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Bybit
Derivatives-focused exchange founded in 2018 with 0.02% base USDT perpetual maker fees
3.3/ 5
Our score
Fair
Maker fee
0.1%
Taker fee
0.1%
Coins listed
390
What is Bybit?
Bybit is a centralized cryptocurrency exchange founded in 2018, with spot markets, perpetual futures, copy trading and other trading products. Its base non-VIP spot fee is 0.1% for makers and takers, while USDT perpetual futures start at 0.02% for makers and 0.055% for takers.
Company and ownership
Ben Zhou founded Bybit and remains its CEO. Before Bybit, he was China general manager of the forex brokerage XM. The company was founded in Shanghai, moved its team to Singapore in 2021, and moved its headquarters to Dubai, United Arab Emirates, in 2022. Bybit reported more than 80 million users worldwide in August 2026.
Markets and account model
The exchange offers custodial trading through a centralized account. Its listed markets include spot crypto, futures, perpetual contracts, margin, P2P trading and copy trading. Current market data lists 390 coins and 522 trading pairs. Its wider platform connects to assets and networks including Ethereum, Bitcoin, Tron, Solana, BSC, Base, Arbitrum, Avalanche, Sui, TON and Polygon, among others.
Bybit also offers Bybit Odds contracts.
Fees and withdrawals
At the base non-VIP tier, spot trading costs 0.1% for both sides of a trade. USDT perpetual futures cost 0.02% maker and 0.055% taker. VIP 3 spot fees are 0.0625% maker and 0.0750% taker. On-chain crypto deposits and internal transfers have no Bybit fee, while on-chain withdrawals carry a fixed coin and network fee shown during withdrawal. A market-maker programme offers up to 0.015% in maker fee rebates.
Licenses and track record
Bybit holds a Virtual Asset Platform Operator license from the UAE Securities and Commodities Authority. The Austrian Financial Market Authority authorized it as a crypto-asset service provider under MiCA in May 2025, then granted Bybit Payments GmbH an electronic money institution license on August 4, 2026. Bybit acquired a majority stake in Indonesia's PT Enkripsi Teknologi Handal in April 2026, and the renamed Bybit Indonesia began operating under OJK supervision in July 2026.
Risks and limitations
Funds remain exposed to centralized custody and the exchange's operational and regulatory decisions. In February 2025, a hack caused approximately $1.5 billion in asset losses, described as the largest cryptocurrency theft on record. Perpetuals add liquidation risk, while withdrawal charges vary by coin and chain.
Founders
Ben ZhouFounder and CEO
Previously China general manager of the forex brokerage XM.
Best for:Perpetual futures tradersMulti-market crypto tradersCopy trading usersHigh-volume market makers
Pros and cons
Pros
- 0.02% base maker fee on USDT perpetual futures
- 390 coins and 522 trading pairs
- MiCA authorization from Austria's financial regulator
- UAE virtual asset platform operator license
- No Bybit fee for on-chain crypto deposits
Cons
- Approximately $1.5 billion was lost in the February 2025 hack
- Centralized custody creates exchange counterparty exposure
- Perpetuals and options carry liquidation and leverage risk
- Withdrawal fees vary by coin and blockchain
Our review
3.3/5
Fair
Bybit combines broad derivatives and spot markets with low base trading fees, but the $1.5 billion February 2025 hack remains a major custody risk.
Bybit is a centralized exchange founded in 2018 by Ben Zhou, who previously worked as China general manager for forex brokerage XM. The company moved its headquarters to Dubai in 2022 and reports more than 80 million users as of August 2026.
Base spot fees are 0.1% for makers and takers. USDT perpetual futures start at 0.02% maker and 0.055% taker. On-chain deposits have no Bybit fee, but withdrawals carry a coin- and chain-specific charge shown in the withdrawal window.
The exchange also offers copy trading, P2P and derivatives. Its reported licenses include a UAE Virtual Asset Platform Operator license, EU MiCA authorization through Austria and an Austrian electronic money institution license for Bybit Payments GmbH.
The central weakness is custody risk. In February 2025, Bybit lost about $1.5 billion in a hack, described as the largest cryptocurrency theft on record. The company remained active afterward, but the incident weighs heavily against its security rating. A centralized exchange exposes users to custody risk, while leverage creates liquidation risk.
Bybit suits active traders who need perpetuals, a large listed market and several trading formats in one account. Its product range is less suitable for holders seeking self-custody, or for traders who do not need derivatives and want to avoid exchange counterparty risk.
Specs
| Markets | Spot, Futures, Options, Margin, P2P, Copy trading · unverified |
|---|---|
| Maker fee | 0.1% · unverified |
| Taker fee | 0.1% · unverified |
| Coins listed | 390 · unverified |
| Staking / earn | Yes · unverified |
| Licenses & registrations | Virtual Asset Platform Operator license, United Arab Emirate, MiCA crypto-asset service provider authorization, Austria, Electronic money institution license for Bybit Payments GmbH · unverified |
| Futures & perpetuals | Yes · unverified |
| Copy trading | Yes · unverified |
| P2P market | Yes · unverified |
| Earn / savings products | Yes · unverified |
Not disclosed by the provider: Fiat deposit methods, KYC required, Accepts US customers, Proof of reserves, Mobile app, Security features, Max leverage (x), User protection fund, Referral program.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Spot crypto trading
Spot markets cover 390 listed coins and 522 trading pairs, with a 0.1% base maker and taker fee.
Perpetual futures
USDT perpetual futures charge 0.02% for base-tier makers and 0.055% for takers.
Copy trading
Copy trading lets an account follow selected traders through the exchange's centralized platform.
Multichain access
Supported networks include Ethereum, Bitcoin, Tron, Solana, BSC, Base, Arbitrum and Avalanche.
Crypto withdrawals
On-chain withdrawal fees are fixed by coin and chain and appear in the withdrawal window.
Earn products
The platform provides staking and other earn products alongside its trading markets.
Inside Bybit
Spot
Spot markets let users buy and sell listed cryptocurrencies. Bybit lists 390 coins and 522 spot pairs.
Derivatives
Derivatives markets include cryptocurrency futures and perpetual contracts. Base USDT perpetual fees are 0.02% for makers and 0.055% for takers.
TradFi
TradFi brings non-crypto markets into the platform, including U.S. stocks, gold, forex and indices traded with USDT.
Bybit Odds
Bybit Odds offers event-related contracts, including U.S. Midterm Election Contracts scheduled for November 6, 2026.
What users say about Bybit
Praise is limited but includes broad functionality and access to traditional assets. Users report account restrictions, frozen funds, withdrawal verification complaints, deposit delays, and template replies.
Top goods
In their own words
“Great updates It is good to see Bybit expanding its services to include traditional stocks.”
“Bybit gives me all that I need in the market”
“My Bybit Global account (UID [removed]) was permanently banned on 27 Aug 2026. A Due Diligence appeal (ID 01M1BN2C29S1JCSV7S72PXJFD5) has been "Ongoing" since 31 Aug. I submitted ALL requested documents on 31 Aug.”
“Bybit Tech Support doesn't understand blockchain. 0 USDC moved, contract reverted, but they claim "assets are in the receiving wallet". CASE ID: [removed] [removed]”
“EUR SEPA Deposit frozen for 3+ weeks / Endless Delays / Case ID: [removed]”
“Withdrawals frozen for 16 days, support only sends templates [removed]”
Scam warning: Imposter Bybit websites can trick users into sending funds; bybit.com is identified as the official website.
Scam warning: Fake Bybit sites and related impersonation scams are circulating, especially in restricted locations.
Based on 200 Reddit posts and comments from the last 12 months, checked Oct 18, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Bybit? Share your experience below.
FAQ
Who founded Bybit?
Bybit was founded in 2018 by Ben Zhou, who is its founder and CEO. He previously worked as China general manager for the forex brokerage XM.
What are Bybit's trading fees?
Bybit's base non-VIP spot fee is 0.1% for both makers and takers. Base USDT perpetual fees are 0.02% for makers and 0.055% for takers.
Is Bybit licensed?
Bybit holds a UAE Virtual Asset Platform Operator license and EU MiCA authorization from Austria. Bybit Payments GmbH also holds an Austrian electronic money institution license.
Is Bybit safe after the 2025 hack?
Bybit lost approximately $1.5 billion in a February 2025 hack. The exchange remained active and holds regulatory authorizations, but users still face centralized custody and derivatives liquidation risks.
How many coins and trading pairs does Bybit support?
Bybit lists 390 coins and 522 spot pairs. Its connected chain coverage includes Ethereum, Bitcoin, Tron, Solana, BSC, Mantle, Base and Arbitrum.
Does Bybit offer futures and perpetual contracts?
Yes, Bybit offers cryptocurrency futures and perpetual contracts. It also offers event contracts through Bybit Odds.
Latest from Bybit on X
New location. Same charts. 🫡 https://t.co/cRrZpiKxKk
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KOR Protocol is an onchain clearinghouse for creative assets. KOR gives each piece of work a verifiable record of who made it, what it is cleared for and how value should split, then routes it to buyers and settles payment automatically.
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Trade your way to the top.
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Recent public posts from @Bybit_Official, shown as published. Not reviewed or endorsed by CryptoReview.
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