliance policies, maintaining its reputation as a reliable and innovative platform.

Bybit Review Summary

Please note that when preparing this review of the Bybit crypto exchange, we followed our own broker evaluation methodology. This enables us to objectively and thoroughly analyze each platform based on strict criteria, providing you with the most precise information.

If you wish to gain a deeper understanding of the capabilities and features of the Bybit exchange, we invite you to continue reading this review.

Bybit demonstrates a high level of reliability by holding licenses from reputable regulators: VARA (UAE), the National Bank of Georgia, the AFSA (Kazakhstan), as well as a MiCAR license ensuring legal operations within the European Economic Area. Registration with India’s Financial Intelligence Unit further confirms the company’s commitment to international regulatory standards. However, a recent major hack (February 2025), in which significant user funds were stolen, prevents a perfect score as it highlights existing vulnerabilities and associated risks.

Licensing and Jurisdiction

Legal Entity	Regulator
Bybit Fintech FZE (Bybit) Bybit Fintech FZE (Bybit)	VARA VARA
Bybit Georgia Limited Bybit Georgia Limited	NBG NBG
Bybit Limited Bybit Limited	AFSA AFSA
Bybit EU GmbH Bybit EU GmbH	FMA FMA

Bybit is a licensed and regulated crypto exchange, with its companies officially registered in multiple jurisdictions. The head office is located in Dubai (UAE), where the exchange is regulated by the Dubai Virtual Asset Regulatory Authority (VARA). Additionally, Bybit has obtained licenses from the National Bank of Georgia and the AFSA in Kazakhstan, broadening its regulated presence in the CIS markets.

In 2025, Bybit significantly strengthened its position in Europe and Asia: its subsidiary, Bybit EU GmbH, received a MiCAR license, allowing it to provide regulated crypto services in all 29 countries of the European Economic Area, and opened an office in Vienna. The exchange is also registered with India’s Financial Intelligence Unit (FIU), underscoring its commitment to strict regulatory compliance in one of the world's largest crypto markets.

Regulatory Risks

Despite holding a license in the UAE, the cryptocurrency industry remains exposed to significant regulatory risks. Bybit periodically faces restrictions and warnings from authorities in various countries (for example, the prohibition of services for U.S. residents). Therefore, users should closely monitor legislative changes in their jurisdictions to avoid potential legal and financial repercussions.

Asset Security

Until recently, Bybit was renowned for its reliability and the absence of major incidents. However, on February 21, 2025, the exchange fell victim to the largest crypto hack in history: attackers gained access to an Ethereum cold wallet and stole approximately 400,000 ETH, equivalent to roughly $1.4–1.5 billion.

As a result of the attack, the perpetrators inserted malicious JavaScript code into the user interface of the Safe{Wallet} used by Bybit. This manipulation tricked signatories into approving altered transactions at the moment of signing. According to blockchain analyst ZachXBT, the hack was carried out by the North Korea-supported Lazarus Group, notorious for its attacks on crypto exchanges.

Following the incident, Bybit announced a replenishment of its reserves, securing emergency funding in ETH and stabilizing its solvency within 72 hours. The exchange resumed operations and launched a bounty program to help recover the stolen assets.

Despite implementing robust multi-layered security measures—including cold wallets, 2FA, and DDoS protection—this incident underscored the importance of reinforcing security protocols when handling multisig wallets: ensuring interface integrity, verifying signatures, using isolated devices for transaction signing, and conducting independent third-party audits.

The registration process on Bybit is characterized by its simplicity, convenience, and minimal time requirement. Users are offered flexible options for creating an account via email, phone, or authentication through Google and Apple. Identity verification (KYC) is organized in an exceptionally user-friendly manner and generally completes within 24 hours.

The Bonus Center enhances the appeal of the account opening process, as new clients receive additional rewards for their initial deposits and platform activity. Thus, Bybit is ideal for both novice and seasoned traders who value convenience and speed.

Registration

The registration process on the Bybit platform is very straightforward and takes only a few minutes. Simply provide your email or phone number, create a secure password, and confirm your registration using the code sent to you. Fast authentication via Google, Apple, or Telegram is also available.

KYC

To access all features of Bybit and increase withdrawal limits, users must complete the verification (KYC) process. This requires uploading identification documents (passport or ID card) along with a selfie.

To begin verification, navigate from the top menu to the "Account and Security" page. Next to the "Identity Verification (KYC)" section, click the "Verify Now" button. The "Identity Verification (KYC)" page will then open.

Click "Verify Now" and follow the instructions that follow. Document verification may take up to 48 hours.

Rewards Hub

Bybit actively rewards new users by offering bonuses and promotions. The Bonus Center on the platform features welcome bonuses for the first deposit, rewards for completing trading tasks, trading fee discounts, and regular contests with valuable prizes. To take advantage of these special offers, use the ByBit referral code.

Bybit offers an exceptional range of accounts and instruments tailored to meet the needs of traders at every level. From traditional spot trading and derivatives to pre-market trading, copy trading, and passive income options via ByBit Earn, the platform effectively caters to both beginners and professionals.

Notably, the platform features innovative solutions such as TradeGPT and trading bots, as well as specialized accounts for Islamic traders. This wide array of options makes Bybit a versatile platform suitable for nearly any trading strategy and investment objective.

Spot Trading

Spot trading on Bybit allows users to buy and sell cryptocurrencies at prevailing market prices. Trades are executed instantly, granting the trader direct ownership of the acquired asset. With over 300 cryptocurrency pairs available, trading operates around the clock featuring low fees and high liquidity.

Futures

Bybit futures include both perpetual and quarterly cryptocurrency contracts, enabling speculation on rising or falling asset prices with leverage up to x100. The exchange offers an extensive range of risk management tools—from stop-loss orders to advanced order types—as well as excellent liquidity and fast execution.

Options

Options on Bybit give traders the right (but not the obligation) to buy or sell the underlying asset at a predetermined price before a set expiration date. This facilitates effective risk hedging and the deployment of more sophisticated trading strategies, ideal for experienced investors.

TradFi

The TradFi (Traditional Finance) account integrates conventional financial instruments such as forex pairs and CFDs on stocks, indices, and commodities. This enables investors to diversify their portfolios and manage risks by combining both classic and digital assets on one platform.

Spot X

Spot X by Bybit is a dedicated section of the platform providing access to exclusive events and products such as Launchpool, Token Splash, Puzzle Hunt, and ByVotes. Here, traders can participate in promotions, token giveaways, and voting for new listings, earning unique bonuses and early access to promising assets. Spot X is ideal for those looking to maximize market opportunities through exclusive platform events.

Spread Trading

Spread trading on Bybit allows traders to simultaneously open two opposing positions (legs) using various combinations of instruments—spot pairs, perpetual, and fixed-term contracts with different expiry dates. This strategy enables traders to profit not from the absolute price movement of an asset, but from the difference (spread) between the prices of the two legs.

Buying a spread means purchasing the far leg and selling the near leg, while selling a spread is the reverse. Profit is realized based on changes in the spread: if you buy the spread, you'll profit when it widens; if you sell, when it narrows. Bybit supports four types of spread trading: futures-to-futures, futures-to-perpetual, futures-to-spot, and perpetual-to-spot.

Thus, this trading option is ideal for traders aiming to mitigate risk by focusing on relative price movements rather than absolute market values.

Pre-market Trading

Pre-market trading of perpetual contracts on Bybit offers traders a unique opportunity to access new tokens before they officially list. Executed through an OTC mechanism, this process allows positions in perpetual contracts to be opened in advance—an invaluable feature during periods of high volatility at an asset’s launch. It provides the chance to enter the market at a more favorable price and secure a position in promising assets early on.

The pre-market trading process comprises four stages:

1. Preliminary announcement of the new contract listing,

2. Call auction (where the opening price is determined),

3. Continuous auction,

4. Transition to standard perpetual contracts after listing.

Within the call auction, there are sub-stages featuring gradual price refinement and safeguards against market manipulation. Participants may speculate or hedge their positions—for instance, using pre-market futures to cover spot trade risks. This functionality benefits both experienced traders and token sale participants looking to lock in their profits early.

Demo Trading

The demo account allows traders to test the platform, explore its functions, and practice strategies without risking real funds. Bybit provides a virtual deposit along with a full suite of tools identical to those available on the live account.

Islamic Account

The Islamic (swap-free) account on Bybit complies with Sharia guidelines: no interest accrues and swaps are eliminated. This permits Muslim traders to engage in cryptocurrency trading without violating religious principles.

Copy Trading

The copy trading feature automatically replicates the trades of successful traders. This allows beginners to profit without dedicating time to independent analysis, while expert traders earn extra commissions by allowing others to mirror their strategies.

Trading Bot

Bybit's trading bots are automated algorithms executing trades based on preset parameters and strategies. Users can choose from pre-designed strategies or create their own bots, facilitating efficient trading without continuous manual intervention.

TradeGPT

TradeGPT is an innovative tool that utilizes artificial intelligence (AI) and machine learning to generate trading recommendations, analyze market trends, and forecast price movements. This tool assists traders in making more informed decisions, thereby enhancing their trading efficiency.

P2P Trading

Bybit's P2P platform allows users to exchange cryptocurrencies directly with one another without intermediaries or additional fees. The exchange ensures the security of transactions and acts as an arbitrator in disputes, thereby protecting both parties.

ByBit Earn

ByBit Earn is a platform for passive income that offers traders a range of investment instruments designed to generate stable returns on crypto assets. It features flexible and term-based savings accounts with fixed interest rates, on-chain decentralized investments through Onchain Earn, and opportunities to earn commissions from liquidity pool participation. Traders can also utilize dual-currency investments to profit from the volatility of crypto pairs, engage with Double Win products featuring automatic risk hedging, and take advantage of special discounted offers. With such a diverse product lineup, every investor can find an optimal strategy tailored to their goals and risk tolerance.

Crypto Loans

The crypto loans service allows users to obtain a loan secured by their cryptocurrency holdings. This enables traders to maintain their positions while simultaneously accessing additional liquidity for new trades or personal needs.

Bybit Pay Crypto Card

The Bybit Pay crypto card allows you to make cryptocurrency payments anywhere in the world with up to a 10% cashback on every purchase. The card automatically converts crypto assets to the local currency at the current exchange rate at the moment of payment, streamlining everyday transactions.

Bybit offers competitive and transparent fees that are generally average within the market, with a noticeable advantage for high-volume and professional traders. Spot trading fees adhere to industry standards, while futures fees are slightly above average—but decrease significantly at higher VIP tiers, often ranking among the lowest on major exchanges. Option fees are inherently attractive and may decrease to as low as zero as a user's status improves.

Thus, Bybit is particularly beneficial for active and professional traders, although novice users should note that base derivative fees are somewhat higher compared to some competing platforms.

Spot Trading Fees

Bybit’s standard spot trading fees for regular users are 0.10% for makers and 0.18% for takers. This is in line with industry norms; for example, Binance charges a base rate of 0.1% for both sides, while CoinEx charges around 0.2%.

Bybit utilizes a VIP tier system: the higher your tier, the lower your fees. For highly active traders, the effective rate can drop significantly, resulting in notable cost savings per trade.

Futures Trading Fees

For perpetual and fixed-term contracts, Bybit’s base fees are 0.036% for makers and 0.100% for takers. Although these rates are higher than those offered by exchanges like Binance (0.02% maker and 0.05% taker), VIP tier benefits significantly reduce fees – down to 0% for makers and 0.015% for takers. Thus, for high-volume traders, the conditions become extremely attractive and among the best in the market.

Options Trading Fees

Bybit's base fee for options is 0.020% for makers and 0.030% for takers. These relatively low rates compared to other platforms make the exchange especially attractive for traders utilizing option strategies. The VIP program further reduces costs in the options market.

Deposit Fees

Cryptocurrency deposits on Bybit are completely free—there is no exchange fee, and the user only pays the network (blockchain) fee. Internal transfers between Bybit accounts are also free. Fiat deposits through third-party providers (e.g., MoonPay, Banxa) may incur a fee of approximately 1–3%, charged by the provider.

Withdrawal Fees

Withdrawals of cryptocurrencies are subject to a fixed fee that depends on the coin and the network used. For example, withdrawing BTC costs around 0.0005 BTC. Internal transfers between Bybit accounts are free. Fiat withdrawals are subject to provider tariffs (typically 0.1–1% or fixed amounts).

Bybit offers convenient and diverse deposit and withdrawal methods that effectively serve users worldwide. Both cryptocurrencies and fiat currencies are supported, with fees remaining competitive or below industry averages. Transaction speeds are generally high, and the processes are intuitive.

Depositing Cryptocurrencies

To deposit cryptocurrency on Bybit, access your account dashboard, select the desired coin and network, and the exchange will provide a deposit address. Then, transfer your assets from an external wallet or another platform. Funds will be credited after the required number of network confirmations (typically ranging from a few minutes to an hour). Bybit does not charge a deposit fee; the user pays only the network fee to the miners.

Fiat Funding

Bybit supports fiat deposits through several methods:

• Bank cards (Visa, Mastercard). Instant deposits with a fee of 1–3%, depending on the country and payment partner.

• Bank transfers. In certain regions, transfers via bank accounts and popular payment systems (SEPA, SWIFT) are available.

• P2P platform. Direct exchange of fiat for crypto assets with other users. Hundreds of payment methods are available, with no fee from Bybit, and exchange rates are determined by the participants.

Withdrawing Cryptocurrencies

To withdraw cryptocurrency, specify the recipient address, amount, and choose the transfer network. The fee for withdrawals is set by Bybit and depends on the network (for example, around 0.0005 BTC for Bitcoin or 0.005 ETH for Ethereum). Internal transfers between Bybit accounts are free. Withdrawal speed varies from a few minutes to an hour depending on network congestion.

Withdrawing Fiat

Fiat withdrawals are available via bank cards, bank transfers, and the P2P platform. Typically, fees are around 1–2% for bank cards and 0.1–1% for bank transfers (depending on the currency and region). Processing times range from a few minutes (cards) to 1-2 business days (bank transfers).

Limits

Bybit sets high withdrawal limits for verified users, allowing large transactions to be processed freely. Limits depend on the KYC level: the higher the verification, the greater the amount that can be withdrawn. In contrast, cryptocurrency deposits are limited solely by the network capacity, without internal caps. Unverified users face significant limitations, and withdrawals may be minimal or unavailable.

A wide range of products and markets is one of the key advantages of the Bybit exchange. It is not just a trading platform, but a comprehensive ecosystem featuring advanced trading tools, investment options, passive income opportunities, and innovative services based on cryptocurrencies and blockchain technology.

Main Markets and Services on Bybit

Supported Cryptocurrencies

Bybit supports trading a wide variety of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), XRP, Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Litecoin (LTC), and many other tokens and altcoins. The platform continuously expands its list of available assets, adding popular and promising cryptocurrencies promptly. It also supports major blockchain networks including ERC-20, BEP-20, TRC-20, and other token standards, ensuring convenience and flexibility in managing digital assets.

Bybit offers a comprehensive suite of platforms and solutions catering to the needs of all types of traders—from beginners to professional market participants. Options include a robust web interface, mobile apps, external platform integrations, and advanced API connectivity.

Web Platform

The primary means of accessing trading on Bybit is via its user-friendly and feature-rich web interface found on the official website. The platform offers detailed TradingView charts, an order book, trade history, various order types—including limit, market, and stop orders—and advanced risk management tools. The interface is fully responsive and available in both dark and light themes.

Mobile Applications

Bybit mobile applications are available free of charge for iOS and Android devices through the App Store and Google Play. Their functionality closely mirrors that of the web version—encompassing trading, order management, deposits and withdrawals, promotional participation, and access to analytics. The apps are designed with a simple, intuitive interface, support biometric authentication (Face ID, fingerprint), and send timely notifications for trades and market updates. Their speed and stability make them ideal for trading on the go.

MetaTrader 5

Bybit is integrated with the popular MetaTrader 5 (MT5) trading platform, enabling traders to utilize its familiar interface along with powerful analytical tools, built-in indicators, expert advisors, and automated trading strategies. This integration offers added flexibility for professional traders as well as those accustomed to classic trading terminals.

TradingView

Bybit is integrated with TradingView, enabling traders to execute trades and place orders directly from TradingView charts while using its powerful analytical tools and technical indicators. This integration is especially convenient for active traders and analysts who prefer conducting technical analysis on TradingView.

API and External Platforms

Bybit offers open and reliable APIs (REST API and WebSocket API) for direct interaction with the exchange. Users can build their own algorithms, trading bots, and automate their strategies. These APIs provide real-time data, trade history, order management, portfolio tracking, and balance updates. Integration with third-party platforms and trading terminals (such as 3Commas, QuantConnect, and Altrady) further expands the capabilities for professional and algorithmic trading.

Bybit provides a powerful suite of analytical tools to help traders make informed trading and investment decisions. The platform features professional-grade charts, in-depth research materials, educational resources, and up-to-date news—making it an ideal hub for both market analysis and learning.

Charts and Technical Analysis

Bybit integrates TradingView charts directly into its platform, allowing traders to perform technical analysis within the trading terminal. With over a hundred technical indicators and drawing tools available—such as trend lines, Fibonacci levels, MACD, RSI, and Bollinger Bands—as well as multiple timeframes ranging from 1 minute to 1 month, the platform enables rapid assessment of market sentiment and order book depth.

Bybit Learn

The Bybit Learn educational platform offers a comprehensive ecosystem of knowledge on cryptocurrencies and trading. Here, traders and investors at all levels can find valuable materials, market analysis, and instructional articles designed to enhance their skills.

Blog and News

The Bybit blog regularly publishes news about the cryptocurrency market, announcements on new listings, promotions, and platform events. Additionally, it features analytical articles and monthly market reviews that help traders stay informed about key trends.

Research

The Bybit analytics team regularly releases detailed research reports on the crypto market and individual coins. These reports cover fundamental project analysis, technical aspects, token economics, and the competitive landscape—providing crucial insights for investors in emerging assets.

Crypto Insights

The Crypto Insights section offers up-to-date analytical materials and data that help traders better understand current market conditions and forecast future trends, including market reviews, sentiment indicators, and trend reports.

Bybit places great emphasis on user education. The platform provides high-quality educational materials, robust customer support, and regularly conducts webinars and masterclasses—helping traders of all skill levels to enhance their competencies. In this way, Bybit is not just an exchange but a comprehensive center for learning and skill development in crypto trading.

Bybit Learn

Bybit Learn is the company’s flagship educational project and a free resource available to all users. It offers a wealth of articles, detailed guides, and learning materials covering topics ranging from blockchain and cryptocurrency fundamentals to advanced trading strategies, technical analysis, and risk management—all prepared by platform experts and regularly updated in line with market trends.

Help Center

The Bybit Help Center contains an extensive knowledge base that covers all practical aspects of using the platform. Users will find step-by-step instructions with detailed screenshots on how to register, complete KYC, deposit and withdraw funds, set up account security, and utilize the platform's trading tools. This section is an indispensable resource, particularly for newcomers.

Video Tutorials and Webinars

Bybit actively develops its own channels on YouTube and other platforms, regularly publishing educational videos and webinars. These resources cover topics such as the basics of crypto trading, derivatives strategies, product reviews, and market analysis. Webinars, led by experienced Bybit analysts and traders, include live Q&A sessions and case studies, and the recordings are freely accessible for on-demand learning.

Bybit’s customer support demonstrates a high level of responsiveness and expertise, particularly when compared with many competitors. Routine and moderately complex issues are resolved quickly and efficiently, although intricate or unusual cases may take longer. Support is available 24/7 and shows a solid understanding of the unique aspects of the crypto market.

Word of Advice: make full use of Bybit’s knowledge base and automated tools (for password resets, order cancellations, etc.). When contacting support, be concise and precise in describing the issue and attach relevant screenshots to expedite resolution.

Support Channels

Bybit provides several ways to contact customer support:

• Online Chat: The primary channel available 24/7 via the website and mobile app. Initially, a chatbot offers relevant knowledge base articles, but you can be connected to a live operator if needed.

• Email: You can send a detailed email describing your issue, along with any necessary documents or screenshots. This method is suitable for complex issues that require thorough investigation.

• Social Media: Bybit actively responds to user inquiries on its official social media accounts, such as Twitter (X) and Telegram. Exercise caution and do not respond to messages from unknown accounts to avoid scams.

Response Time

In most cases, the initial response from Bybit’s support team is received within minutes via online chat. Email responses usually arrive within a few hours, sometimes up to 24 hours depending on the complexity of the query. During periods of high volatility or widespread issues, response times might be longer, but overall, Bybit’s response time is competitive by industry standards.

Support Competence

Bybit’s support staff exhibit a high degree of competence on typical issues related to account management, deposit, withdrawal, and platform usage. They effectively resolve most standard problems by providing clear instructions and recommendations. In complex scenarios, queries may be escalated to specialized departments, which can extend resolution times. Although some users have noted the need for clarifications or formal responses, overall, the support competence at Bybit is considered quite high.

Conclusion

Bybit is a reliable and functional crypto exchange, primarily tailored for active traders and professionals seeking a wide array of trading instruments, high liquidity, and a developed analytics and automated trading infrastructure. The exchange superbly meets the needs of traders working with derivatives, options, and advanced investment products. Beginners may require some time to master the platform's features; however, thanks to the high-quality educational platform, this should not pose significant challenges.

FAQ

What is Bybit?

Bybit is a popular cryptocurrency exchange that provides access to spot trading, crypto derivatives (futures, options), investment products, and other digital assets.

Is Bybit safe?

Yes, Bybit is considered a safe exchange, regulated in the EU, UAE, and other regions. It employs cold wallets, two-factor authentication, and advanced security measures.

How does Bybit work?

Bybit allows traders to buy, sell, and exchange cryptocurrencies, trade perpetual and fixed-term contracts, utilize options, invest, and earn passive income on digital assets.

How do you use Bybit?

Register an account, complete the KYC process, deposit funds, select a trading instrument, and start trading using the user-friendly web platform or mobile app.

How do I open an account on Bybit?

Visit the Bybit website, click 'Register', provide your email or phone number, set a password, confirm your registration, and complete KYC if required.

How do I deposit funds on Bybit?

Go to the 'Deposit' section, select the cryptocurrency and the corresponding network, copy the wallet address, and send funds from an external wallet—or deposit fiat via card or the P2P system.

How do I trade on Bybit?

Select a trading pair or contract, choose the order type (market, limit, or stop order), specify the amount, and confirm the trade via the platform’s terminal.

How do I sell cryptocurrency on Bybit?

Navigate to the spot market, choose the appropriate cryptocurrency pair, set a limit or market sell order, and confirm the transaction.

How do I withdraw money from Bybit?

Go to the 'Withdrawal' section, select the asset and network, provide the external wallet address or bank details, and confirm the transaction with your security code.

How do I delete my Bybit account?

Contact Bybit support via online chat or email and request account deletion. Make sure to withdraw all your funds from the platform beforehand.