Bybit
| Trust score | 8/10 (rank 35) |
|---|---|
| 24h volume | 28,296 BTC |
| Fees (maker / taker) | 0.10% / 0.10% |
| KYC | Required |
| Proof of reserves | Published |
| Insurance | Insurance fund published daily |
| Licenses | Dubai (VARA), EU (MiCA via Austria), Kazakhstan (AFSA) |
| Derivatives | Yes |
| Website | www.bybit.com |
Bybit is a derivatives-first exchange popular for perpetual futures, copy trading and a smooth trading engine. In February 2025 it suffered the largest exchange hack in history (about $1.5B) yet processed all withdrawals, which is worth reading about before depositing.
Pros
- Excellent perpetual futures engine
- Copy trading and unified trading account
- Processed all withdrawals after the 2025 hack
Cons
- Victim of the largest exchange hack to date (Feb 2025)
- Not available in the US, UK retail, and some other regions
Securing your Bybit account
- Keep only trading capital on the exchange; move the rest to self-custody
- Use hardware 2FA and withdrawal whitelist
Full walkthrough: exchange account security and the checklist.
Questions
Is Bybit safe?
Bybit publishes proof of reserves, maintains Insurance fund published daily and is licensed or registered in Dubai (VARA), EU (MiCA via Austria), Kazakhstan (AFSA). Victim of the largest exchange hack to date (Feb 2025). Keep only what you actively trade on any exchange.
What are Bybit fees?
Base spot fees are 0.10% maker and 0.10% taker, lower with volume tiers.
Does Bybit require KYC?
Yes, identity verification is required before trading or withdrawing.
Where is Bybit based?
Founded in 2018. Headquarters: Dubai, UAE.