Bybit Review: A Deep Dive into This Exchange in 2025

Discover Bybit Exchange: Unveiling features, fees, and why it stands out in the crypto exchange landscape!

Introduction

The crypto landscape has evolved from a chaotic frontier to a mature market teeming with opportunities. Among the standout exchanges, Bybit—founded in 2018—has transitioned from newcomer to heavyweight in the realm of crypto derivatives. With over 60 million registered users and a trading volume surpassing $36 billion, Bybit has become a central hub for those seeking reliable tools, competitive costs, and feature-rich trading.

Bybit offers a diverse range of trading functionalities. Whether you're keen on high-leverage perpetual contracts (up to 100x), prefer straightforward spot trades, or are exploring USDC options, the platform caters to every risk profile. The fee structure is appealing as well, with spot trading starting at just 0.10% for both makers and takers. High-volume traders can unlock lower fees through tiered VIP levels based on trading activity and wallet size. With its intuitive interface and strong security posture, Bybit welcomes both retail newcomers and institutional professionals.

But a complete assessment goes beyond just the perks. In this review, we pit Bybit against prominent names like Binance and Coinbase. Whether you’re venturing into crypto for the first time or are an experienced trader comparing platforms, this breakdown delivers a clear perspective to inform your next move.

Key Takeaways

• Affordable Trading Fees: Bybit keeps it lean with 0.10% flat fees for spot market participants. Traders can access better rates through the VIP program based on trading activity and wallet value.

• Robust Asset Protection: The platform boasts an impeccable security history, with monthly proof-of-reserves audits verifying 1:1 backing of user assets.

• Versatile Trading Tools: Whether it's automated bots or copy trading, Bybit’s arsenal includes Grid bots, DCA strategies, and custom futures bots via Aurora AI.

• Zero-Cost P2P: Buying or selling crypto via peer-to-peer trading incurs no platform fees, aside from those charged by the payment processor.

• No Fees on Internal Transactions: Depositing crypto or moving funds within Bybit’s system won’t cost you anything. External purchase-related charges are dictated by service providers.

Feature	Bybit Details
Trading Costs	0.10% for makers and takers
Security Infrastructure	Audited reserves; full 1:1 backing
Trading Automation	Includes Grid, DCA, and Aurora-powered futures bots
P2P Fees	Free for buyers and sellers
Deposit & Transfers	No platform charges for crypto deposits or internal transfers

To see how Bybit compares side-by-side with other leaders in the crypto space, don’t miss our reviews on Binance and Coinbase.

Inside Bybit’s Trading Arsenal: Markets & Features

Whether you’re dipping your toes or diving deep, Bybit serves up a suite of trading opportunities:

• Perpetual Futures: Trade without expiry using leverage up to 100x for amplified exposure.

• Spot Trades: Instantly buy or sell a wide variety of tokens at current market prices.

• Options (USDC): Set up complex positions with USD Coin-backed options; fees vary based on user level.

Serving users in 160+ countries, Bybit attracts retail and institutional players alike with its range of markets and generous leverage offerings.

Interface & Mobile Accessibility

Bybit gets high marks for usability. Its interface strikes a balance between functionality and simplicity, offering:

• Clean Dashboard: Even beginners can easily navigate between market pairs, portfolios, and order execution.

• Advanced Charting: In-depth tools for technical analysis are ideal for traders who lean on strategy.

• Mobile Integration: Available on iOS and Android, the app mirrors the desktop experience, letting users manage their accounts and execute trades on the fly.

With a few taps, your portfolio—and the crypto market—is right in your pocket.

Fee Tiers, Trading Limits, and Market Depth

Here’s how Bybit’s dynamic pricing model is structured:

Trader Level	Maker Fee	Taker Fee
VIP 0	0.10%	0.10%
Pro 1	0.09%	0.10%
Pro 6	0.02%	0.06%

• Liquidation & Margin Fees: Margin loans, options trades, and leveraged positions may incur additional costs.

• Trade Thresholds: Based on the currency pair and user’s KYC tier.

• Liquidity Metrics: With $36 billion+ in traded volume, Bybit offers deep liquidity across its core markets.

Compared to players like Binance or Coinbase, Bybit stands out with straightforward pricing and high trade volumes.

Weighing Pros and Drawbacks

Benefits

• Economical Fees: P2P and spot trades keep costs impressively low.

• Security Excellence: Certified as AA-grade, Bybit’s security protocols include multi-sig and cold storage.

• Flexible Protection: Customizable two-factor authentication adds an extra security layer.

• Volume-Based Discounts: The more you trade or hold, the more you save via the tiered VIP system.

Limitations

• Regulatory Tensions: Restrictions exist in Canada, the U.S., Japan, India, and the UK, limiting availability.

• Regional Exclusion: Many countries have limited or no access due to compliance concerns.

Legal Standing and Geographic Reach

Bybit walks a tightrope when it comes to global compliance. Various countries have imposed restrictions that limit or block access.

Country	Compliance Status	Impact on Access
Canada	Regulatory Actions	Service limitations
India	Regulatory Oversight	Restricted participation
Japan	Licensing Challenges	Operations curtailed
United Kingdom	FCA Concerns	Features limited
United States	Regulatory Noncompliance	Bybit.US not yet available

Face-Off: Bybit vs Binance, Kraken, and Coinbase

Category	Bybit	Binance	Kraken	Coinbase
Fee Structure	Tiered, P2P-free	Tiered, discounted	Moderate, varied	Flat, premium
Security Level	Certified AA, 2FA options	Comprehensive	Transparent	SEC-compliant
Country Coverage	Limited by regulation	Broad, with limits	Global with minor gaps	Widely available
Interface Design	Modular, user-focused	Advanced	Sleek, effective	Very beginner-friendly
Legal Actions	Significant	Notable but contained	Minimal	Minimal

Fast Facts

• User Base: 60 million+ users globally

• Trading Volume: Over $36 billion handled to date

• Launch Year: 2018

• Exchange Type: Centralized

• Key Capabilities: Spot, futures, options, leverage trading

• Interface: Intuitive design with full mobile support

• Liquidity: Deep across key crypto pairs

• Tech Tools: API support, trading bots, customizable dashboards

Fee Structure Breakdown

Tier	Requirements	Spot Fee (Taker)	Derivatives Fee (Taker)
VIP 0	No minimums	0.1000%	0.0550%
VIP 1	$250K balance / $10M in trades	Varies	Varies
VIP 3	$6M in spot volume over 30 days	Varies	Varies

Conclusion

Bybit delivers a full-service experience for crypto enthusiasts. From multisig protection and cold wallet architecture to real-time monitoring and advanced trading features, it's built with safety and performance in mind. The flexible 2FA and regularly audited reserves further build user trust.

With tools like automated bots, tier-based fee reductions, and a mobile-ready layout, Bybit serves casual users and full-time traders alike. Though regulatory barriers remain, its strong security and trading depth make it a compelling choice. Want more? Browse our comparison hub for detailed breakdowns of Binance and Coinbase.

FAQ

How are trading fees calculated?

Fees depend on VIP status, determined by account holdings or 30-day trading volume.

Can fees change?

Yes. Bybit reserves the right to update its fee model at any time. Users are notified in advance via platform alerts or emails.

Is Bybit safe?

Yes. The platform has never experienced a major breach, and it maintains an AA security rating, cold storage protocols, and multi-signature wallet protection.

How does it compare to Binance, Kraken, or Coinbase?

Bybit holds its own in terms of fees, security, and supported assets. While it faces more regulatory pressure, it competes strongly with major players in features and technology.

Where is Bybit available?

Bybit operates in 160+ countries, though local laws may restrict access in certain regions.