Bybit Review
By Itai Varochik | Last updated February 1, 2026
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Our Verdict
Bybit stands out as the premier choice for experienced crypto derivatives traders who prioritize ultra-fast execution, competitive fees, and a comprehensive suite of advanced trading tools. Its extensive futures offerings and high TPS make it ideal for high-frequency and strategic traders, though its regulatory status and US unavailability are key considerations.
GetASearch Score: 7.9/10
Rating: 4.2/5 (1650 reviews)
Pros
- 100,000 TPS execution speed ensures minimal slippage and rapid order fulfillment.
- Lowest futures maker fees at 0.02%, providing cost-effective derivatives trading.
- Over 500 spot trading pairs, offering diverse investment and trading opportunities.
- Extensive derivatives market with 200+ futures pairs, including perpetual and inverse contracts.
- Advanced copy trading features, allowing users to replicate successful traders' strategies.
- Intuitive and customizable trading interface suitable for advanced users.
Cons
- Not available to users in the United States due to regulatory restrictions.
- Operates with less regulatory oversight compared to exchanges in highly regulated jurisdictions.
- Can be overwhelming for beginners due to its advanced features and derivatives focus.
- Limited fiat on/off-ramps in some regions compared to global competitors.
Score Breakdown
| Criteria | Score |
|---|---|
| Features | 8.5/10 |
| Ease of Use | 7.5/10 |
| Value for Money | 8.5/10 |
| Customer Support | 7.0/10 |
| Overall | 7.9/10 |
What is Bybit?
Bybit is a high-performance cryptocurrency exchange primarily focused on derivatives trading, offering a robust platform for futures, options, and perpetual contracts. Renowned for its exceptional execution speed of 100,000 transactions per second (TPS), it caters to experienced traders seeking low latency and deep liquidity across a wide array of digital assets. Beyond derivatives, Bybit also provides extensive spot trading options, copy trading functionalities, and a growing Web3 ecosystem.
Unmatched Derivatives Trading Performance
Bybit's core strength lies in its high-performance derivatives trading platform, capable of processing 100,000 transactions per second. This exceptional speed, combined with deep liquidity across over 200 futures pairs, minimizes slippage and ensures efficient execution for even the most demanding traders. The platform supports various contract types, including USDT perpetual, inverse perpetual, and inverse futures, catering to diverse trading strategies and risk appetites.
Advanced Yet Intuitive Trading Interface
The Bybit trading interface is designed for experienced traders, offering a highly customizable and feature-rich environment. Users can access advanced charting tools, multiple order types, and real-time market data with ease. Despite its complexity, the layout is logical and efficient, allowing for quick navigation and execution. The mobile application also provides a robust trading experience, mirroring many of the desktop platform's functionalities.
Highly Competitive Fee Structure
Bybit offers one of the most competitive fee structures in the derivatives market, particularly for futures trading, with maker fees as low as 0.02%. Spot trading fees are also competitive, starting at 0.10%. This aggressive pricing strategy, combined with high execution speeds, provides significant value for active traders looking to minimize costs and maximize profitability. The tiered fee system rewards higher trading volumes with even lower rates.
Robust Security Measures and Operational Reliability
Bybit employs industry-standard security protocols, including cold storage for the majority of user funds, two-factor authentication (2FA), and multi-signature withdrawal processes. While it maintains a strong security posture, it operates with less regulatory oversight compared to exchanges in jurisdictions like the US or EU. Bybit also maintains an insurance fund to protect users against losses from system failures or liquidations, enhancing its operational reliability.
Bybit Features
| Feature | Available | Description |
|---|---|---|
| Derivatives Trading | Yes | Offers over 200 futures pairs, including USDT perpetual, inverse perpetual, and inverse futures contracts, with up to 100x leverage. |
| Spot Trading | Yes | Provides access to more than 500 spot trading pairs, allowing direct exchange of cryptocurrencies with competitive fees. |
| Copy Trading | Yes | Enables users to automatically copy the trading strategies of experienced derivatives traders, with detailed performance metrics available. |
| Launchpad | Yes | Grants early access to promising new cryptocurrency projects and token sales, allowing users to participate in initial offerings. |
| Web3 Wallet | Yes | Integrates a non-custodial Web3 wallet, facilitating interaction with decentralized applications (dApps) and growing DeFi integrations. |
| Options Trading | Yes | Provides European-style options contracts for major cryptocurrencies, offering advanced hedging and speculative opportunities. |
| Bybit Earn | Yes | Offers various passive income products such as flexible savings, fixed savings, and liquidity mining to earn yield on crypto holdings. |
Bybit Pricing
0.10% spot / 0.02% futures maker
Best For
- Futures traders seeking high leverage and deep liquidity.
- Speed-focused traders requiring ultra-fast execution and minimal slippage.
- Experienced cryptocurrency traders looking for advanced charting and order types.
- Users interested in copy trading strategies from proven derivatives traders.
Not Ideal For
- US-based traders due to geographical restrictions.
- Beginners to cryptocurrency trading who may find the platform overwhelming.
- Investors prioritizing highly regulated exchanges with extensive fiat on/off-ramps.
Final Verdict
Bybit stands out as the premier choice for experienced crypto derivatives traders who prioritize ultra-fast execution, competitive fees, and a comprehensive suite of advanced trading tools. Its extensive futures offerings and high TPS make it ideal for high-frequency and strategic traders, though its regulatory status and US unavailability are key considerations.
Frequently Asked Questions
Is Bybit safe?
Bybit implements industry-standard security including cold storage for assets, two-factor authentication (2FA), and robust withdrawal protections to safeguard user funds. While these measures are strong, it's important to note that Bybit has less regulatory oversight compared to exchanges operating in highly regulated jurisdictions such as the United States or Europe.
What are Bybit's main advantages for traders?
Bybit's primary advantages include its exceptionally high execution speed of 100,000 transactions per second, which minimizes latency and slippage for derivatives traders. Additionally, it offers some of the lowest futures maker fees in the industry (0.02%) and a vast selection of over 200 derivatives pairs, making it highly attractive for active and strategic traders.
Can I use Bybit if I am in the United States?
No, Bybit is not available to users residing in the United States due to regulatory restrictions. Users from the US are prohibited from accessing Bybit's services. Prospective users should check Bybit's terms of service for a full list of restricted jurisdictions before attempting to register.
Does Bybit offer spot trading in addition to derivatives?
Yes, Bybit offers extensive spot trading capabilities alongside its derivatives platform. Users can trade over 500 different cryptocurrency pairs on the spot market, providing a wide range of options for direct asset purchases and sales. This allows users to diversify their trading strategies beyond just futures and options.