Bybit review

Review Of A Popular Derivatives Exchange With Low Fees

Bybit has a number of features that are competitive, including low fees. It supports a wide range of coins and also offers derivatives trading with margin. Its mobile application has a high rating in both the App Store and Google Play.

Bybit lets users deposit existing crypto into their wallets and then trade it on the exchange. It also offers inverse permanent contracts that use the underlying crypto as a margin. This allows traders to gain leveraged investment without having to invest fiat or stablecoins. This Bybit review will guide you to the best crypto exchange based on your needs.


When choosing the best cryptocurrency exchange platform, there are many factors to consider. These factors include trading costs, supported cryptocurrencies and security. It’s not always easy to select a highly-rated crypto exchange.

Bybit review

Bybit offers BTC leverage up to 100x. This allows experienced traders to make large profits from a small investment. It also offers a variety of advanced features. Bybit, for example, has a testnet where users can practice their strategies without risking any real money. This is useful for new traders who want to get familiar with the complexities of leveraged trading.

Bybit’s order-matching engine is another interesting feature. They claim it can process 100,000 transactions per second which is much faster than other exchanges. This means that it can handle a high level of volatility, and prevent downtime. Additionally, the platform has a cold storage wallet, which protects user funds from hackers.

The platform also offers different order types, such as limit and market. The platform also supports multiple payment methods and currencies including USDT. In addition, the platform has a plethora of APIs, which makes it easier for developers to automate trading.

Bybit is a great choice for most traders despite these shortcomings. It has a robust, multi-currency API and is available across many languages. Its trading interface has a simple navigation and the support staff are helpful. Users also enjoy the ability to receive price notifications and instant customer support from the app.

Trading options

Bybit is a simple, user-friendly platform to trade options. The site is packed with educational resources, and the metrics are easy to understand. This makes it an excellent choice for new traders. It also offers low fees for trading, making it a cost effective option for investors seeking to increase their potential return. The platform also offers a variety trading modes that suit different types of traders.

To trade options on Bybit, users must first deposit funds to their account. The site accepts a variety of fiat currencies, including USD, AUD, GBP, EUR, CNY, JPY, and more. Depending on the location, KYC could be required to complete certain transactions. Once funds are available, a call or a put option can be purchased.

On the Option’s page, you can see key indicators, such as the contract title, the current ask/bid1 and the 24-hour change in price. You can also select different margin modes by tapping on the ellipsis icon next to the tradable option.

Bybit offers many options trading tools such as Option Explore and Easy. Option Explore is an introductory tool for novices, while Easy is ideal for users who want to quickly take advantage of opportunities to profit from market trends without having to conduct extensive chart analysis.

Bybit’s USDC Options are margined and cash-settled, allowing for an efficient and convenient cryptocurrency trading experience. Users can choose between a range expiration dates such as daily, weekly bi-weekly monthly and quarterly. Traders can also benefit from the platform’s robust liquidity and market depth, as well as its low trading fees of 0.01% (Taker fee) and 0.01% (Maker fee).

Customer service

Bybit offers a great customer service for those who are new to crypto trading. Its agents are known for their quick response and helpfulness with any issues you may have. Moreover, they offer a variety of services to help you make the most of your experience. There is a trading bot that can execute your orders automatically for you and a technical support team with advanced skills. In addition, the exchange offers an easy to use interface that is available in several languages.

The company also offers a number of security measures to protect its users from hackers. For example, this exchange uses multiple signatures to ensure that only one person can access and withdraw money from your account. The site also uses SSL-encrypted communications to prevent online snooping. The company also offers a mobile trading app.

Create an account on Bybit’s official website to get started. You can sign up using your email address or mobile phone number, whichever is more convenient for you. You will be required to agree to terms and privacy policies, and to complete a reCAPTCHA validation. Once you have done this, you will receive a confirmation code from the exchange via email or SMS.

Sign up using a referral code to get a discount on trading fees. Bybit’s referral program is one of the best in the market, and you can earn commissions on every trading fee from users you refer.

Another unique feature of Bybit is its Copy Trading feature, which lets traders automatically replicate the trades of expert traders on the platform. This is especially useful for beginners who want to make their first profit in crypto trading. The feature also allows them to monitor their own performance, which helps them improve their skills.

Bybit claims it is clearing more than $500,000,000 in liquidity every day. This is a very high amount, especially considering that CoinMarketCap only reports the total volume of most major exchanges. It’s important to note that this figure doesn’t include the volumes of smaller exchanges. This is still a good number for a smaller exchange.


When choosing a crypto exchange, the level of safety is an important factor to consider. Bybit has the reputation of being one the most secure and reliable crypto exchanges. Their matching engine can handle up to 100,000 transactions per second and they claim that all trades are executed within 10 microseconds to prevent slippage. Additionally, they utilize multi-signature technology to ensure that the correct party is always in control of funds.

SSL-encrypted communication is another way that the company has taken steps to protect user information. This helps to protect against online snooping and phishing attacks. The site also uses multi-signature to protect all withdrawals and deposit so that no single person can control the user’s money. Bybit also has a mobile application that offers instant customer service.

The number of currencies supported by the exchange is another important feature. Bybit supports more than 100 coins and tokens, whereas some exchanges support only a few major crypto coins. This is a vast improvement over the few dozen coins and tokens that are supported by many other exchanges. The company also holds trading competitions, which are a fun and easy way to win Bitcoin.

Bybit, in addition to its centralized crypto trading platform has ventured into NFT with a marketplace which allows players to purchase and sell virtual assets. The marketplace often partners with game developers and individual artists to host exclusive sales.

Bybit also offers a mobile app for iOS and Android. The app is easy to use and has a number of useful features, including push notifications for price levels. It is available in the Apple App Store and Google Play, and has received positive reviews from tens thousands of users.