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Bybit

Fast-growing derivatives-focused exchange with competitive fees and copy trading features.

centralized
Proof of Reserves
Mobile App
Reviewed by Sarah Lin, Staff Writer — Exchanges Last verified: 2026-03-09Scoring methodology

This content is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional for advice specific to your situation.

Best For

Derivatives traders and copy trading outside the US

Pros

  • Strong derivatives platform
  • Copy trading feature
  • Competitive fees
  • Fast execution

Cons

  • Not available in the US
  • Derivatives carry high risk
  • Complex interface
  • Relatively newer track record

Regulatory Status

Licensed in Dubai (VARA). Not available in the U.S. Regulatory coverage varies by jurisdiction.

Regulatory status varies by jurisdiction and changes frequently. Always verify current licensing with your local regulator before depositing funds.

Why This Trust Score Is Not Higher

Relatively short operating history compared to established exchanges. Derivatives focus carries inherent leverage risks. Corporate transparency has historically been limited.

Trust scores are calculated using our published scoring methodology. Score changes are documented in our corrections log.

Key Information

Type
centralized
Maker Fee
0.10%
Taker Fee
0.10%
Proof of Reserves
Yes
Mobile App
Yes
Staking
Available

Country Availability

Available in:

UK
DE
FR
AU
SG
TR
BR

Not available in:

US

Availability can change without notice. Verify directly on the exchange's website for your specific country and region.

Deposit Methods

bank transfer
debit card
credit card
crypto
p2p

Frequently Asked Questions

Is Bybit safe?+
Bybit publishes proof of reserves, meaning you can verify they hold the assets they claim. Regulatory status varies by jurisdiction — check the "Regulatory Status" section above for details specific to Bybit. No exchange is 100% safe — consider moving large holdings to a self-custody wallet after purchasing. Enable 2FA and withdrawal whitelisting for extra security.
Is Bybit good for beginners?+
Bybit is oriented more toward experienced traders. Beginners may find the interface complex. If you're new to crypto, start with small amounts and use the "simple" buy interface if available.
What are Bybit's fees?+
Bybit's fees vary by trade type and volume. Check the "Key Information" section above for current maker/taker rates. Many exchanges also charge different fees for their "simple" vs "advanced" trading interfaces — the simple interface is usually more expensive. Always check the fee schedule on Bybit's website before trading.
Should I keep my crypto on Bybit?+
For active trading, keeping funds on Bybit is practical. For long-term holding or large amounts, move crypto to a self-custody wallet. Exchanges can freeze accounts, get hacked, or face regulatory issues. The safest approach: buy on the exchange, then transfer to your own wallet.