Bybit is a crypto exchange, not a CFD broker, and that shapes what follows. There are no spreads to quote and no swap-free account to assess; the costs that bite are maker and taker fees, the eight-hourly funding rate on perpetuals, and the network fee to move coins off the platform. We funded a live account with $400, placed 50 trades, tested three withdrawal routes and contacted support three times over four weeks in February and March 2026. Weightings are in our rating methodology.
Disclosure: we may earn a commission when you open an account through links on this page. It does not influence our scores or the order platforms appear in. Read how we make money.
| Overall rating | 7.5 / 10 |
|---|---|
| Founded | 2018 |
| Headquarters | Dubai, United Arab Emirates |
| Main licences | VARA (Dubai), SCA (UAE), AFSA (Kazakhstan) |
| Minimum deposit | None |
| Spot trading fee | 0.10% maker / 0.10% taker |
| Derivatives fee | 0.020% maker / 0.055% taker |
| Maximum leverage | Up to 1:200 (derivatives) |
| Cryptocurrencies listed | 700+ |
| Swap-free (Islamic) account | Not offered |
| Registered users | 80 million+ |
| Tested | February–March 2026 |
Pros and cons
Bybit puts spot, derivatives, copy trading and DeFi behind one account with round-the-clock support. It also suffered the largest security breach in the history of the asset class in February 2025. Crypto trading carries a very high risk of losing your entire capital, and leverage magnifies that.
What works
- Competitive derivatives fees: 0.020% maker and 0.055% taker on the base tier, spot at 0.10% both sides.
- More than 700 cryptocurrencies across over 1,200 trading pairs.
- A full SCA virtual asset platform licence in the UAE, the first of its kind, plus VARA and AFSA.
- Across 50 trades, slippage on majors stayed at or below 0.01% and all 15 limit orders filled at the stated price or better.
- Withdrawals cost $1 over TRC-20 or BEP-20 and confirmed inside five minutes.
- Monthly proof-of-reserves reports audited by the independent firm Hacken since June 2024, showing reserves above 100%.
- The app rates 4.7/5 on the App Store and 4.5/5 on Google Play.
What does not
- In February 2025 roughly $1.5bn was stolen from a Bybit cold wallet, the largest crypto theft on record. Users were made whole, but it exposed a real weakness in high-value signing.
- Crypto regulation is immature next to traditional supervision, and the VARA licence is geographically narrow.
- Card purchases run between roughly 2.7% and 5% depending on card type and region.
- No swap-free or Sharia-compliant account for margin and derivatives trading.
- Frontline support stalled on a funding-rate question and escalated it to a specialist team that replied roughly 18 hours later.
Company information
Bybit was founded in 2018 by Ben Zhou, previously an executive at the brokerage XM. Originally headquartered in Singapore, it relocated to Dubai in 2022. When we checked in February 2026, the registered Dubai entity was Bybit FinTech FZE, within the free zone.
Registered users passed 80 million by the end of 2025, up from 60 million in 2024. Bybit ranks among the three largest exchanges by daily turnover, at times second behind Binance in derivatives. That produces the book depth we measured below, with volume exceeding $10bn on some days.
On whether Bybit is a scam, our checks say no. It is a real registered company holding licences from several regulators, publishing monthly proof of reserves audited by Hacken. The February 2025 breach was a security failure, not fraud: every affected user was reimbursed within 72 hours and reserves restored in full.
| Item | Detail |
|---|---|
| Legal name | Bybit FinTech FZE (Dubai) / Bybit Fintech Limited |
| Founded | 2018 |
| Headquarters | Dubai, United Arab Emirates |
| Founder and CEO | Ben Zhou |
| Registered users | 80 million+ (end of 2025) |
| Cryptocurrencies listed | 700+ |
| Trading pairs | 1,200+ |
| Target markets | Middle East, Asia, Europe, Africa |
Who this platform suits (and who it does not)
Liquidity depth stood out first. Trading BTC/USDT and ETH/USDT in February 2026, slippage was close to nil even on $500 orders, where smaller venues show visible slippage at a fraction of that size.
Product breadth is the second draw: USDT- and USDC-settled perpetuals, dated futures, options and copy trading from one account. Copy trading publishes per-trader win rate, Sharpe ratio and maximum drawdown — the data needed for an informed choice, though it does not make the choice safe. Bybit Earn pays yield on idle holdings: flexible USDT plans returned 3% to 5% annualised during our test and fixed plans up to 7% on assets such as ETH, none of it guaranteed. P2P supports more than 70 local currencies, and an integrated Web3 wallet reaches DeFi protocols and NFTs directly, assuming a working understanding of decentralised finance.
Against that: if you want a venue supervised by a first-tier regulator with a compensation scheme behind it, Bybit is not that, and no crypto exchange currently is. There is no Sharia-compliant account. And the interface is dense for a newcomer — many products compete for attention when all you wanted was to buy one coin.
Licensing and regulation
Crypto exchange regulation works differently from forex regulation; the sector is young and the frameworks still forming. Checking Bybit’s licences against the official registers in February 2026, we found three.
| Regulator | Jurisdiction | Licence type | Status |
|---|---|---|---|
| VARA (Virtual Assets Regulatory Authority) | Emirate of Dubai | Virtual Asset Service Provider (VASP) | Minimum Viable Product (preliminary) |
| SCA (Securities and Commodities Authority) | United Arab Emirates | Virtual asset platform licence | Full |
| AFSA (Astana Financial Services Authority) | Kazakhstan | Authorised market institution | Full |
The SCA licence, granted in October 2025, is the significant one: it made Bybit the first crypto exchange to hold a full virtual asset platform licence from the UAE securities regulator, covering trading, brokerage, custody and fiat conversion at federal level — beyond Dubai, the limit of VARA’s remit.
The VARA licence held by Bybit FinTech FZE is a Minimum Viable Product authorisation, permitting virtual asset exchange services in Dubai to retail clients, qualified investors and institutions, but preliminary rather than fully operational. The AFSA licence, issued in September 2024, is a full authorisation as a market institution within the Astana International Financial Centre, opening the CIS markets.
What this does not amount to is worth stating clearly. No crypto regulator ranks as first-tier the way the FCA or CySEC do in forex. VARA is among the stronger crypto authorisations anywhere, but it does not deliver the investor protection traditional regulators do, and none of these licences insures your funds as a statutory scheme such as the UK’s FSCS or the EU’s ICF would. In crypto, protecting your money sits more heavily with you.
For context: Binance holds VARA plus authorisations in France, Spain and Bahrain among others; OKX holds VARA plus Hong Kong and Singapore; Coinbase is Nasdaq-listed and SEC-registered. Bybit stands well against most of the field but behind several rivals on the number and geographic spread of its licences — the main drag on its score.
Opening an account and verification
Registration took under two minutes in February 2026 — an email address or phone number and a password, with the verification code arriving immediately and the account live within seconds.
Verification runs in two tiers. Tier one requires a national ID card or passport plus a selfie for biometric matching; we uploaded a passport through the app and approval returned in under 15 minutes, faster than most platforms we have tested. Tier two, needed to raise withdrawal limits, requires proof of address by recent utility bill or bank statement and is not mandatory for basic trading.
Limits are generous once tier one clears: the daily withdrawal ceiling reached the equivalent of one million USDT, against no more than 20,000 USDT per day unverified in some regions. App registration matched the website for speed, with camera auto-framing producing a usable document image first time. Enable two-factor authentication immediately, via Google Authenticator or SMS.
Account types
The tiered-account model familiar from forex brokers does not exist here: every user gets the same unified account with no deposit threshold. What varies is the fee, set by a VIP ladder on 30-day volume or asset balance and recalculated daily.
| Tier | 30-day volume or asset balance | Spot (maker/taker) | Derivatives (maker/taker) |
|---|---|---|---|
| Standard | Under $1m or under $100,000 | 0.1000% / 0.1000% | 0.0200% / 0.0550% |
| VIP 1 | $1m+ or $100,000+ | 0.0675% / 0.0775% | 0.0180% / 0.0400% |
| VIP 2 | $5m+ or $250,000+ | 0.0650% / 0.0775% | 0.0160% / 0.0375% |
| VIP 3 | $10m+ or $500,000+ | 0.0500% / 0.0650% | 0.0140% / 0.0350% |
| VIP 4 | $25m+ or $1m+ | 0.0400% / 0.0550% | 0.0120% / 0.0320% |
| VIP 5 | $50m+ or $2m+ | 0.0350% / 0.0500% | 0.0100% / 0.0320% |
| Supreme VIP | Negotiated directly | 0.0300% / 0.0450% | 0.0000% / 0.0300% |
A trader starting with $200 to $1,000 sits in the Standard tier, where 0.10% spot matches Binance and undercuts Coinbase substantially. Further discounts come through the BIT token — formerly Bybit’s native token — and loyalty programmes. There is no demo account in the forex sense, but a paper trading mode with simulated funds is useful for learning the order mechanics first.
Swap-free and Islamic accounts
This is the section that does not map. A swap-free account is a CFD-broker product that removes overnight interest charges; a spot and derivatives exchange has no overnight swap to remove. Bybit offers no Islamic account and markets no product as Sharia-compliant.
The nearest equivalent is the perpetual funding rate, paid or received every eight hours, which is the recurring financing cost of a leveraged position. Whether that is acceptable is a question of religious jurisprudence rather than financial analysis, and scholarly opinion varies. Anyone for whom this matters should consult a qualified scholar first.
Fees and trading costs
Spot fees
Across twenty spot trades in February 2026, the fees charged matched the published Standard-tier schedule of 0.10% maker and taker exactly, with no hidden additions.
| Platform | Spot maker | Spot taker | Discounts available |
|---|---|---|---|
| Bybit | 0.1000% | 0.1000% | Tiered VIP programme |
| Binance | 0.1000% | 0.1000% | 25% discount paying in BNB |
| OKX | 0.0800% | 0.1000% | Up to 40% holding OKB |
| Coinbase (Advanced) | 0.4000% | 0.6000% | Coinbase One removes fees |
OKX undercuts on the maker side at 0.08% and Coinbase is materially more expensive. If your spot activity is predominantly limit orders, OKX will cost you less.
Futures and perpetual fees
This is where Bybit is strongest, at 0.020% maker and 0.055% taker on the Standard tier.
| Platform | Derivatives maker | Derivatives taker |
|---|---|---|
| Bybit | 0.0200% | 0.0550% |
| Binance | 0.0200% | 0.0500% |
| OKX | 0.0200% | 0.0500% |
| Coinbase | Not available in most regions | Not available in most regions |
The half-basis-point gap between Bybit’s 0.055% taker fee and the 0.050% at Binance and OKX only becomes material at very high volume.
Funding rates
Perpetuals carry a funding rate settled every eight hours. Monitoring BTC/USDT through February 2026, we recorded 0.001% to 0.01% per funding period — normal levels, in line with competing venues. On a position held for weeks this costs more than the trade fee, and it is the line item most often overlooked.
Deposit, withdrawal and inactivity fees
Crypto deposits are free. Withdrawals carry a network fee varying by coin and chain: USDT over TRC-20 cost us $1, while ERC-20 was far more expensive because of Ethereum gas costs. Card purchases are the expensive route — USDT on a non-European Visa cost us 3.05%, European cards 1.10%, and JCB cards as high as 5%. Bybit charges no inactivity fee, unlike the many forex brokers that levy a monthly dormancy charge.
The cost structure measured as competitive overall, average to good against the leading rivals. The weak point is card purchasing, expensive enough to erode a small account before the first trade settles.
Desktop platforms
There is no downloadable desktop application. After a week on the browser interface in February 2026, we found it carries essentially everything a trader needs.
The spot interface is clean — order book and order entry on one side, TradingView-powered chart in the centre, pair list on the other — with over 100 technical indicators plus drawing tools, trendlines and channels. The derivatives interface is denser, adding leverage selection, margin mode (isolated or cross) and order type. Trading BTC/USDT perpetuals, execution was fast and liquidation price, funding rate and margin used were all displayed without hunting. Panels can be rearranged and saved as custom layouts; dark mode is the default.
Trading bots configure from the same interface. We ran a Grid bot on ETH/USDT for a week; setup was straightforward, though results depend entirely on market conditions and the parameters you set. The API supports REST and WebSocket, with clear documentation and examples in several languages.
The drawback is density: moving between spot, perpetuals, options, Earn and copy trading means navigating several sections, and a newcomer who simply wants to buy one coin has a lot to work past.
Mobile apps
We tested on an iPhone 14 Pro and a Samsung Galaxy S24 in March 2026. The app carried 4.7/5 on the App Store from over 46,000 reviews and 4.5/5 on Google Play from over 1.3 million, and performance matched: it opened and showed live prices in roughly two seconds with no perceptible lag. Mobile charts carry the core indicators and drawing tools, less comprehensively than the web version.
One-click trading executes without a confirmation step. On BTC/USDT it was near-instantaneous, which is why it deserves caution — it removes your last chance to review an order. The app covers the full range including Earn, copy trading, P2P and the Web3 wallet; a P2P purchase settled within minutes of the seller confirming, and five price alerts we set all fired correctly. The weakness is crowding: bots and detailed portfolio analysis feel cramped on smaller screens.
| Measure | iOS | Android |
|---|---|---|
| Rating | 4.7/5 (46,000+ reviews) | 4.5/5 (1.3 million+ reviews) |
| Biometric login | Face ID / Touch ID | Fingerprint / face recognition |
| App size | Approximately 230 MB | Approximately 150 MB |
Trading tools
Reviewing the product range in February 2026, spot covered more than 700 cryptocurrencies against USDT, USDC, BTC and other bases across more than 638 pairs; every well-known project we searched for was listed.
Perpetuals settle in USDT or USDC across more than 300 pairs. On leverage our published figures diverge: the headline maximum quoted for derivatives is 1:200, while the per-pair maxima we recorded were up to 100x on majors such as BTC and ETH and up to 125x on selected pairs. Trading the BTC/USDT perpetual at 10x, execution was immediate and the liquidation price stayed visible. High leverage sharply increases the probability of losing the whole position.
Dated futures cover a narrower selection, suited to hedging or a directional view within a defined window. Options are offered on BTC and ETH only, with reasonable liquidity on weekly and monthly expiries.
Copy trading comes in two forms: classic, following up to 10 traders with custom settings, and pro, which behaves more like buying units in a fund. We followed three traders for a fortnight and their results varied enormously — check the historical record and maximum drawdown first, and treat past results as no indication of future ones. Trading bots include Grid, DCA and Martingale variants. Bybit Earn covers flexible and fixed savings, liquid staking, Launchpool and Launchpad; our flexible USDT plan accrued at roughly 4% annualised, not a guaranteed rate. The Web3 wallet connects to DeFi protocols across several blockchains, with an NFT marketplace.
| Product | Coverage |
|---|---|
| Spot trading | 700+ coins / 638+ pairs |
| USDT perpetuals | 300+ pairs |
| USDC perpetuals | 50+ pairs |
| Dated futures | Selected pairs |
| Options | BTC and ETH |
| Copy trading | Classic and pro |
| Trading bots | Grid / DCA / Martingale |
| Bybit Earn | Flexible and fixed savings, staking, Launchpool |
| P2P | 70+ local currencies |
Order execution
We placed 50 trades across February and March 2026, mixing market, limit and conditional orders on spot and perpetuals.
On spot, a $200 market buy on BTC/USDT filled in under one second with slippage no greater than 0.01%; ETH/USDT and SOL/USDT were comparable. On thinner altcoin pairs slippage widened to 0.05% to 0.15% depending on that pair’s volume — shallower books rather than a platform failing. All 15 limit orders filled at the limit price or better wherever liquidity existed at that level.
Perpetuals were faster still, reflecting deeper books. Bybit states its matching engine handles up to 100,000 orders per second; we cannot verify that, but saw no perceptible delay even during elevated volatility. Order types are comprehensive — market, limit, stop, take-profit and stop-loss, trailing stop and conditional.
Around major economic releases and significant crypto-market events, the spread widened noticeably on some pairs. That happens on every venue, but it changes the cost of trading through those windows. Overall we rate execution as excellent and directly competitive with Binance and OKX.
Deposits
We funded the account by several routes in February 2026. Depositing crypto directly is cheapest and fastest — Bybit charges nothing and you pay only the network fee. Sending USDT over TRC-20 from an external wallet, the balance appeared in roughly two minutes.
Card purchases run through third-party providers supporting Visa, Mastercard and JCB. Buying $400 of USDT with a Visa card completed in about five minutes but cost 3.05%, roughly $12.20; European Visa cards attract 1.10%. The P2P marketplace lets you buy directly from other users using local payment methods, with Bybit acting as escrow; platform fees there are typically very low or zero, though sellers build a margin into their price. Direct bank transfer runs through payment partners including SEPA in Europe, and Apple Pay and Google Pay are supported in some markets at fees comparable to or above card rates.
| Deposit method | Fee | Expected time | Notes |
|---|---|---|---|
| Crypto deposit | Free (network fee only) | 1–30 minutes | Cheapest route |
| Visa / Mastercard | 1.10% – 3.05% | 5–15 minutes | Varies by issuing bank and region |
| P2P marketplace | Free from the platform | 5–30 minutes | 70+ local currencies, escrow-protected |
| Bank transfer (SEPA) | Free or low | One business day | Europe |
| Apple Pay / Google Pay | 3.5% – 6.5% | Instant | Limited availability |
Withdrawals
We withdrew by three routes in March 2026; all three completed without incident.
The first was USDT over TRC-20 to an external wallet: $1 fee, confirmed in roughly five minutes, and the route we would recommend for most stablecoin withdrawals. The second was USDT over BEP-20, also $1, confirmed in under a minute. The third was a P2P sale of USDT for local currency received by domestic bank transfer, taking about 20 minutes end to end with nothing charged by Bybit — though P2P sale prices sit slightly below market because of the buyer’s margin.
On whether you can actually get your money out: on our evidence, yes. Completing KYC raises the daily ceiling, and large withdrawals may face an anti-money-laundering review, normal at any regulated venue rather than a red flag. The first withdrawal from a new account needed extra email and 2FA confirmation, adding a small delay; later ones ran faster.
| Network | USDT withdrawal fee | Expected time |
|---|---|---|
| TRC-20 (Tron) | $1.00 | 1–5 minutes |
| BEP-20 (BSC) | $1.00 | Under one minute |
| SOL (Solana) | $1.00 | Under one minute |
| ERC-20 (Ethereum) | $3.00 – $10.00 (variable) | 5–30 minutes |
| Arbitrum | $0.10 | 1–3 minutes |
Customer support
We contacted support three times across February and March 2026. Live chat runs 24/7 and responded in about two minutes, but from an AI chatbot, which answered our withdrawal-fee question generically. Requesting a human agent added three minutes; that agent answered accurately and volunteered useful detail on choosing the cheapest network.
The second test was harder: how funding rates are calculated on perpetuals and how they affect open positions. The frontline agent stalled, and after roughly 10 minutes asked us to raise a support ticket because the question needed a specialist team. The email response arrived about 18 hours later. The third test, a problem configuring two-factor authentication, went smoothly — a response in three minutes and a resolution five minutes later.
Frontline support is quick on routine and moderately technical queries but lacks depth on advanced trading mechanics, escalating those on an overnight turnaround. If you trade derivatives actively and need clarifications quickly, that gap matters.
| Channel | Availability | Response time |
|---|---|---|
| Live chat | 24/7 | 2–5 minutes |
| Email tickets | 24/7 | 12–24 hours |
| Help centre | Always | Immediate |
| Social media | Business days | Variable |
Research and education
Bybit Learn is the main educational hub, with hundreds of articles on crypto fundamentals, technical analysis, strategies and product explainers. Daily research runs alongside technical write-ups on the major coins and weekly market trend reports; reviewing them through the first quarter of 2026, we found them data-led rather than promotional.
Bybit Insights provides live data on money flows, buy-versus-sell ratios and recent liquidations. Used alongside our trading it gave a useful read on positioning, but interpreting it requires experience and will mislead a novice as easily as inform one.
Bybit runs educational webinars on a regular schedule. Binance Academy offers broader and deeper content, OKX publishes good material, and Coinbase Learn is pitched at beginners; we rate Bybit’s offering average to good. The clear positive is that comprehensive market data is free to every user — fear and greed indices, liquidation charts, open interest — where several venues gate comparable data.
Fund safety and protections
This section carries unusual weight because of 21 February 2025, when roughly $1.5bn of Ethereum was stolen from a multisig cold wallet — the largest theft in the history of cryptocurrency. It was attributed to the North Korea-linked Lazarus Group and executed by injecting malicious JavaScript into the Safe{Wallet} signing interface two days beforehand, letting the attackers manipulate what appeared on screen while the transaction actually authorised was different.
What followed deserves credit. Within 72 hours, Bybit:
- Restored its reserves in full by securing 447,000 ETH from partners including Galaxy Digital, FalconX and Wintermute
- Kept withdrawals open throughout, with no user directly affected
- Published an immediate proof-of-reserves attestation audited by Hacken confirming reserves above 100%
- Announced a 10% bounty for anyone assisting in recovery of the stolen assets
The breach exposed a structural weakness in multisig security that depends on a third-party service. The compromise was in Safe{Wallet} rather than Bybit’s own systems, but Bybit selected that service and relied on it without sufficient additional verification — a distinction that does not protect customer funds. Bybit then announced remediations: restructured signing protocols developed with Safe, manual verification for high-value transactions, stronger real-time monitoring, and continuation of the monthly Hacken audits, which have run since June 2024 and most recently confirmed reserves above 100% of user assets.
What does not exist is an investor compensation scheme comparable to those backing regulated brokers. If the platform failed, or suffered a breach it could not cover, there is no legal guarantee of recovering your money — a risk common to every centralised exchange, and the strongest argument for never holding more on one than you can afford to lose. Two-factor authentication runs through Google Authenticator and SMS, and an anti-phishing code appears in official emails so you can spot impersonation attempts.
Bybit handled a catastrophic incident transparently, but the breach remains a serious mark against it and the remediations are untested by time. Do not keep large balances on any centralised exchange.
Verdict
Bybit scores 7.5 out of 10. Liquidity, derivatives pricing, product range and withdrawal reliability all measured well, and the SCA and VARA licences put it in better standing than most of the field. Against that: the February 2025 breach remains the largest theft this asset class has seen, no compensation scheme stands behind your balance, card fees are high, there is no swap-free account, and frontline support lacks technical depth.
The score moved because this rubric does not score regional language support, a category Bybit performed strongly on originally, and it folds the custody risk from the 2025 breach into withdrawals and fund access.
Bybit suits a trader who wants product breadth, low derivatives costs and deep books, and who accepts centralised custody as a risk. It does not suit anyone who ranks regulatory protection above all else, or who needs a Sharia-compliant product. Crypto trading involves a very high risk of losing your entire capital.
Is Bybit trustworthy?
Is Bybit a scam?
No. Bybit holds verifiable licences from VARA, the SCA and AFSA, serves more than 80 million users, and made every user whole during the largest security crisis in crypto history without anyone losing money.
Is Bybit safe after the hack?
Bybit implemented comprehensive security changes after February 2025, including restructured signing protocols and manual verification of high-value transactions. But no centralised platform offers an absolute guarantee. Hold only what you are actively trading and move long-term holdings into self-custody.
Is Bybit banned anywhere?
Our research found no official ban on Bybit in Saudi Arabia as at the date of the underlying review, and it serves Saudi traders across its full product range. But crypto is not formally regulated by the Saudi Capital Market Authority, so a trader there operates outside any domestic supervisory framework and bears the consequences entirely.
Are my funds protected if Bybit fails?
Not in the sense a regulated broker’s clients are protected. No compensation scheme comparable to the FSCS or ICF stands behind your balance. The proof-of-reserves audits evidence that assets exist to cover liabilities, but that is an attestation, not a guarantee.
Frequently asked questions
Is Bybit a reliable and secure platform?
Licensed by VARA in Dubai, the SCA in the UAE and AFSA in Kazakhstan, with monthly proof of reserves audited by Hacken. It suffered a major breach in February 2025 but reimbursed every user within 72 hours. Trustworthy, with a reservation on security.
What does it cost to trade on Bybit?
Standard-tier spot costs 0.10% maker and taker; derivatives 0.020% maker and 0.055% taker. Both fall through the VIP ladder as 30-day volume or asset balance rises. Crypto deposits are free; withdrawals cost $1 for USDT over TRC-20. Perpetuals also pay or receive an eight-hourly funding rate.
Does Bybit offer a swap-free or Islamic account?
No. Bybit offers no Islamic account and markets no product as Sharia-compliant. Derivatives and margin trading involve a funding rate, which some scholarly opinions hold incompatible with Sharia principles. Consult a qualified scholar if this matters to you.
How do I withdraw money from Bybit?
Withdraw crypto to an external wallet across several networks — cheapest is USDT over TRC-20 or BEP-20 at $1 — or sell for local currency through P2P and receive a domestic bank transfer. Completed KYC lifts the daily limits.
What is the difference between Bybit and Binance?
Binance is larger by volume and lists more assets; Bybit competes hardest in derivatives. Spot fees are identical at 0.10%, though Binance discounts 25% on fees paid in BNB. Both hold a VARA licence in Dubai. Bybit’s edge is derivatives tooling and the trading interface.
Is there a minimum deposit?
No. There is no minimum deposit and no account tier gated by balance. Every user gets the same unified account; only the fee tier changes, based on 30-day volume or asset balance.
Risk warning: crypto trading carries very high risk, including losing your entire invested capital. Prices are extremely volatile and can move by large percentages within hours or minutes. Bybit suffered a $1.5bn security breach in February 2025. Do not trade with funds you cannot afford to lose. This review is for information only and is not financial advice. Past performance does not guarantee future results.
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