Bybit at a Glance — Rating 4.7/5
What Is Bybit?
Bybit was founded in 2018 and has grown into one of the world's largest crypto derivatives exchanges, with over 40 million registered users and daily trading volume exceeding $10 billion. It's headquartered in Dubai (with VARA regulatory approval) and operates globally except in the US, Canada, the UK, and a small number of restricted jurisdictions.
Bybit started as a pure derivatives exchange but has evolved into a full-service platform offering spot trading, perpetuals, futures, options, copy trading, grid bots, Bybit Earn, launchpad, and NFT marketplace. Its defining edge in 2026 remains copy trading — with 50,000+ professional traders accepting followers, it's the deepest copy trading ecosystem in crypto.
Unlike Deribit (specialized in options) or OKX (focuses on DeFi integration), Bybit's strategy is to be the best at derivatives broadly — fast execution, best mobile UX, and the most tools per platform. It consistently wins Best Derivatives Exchange in industry rankings.
Derivatives Leader
Top 3 by open interest globally. USDT and USDC perpetuals, inverse contracts, quarterly futures.
Best Copy Trading
50,000+ active signal providers with verified track records. Set allocation per trader, full autopilot available.
#1 Mobile App
4.8/5 App Store rating. Full feature parity between mobile and desktop, including copy trading management.
Bybit Fees 2026
Bybit's fees are competitive across all product categories. The derivatives fees (0.02% maker / 0.055% taker) are in line with OKX and Binance. You can reduce fees further by using BIT tokens for payment (10% discount) or reaching VIP tiers through trading volume.
| Product | Maker Fee | Taker Fee | Notes |
|---|---|---|---|
| Spot Trading | 0.10% | 0.10% | Reduced to 0.08% / 0.10% for VIP 1+ |
| USDT Perpetuals | 0.02% | 0.055% | Negative maker fee possible at high tiers |
| Inverse Perpetuals | 0.01% | 0.06% | BTC/ETH settled contracts |
| USDC Futures | 0.02% | 0.055% | Linear settled quarterly contracts |
| Options | 0.02% | 0.03% | USDC settlement, BTC & ETH only |
| Spot Grid Bot | 0.10% | 0.10% | Standard spot fee per executed order |
| Bybit Earn | — | — | Free — yield products, no trading fee |
Perpetuals & Futures on Bybit
Bybit's perpetuals are its core product. With up to 100x leverage on BTC and ETH, and up to 50x on major altcoins, it covers the full range of leverage needs. The exchange supports both USDT-margined (linear) and coin-margined (inverse) perpetuals, plus quarterly and bi-quarterly futures.
Bybit's Portfolio Margin mode is a standout feature for professional traders — it calculates margin across all positions holistically, allowing you to use unrealized profits from one trade to margin another. This significantly improves capital efficiency for traders running multiple positions simultaneously.
Up to 100× Leverage
BTC, ETH — up to 100x. Major alts up to 50x. Adjustable per position with real-time margin calculator.
Portfolio Margin Mode
Cross-position margin netting. Use unrealized PnL from profitable trades to cover margin on other positions.
Grid & TWAP Bots
Built-in automated trading. Grid bots for range markets, TWAP for large order execution with minimal slippage.
Unified Trading Account
Single account for spot, perpetuals, futures, and options. One shared margin pool, one interface.
Advanced Order Types
Market, limit, conditional, trailing stop, reduce-only, and post-only orders — full professional toolkit.
300+ Trading Pairs
BTC, ETH, SOL, XRP, and 295+ altcoin perpetuals. New pairs added regularly based on volume demand.
Bybit Copy Trading — Best in the Industry
Bybit copy trading is the platform's crown jewel and the main reason it attracts passive investors as well as active traders. With 50,000+ active signal providers, it's the deepest copy trading ecosystem in crypto. You can filter traders by ROI, win rate, max drawdown, trading frequency, and asset type.
Filter 50K+ traders by 30d ROI, max DD, win rate, assets traded
Fixed amount per trade or % of your portfolio. Set max position size and loss limits.
When the trader opens or closes a position, your account mirrors it in real time.
Monitor performance vs. benchmark. Stop copying any trader instantly at any time.
Spot Trading & Bybit Earn
Bybit's spot trading launched later than its derivatives product but now covers 500+ spot trading pairs with 0.10% maker/taker fees. The spot interface is clean and integrates directly with Bybit Earn — you can move funds between trading and yield products without separate withdrawals.
Flexible Savings
Earn yield on USDT, USDC, BTC, ETH held in your account. Rates range from 3–15% APY depending on asset and lock period.
Bybit Launchpad
Participate in new token launches exclusively for Bybit users. Early access to project tokens before exchange listing.
Institutional Staking
Fixed-term staking with locked APY up to 30%+ for select high-yield products. Timelock from 7 to 120 days.
Is Bybit Safe? Security Review 2026
Bybit has operated since 2018 without a significant security incident. It maintains 100% proof of reserves verified monthly via Merkle tree audits — meaning every user's funds are accounted for and overcollateralized. Here's the full security picture:
100% Proof of Reserves — Verified Monthly
User-verifiableBybit publishes Merkle tree PoR reports monthly, audited by independent third parties. As of March 2026, reserves are 101.3% — meaning assets exceed liabilities. Users can verify their own inclusion via cryptographic proof.
Cold Storage for 95%+ of Funds
The vast majority of user funds are stored in cold wallets (offline, air-gapped hardware). Only operational liquidity is held in hot wallets with strict transfer limits and multi-sig approval requirements.
Multi-Layer Account Security
2FA (Google Authenticator / YubiKey), withdrawal address whitelist with 48-hour delay for new addresses, anti-phishing verification code on all emails, and IP/device binding for sensitive operations.
VARA Regulated in Dubai
Bybit holds a Virtual Asset Service Provider license from Dubai's VARA (Virtual Assets Regulatory Authority). This provides a regulatory framework for dispute resolution and operational standards in a major financial hub.
Where Does Bybit Work?
Bybit is available in the majority of countries globally but is restricted in a small number of regulated jurisdictions. Always verify your country's status during signup.
How to Open a Bybit Account
Sign up with email or phone
Visit bybit.com and register with your email or phone number. Use a referral link (like mine) to receive a welcome bonus of up to $30,000 in rewards for new accounts.
Complete identity verification (KYC)
Standard KYC requires a government-issued ID + selfie. Takes 10–30 minutes for most users. Required for withdrawal limits above $20,000/day and for leverage trading.
Deposit funds
Deposit via crypto transfer (BTC, ETH, USDT, and 200+ others), credit/debit card (Visa/Mastercard), or bank transfer. Card purchases have a ~2% fee but are instant. Crypto deposits have no deposit fee.
Choose your trading product
Navigate to Derivatives → USDT Perpetual for leverage trading, Copy Trading for passive mirroring, or Spot for simple buy/sell. The Unified Trading Account makes moving between products seamless.
Pros and Cons of Bybit
- Best copy trading platform in crypto — 50,000+ signal providers
- 100% proof of reserves, Merkle-verified monthly
- Up to 100x leverage on BTC/ETH perpetuals
- Portfolio Margin for capital-efficient multi-position trading
- 4.8/5 mobile app — best mobile trading UX in derivatives
- $30,000 welcome bonus for new accounts
- Daily USDT affiliate payouts (relevant if you refer traders)
- VARA licensed in Dubai — regulated in a major hub
- Built-in grid bots and TWAP for automated strategies
- Not available in US, UK, Canada, Singapore
- Options product smaller vs Deribit (less liquidity, higher spreads)
- Customer support can have wait times during high-volume periods
- Leveraged products — high risk, not suitable for all traders
- KYC required for full functionality (privacy-focused traders may dislike)
- Competitive market — many similar exchanges at similar fees
Bybit vs Binance vs OKX
Full side-by-side across the 12 most important metrics.
| METRIC | Bybit | Binance | OKX |
|---|---|---|---|
| Est. Founded | 2018 | 2017 | 2017 |
| Users | 40M+ | 200M+ | 50M+ |
| Spot Maker / Taker | 0.10% / 0.10% | 0.10% / 0.10% | 0.08% / 0.10% |
| Perp Maker / Taker | 0.02% / 0.055% | 0.02% / 0.05% | 0.02% / 0.05% |
| Max Leverage | 100x | 125x | 100x |
| Copy Trading | Yes (50K+ traders) | Yes | Yes |
| Options | BTC, ETH (USDC) | BTC, ETH, BNB | BTC, ETH, SOL+ |
| US Available | No | No (Binance.US only) | No |
| Mobile App Rating | 4.8 / 5 ★ | 4.6 / 5 ★ | 4.7 / 5 ★ |
| Proof of Reserves | Yes (Merkle) | Yes (Merkle) | Yes (Merkle) |
| Welcome Bonus | Up to $30,000 | Up to $100 | Up to $10,000 |
| Affiliate Rate | 50% lifetime | 50% lifetime | 50% lifetime |
My Verdict — Should You Use Bybit in 2026?
Bybit is my primary trading platform for perpetuals and my go-to recommendation for traders who want a full-featured derivatives exchange with the best copy trading in the industry. The combination of 100x leverage, Portfolio Margin, 50,000+ copy traders, and a flawless mobile app is unmatched anywhere in 2026.
The only scenario I'd choose another exchange over Bybit: options trading (where Deribit is decisively better due to liquidity), or if you're US-based (where neither is available). For everything else — perpetuals, copy trading, spot, earn — Bybit is the top choice.
- Derivatives traders (100x leverage)
- Copy trading / passive investors
- Mobile-first traders
- Deribit for options trading
- Kraken/Coinbase if US-based
- Binance for spot & beginners
Bybit Review FAQ
Open a Bybit Account
Top 3 derivatives exchange. 100x leverage, best copy trading, 100% PoR. New accounts receive up to $30,000 in welcome bonuses.