Bybit Exchange Review: The Best 2025 Features Revealed

Highlights

Bybit is a full-service cryptocurrency platform specializing in derivatives trading. They offer robust spot trading capabilities and provide access to perpetual contracts, futures, options, and spot markets across hundreds of digital assets.

They cater to traders of all experience levels through their intuitive interface and advanced analytical tools, backed by deep liquidity across major trading pairs.

The platform’s competitive edge is its sophisticated trading infrastructure, offering leverage up to 100x on select pairs, copy trading services that let you replicate successful traders’ strategies, and automated crypto trading bots for executing complex strategies.

Recent upgrades to the Convert feature simplify token swaps with competitive rates, while the integrated Web3 wallet provides easy access to DeFi protocols.

Deposit & withdrawal fees

While deposits are generally free, withdrawals come with a cost. A fee is charged for on-chain withdrawals.

Crypto withdrawal fees are based on the coin chain selected by the user. The fee is fixed regardless of the withdrawal amount. No withdrawal fees are charged for internal transfers to other exchange accounts.

Fiat withdrawal fees are dependent on the selected fiat currency and payment method.

Hidden costs & spreads

There are subtle fees users should be aware of when using the exchange. Perpetual contract traders either pay or receive funding rates every eight hours. Third-party payment processor fees apply when purchasing crypto using fiat.

Security & Regulation

Bybit has 78 million registered users, with many of them using the exchange due to its robust security measures and its response to past breaches.

Storage & custody

The majority of user funds are stored offline in cold storage facilities. These cold storage facilities are geographically located, which limits the impact a single security breach could have.

Account security

Bybit uses robust security measures to safeguard clients’s accounts. This includes multi-signatory withdrawal requirements, mandatory two-factor authentication (2FA), withdrawal wallet whitelisting, and 24/7 threat monitoring.

Audits & compliance

Customer deposits are fully collateralized with verifiable proof-of-reserves that are backed 1:1. The exchange performs regular, independent audits using cryptographic proof to verify that the total sum of all customer deposits is accounted for, without publicly revealing individual user balances.

The exchange also implements rigid know-your-customer (KYC) and anti-money-laundering (AML) procedures.

Regulatory licenses

The UAE’s Securities and Commodities Authority (SCA) issued a full Virtual Asset Platform Operator License to the exchange. This federal license means the exchange can offer numerous financial services, including trading, brokerage, custody, and fiat conversions across all the emirates.

Their Markets in Crypto-Assets Regulation (MiCA) license allows them to operate in the European Union.

Regulatory restrictions mean their services are limited in the United States, Mainland China, the United Kingdom, and Canada.

Past incidents & mitigation

In February 2025, the exchange was hit by a major hack that stole approximately $1.5 billion in Ethereum. The incident was one of the largest breaches in crypto history.

The company responded quickly, securing emergency funding from partners like Galaxy Digital and Wintermute within 72 hours to fully restore reserves. From there, they immediately committed to refunding affected customers, relying on their 1:1 reserve backing to protect customer balances.

The swift and transparent response highlighted their financial strength and dedication to user trust. The exchange strengthened its security systems and continued operations without disruption following the security breach. This helped restore confidence across its community.

Features & Tools

The platform is feature-rich and offers users various ways to trade cryptocurrencies. Their all-in-one accounts consolidate trading, giving users access to spot trading, spot margin trading, derivatives, and options through a single interface. Additionally, users can take advantage of various earning opportunities offered by the exchange.

Trading features

Bybit offers a wide range of crypto trading tools for all experience levels. It shines in derivatives, with options like perpetual contracts up to 100x leverage, futures, and options trading on major cryptocurrencies.

Beginners can take advantage of copy trading to follow and replicate strategies from top traders, while advanced users can access automated trading bots for more complex strategies.

Their upgraded Convert feature makes swapping between cryptocurrencies quick and simple, enabling fast portfolio adjustments with competitive rates.

Staking & earnings

Bybit Earn gives users the opportunity to earn passive income through various programs. This includes staking assets like Bitcoin, Ethereum, and other stablecoins and earning competitive returns.

The exchange also offers educational and promotional campaigns such as the Launchpool, which allow users to stake existing assets and earn rewards in newly listed tokens.

NFT Marketplace & crypto services

The platform gives users access to a fully functional NFT marketplace. The Bybit Card lets users spend their crypto by instantly converting it to fiat.

The exchange’s tiered VIP program rewards active traders and large asset holders with better benefits. VIP members gain lower trading fees, higher deposit/withdrawal limits, special rewards, and priority support. Dedicated VIP Ambassadors start at level 2. Each higher tier unlocks extra perks.

Mobile application

The Bybit mobile app delivers the full desktop trading experience—including spot, derivatives, copy trading, staking, and the Convert feature. All features are optimized for smaller screens, so you can manage your crypto anytime, anywhere. The app is available on iOS and Android and has been downloaded over 20 million times.

Poznan, Poland – March 26, 2025: Close-up of a phone displaying the Bybit app on the App Store, a cryptocurrency platform for buying, selling, and trading digital assets, tokens, and blockchain coins

Institutional & API tools

Their API tools allow users to programmatically interact with the platform’s core features, allowing users to build custom trading solutions.

They offer a suite of services to institutional clients, including a competitive fee structure, priority API access, institutional loans, and deep liquidity. Over-the-counter trading is available and facilitates high-volume trades at negotiated prices.

Usability & User Experience

Bybit provides well-designed interfaces that cater to a broad range of crypto traders, from advanced users to beginners.

Desktop & web interface

The web platform’s interface is modern and highly customizable, making it great for experienced investors who are familiar with advanced cryptocurrency trading. It features advanced charts, drawing tools, and technical indicators.

Transactions are quick due to the platform’s ultra-fast matching engine. This ensures traders can execute a high volume of transactions per second (TPS).

Bybit has two modes, Lite and Pro, to cater to beginners and experienced traders, respectively.

Mobile app experience

The mobile application offers the same functionality as the desktop platform, so you can manage all your trading from anywhere. Users can view snapshots of their portfolio if they are offline and use the integrated Web3 wallet to connect to DeFi apps on the go.

Learning curve

While the platform is excellent for experienced traders, new users may find it challenging at first. Thankfully, the exchange has gradually introduced features to simplify the trading experience. Beginners can use the Lite platform to learn the ropes and switch to the Pro trading mode when they are ready.

Customer support

Support is available around the clock via live chat, email ticketing, and a comprehensive help center. They offer multilingual assistance to their clients around the world.

The live chat usually gets faster responses than email inquiries, though waiting times vary depending on how complex the issue is.

Their help center is packed with documentation, video guides, and step-by-step tutorials, so it’s simple to search for solutions or get direct help from support agents when needed.

After the February 2025 hack incident, the company stepped up its support resources to better handle questions about security and compensation. VIP and institutional clients get extra attention through dedicated account managers and priority access to support.

Get Started

If you want to try out the exchange, sign up and explore their powerful trading tools today.

History & Background

The Bybit crypto exchange was founded in March 2018 by Ben Zhou, a former forex trader.

Originally based in Singapore, the company expanded its global footprint and moved its headquarters to Dubai in 2022. They cited the region’s supportive regulatory environment as the driving force behind the relocation.

Milestones & growth

Over the years, growth has been fueled by strategic partnerships and ongoing platform upgrades. It consistently ranks among the top five cryptocurrency derivatives platforms by trading volume.

It broadened its focus beyond derivatives, launching spot trading, staking, and Web3 features to stand alongside full-service exchanges.

Reputation & public events

Today, Bybit operates across several jurisdictions and holds licenses in Dubai, the British Virgin Islands, and other regions.

Its leadership continues to push for innovation, rolling out new products and crypto tools designed to keep pace with the fast-moving crypto market. This all contributes to their goal of becoming one of the best crypto exchanges available.

Final Thoughts & Verdict

Bybit is a great choice in today’s cryptocurrency market for people who want a reliable platform with proven crisis management and a broad set of features.

They deliver advanced features, competitive fees, and a versatile trading experience for beginners and professionals. Ongoing upgrades to usability, security, and trading options show their commitment to their community. The platform has set a strong standard for user protection in the crypto industry and makes it one of the safest crypto exchanges.