Bybit Review 2025
Features, Fees, Security, and More
Intro | Pros & Cons | Key Features | Detailed analysis | Final Verdict
Introduction to Bybit
Bybit, founded in 2018 by Ben Zhou, is a centralized cryptocurrency exchange (CEX) headquartered in Dubai, serving over 10 million users globally. With a daily trading volume of approximately $10 billion as of May 2025, it ranks among the top 5 global exchanges (CoinMarketCap).
Known for its derivatives trading, Bybit offers spot, futures, and options markets, with a focus on institutional and professional traders. Its platform includes advanced tools like copy trading, staking, and a self-custody wallet, enhancing its appeal. However, it faces regulatory restrictions in certain regions, including a U.S. ban, and has mixed user feedback regarding customer support.
This review evaluates Bybit’s features, fees, security, and suitability for users in 2025, based on recent analyses from sources like Cointelegraph, CryptoNinjas, and Trustpilot.
Bybit Overall score: 8.3/10
Bybit’s performance is assessed across nine categories, with scores reflecting its strengths and weaknesses, derived from comprehensive research:
| Category | Score (1–10) |
|---|---|
| Security | 9 |
| Fees | 8 |
| Supported Assets | 8 |
| Features | 9 |
| User Experience | 8 |
| Liquidity | 9 |
| Customer Support | 7 |
| Regulation | 8 |
| Trust | 8 |
COINBASE Pros & Cons Summary
Pros
- Supports over 300 cryptocurrencies, with a focus on derivatives.
- Competitive fees, especially for futures trading.
- Advanced trading tools, including copy trading and staking.
- Strong security measures and no major hacks reported.
- High liquidity, ensuring fast trade execution.
Cons
- Restricted in some regions, including the U.S.
- Complex interface may challenge beginners.
- Mixed customer support feedback, with some delays reported.
- Limited fiat deposit options compared to competitors.
Trading Features & Products
Bybit offers a comprehensive suite of trading and financial products:
- Supported Cryptocurrencies: Over 300 digital assets, including Bitcoin (BTC), Ethereum (ETH), and numerous altcoins, with a focus on derivatives trading (Datawallet).
- Spot Trading: Provides market, limit, and stop-limit orders, with advanced charting tools integrated for precise trading.
- Derivatives: Includes futures and options trading with high leverage (up to 100x), catering to experienced traders (Coinbureau).
- Staking and DeFi Services: Users can stake assets like ETH for rewards, though options are limited compared to dedicated DeFi platforms (Hedge With Crypto).
- Other Features: Features copy trading, allowing users to follow professional traders, and a self-custody wallet for enhanced security (FXEmpire).
Detailed Analysis per category
Fees & Costs
Bybit’s fee structure is competitive, particularly for derivatives traders:
- Spot Trading Fees: Maker fees are 0.1%, and taker fees are 0.1%, with discounts for high-volume traders (FXEmpire).
- Futures Trading Fees: Maker fees are 0.01%, and taker fees are 0.06%, among the lowest in the industry (Datawallet).
- Deposit Fees: Free for cryptocurrency deposits; fiat deposits via bank transfer are free, but credit/debit card deposits incur a 2-3% fee.
- Withdrawal Fees: Vary by asset (e.g., 0.0005 BTC for Bitcoin); fiat withdrawals are free via bank transfer.
Security & Compliance
- Security Measures: Utilizes cold storage for 95% of funds, multi-factor authentication (MFA), and KYC verification, with no major breaches reported (CryptoNinjas).
- Compliance: Licensed in multiple jurisdictions, including Dubai and Canada, and complies with AML/KYC requirements. However, it’s restricted in some regions, including the U.S. (Coinwirez).
- Past Incidents: No significant security breaches reported, enhancing trust in its systems (NFTEvening).
Deposit & Withdrawal Options
- Fiat Deposits: Supports bank transfers and credit/debit cards, with free bank deposits and 2-3% fees for card deposits (Datawallet).
- Crypto Deposits: Free, with support for multiple blockchains.
- Withdrawals: Crypto withdrawals have variable fees; fiat withdrawals via bank transfer are free, with processing times of 1-5 business days.
User Experience & Platform Usability
- Web Interface: Professional-grade with advanced charting and customizable dashboards, suitable for experienced traders (BeInCrypto).
- Mobile App: Available for iOS and Android, offering full functionality including trading and staking, with high ratings (BitDegree).
- Performance: Reliable with high liquidity, though some users report occasional slowdowns during peak market activity.
Customer Support & Community Reputation
- Support Channels: Offers 24/7 live chat and email support, with a help center providing FAQs and guides (Coinbureau).
- Community Feedback: Mixed reviews on Trustpilot, with some users praising fast trade execution and others reporting slow support responses, with an average rating of 3.5 stars from 1,200 reviews (Trustpilot).
Final Verdict
Bybit Ratings Summary
| Category | Score | Justification |
|---|---|---|
| Security | 9/10 | Robust measures like cold storage, 2FA, and KYC, with no major breaches reported. |
| Fees | 8/10 | Competitive fees, especially for futures (0.01% maker, 0.06% taker), with VIP discounts. |
| Supported Assets | 8/10 | Over 300 cryptocurrencies, strong for derivatives but fewer than some spot-focused exchanges. |
| Features | 9/10 | Advanced trading options, including spot, futures, options, and staking. |
| User Experience | 8/10 | Professional interface with advanced tools, but may overwhelm beginners. |
| Liquidity | 9/10 | High liquidity, particularly for derivatives, with $10 billion daily volume. |
| Customer Support | 7/10 | 24/7 support via chat and email, but some users report delays. |
| Regulation | 8/10 | Licensed in multiple jurisdictions, including Dubai and Canada, but restricted in some regions. |
| Trust | 8/10 | Transparent operations with regular updates, but U.S. ban impacts accessibility. |
Who Should use Bybit
Bybit is a top-tier centralized crypto exchange, ideal for experienced traders and institutional investors seeking advanced features, high liquidity, and competitive fees.
Its extensive support for derivatives and staking options makes it a strong choice, particularly outside restricted regions like the U.S. However, beginners may find its interface complex, and mixed customer support feedback is a consideration. Users should verify regional availability and enable two-factor authentication (2FA) for enhanced security.
Overall, Bybit suits professional traders prioritizing advanced tools, but those needing robust support or spot trading focus may explore alternatives like Binance (Binance) or OKX (OKX).
Bybit Overall score: 8.3/10
Disclosure & Disclaimer
This review is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risks, including high volatility and potential loss of funds. Users should conduct their own thorough research before engaging with any platform. Bybit did not sponsor or approve this review. Our opinions are independent, based on comprehensive research, and aim to present a balanced view to help you make informed decisions. Some links to Bybit or other platforms may be affiliate links, meaning we may earn a commission at no extra cost to you, but this does not influence our editorial content.