Bybit Review 2025: Is It the Right Exchange for You?

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Bybit Overview: A Leading Crypto Exchange for Active Traders

Bybit, launched in 2018 by CEO Ben Zhou, has rapidly emerged as one of the most prominent cryptocurrency exchanges globally. Designed with traders in mind, Bybit offers over 650 cryptocurrencies across spot, margin, futures, and options markets. With support for more than 60 fiat currencies via P2P trading and operations in over 180 countries, the platform delivers broad accessibility and robust functionality.

While Bybit does not currently serve users in the United States, United Kingdom, or Canada, its advanced trading tools, low fees, and strong security infrastructure make it a top choice for derivatives traders, day traders, algorithmic traders, and long-term investors alike.

👉 Discover how Bybit compares to other leading platforms in speed, tools, and user experience.

Core Features at a Glance

Bybit stands out for its deep integration with TradingView, MetaTrader4 (MT4) compatibility, and extensive support for high-frequency and API-based trading—features that cater to both retail and institutional traders.

Who Is Bybit Best For?

Not every exchange suits every trader. Based on functionality, security, tools, and user experience, here’s how Bybit aligns with different trading profiles:

✅ Perfect Match: Bot, Social & Copy Traders

Bybit excels in automated and copy trading. The platform offers a wide array of trading bots, including DCA bots, Grid bots, and AI-powered futures bots developed through Bybit’s Aurora AI initiative. Users can also follow experienced traders via copy trading, with a unique incentive: 100 USDT compensation if your first copied trade results in a loss.

Despite lacking traditional social trading features like live feeds or community discussions, the bot ecosystem and performance transparency make it ideal for systematic traders.

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👉 Learn how automated trading strategies can boost your returns with minimal effort.

✅ Perfect Match: Leverage & Derivatives Traders

For traders focused on futures and leveraged positions, Bybit is among the best-in-class. It supports up to 100x leverage on perpetual and quarterly futures contracts across major and altcoin pairs. The desktop platform includes advanced charting, risk management tools, and seamless order execution.

Integration with TradingView allows users to analyze markets using familiar technical tools and even execute trades directly from the TradingView interface when linked.

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✅ Perfect Match: DCA Investors

Dollar-cost averaging (DCA) investors benefit from Bybit’s dedicated DCA investment tool, allowing automated recurring purchases of crypto assets. With over 650 coins available—including trending memecoins like WIF and PEPE—users can build diversified portfolios over time.

Fiat deposits are fast via SEPA or third-party processors, and one-click buys via Apple Pay or Google Pay simplify entry for new investors.

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✅ Perfect Match: Day & Algorithmic Traders

Active day traders appreciate Bybit’s low-latency execution, high liquidity (despite lower scores than Binance), and rich set of order types. The exchange supports high-frequency trading (HFT) with one of the highest API call rate limits in the industry—up to 240 requests per second.

Algorithmic traders gain from sandbox testing environments and WebSocket connectivity for real-time data streaming.

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✅ Solid Choice: Hodlers & Position Traders

Long-term holders (hodlers) will appreciate Bybit’s 1:1 reserve model, where all customer assets are fully backed. Monthly proof-of-reserves audits ensure transparency. Users can also stake select assets for yield and use collateral for borrowing.

The mobile app allows easy portfolio tracking, price alerts, and secure access on the go.

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Security & Transparency: Is Your Money Safe?

Bybit maintains a strong track record in security. Since its launch in 2018, there had been no reported breaches or loss of customer funds—until February 2025, when a cold wallet was compromised in an incident resulting in the theft of approximately $1.5 billion worth of ETH. As of February 24, about $195 million had been moved by attackers.

Despite this event, Bybit continues to emphasize transparency:

🔐 Proof of Reserves

Bybit conducts monthly proof-of-reserves audits, maintaining ≥100% reserves across 40+ assets. Popular stablecoins like USDC are held at over 200% backing.

🔒 Account Security

Users can enable:

Note: Biometrics are not available on desktop—users must enter passwords manually.

🏢 Regulatory Status

Licensed by Dubai’s VARA and Cyprus’ regulatory authority, Bybit operates legally in several jurisdictions but remains unlicensed in key markets like the U.S. and U.K.

Trading Experience: Desktop vs Mobile

Desktop Platform

The desktop interface is clean, modular, and highly customizable. Key features include:

Switching between markets is intuitive, with filters for trending, new listings, AI tokens, and memecoins.

Mobile App

The iOS and Android apps mirror the desktop experience closely:

Only downside: No TradingView integration on mobile, limiting technical analysis capabilities.

Fees: Competitive Across the Board

Bybit offers some of the lowest fees in the industry, especially for active traders.

ServiceFee
Spot Trading (Maker/Taker)0.1%
Futures Trading (Maker)As low as 0.01%
Futures Trading (Taker)As low as 0.06%
Fiat Deposit0.08% – 2%
Crypto WithdrawalVaries by coin (e.g., 0.001 LTC)
Fiat WithdrawalFlat fee (e.g., €2.60 for SEPA)

There are no fee discounts for holding native tokens (Bybit has none), but VIP tiers reduce costs based on volume.

👉 See how small fee differences can impact your long-term profits over time.

Supported Countries & Fiat Options

Bybit serves users in over 180 countries, but restricts access to residents of the U.S., U.K., and Canada. Supported fiat deposits include EUR, BRL, PLN, and TRY via SEPA, PIX, BLIK, and third-party processors like Zen.

P2P trading bridges gaps by supporting 63 fiat currencies, including USD and JPY indirectly.

Frequently Asked Questions (FAQ)

Q: Is Bybit safe to use?
A: Yes. Bybit maintains a 1:1 reserve ratio and publishes monthly proof-of-reserves reports. However, it lacks deposit insurance, so storing large amounts long-term carries some risk.

Q: Can U.S. citizens use Bybit?
A: No. Bybit does not offer services to U.S. residents due to regulatory restrictions.

Q: Has Bybit ever been hacked?
A: In February 2025, a cold wallet was breached resulting in a major ETH loss. Prior to that, Bybit had no history of security incidents.

Q: Does Bybit require KYC?
A: Yes. All users must complete KYC verification using a passport, ID card, driver’s license, or residence permit.

Q: What leverage does Bybit offer?
A: Up to 100x on futures, and 10x on spot margin trading, depending on the asset.

Q: Are there any welcome bonuses or referral programs?
A: Yes. New users can earn up to 1,710 USDT through referrals plus 30% commission on friends’ trading fees. Influencers can join an affiliate program with up to 50% commission.

Final Verdict: Who Should Use Bybit?

Bybit is a powerful platform ideal for:

While customer support lags behind leaders like Kraken and regulatory coverage is still expanding, Bybit’s combination of low fees, advanced tools, and transparency initiatives makes it a compelling option for serious crypto traders in 2025.

Whether you're scaling into positions with precision or automating your strategy with AI bots, Bybit provides the infrastructure to execute effectively—just remember to manage risk accordingly.

Core Keywords:

Bybit review, crypto exchange, leverage trading, trading bots, DCA investing, futures trading, API trading, proof of reserves