Founded in 2018, the Bybit (Futures) exchange is a centralized platform. According to CoinGecko, the exchange has a low (0) trust score. As of August 2025, 0 cryptocurrencies are traded on the exchange, with being the most active trading pair. The highest trading volume in the last 30 days was reached on 12 May, amounting to 1,092,104 BTC.
ByBit is a promising cryptocurrency exchange founded in March 2018 in the British Virgin Islands, with an office in Singapore. Despite its young age, it successfully competes with exchanges like BitMEX. Its founders include specialists who previously worked at BAT and Morgan Stanley, and the CEO is Ben Zhou. The platform's interface operates in 7 languages, including Russian.
In a short time, ByBit has become one of the main players in the cryptocurrency derivatives industry: by the end of 2020, it ranked among the top five exchanges that allow futures trading. You can trade bitcoins, Ethereum, EOS, and XRP. Fiat currency trading is not available on ByBit.
Traders are attracted by the speed of the platform and its ease of use. ByBit claims to be able to process 100,000 transactions per second. The advantage of the exchange is that you will not lose money while trading when the platform is overloaded or when the coin price is very volatile. There is no wallet on the exchange; users add their existing Bitcoin or Ethereum wallets. Our cryptocurrency wallet rating
You can conduct margin trading on the platform, with some cryptocurrencies allowing leverage of up to 100x. Using leverage, you can achieve greater profits with a relatively small deposit, but if you lose, you will lose your money much faster. This feature is intended for more experienced traders and is strongly not recommended for beginners in trading.
Advantages of ByBit:
Creating an account on the ByBit exchange is very simple, mainly because ByBit does not require a lot of personal data.
All you need is an email address or phone number.
The referral code for registering on ByBit. Below is the code for ByBit that allows you to receive a $10 bonus upon depositing from 0.02 BTC
By clicking the orange button, you will proceed to the next menu.
You can register on ByBit either by mobile number or by email.
After activating your account via email or SMS, you can start trading immediately.
When registering a demo account, you go through all the same steps; the only difference is that you are credited with trial coins to practice your trading skills.
The platform does not offer its own token or wallet, however, in the "Personal Account" section of ByBit, you can add your BTC or Ethereum wallet details.
All assets are stored in offline wallets, and the security software is based on a hierarchically deterministic structure for data processing.
If you already have one of the supported coins (BTC, ETH, XRP, EOS, USDT), you can easily send it to your unique wallet address on ByBit. If you do not yet have cryptocurrency that would allow you to fund your account, you can buy it directly on the platform using a credit or debit card. You can also purchase it on any other exchange and then transfer it to ByBit.
Log into ByBit, go to the "Assets" tab, and click "Deposit" for the cryptocurrency you are interested in.
After clicking on the "Assets" button, the trader will enter the next menu.
After clicking "Deposit", a pop-up window will open with your unique wallet address. Transfer funds to it from your wallet or another exchange. If you do not yet have cryptocurrency, you can purchase it directly using a credit or debit card by clicking the "Buy Cryptocurrency" button in Assets.
Test coins are located in the "Assets" section, where you need to click on "Deposit" next to BTC, and receive "Test Coins1", "Test Coins3", "Test Coins3".
Bybit does not accept deposits in fiat currency. To buy your first cryptocurrency, you will need a so-called entry exchange, which means exchanging fiat payments at an exchanger or on another crypto exchange.
Withdrawing funds works similarly, but instead of clicking the "Deposit" button, use the "Withdraw" button, and then enter your cryptocurrency wallet or exchange address. That's it. However, keep in mind that only users who have passed two-factor authentication can withdraw funds.
To encourage new users to register and trade actively, ByBit offers several types of bonuses and coupons available after registration via a referral link. A list of bonuses is available at this link. ByBit bonuses include:
Bonuses can only be used for trading; after liking on Twitter, you should fill out the following form
The fact that ByBit is designed for experienced traders does not mean that the exchange does not offer any support. ByBit has a 24/7 online chat. It operates in all languages that the interface can display. Additionally, traders can ask questions to the company's CEO on Twitter.
The platform uses real-time data from TradingView, with delays of fractions of a second. All operations can be performed both with leverage and by trading only with your own money.
Suppose you have $10,000 in your trading account, and you bet $100 on BTC when trading long (i.e., with an increase in value).
You do this with 100x leverage. If then BTC rises by 10% in value, and you only bet $100, you could earn $10. By betting $100 with 100x leverage, you would earn an additional $1,000 (that’s $990 more than if you traded without leverage). On the other hand, if BTC drops by 10%, you would lose $1,000 (that’s $990 more than if you hadn’t used leverage in your trading).
If a trader prefers trading perpetual contracts, the exchange offers a detailed guide https://youtu.be/R_DJ_I-Wxws
Each transaction occurs between two parties: the user whose limit order exists in the order book and the client placing a market order corresponding to that limit one. ByBit refers to traders placing limit orders as "makers" because their orders provide liquidity to the market. Takers are the recipients who "take" this liquidity with market orders.
On Bybit, the taker fee is 0.075%. Compared to the average global fee charged by regular centralized exchanges, 0.075% is quite low.
The maker fee is -0.025%. Suppose you place orders and buy cryptocurrency for $1,000. This means that instead of paying $1,000, you will only need to pay $997.50. This is a very competitive feature of the ByBit exchange.
When withdrawing BTC from the Bybit trading platform, you will have to pay 0.0005 BTC. This is 40% lower than the average global withdrawal fee for BTC (0.0008 BTC). Moreover, the platform itself does not take any money; this is a fee for the blockchain.
In its short career, Bybit has already established itself as a secure trading platform. Bybit supports an insurance fund that allows for the use of options strategies, which is not typical for other cryptocurrency exchanges.
When it comes to securing personal accounts, Bybit offers two-factor authentication using the Google Authenticator app, while Bybit does not require KYC verification.
Like most other leveraged exchanges, Bybit also has a referral program. In this program, for each referred client who deposits at least 0.02 BTC, you will receive a reward of $10. This is not the most generous referral program you've heard of, but it's better than nothing.
| Binance | Bittrex | Bitfinex | Bitmex | ByBit | |
| Number of Trading Pairs | over 250 | over 1000 | 92 | 7 | 4 |
| Date of Establishment | 2017 | 2015 | 2012 | 2014 | 2018 |
| Own Cryptocurrency | Binance Coin (BNB) | no | Tether | no | no |
| Margin Trading Capability | yes | no | yes | yes | yes |
| Trading Fee | yes, amount depends on trader status | yes, amount depends on trader status | yes, amount depends on trader status | yes, amount depends on trader status | yes, amount depends on trader status |
| Deposit/Withdrawal Fee | no | no | no | no | no |
| Multilingual Support (including Russian) | yes | no | yes | yes | yes |
| Number of Incidents from Establishment to 2020 (hacks, blocks) | 1 | 1 | 2 | none | none |
Opinions about the ByBit exchange are mostly positive, but as is known, there will always be exceptions. Advantages that users appreciate include fast support, reliable operation, and no issues with withdrawals. When it comes to negative reviews, people mainly complain about problems receiving bonuses or losing money when trading with leverage.
The advantages of ByBit include:
Pros
• наличие маржинальной торговли;
• оломиссий на ввод комисредств;
• взаимное страхование;
• возможность трейдить через смартфоны и планшеты;
• холодное хранение криптовалют с целью обеспечения максимальной степени безопасности;
• отзывчивая и компетентная онлайн-поддержка.
Cons
отсутствие собственных криптокошельков
использование аутсорсных решений в графиках (Tradingview)
низкие вознаграждения за привлеченных трейдеров
офис зарегистрирован в абузоустойчивом регионе
There are virtually no drawbacks identified; the only one might be the limited number of assets available for trading.
