Bybit Crypto Exchange Review 2025: Fees, Wallets & Trading Products Analyzed

Overview

Bybit has emerged as a leading cryptocurrency derivatives exchange since its 2018 launch, now serving over 10 million users globally. This review unpacks its:

• Leveraged trading options
• Security protocols
• Fee structures
• Platform features

👉 Discover how Bybit compares to top crypto exchanges

Key Features

Trading Products

Pros and Cons

Pros:

• 24/7 multilingual customer support
• Cold wallet storage for enhanced security
• Advanced order types (limit, market, conditional)

Cons:

• No regulatory oversight
• US clients restricted

Fee Structure

• Market Makers: 0.01% (derivatives), 0.1% (spot)
• Market Takers: 0.06% (derivatives), 0.1% (spot)
• No deposit fees (miner fees may apply)

Platform Technology

Bybit Terminal

• Processes 100,000 TPS
• 99.99% uptime reliability
• Customizable charts with 50+ technical indicators

Mobile App

• Full desktop functionality
• iOS/Android compatibility
• Real-time position monitoring

Security Measures

• Multi-signature cold wallets
• Mandatory 2FA authentication
• KYC verification for large withdrawals

👉 See security comparisons with regulated exchanges

FAQ

Q: What leverage does Bybit offer?
A: Up to 1:100 for BTC/USD contracts, varying by asset.

Q: Can UK traders use Bybit?
A: No - the FCA prohibits crypto derivatives trading.

Q: How do demo accounts work?
A: Virtual funds at testnet.bybit.com with full platform simulation.

Q: What's the minimum BTC withdrawal?
A: 0.001 BTC with 0.0005 BTC fee.

Q: Are NFT transactions fee-free?
A: Yes, zero fees on NFT marketplace trades.

Alternatives Comparison

Note: Derivatives availability varies by jurisdiction

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