Bybit Review 2025: Is This A Good Crypto Exchange?

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As cryptocurrency trading tends to metamorphose every other day, platforms are recommended to offer new emerging solutions. This Bybit review comes into play, and because it is all set to review everything about Bybit for the year 2025, it dives pretty deep into everything that makes it shine from other exchanges.

If one is super curious about the review of the Bybit application or looking into how the Bybit crypto exchange reviews, this is the perfect guide.

Bybit Overview: 4.1⭐ ChainPlay Score

Ease of Use: 4⭐

Intuitive interface on both web and mobile apps, suitable for beginners and professionals.

Security: 4⭐

Strong measures, including 2FA and cold storage. However, concerns arise from the broader industry’s vulnerability to hacks.

Fees: 4.5⭐

Competitive trading fees compared to other exchanges, with no deposit fees.

Customer Support: 3.5⭐

Available 24/7 via live chat and email but slightly delayed response times.

Trading Features: 5⭐

Comprehensive options including spot, derivatives, copy trading, and a robust trading bot system.

Withdrawal Process: 3.5⭐

Relatively fast withdrawals, but withdrawal fees may vary depending on the cryptocurrency.

Products & Rewards: 4.5⭐

Impressive offerings such as Dual Asset, staking, and high-yield savings plans.

Bybit is an exchange for cryptocurrency and offers multiple services to people at all levels of trading proficiency - right from beginners to advanced traders. Founded in 2018, currently, it has more than 60 million users worldwide on its platform for accessing spot and derivatives trading and various earning opportunities.

Trading Services

Bybit even provides spot trading on its platform where the user can buy and sell various coins. Besides, for those who are more interested in derivatives, Bybit provides futures contracts that allow a trader to speculate on the future price movements of digital assets.

Earn Products

Apart from trading, it has 'Earn' products that would help users grow their profiles in crypto such as savings programs or some other financial products to yield returns on the assets kept in the deposit.

Web3 Integration

True to the digital advancement trend today, Bybit has already launched Web3 services. The Bybit wallet is a doorway into the Web3 ecosystem for applications and interaction with both decentralized applications and managing digital assets effortlessly.

AI-Powered Tools

In addition to helping traders make reliable decisions, Bybit has also launched their Termed TradeGPT, which basically provides real-time data and market analysis through AI. Through this feature, the trading experience will be enriched by feeding insights critical for strategy development.

Security and Compliance

Bybit's communication regarding security is also heavily invested in compliance, operating with the licenses and permits of various regulatory agencies, the Virtual Assets Regulatory Authority of Dubai being one of them, and the Cyprus Securities and Exchange Commission.

The platform indeed provides strong security protocols to safeguard the entire user assets and information.

Customer Support

The reality is that user support has to be there. That is why Bybit has established 24/7 customer service that can attend to any inquiries or problems users may experience for a fully user-friendly experience to all its clients all over the globe.

What Is Bybit?

Bybit is a crypto exchange founded in 2018 which operates as a trading platform. It offers a number of other digital assets, including Bitcoin and Ethereum. Its services are available to both novice and expert traders.

Pros of Bybit

• Low Trading Prices: This provides cost-effective trading across spot, margin, and futures trading in Bybit.
• Wide Variety of Cryptocurrencies: The platform supports more than 650 cryptocurrencies that traders can opt for. 
• Advanced Trading Features: Various order types and leverage options are offered by the platform to satisfy all the demands of a professional trader.
• Solid Security Measures: The exchange imposes many layers of security such as 2FA and cold storage for the majority of funds to ensure more safety for users.
• Intuitive User Interface: The platform is intended to have a very simple design that makes it easier for beginner and professional traders alike to use.

Cons of Bybit

• Few Free Deposit Methods: Some deposit fees might be applicable; hence, this can be a factor to consider. 
• No Authorization in Certain Areas: Bybit services are restricted from a few regions due to regulatory limitations.
• Customer Service Dilemma: Some customers complained about the unresponsiveness of customer support. 
• Essentially Tailored for Advanced Traders: Students may have less of a learning curve while those having just begun may have some initial robustness.

Who Can Use Bybit?

It is an exchange for trading cryptocurrencies for people ranging from newbies to full-time traders.

Suitable For:

• Casual Traders: Bybit keeps a competitive trading fee and variety in cryptocurrencies, making it a great fit for those who occasionally trade. 
• Advanced Traders: For advanced traders who seek many features for trading sophisticated derivatives along with the margin options, this site has something for you. 
• To Users Around the World: Son of a Bybit lets more than 180 nations surf through it, while also making monthly payments through different currencies.

Bybit Trading Review

Bybit was established in the year 2018 with the main focus of gathering attention through proper trading services. Among its trading services, Bybit is a cryptocurrency-based trading exchange. Bybit is now well-known for its easy-to-use interface as well as the combination of numerous cryptocurrencies.

• Spot Trading: The trading service offered by Bybit enables buying and selling the cryptocurrencies at present prices within the market. It covers up to more than 650 cryptocurrencies, giving various options to trade. 
• Derivative Trading: Bybit allows its traders to take derivatives in terms of perpetual contracts and futures contracts that enable the customers to speculate the prices in the movements of a number of cryptocurrencies without having to take ownership of the underlying assets. It is ideal for those traders interested in leveraged trading.
• Margin Trading: While the trading activity goes on, traders will also use margin trading to increase trading using leverage, thus raising their positions. Bybit supports such leverage even to conservative and aggressive trading strategies.
• Copy Trading: Copy Trading in Bybit helps copy the trades of successful traders, thus helping users to use the services of more experienced traders for advice. It is good for beginners and interested in a looser holding approach.

Bybit Trading Bots Review

Bybit trading bots stand out in the MEXC vs Bybit comparison, offering advanced automation for seamless trading. These bots enable users to execute strategies effortlessly, optimize trades, and manage risks effectively. With diverse strategy support, Bybit's trading bots cater to both beginners and experts, making them a superior choice for crypto enthusiasts seeking automation and efficiency in their trading experience.

Bybit Fees Review

Here's an overview of Bybit fees. 

Bybit Earn & Savings Review

Bybit Earn is a powerful platform designed to help crypto investors efficiently manage and grow their digital assets. With competitive yields, a user-friendly interface, and robust security measures, it caters to a diverse audience, from cautious beginners to seasoned traders. Bybit Earn stands out due to its diverse range of products, ensuring that every type of investor finds an option tailored to their needs. This review delves into its core offerings, including Savings, Staking, Mining, and Loans, showcasing why Bybit Earn is a compelling choice for crypto enthusiasts.

Bybit Earn: A Versatile Platform for Investors

Bybit Earn comprises a suite of products that suit various risk appetites and investment goals. Whether you’re a risk-averse HODLer seeking steady yields or an adventurous trader exploring high-reward options, Bybit Earn provides a comprehensive selection. This versatility positions Bybit as one of the top platforms for earning crypto securely and efficiently.

Savings: A Low-Risk Path to Growth

Bybit Savings is tailored for investors looking for nearly risk-free earnings while enjoying flexibility. It offers two primary options: flexible-term savings and fixed-term savings. Both provide guaranteed annual percentage rates (APRs), making them ideal for individuals prioritizing stability over high-risk rewards.

Key Features:

• Risk-averse HODLers: Savings options are perfect for those who prefer low-risk growth while maintaining the security of their assets.
• Stable Yields: Investors can earn predictable returns with guaranteed APRs.
• Flexibility: The flexible-term savings option ensures users can access their funds anytime without penalties, offering convenience and liquidity.

Whether you are holding Bitcoin, Ethereum, or stablecoins, Bybit Savings allows you to grow your portfolio with peace of mind.

Staking: Unlocking High Yields

Bybit Staking offers opportunities to earn higher yields through various staking options. From stablecoins to popular altcoins, Bybit ensures users can maximize their earnings through simplified staking processes.

Staking Options:

1. One-Click Staking: Simplifies the staking process, making it accessible even to beginners.
2. Single-Asset Staking: Allows users to stake individual assets for rewards.
3. Multi-Asset Staking: Provides diversified rewards by staking multiple assets.

Notable Staking Products:

Liquid Staking:

Bybit's Liquid Staking is an innovative feature where users receive tokenized versions of their staked assets. These liquid tokens maintain the flexibility to trade or reinvest while still earning staking rewards. This DeFi advancement enhances liquidity and ensures users don't have to choose between earning yields and retaining access to their assets.

Popular Staking Options:

• Mantle Staking
• Solana Staking

Staking on Bybit is not just lucrative; it’s also secure and versatile, allowing users to explore various networks and assets.

Mining: Maximizing Earnings with Liquidity Pools

Bybit's Liquidity Mining leverages an enhanced Automated Market Maker (AMM) model to enable users to earn through liquidity pools. Investors can add their liquidity to these pools and earn proportional yields. For those seeking amplified returns, Bybit offers the option to use leverage, increasing their share of the pool.

Ideal for:

• Long-term Yield Seekers: Those focused on consistent returns over extended periods.
• DeFi Enthusiasts: Investors curious about decentralized finance and AMM-based opportunities.
• Bearish/Volatile Market Traders: Mining can be a profitable strategy even during downturns, offering diversification.

Bybit’s liquidity mining combines stability with the potential for high returns, making it an attractive option for DeFi-focused investors.

Loans: Flexible Borrowing Solutions

Bybit's Crypto Loans offer a convenient way to borrow assets while leveraging existing holdings as collateral. This feature is highly beneficial for investors who want to maximize their portfolio's utility without selling their assets.

Key Features:

• High Loan-to-Value (LTV): Allows borrowers to maximize the value of their collateral.
• No Repayment Penalties: Borrowers can repay their loans anytime without incurring additional fees.
• Instant Access: Borrowed assets are made available immediately, ensuring users can act quickly on investment opportunities.

Use Cases:

• Trading: Borrowed assets can be traded in Bybit’s Spot and Derivatives markets.
• Investment: Users can invest borrowed assets in Bybit Earn products to generate additional income.
• Liquidity Management: Borrowers can withdraw borrowed funds to external wallets or exchanges.

Bybit Loans empower users with flexibility and efficiency, ensuring they can capitalize on opportunities without liquidating their portfolio.

Dual Asset Investment

Dual Asset Investment is a versatile and short-term trading tool designed to enhance your investment journey by offering higher returns and greater flexibility. This product is tailored for both experienced investors and newcomers looking to optimize their holdings during various market conditions.

The Dual Asset Investment product enables you to select between two strategies: Buy Low and Sell High, depending on your market assessment and accumulated cryptocurrencies like USDT or other assets. The ultimate goal is to achieve higher interest yields while adapting to market volatility.

Who Should Consider Dual Asset Investment?

• Investors Comfortable Holding USDT or Crypto Assets: If you are confident in holding either stablecoins or your chosen crypto, this product can be a great fit.
• Investors Seeking Higher Yields: For those aiming to accumulate alternative assets during downturns or maximize returns, Dual Asset is an ideal choice.
• In Low-Volatility Markets: This product performs well when the market is stable, reducing risks while maintaining the potential for profitable returns.

By leveraging this innovative investment option, users can capitalize on market movements without needing to make complex trades, making it a convenient tool for diversified portfolios.

Bybit Card

Unlock More Exciting Features with Bybit Card

The Bybit Card is a game-changing solution for crypto enthusiasts, offering seamless virtual and physical payment options alongside impressive perks.

Go Virtual & Spend Instantly
The Bybit Card integrates with popular payment systems like Apple Pay, Google Pay, and Samsung Pay, making it easy to spend your crypto wherever you go. This compatibility ensures that your card can be used with a variety of payment providers for ultimate convenience.

Earn Up to 8% APR on Idle Funds
By enabling the Auto-Savings feature, your card balance can earn up to 8% APR** without requiring fund transfers between accounts. This allows users to grow their wealth passively while maintaining spending power.

Free Card Issuance, No Annual Fees
Enjoy a completely free card issuance with no hidden costs or annual fees. This lifetime benefit ensures you get maximum value without additional expenses.

Monthly Free Withdrawals
Withdraw up to 100 USD or its equivalent value for free every month. For amounts exceeding this limit, a modest 2% fee is applied, keeping costs predictable and transparent.

Free Worldwide Delivery
To ensure secure and fast delivery, Bybit has partnered with DHL to bring your physical card directly to your doorstep, no matter where you are.

The Bybit Card is designed to integrate seamlessly into your financial life while offering significant benefits, making it a must-have for crypto users.

Bybit Launchpad Review

Bybit Launchpad is a platform that offers users the opportunity to gain early access to tokens from promising projects. This service allows investors to capitalize on cutting-edge developments within the cryptocurrency space.

Key Metrics of Bybit Launchpad

• Total Committed Amount: $4,342,033,765
• Average Growth: 645%
• Participants: 2,309,207
• Projects Listed: 32

How Does Bybit Launchpad Work?

Bybit Launchpad operates through two primary methods:

1. Token Sale Subscriptions: Users can commit their MNT tokens to secure allocations in upcoming projects.
2. Allocation Lottery: By participating with USDT, users can enter a lottery system where winners are randomly selected to receive token allocations.

Your holdings during the snapshot period directly influence your subscription amount and lottery chances, ensuring fairness and transparency.

Bybit Launchpad has revolutionized early-stage investing, making it more accessible to a wider audience while maintaining high growth potential.

Bybit NFT Marketplace Review

The Bybit NFT Marketplace is a cutting-edge platform for listing and trading NFTs. It serves as a gateway for users to explore innovative digital art, collectibles, and GameFi items from creators worldwide.

Key Features of Bybit NFT Marketplace

• Diverse Asset Categories: The marketplace includes a variety of NFTs, such as digital art, collectibles, and metaverse-related items.
• Token-Based Payments: Each NFT is priced in a specific token like ETH, USDT, or XTZ. Users can only trade NFTs using the designated token for each listing.
• Zero Trading Fees: Unlike other platforms, Bybit offers fee-free trading, making it a cost-effective option for buyers and sellers.

Mystery Boxes

One of the standout features of Bybit’s NFT Marketplace is the availability of Mystery Boxes. These boxes offer a random NFT with one of four rarity levels:

• N (Normal)
• R (Rare)
• SR (Super Rare)
• SSR (Super Super Rare)

You can choose to open the Mystery Box to reveal the NFT or trade the unopened box for potential profit. This gamified approach adds excitement and unpredictability to the trading experience.

Bybit NFT Marketplace continues to attract users with its innovative features, solidifying its position as a leading platform in the NFT space.

Bybit Referral and Affiliate Programs Review

Bybit offers robust referral and affiliate programs, allowing users to earn rewards and commissions by bringing new participants into the platform.

Bybit Affiliate Commission

Affiliates can earn monthly revenue for every user they introduce to Bybit. The commission structure is designed to provide long-term earnings based on trading activity, making it a lucrative opportunity for content creators, influencers, and marketers.

Benefits of the Bybit Affiliate Program

• Exclusive Portal: Affiliates gain access to a dedicated portal where they can track earnings, view new product offerings, and manage their accounts efficiently.
• World-Class Support: Bybit provides exceptional account services and support to ensure affiliates have all the resources they need to succeed.
• Strong Community: Affiliates become part of a vibrant community that fosters collaboration and shared growth.

The Bybit Referral and Affiliate Programs are among the most rewarding in the industry, providing ample opportunities for individuals and businesses to generate passive income while supporting the platform’s growth.

The Safety Of The Exchange: Bybit Security Review

Bybit is a cryptocurrency exchange that is known for its rock-hard emphasis on user fund and personal information security. According to the exchange, it adopts a number of measures aimed at ensuring a secure trading environment.

• Cold storage: Bybit holds a majority of user funds in cold wallets-that is, offline and less exposed to hacking attempts.
• 2FA: The exchange strongly peddles its 2FA as an added security measure for users.
• SSL Encryption: It secures all data moving between the platform and the user by SSL Encryption.
• Regular security audits: Bybit also conducts regular audits of the security of its systems in order to identify and fix loopholes.

User Protection:

Bybit's insurance fund takes care of users that lose money in cases of unforeseen system failures or other such issues. This fund acts as a safety net, providing compensation in specific situations. 

Regulatory Considerations:

Although Bybit offers a number of security features, it is relevant to mention that the platform is not egged on by several regulatory wings that interfere with the funds. This is a worry for some users, as the lack of regulatory cover limits the layer of protection. 

User Feedback: 

No severe security incidents were recorded by the firm, thus affirming its commitment to asset protection. Motivation by the organization for the use of two-factor authentication (2FA) and other best practices that secure users.

Bybit Mobile App Review

Bybit's mobile application is fully loaded and well-versed for cryptocurrency traders. The application serves both iOS and Android users with a seamless trading experience while providing an intuitive graphical interface as a trading front. Users, regardless of skill, can thus efficiently access real-time market data, enabling information on customizable charts and advanced technical analysis tools.  

The app provides the capacity for trading: spot, margin, and derivative trading, with order types inclusive of limit, market, and conditional orders. With these features, a user may trade with precision and flexibility. Security is the top priority of the application with two-way authentication (2FA) and biometric log-in options to buttress the accounts. Bybit does not fail as the app always comes out with new enhancements to carry out reliable performance with excellent stability even during moments of market rage.  

The reviews of the users confirm that the application succeeds in efficiency and is designed with user-friendliness in mind and is therefore of benefit to the trading fraternity that wants access via mobile devices. However, some users do mention cases of the application sometimes failing to function properly. Thus it is worth taking a look at in future updates.

Bybit Customer Support Review

To help users, Bybit offers several customer support channels. The  24/7 live chat feature gives real time assistance, and email support is for more complex inquiries. There is also a help center with detailed guides and FAQs for self service.  

The user feedback on support is mixed. Therefore, customer support services are useful for traders with some areas for improvement.

How to Get Started with Bybit

To start using Bybit, which is a cryptocurrency exchange that provides a number of trading services,  follow these steps:

Step 1:

• Register Your Bybit Account with a Bybit Referral Code.
• Go to the Bybit website or download the app from the Google Play Store or Apple App Store.
•  Click on ‘Sign Up’ and choose whether you want to register with your email or mobile number.
• Enter your email or mobile number, choose a password, and insert a referral code if you have one.
• Finish the registration process by following the verification instructions.

Step 2:

• Complete Bybit Identity Verification
• Log in to your account and navigate to the 'Account & Security' section.
• Click on 'Identity Verification' and provide the required documents and personal identification information.
• This enhances account security and increases withdrawal limits, completing this verification.

Step  3:

• Deposit Funds
• After verification, go to the 'Assets' section and select 'Deposit.'
• Choose your preferred cryptocurrency or fiat currency for deposit.
• Follow the on-screen instructions to complete the deposit process.

Step 4: Start Trading

With funds in your account, go to the “Trade” section and select the trading pair you wish to trade. Choose the type of order (e.g. market or limit) and the amount you wish to trade. Check your order and trade it.

What Are the Alternatives to Bybit?

While Bybit vs Binance is a popular comparison, there are other alternatives. Bybit is a popular exchange, but there are other platforms that provide similar services. Some of them are:

eToro

A social trading platform where users can trade a variety of assets, including cryptocurrencies. eToro has a user-friendly interface and social trading features. 

Coinbase

For beginners, a user-friendly platform, a safe environment to buy, sell, and store cryptocurrencies,  Coinbase. Coinbase is famous for being compliant with regulations and easy to use.  Aside, from the Bitget vs Bybit comparison, Coinbase is another competitor. 

Kucoin

KuCoin, an exchange with a wide selection of cryptocurrencies and competitive trading fees, is known for that.  KuCoin offers various trading options, such as futures and margin trading.

Final Thoughts: Is Bybit a Good Crypto Exchange?

Bybit has a user-friendly interface, many trading options, and strong security measures, and is well known. It has many features that are useful for both new and experienced traders. But use this or any other exchange only after you know what you are doing and have done your due diligence. Comparing  Bybit with its alternatives can help determine the best fit for your cryptocurrency trading activities.

FAQs

Is Bybit trustworthy and safe?

Is Bybit safe? Yes, Bybit is considered a trustworthy platform. With a strong focus on security, the platform implements advanced measures such as multi-signature wallets, two-factor authentication (2FA), and robust encryption protocols. These features make Bybit a reliable choice for both novice and experienced traders. As highlighted in various Bybit review articles, users consistently praise the platform for its safety standards and transparency.

When considering a Bybit crypto exchange review, it’s essential to note that Bybit has maintained a strong reputation since its inception. This reliability extends to Bybit savings review products, where users can earn passive income without worrying about security risks.

Is Bybit better than Binance?

The comparison between Bybit and Binance often comes down to user preferences. Bybit review 2025 articles suggest that Bybit excels in certain areas like user interface simplicity and derivatives trading, making it an attractive option for specific audiences.

On the other hand, Binance offers a broader range of features, which appeals to users seeking a more extensive trading ecosystem. Many Bybit exchange review and Bybit copy trading review reports highlight Bybit's superior ease of use and faster transaction speeds, giving it an edge over Binance in some respects.

Is Bybit good for beginners?

Is Bybit good for beginners? Absolutely. The platform’s intuitive design, comprehensive tutorials, and responsive customer support make it an excellent choice for new traders. Bybit app review articles frequently emphasize its user-friendly interface, which allows beginners to navigate the platform with ease.

Additionally, tools like the Bybit trading bot review and Bybit earn review are tailored to help beginners automate trades and maximize returns. The platform also offers demo accounts, allowing users to practice trading without risking real assets, a feature highlighted in every review Bybit discussion.

Is Bybit legal in the USA?

As of now, Bybit is not fully accessible to U.S. residents due to regulatory restrictions. However, many users in the U.S. opt to use VPNs to access the platform. It’s important to consult the latest Bybit review 2025 or Bybit crypto exchange review articles to stay informed about Bybit’s compliance with local laws.

For traders outside the U.S., Bybit operates within a regulated framework and adheres to strict compliance measures. This commitment to legality is a common theme in Bybit affiliate program reviews and user feedback.

Does Bybit require KYC?

Bybit recently introduced a Know Your Customer (KYC) process for added security and compliance. Users must complete the KYC verification to access certain features, such as higher withdrawal limits and participation in Bybit savings review products.

Many Bybit review discussions praise this move as it enhances user trust. However, the platform still offers limited access to non-verified accounts, making it more flexible compared to competitors, as highlighted in Bybit app review and Bybit exchange review articles.

What types of trading does Bybit offer?

Bybit offers a wide range of trading options, including:

• Spot Trading: For direct asset exchanges.
• Derivatives Trading: Trade futures and perpetual contracts with leverage.
• Bybit Copy Trading: Automate your trades by mirroring the strategies of successful traders, a feature well-regarded in Bybit copy trading review articles.
• Bybit Bot Trading: Use AI-driven algorithms to optimize your trading strategies, a feature often commended in Bybit bot review discussions.

These options make Bybit versatile and suitable for both short-term and long-term strategies. As per every Bybit trading bot review and Bybit exchange review, the platform caters to diverse trading needs effectively.

Does Bybit offer any signup bonuses to its users?

Yes, Bybit frequently offers attractive signup bonuses to new users. These rewards can include trading fee discounts, bonus funds, or access to premium features. Details about these promotions are often included in Bybit affiliate program review articles, making it easy for users to take advantage of these offers.

Signup bonuses also extend to Bybit earn review products, where users can boost their returns through exclusive incentives. Regular updates about these bonuses are a common feature in reviewing Bybit content.

What is the minimum deposit requirement for Bybit?

Bybit does not impose a strict minimum deposit requirement, making it accessible to all types of traders. Whether you’re investing $10 or $10,000, Bybit accommodates your needs. This flexibility is frequently mentioned in Bybit crypto exchange review and Bybit savings review articles.

For traders using automated tools like the Bybit trading bot review, the absence of a minimum deposit ensures that even small investments can yield significant results.