Bybit is an advanced crypto derivatives exchange, ideal for experienced traders who want to work with futures, perpetual contracts, options, and margin trading. Since its launch in 2018, Bybit has become a major global player thanks to its deep derivatives liquidity, easy access to fiat deposits and withdrawals, and a strong focus on platform security. Notably, Bybit has never been hacked since its inception.
In 2025, Bybit offers several key advantages for pro traders:
Bybit was founded by former forex broker Ben Zhou, who still leads the company today. Originally launched in Singapore and Hong Kong, Bybit’s HQ is now in the UAE, with legal registration in the British Virgin Islands. Bybit sets itself apart by specializing in derivatives, high leverage, and a seamless user experience for pro traders.
In addition to spot trading, Bybit uses an NDD (No Dealing Desk) model for margin trading. The platform processes large trade volumes with ultra-low latency and supports advanced algorithmic trading, including auto-trading bots and API integration.
Spot trading is limited to just 4 coins, but derivatives coverage is vast—over 250 contracts, including perpetuals, reverse perpetuals, classic futures, and USDC options. Bybit supports advanced strategies for Bitcoin, Ethereum, Litecoin, and most top cryptos.
Perpetual and futures contracts let you hold positions as long as needed; options contracts provide flexible risk management. Reverse perpetuals allow for settlement in crypto rather than stablecoins.
Trading fees depend on whether you’re a maker or taker, and the type of contract (spot, futures, options). Fees are competitive with the rest of the industry; higher volume or holding more assets on account unlocks fee discounts. Crypto deposits are free; withdrawals are subject to blockchain network fees.
For perpetual contracts, a funding fee applies to keep contract prices in line with the underlying index. Depending on the market, long or short positions pay this fee to each other every few hours.
Bybit was one of the last major exchanges to require minimal KYC, but as of 2024, full identity verification is now mandatory for unrestricted access. The process is straightforward—upload ID documents and a selfie. Without KYC, your account will have severe limitations.
Bybit Earn offers staking, liquidity mining, and other passive income products. Annual yields range from 2–5% for top assets, with much higher APYs for riskier coins. Launchpool lets you earn rewards by providing liquidity for new tokens and projects.
The Bybit Help Center offers a lot of articles, but navigation can be tricky, especially for beginners. Live chat support may involve wait times, which is common in the crypto industry. You can always open a support ticket—responses typically arrive within 24 hours.
This Bybit exchange review confirms it remains a top-tier, secure, and innovative platform for advanced traders interested in futures, perpetual contracts, options, and high-leverage strategies. Spot trading is limited, and there’s a learning curve for new users. But if you’re seeking aggressive strategies, algorithmic trading, or diverse derivatives investment, Bybit is a strong choice in 2025.
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Information updated July 2025
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