Bybit review
Derivatives-first venue that has been steadily buying its way back into regulated markets. Bybit built its reputation on perpetual futures and remains a derivatives-led exchange, though its spot market is now substantial.
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What it does well
- Very deep perpetual futures books, second only to Binance
- 0.055% taker on derivatives at the base tier
- Has moved towards regulated access rather than away from it
- Strong API and reliable matching engine under load
Where it falls short
- Closed to US and Canadian residents
- Derivatives-led product design is a poor fit for first-time buyers
- Suffered a major security incident in early 2025
- Fiat on-ramps depend on third-party providers in many regions
What Bybit is for
Bybit built its reputation on perpetual futures and remains a derivatives-led exchange, though its spot market is now substantial. Over the past two years it has moved deliberately towards regulated access — an FIU registration in India, a UK relaunch through a local intermediary, and EEA service through a MiCA-authorised entity.
Founded in 2018, based in Dubai, United Arab Emirates, it lists 600+ assets and supports EUR, GBP, plus local payment providers for fiat funding. Perpetual and futures contracts, taker 0.055% / maker 0.02% at base tier
Fees in practice
The headline rate is 0.1% maker / 0.1% taker at the base tier. Standard tier; VIP tiers reduce both sides.
The number that actually costs people money is rarely the headline one. One-click buy available with a spread on top of the quoted rate — that is the single most common way retail traders overpay, and it applies on almost every exchange that runs a "simple" and an "advanced" interface on the same account. If you take one thing from this page: find the trading interface, not the buy button.
Who can use it
Most markets, with EEA users served through a MiCA-authorised entity. Restrictions we are aware of as of 2026-09-15: United States, Canada, Singapore, China (mainland), Hong Kong, Iran, North Korea, Syria, Cuba, Crimea.
Two things to understand about these lists. First, they change — sometimes with very little notice, as several exchanges' exits from Canada and the Netherlands demonstrated. Second, account access and product access are different things: plenty of jurisdictions allow spot trading while blocking derivatives entirely.
Frequently asked questions
Is Bybit safe to use?
Bybit built its reputation on perpetual futures and remains a derivatives-led exchange, though its spot market is now substantial. Over the past two years it has moved deliberately towards regulated access — an FIU registration in India, a UK relaunch through a local intermediary, and EEA service through a MiCA-authorised entity.
No exchange is risk-free. The questions worth asking are whether it holds licences you can verify, how long it has operated, and whether it has ever lost customer funds. The answers are above, with links to the primary sources so you can check them rather than take our word for it.
What are Bybit's trading fees?
Spot trading starts at 0.1% maker and 0.1% taker at the base tier. Standard tier; VIP tiers reduce both sides. One-click buy available with a spread on top of the quoted rate
Work out what a specific trade costs with our exchange fee calculator. Fee schedules change — this was checked on 2026-09-15.
Which countries can use Bybit?
Most markets, with EEA users served through a MiCA-authorised entity. Known restrictions include United States, Canada, Singapore, China (mainland), Hong Kong, Iran and others.
Country lists move constantly, and product-level restrictions are usually stricter than account-level ones — an exchange may let you open an account but not trade derivatives. Always check the exchange's own restricted-jurisdictions page before depositing.
Does Bybit require KYC?
KYC required for fiat rails and for higher withdrawal limits.
Does Bybit offer futures or margin trading?
Perpetual and futures contracts, taker 0.055% / maker 0.02% at base tier
If you trade leveraged products, the liquidation heatmap and funding rates dashboards show where the rest of the market is positioned and what it is paying to stay there.