Bybit is one of the leading derivatives and spot trading platforms. In this comprehensive review, we'll cover everything you need to know about trading on Bybit.
Pros and Cons
✓ Pros
- Excellent for derivatives
- Low fees
- Copy trading feature
✗ Cons
- Not available in US
- Limited fiat options
Overview
Bybit launched in 2018 and has become a top choice for derivatives traders. The platform offers 300 cryptocurrencies for trading with spot, perpetual contracts, options, and copy trading.
Fees
Bybit charges competitive fees especially for derivatives. Maker fees start at 0.1% and taker fees at 0.1%. Derivatives fees are even lower at 0.01% maker.
Security
Bybit maintains strong security with cold wallet storage. The exchange uses multi-sig wallets, SSL encryption, and regular audits.
Supported Cryptocurrencies
Bybit supports over 300 cryptocurrencies including all major coins like Bitcoin, Ethereum, and Solana, as well as a wide selection of altcoins.
User Experience
The Bybit platform offers a sleek, fast trading interface designed for derivatives. Mobile apps are available for both iOS and Android.
Customer Support
Bybit provides 24/7 multilingual live chat support.
Who Should Use Bybit?
Bybit is best suited for derivatives traders and those who want copy trading features.
Final Verdict
Bybit excels for derivatives trading with some of the best liquidity and lowest fees in the perpetuals market.