Bybit was founded in 2018 and now serves over 70 million users worldwide. The exchange is known for its innovation and frequent promotions and token giveaways. Headquartered in Dubai, Bybit offers a variety of services, including spot trading, derivatives, futures, and a thriving NFT marketplace, catering to both novice and experienced traders.
Fees
Bybit offers competitive trading fees across all trading types, with additional discounts based on your asset balance or trading volume over the past 30 days.
Standard trading fees:
- Spot: Maker 0.1% / Taker 0.1%
- Futures: Maker 0.02% / Taker 0.055%
- Options: Maker - 0.02% / Taker - 0.02%
More detailed trading fees for spot, futures, and options trading can be found [here].
Criteria for obtaining VIP and PRO status can be found [here].
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Key features
Bybit is more than just a crypto exchange, it is a full-fledged crypto ecosystem. With Bybit, you can trade, earn, lend, pay with cryptocurrency, and much more. Let’s take a closer look at the key features and services Bybit has to offer.
P2P
P2P is a great way to buy and sell cryptocurrency for fiat at the best possible rate and with zero fees. Bybit supports more than 60 fiat currencies.
Bybit Card
Pay with cryptocurrency just like with a regular card for any goods and services using the Bybit Card. The card supports BTC, ETH, XRP, TON, USDT, USDC, MNT, and BNB. More cryptocurrencies will be added in the future!
The main advantage is that the card is issued for free, with no annual maintenance fees, and free delivery.
You also get additional benefits such as:
- Cashback from 2% to 10% on everyday spending
- 100% cashback with select partners (Spotify, Netflix, ChatGPT, and others)
- Earn up to 8% APR on idle funds
Islamic account
Bybit is the world's first crypto exchange to offer Shariah-compliant accounts for Muslim investors. The Islamic account was developed in collaboration with CryptoHalal and ZICO Shariah, and offers spot trading, a DCA trading bot, and a spot grid bot for more than 75 approved tokens.
Earnings
Bybit offers a variety of tools for earning with cryptocurrency — from stable, low-risk income to more risky options with higher APR.
Stable earnings
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Bybit Savings. This is essentially staking coins with a fixed or flexible APR.
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Onchain Earn. Interact with decentralized earning applications (staking, liquidity pools, lending).
Advanced (high-risk) earnings
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Liquidity Mining. Earn from swap fees by providing liquidity with a pair of tokens.
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Dual Asset Investment. This is a high-yield structured financial product that gives you the opportunity to buy or sell a digital asset at a price you specify and at a time you choose.
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Double Win. A short-term structured product that allows you to benefit from sharp market movements in either direction. Users earn profits if the settlement price goes beyond a specified range.
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Discount Buying. A way to accumulate your favorite coins at a price below the current market price while earning APR.
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Smart Leverage. A structured product designed for traders looking to make high-leverage trades over a specific period. You can open long or short positions on selected tokens with leverage up to 200x and will only incur a loss if the settlement price falls below the breakeven point at maturity. This product guarantees that your position won’t be liquidated before expiration.
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Capital Management. A service that helps users manage, plan, and invest their digital assets. It offers professional investment strategies and diversified portfolios to help users reach their investment goals.
If you are interested in advanced earning tools, it is strongly recommended to fully understand the mechanics and risks of each product before investing or taking any action, as these are high-risk products and you may lose your funds.
Loans
You can read about how cryptocurrency loans work here. In simple terms, you can borrow cryptocurrency by using another cryptocurrency as collateral. This is convenient if you temporarily need other tokens but don’t want to exchange your existing ones.
There is a risk of liquidation in lending, so before taking out a loan, make sure to understand how it works in detail.
In our opinion, flexible lending is a more convenient option compared to fixed lending, as there are no penalties for late repayment. However, fixed loans sometimes offer significantly lower interest rates, so it's always worth considering and comparing both options carefully.
OTC Trading
Are you a large investor? Great, Bybit offers OTC trading, which allows you to purchase tokens anonymously and in large amounts at discounted prices without affecting the market.
Trading Tools
Like other popular exchanges, Bybit has all the necessary tools for trading, including:
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Copytrading. Allows you to copy the trades of top traders.
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TradeGPT. AI-based trading.
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Trading bot. Customize or copy popular trading bots for more efficient trading.
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Leaderboard. Access a variety of trading tools for even more effective trading.
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TradingView. Take your cryptocurrency trading to the next level with the best charting and analytics tools.
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Gold&FX. Trade currencies, crypto, CFDs (metals, oil, and indices), and more on MetaTrader 5.
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Position builder. Add positions or strategies and view potential profits or losses.
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Demo trading. Learn to trade on the cryptocurrency market without risking your own capital.
Bybit is one of the top three largest crypto exchanges in the world, and deservedly so, as such a diverse number of features and services is not found on any other exchange. Its simplicity, reliability, and variety of features and functions make it one of the best crypto exchanges in the world. If you have experience using Bybit, be sure to leave your review!
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