Bybit

Bybit has emerged as one of the most popular cryptocurrency exchanges, attracting traders with its advanced trading tools, diverse market offerings, and user-friendly experience. Whether you’re a beginner looking for a secure platform to start trading or an experienced investor seeking high liquidity and low fees, Bybit provides a comprehensive solution. 

In this guide, TopCoin9 will explore everything you need to know about Bybit, from its key features and supported cryptocurrencies to trading fees, security measures, and step-by-step instructions on how to get started.

What is Bybit?

Bybit is a leading cryptocurrency exchange specializing in derivatives and spot trading, designed to provide a seamless and efficient trading experience. Established in 2018 and headquartered in Dubai, Bybit has quickly grown into one of the most trusted platforms in the crypto space, serving millions of users worldwide.

With a focus on innovation, Bybit offers a wide range of trading options, including futures contracts, perpetual swaps, and spot trading, catering to both beginner and professional traders. The exchange is known for its high liquidity, competitive trading fees, and robust security measures, making it a preferred choice for those looking to engage in leveraged trading and advanced financial products.

Beyond trading, Bybit provides a suite of services such as staking, copy trading, and an intuitive mobile app, ensuring users have access to a comprehensive ecosystem for managing their digital assets. Whether you’re looking to trade Bitcoin, Ethereum, or a variety of altcoins, Bybit offers a reliable and user-friendly platform to navigate the dynamic crypto market.

What are the outstanding features of Bybit exchange? Please continue to follow below.

Key features of Bybit

Bybit stands out as one of the most feature-rich cryptocurrency exchanges, offering a variety of tools and services designed to enhance the trading experience. Below are the key features that make Bybit a preferred choice for traders worldwide.

• Advanced Derivatives and Spot Trading: Bybit is known for its robust derivatives market, offering perpetual contracts and futures trading with leverage of up to 100x. Additionally, the platform supports spot trading, allowing users to buy and sell cryptocurrencies directly.
• High Liquidity and Fast Trade Execution: With deep liquidity and a cutting-edge matching engine capable of processing up to 100,000 transactions per second, Bybit ensures fast trade execution with minimal slippage, even during high market volatility.
• Competitive and Transparent Fees: Bybit offers low trading fees, including maker rebates for derivatives trading. Its fee structure is transparent, with no hidden costs, making it an attractive option for both retail and institutional traders.
• Copy Trading for Beginners: For those new to crypto trading, Bybit offers a copy trading feature, enabling users to follow professional traders and replicate their strategies with ease.
• Staking, Earn, and Passive Income Options: Bybit provides various ways to earn passive income, including staking, flexible savings, and DeFi yield farming, allowing users to grow their crypto holdings over time.
• User-Friendly Mobile App and Interface: The Bybit mobile app and web platform are designed with an intuitive interface, making it easy for both beginners and experienced traders to navigate the markets efficiently.

With many outstanding features above, which cryptocurrencies does Bybit exchange support? Please continue to follow.

Supported cryptocurrencies on Bybit

Bybit offers a diverse range of cryptocurrencies, catering to both spot and derivatives traders. The platform continuously expands its listings, providing users with access to major coins, trending altcoins, and new tokens in the crypto ecosystem.

Major Coins Available for Trading

Bybit supports a wide variety of cryptocurrencies, including top-tier assets such as:

• Bitcoin (BTC) – The largest and most popular cryptocurrency.
• Ethereum (ETH) – A leading smart contract platform.
• Tether (USDT) & USD Coin (USDC) – Stablecoins are widely used for trading.
• XRP, Cardano (ADA), Solana (SOL), Polygon (MATIC), Dogecoin (DOGE), Avalanche (AVAX), and many more.

In addition to these major assets, Bybit regularly lists emerging cryptocurrencies, providing traders with opportunities to invest in high-potential projects.

Trading Pairs and Markets

Bybit offers multiple trading pairs across different markets, including:

• Spot Market – Direct buying and selling of cryptocurrencies with USDT, USDC, and other trading pairs.
• Derivatives Market – Includes USDT-margined and coin-margined perpetual contracts, allowing traders to take long or short positions with leverage.
• Options Trading – A newer addition to Bybit, providing traders with more sophisticated risk management strategies.
• Bybit Launchpad and Launchpool – A platform for early access to new token listings, allowing users to stake and earn rewards.

Traders can choose from a variety of pairs, including BTC/USDT, ETH/USDT, SOL/USDT, and many more, ensuring liquidity and market depth for seamless trading.

Bybit’s Role in the Derivatives Market

Bybit has established itself as a major player in the crypto derivatives space, competing with industry leaders like Binance and OKX. Some key aspects of Bybit’s role in derivatives trading include:

• Perpetual Contracts with High Leverage – Up to 100x leverage on select assets, giving traders the ability to maximize profits (while also increasing risk).
• Futures Trading with USDT and Coin-Margined Contracts – Traders can choose between stablecoin-margined (USDT) and crypto-margined (BTC, ETH) contracts, offering flexibility in their trading strategies.
• Risk Management Tools – Features such as auto-deleveraging (ADL), insurance funds, and stop-loss orders help traders manage risk effectively.
• Low Latency and High Execution Speed – Bybit’s matching engine processes up to 100,000 transactions per second, ensuring smooth execution even during high volatility.

Bybit’s robust trading infrastructure, wide asset selection, and innovative financial products make it one of the top exchanges for crypto traders seeking advanced trading opportunities. So what are the Bybit trading fees? Please continue to follow the section below.

Trading fees on Bybit

Below is the latest fee schedule of Bybit cryptocurrency exchange, you can refer to it.

Spot Trading Fees (Crypto-Crypto Pairs)

Non-VIP Users:

• Maker Fee: 0.1%
• Taker Fee: 0.1%

VIP Levels: Discounts apply based on VIP tier:

• VIP 1: Maker 0.08% / Taker 0.09%
• VIP 2: Maker 0.06% / Taker 0.08%
• VIP 3: Maker 0.04% / Taker 0.07%
• Higher VIP/Pro levels offer further reductions (e.g., VIP 3 might drop to 0.0625% Maker / 0.0750% Taker for certain volumes).

Calculation Example:

• If you buy 0.5 BTC at $40,000 using a market order (taker), the fee is 0.5 × 0.1% = 0.0005 BTC.
• For a limit order (maker), selling 20,000 USDT worth of BTC, the fee is 20,000 × 0.1% = 20 USDT.

Fiat-to-Crypto Trading Fees (e.g., USDT/EUR)

Non-VIP Users:

• Maker Fee: 0.15%
• Taker Fee: 0.2%

VIP Levels: Reduced rates apply, e.g., VIP 3 might be 0.0625% Maker / 0.0750% Taker. Fees depend on the higher of your 30-day trading volume or VIP level.

Derivatives Trading Fees (Perpetual & Futures Contracts)

Non-VIP Users:

• Maker Fee: 0.02%
• Taker Fee: 0.055%

VIP Levels: Lower fees for higher tiers:

• VIP 1: Maker 0.015% / Taker 0.045%
• VIP 2: Maker 0.01% / Taker 0.04%
• VIP 3: Maker 0.005% / Taker 0.035%

Settlement Fee (Futures Only): 0.05% (fixed, no VIP discount unless specified in campaigns).

Calculation Example:

• For a 10 BTC USDT Perpetual market order (taker) at $50,000, the fee is 10 × 50,000 × 0.055% = 275 USDT.
• For a limit order (maker), the fee is 10 × 50,000 × 0.02% = 100 USDT.

Options Trading Fees (USDT/USDC Options)

Non-VIP Users:

• Maker Fee: 0.02% of index price (capped at 12.5% of option price)
• Taker Fee: 0.02% of index price (capped at 12.5% of option price)
• Delivery Fee: Applied at expiration, varies by contract.
• Liquidation Fee: 0.06% × Option Traded Size × Index Price.

VIP Levels: Reduced rates apply (refer to Bybit’s Trading Fee Structure for specifics).

Calculation Example:

• For a 0.3 BTC call option traded at $3,000 with a BTC index price of $42,000:
• Trading Fee = Minimum (0.02% × 42,000, 12.5% × 3,000) × 0.3 = 2.52 USDT.

What types of transactions does Bybit exchange have? Please continue to follow the details below.

Bybit trading options

Bybit offers a wide range of trading options designed to meet the needs of both beginner and professional traders. From traditional spot trading to advanced derivatives and automated trading features, Bybit provides a comprehensive trading ecosystem.

Spot Trading

Spot trading on Bybit allows users to buy and sell cryptocurrencies at real-time market prices. Key features include:

• Over 400 trading pairs available, including BTC/USDT, ETH/USDT, and SOL/USDT.
• Low trading fees (0.1% for both makers and takers).
• Instant execution with high liquidity, ensuring minimal slippage.
• Zero-fee spot trading promotions on select trading pairs.

Bybit’s spot market is ideal for traders looking for straightforward crypto transactions without leverage.

Futures and perpetual contracts

Bybit is well-known for its futures and perpetual contracts, offering traders the ability to speculate on price movements without owning the underlying asset.

• Perpetual Contracts – USDT-margined and coin-margined contracts with up to 100x leverage.
• Inverse Contracts – Margin trading using cryptocurrencies like BTC and ETH instead of stablecoins.
• High-speed execution with 100,000 transactions per second, ensuring smooth order placement even during market volatility.
• Advanced risk management tools such as stop-loss orders, take-profit orders, and auto-deleveraging (ADL).

These features make Bybit a top choice for leverage traders looking to maximize potential profits.

Options trading on Bybit

Bybit has expanded its offerings to include crypto options trading, allowing traders to hedge risk and execute more advanced strategies.

• European-style options settled in USDC.
• Flexible expiration dates for different trading strategies.
• Low fees and deep liquidity, making options trading accessible to both beginners and experienced traders.
• Potential for high rewards while managing downside risk.

This feature is particularly useful for professional traders looking for sophisticated investment strategies.

Copy Trading and Other Features

Bybit provides additional tools to enhance the trading experience:

• Copy Trading – Beginners can follow experienced traders and automatically replicate their trades with just a few clicks.
• Grid Trading Bot – Automates buying and selling within a set price range to maximize profit from market fluctuations.
• Bybit Earn – Users can stake or deposit assets to earn passive income through flexible and fixed-term savings.
• Launchpad & Airdrops – Early access to new token listings and rewards for participating in promotional events.

With these diverse trading options, Bybit continues to position itself as a top-tier exchange offering both traditional and innovative crypto trading solutions. If you want to trade cryptocurrencies on the Bybit exchange, you can refer to the registration and trading steps below. Continue to follow.

How to Register and Start trading on Bybit

Getting started on Bybit is a simple process that involves signing up, verifying your identity, depositing funds, and familiarizing yourself with the trading interface. Follow the steps below to start trading on Bybit efficiently.

Creating an Account

To create a Bybit account, follow these steps:

• Visit the Bybit on the website.
• Click “Sign Up”, then choose to register using your email address or phone number.
• Create a strong password and enter any referral code if applicable.
• Click “Create Account”, then verify your email or phone number by entering the code sent to your registered address.

Once your account is created, you can proceed to the next steps to unlock full trading functionality.

Completing KYC Verification

Bybit allows basic trading without KYC, but completing verification unlocks higher withdrawal limits and additional features.

• Go to “Account & Security” in your settings.
• Click on “Verify Now” under the Identity Verification section.
• Upload a government-issued ID (passport, driver’s license, or national ID).
• Complete facial recognition by following the on-screen instructions.
• Wait for approval, which usually takes a few minutes to a few hours.

Once verified, you can access features like higher withdrawal limits, fiat deposits, and advanced trading options.

Depositing Funds

Before trading, you need to deposit funds into your Bybit account. There are three main ways to do this:

Crypto Deposit

• Go to “Assets” > “Deposit”.
• Select the cryptocurrency you want to deposit (e.g., BTC, ETH, USDT).
• Copy the Bybit wallet address and send funds from your external wallet.
• Wait for network confirmation, which usually takes a few minutes.

Fiat Deposit (P2P & Third-Party Services)

• Choose the “Buy Crypto” option.
• Select P2P trading to buy crypto directly from other users or use third-party payment gateways like Banxa and MoonPay.
• Follow the payment instructions and complete the transaction.

Credit/Debit Card Purchase

• Go to “Buy Crypto” and select “One-Click Buy”.
• Enter the amount and choose your payment method.
• Complete the transaction and receive crypto in your Bybit wallet.

Once funds are in your account, you’re ready to explore the trading platform.

Exploring the Trading Interface

Bybit offers an intuitive trading interface with essential tools and features:

• Market Overview – Displays real-time price charts, order books, and recent trades.
• Trading Pairs Selection – Choose between spot, futures, and options trading.
• Order Types – Includes market, limit, and conditional orders for precise trade execution.
• Leverage Adjustment – Modify leverage settings for derivatives trading.
• Trade History & Open Positions – Monitor active trades and past transactions.

The interface is designed to be beginner-friendly while still offering advanced trading tools for professionals. So what are the advantages and disadvantages of the Bybit cryptocurrency exchange? Please follow the analysis in the next section below.

Pros and Cons of using Bybit

Like any cryptocurrency exchange, Bybit has its strengths and weaknesses. Below is a breakdown of the key pros and cons of using Bybit.

Pros

Bybit exchange has the following strengths:

• User-Friendly Interface – Bybit offers an intuitive and well-designed platform, making it easy for both beginners and professional traders to navigate.
• Wide Range of Trading Options – Users can engage in spot trading, futures trading, options trading, and copy trading, providing diverse investment opportunities.
• High Liquidity – Bybit ranks among the top exchanges in terms of liquidity, ensuring smooth trade execution and minimal slippage.
• Low Trading Fees – Competitive spot trading fees (0.1%) and lower fees for derivatives trading, with discounts available for high-volume traders.
• Advanced Trading Tools – Includes leverage up to 100x on futures contracts, multiple order types, and risk management tools like stop-loss and take-profit orders.
• No Mandatory KYC for Basic Trading – Users can trade without KYC verification, though completing KYC unlocks additional features and higher withdrawal limits.
• Strong Security Measures – Features include two-factor authentication (2FA), cold storage for funds, and advanced encryption protocols to protect user assets.
• 24/7 Customer Support – Multilingual support is available via live chat and email, ensuring quick assistance for users worldwide.

Besides its strengths, Bybit exchange has some of the following limitations. Please continue reading.

Cons

Some limitations of Bybit exchange:

• Limited Fiat On-Ramp – While Bybit offers fiat purchases via third-party services, direct bank deposits are not supported in many countries.
• Restricted in Certain Countries – Bybit is not available in the U.S. and some other regions due to regulatory restrictions.
• High Risk with Leverage Trading – While leverage can amplify profits, it also increases the risk of liquidation, making it less suitable for inexperienced traders.
• Withdrawal Fees for Certain Assets – While deposits are free, some cryptocurrencies have higher withdrawal fees compared to other exchanges.

Bybit is a solid choice for traders looking for a feature-rich and secure platform, but it may not be ideal for those seeking a fiat-friendly exchange or a highly regulated environment.

Conclusion

Bybit is a top-tier cryptocurrency exchange known for its diverse trading options, competitive fees, and user-friendly interface. With strong security and high liquidity, it caters to both beginners and experienced traders. However, its restricted availability and leveraged trading risks are factors to consider. Overall, Bybit remains a solid choice for those seeking a reliable and feature-rich trading platform.