Disclaimer: This article is for information only and is not financial advice.
Quick Support & Sign‑Up (Affiliate)
If you find this guide useful and wish to support our work, you can register for Bybit via our affiliate link and referral code:
👉 Register on Bybit (Affiliate)
Referral code: 44284
Note: Availability varies by country, and certain jurisdictions are restricted. Always confirm local eligibility before registering.
TL;DR
- Who it’s for: Active spot and derivatives traders who want deep liquidity, low fees, and pro tools (bots, copy trading, options).
- Key facts: Founded in 2018; HQ in Dubai; publicly reported user base around tens of millions.
- Fees (VIP 0): Spot 0.10%/0.10%, Perps/Futures 0.055%/0.020%, Options 0.03%/0.02% (taker/maker).
- Licensing snapshot:
- EU: MiCAR registration in Austria (Bybit EU GmbH) for spot; bybit.eu is available for eligible EU users. Derivatives in the EU require separate permissions (MiFID II).
- UAE: Provisional/non‑operational status under Dubai VARA and an in‑principle approval from the UAE SCA.
- Security: 1:1 Proof‑of‑Reserves with Merkle‑tree attestations reported. Note: a large ETH theft was reported; Bybit stated it would reimburse affected users.
- Availability: Not available in several jurisdictions, including the U.S., U.K., Canada, Singapore, Hong Kong, and France (check the latest restricted‑countries notice).
Quick Facts (Global)
- Founded: 2018
- CEO: Ben Zhou
- Headquarters: Dubai (UAE)
- Market position: Frequently among the top exchanges by derivatives volume; rankings vary by month and methodology.
- Products: Spot, Spot Margin (to ~10×), Perpetuals & Futures (pair‑dependent leverage up to 125×), USDT/USDC Options, Copy Trading, Trading Bots, Launchpad/Launchpool, Bybit Card (EEA/CH), and TradFi (MT5/Bybit TradFi) for FX/CFDs/stock‑CFDs.
Pros & Cons
Pros
- Low fees and an aggressive VIP program.
- Deep derivatives liquidity and broad product coverage (perps, options, copy trading, bots).
- Unified Trading Account (UTA) with cross/isolated/portfolio margin and multi‑asset collateral.
- Proof‑of‑Reserves with third‑party attestations reported.
- EU traction: MiCAR registration (spot) via Austria and a dedicated EU domain.
Cons
- Material security incident involving a large ETH theft; the company stated users would be made whole.
- Not available in several major markets (U.S., U.K., Canada, Singapore, Hong Kong, France).
- Dubai license status: Provisional/non‑operational approvals noted; a full operational VARA license has not been publicly listed.
Fees (Simple)
Base trading fees (VIP 0):
| Product | Taker | Maker |
|---|---|---|
| Spot | 0.10% | 0.10% |
| Perps/Futures | 0.055% | 0.020% |
| Options | 0.030% | 0.020% |
Fees decrease at higher VIP tiers and can vary by region. Always verify your My Fee Rate after KYC.
Products & Features (Global View)
1) Spot, Margin, Perps/Futures & Options
- Spot & Margin: Spot margin generally up to 10×.
- Perpetuals/Futures: Pair‑dependent leverage up to 125× with tiered risk limits.
- Options: USDT/USDC‑settled options integrated in the Unified Trading Account.
- Risk tools: Insurance Fund and Auto‑Deleveraging (ADL) support orderly liquidations.
2) Unified Trading Account (UTA)
Trade spot, margin, perps, and options from a single margin pool (cross/isolated/portfolio). Multiple coins can be used as collateral, subject to haircuts.
3) Copy Trading & Trading Bots
- Copy Trading: Mirror strategies of master traders with follower controls for allocation and risk.
- Bots: DCA, Spot Grid, and Futures Grid, with shareable strategies.
4) Fiat On/Off‑Ramp & P2P
- One‑Click Buy/Sell: Supports bank cards and third‑party payment partners; fiat balances are available in supported regions.
- P2P marketplace: Broad payment‑method coverage (varies by country).
5) Bybit Card (EEA & Switzerland)
A Mastercard crypto debit card program (virtual/physical) available in selected EEA markets and Switzerland. Eligibility, tiers, and limits vary by country.
6) “TradFi” on Bybit (MT5 / Bybit TradFi)
Multi‑asset FX/CFD/indices/commodities/stock‑CFDs via MetaTrader 5 integration, transitioning into an in‑app Bybit TradFi experience. Regional leverage and product availability apply.
7) AI Tools
TradeGPT offers platform‑integrated, AI‑assisted market context and education.
Licensing & Geographic Availability
- European Union: Bybit EU GmbH operates under MiCAR (Austria) for spot and offers a dedicated EU domain (bybit.eu). Regulated derivatives in the EU require separate authorization (MiFID II).
- United Arab Emirates: The exchange has communicated provisional/non‑operational status with Dubai’s VARA and an in‑principle approval from the UAE SCA.
- Restricted jurisdictions: U.S., Mainland China, Hong Kong, Singapore, Canada, France, U.K., and others appear on the exchange’s restricted list. Availability can change; always check the latest help‑center notice before onboarding.
How to Start (Global Walkthrough)
- Create an account — optionally via our affiliate registration link to support our work:
👉 Register on Bybit (Affiliate)
If prompted during sign‑up, enter the referral code: 44284. Complete KYC (ID + liveness checks). - Deposit via One‑Click Buy, P2P, bank card, or crypto transfer.
- Choose account mode: Use the Unified Trading Account for cross‑product margining.
- Set risk controls: Leverage, risk limits, and TP/SL; if using copy trading, set allocation and guardrails.
- Verify fees & limits in your My Fee Rate area and on each instrument page.
Who Bybit Suits (and Who It Doesn’t)
- Best for: Active traders who value derivatives liquidity, low fees, and integrated tools (bots, copy trading, options).
- Consider alternatives if: You’re in an excluded country, require a venue with long‑standing full licensure in your jurisdiction, or you prioritize zero recent breach history.
Frequently Asked Questions
Is Bybit safe?
Bybit reports 1:1 Proof‑of‑Reserves and publishes insurance‑fund data. A large ETH theft was reported; the company stated that users would be reimbursed and operations resumed. Evaluate both the post‑incident controls and PoR transparency for your risk tolerance.
What are Bybit’s trading fees?
Base (VIP 0) is Spot 0.10/0.10%, Perps 0.055/0.020%, Options 0.03/0.02% (taker/maker). Higher VIP tiers reduce fees.
What’s the maximum leverage?
Varies by pair; Perps/Futures up to 125×, Spot Margin up to ~10×.
Does Bybit work in the U.S.?
No. The United States (and several other jurisdictions) is on the exchange’s restricted list.
What licenses does Bybit have in the EU and UAE?
EU: MiCAR registration in Austria for spot via bybit.eu; derivatives require additional authorization (MiFID II).
UAE: Provisional/non‑operational status with VARA and an in‑principle approval from the UAE SCA; not an announced full operational license.
Does Bybit offer a crypto card?
Yes — Bybit Card (Mastercard) is available in selected EEA/Switzerland markets with country‑specific eligibility and limits.
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