Bybit
Fast-growing derivatives-focused exchange with competitive fees and copy trading features.
centralized
Proof of Reserves
Mobile App
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
Key Information
- Type
- centralized
- Maker Fee
- 0.10%
- Taker Fee
- 0.10%
- Proof of Reserves
- Yes
- Mobile App
- Yes
- Staking
- Available
Deposit Methods
bank transfer
debit card
credit card
crypto
p2p
Frequently Asked Questions
Is Bybit safe?+
Bybit is a regulated exchange with published proof of reserves, meaning you can verify they hold the assets they claim. 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.