Reviews of Bybit CEX

I've been working with the exchange for a long time, I'm satisfied with everything.

A convenient exchange in terms of trading... a lot can be configured and automated. Including thanks to AI. Bots are easy to set up, many trading pairs. Also many coins and constant listings of new ones. The most important thing is that everything is ok in terms of reliability. I have never encountered a situation where they introduced any restrictions, etc. I trade from the RF, the app and the website work calmly without any hoop-jumping. And at the same time there’s no hassle, no additional checks besides the basic KYC verification at the very beginning that I did not go through.

Of all the checks on Bybit, there was only the standard KYC verification and nothing else. Never encountered any freezing of operations, including on-chain transfers. In this respect, the exchange is fairly lenient and works steadily without unnecessary surprises. That’s actually why I’ve been trading here for so many years.

Newbie in cryptocurrency. But I figured out without any problems how to buy USDT on Bybit via P2P to then transfer it to my brother. Turned out there’s nothing complicated) I liked the simple interface of the exchange. The crypto purchase deal went quickly, literally in about 5 minutes. I also calmly sent the transfer to my brother in a couple of minutes.

A decent exchange. Hard to find anything to complain about. Reliable, stable, loyal to Russians. With the ruble on p2p, with adequate support. Because of this, it's the only one I use right now. I moved all the crypto I had here so it would be more convenient.

If you're a US-based user, beware: availability and restrictions can be tricky.

I had to jump through extra hoops to use some features and eventually closed my account. Non-US users may not have the same problems, but do your homework if you're in the States.

I've been trading on Bybit for a year. Everything's fine. Lots of tools, lots of trading pairs. All the coins I need are there; new ones are listed regularly. Lots of interesting drops; the trading bots are easy to configure. Overall, for automating crypto trading, Bybit is very convenient. Nothing freezes; orders are always executed quickly.

It’s convenient for me. For transfers, all popular protocols are supported. As for the trading functionality, everything is excellent. Market fees are not high and there’s always an opportunity to reduce them, get a discount, etc. Overall, it’s most profitable for me to trade here right now.

I bought crypto on Bybit via P2P; for how long are they frozen? I can’t make a withdrawal.

My account has been blocked by the compliance team since November 2025. I submitted all the documents, corresponded by email, but zero. The profile page is supposedly verified, but I can't trade or withdraw. After a month even support stopped responding normally.

PHOTO ATTACHED

ALL exchanges are not perfect. My experience is as follows: I’ve kept a dep on Bybit since 2018. Not an active trader. No more than 40 trades per month.
Deposit 60k$+.

For all the time of operation - problems 0.
The only thing is long responses from tech support. BUT this seems to be normal nowadays.

Yes! I agree! This platform is a scammer’s platform for scammers))
I used it for about two years, but not often. As soon as I started using it every day, problems started: The exchange detected suspicious activity))) I only worked with my own account and my own bank.card, although if you look at the 2r platform, the first three pages of crypto sellers and buyers are scammers who work with third-party cards, basically mules. And despite this, they block you, not those morons. After a month of account restrictions and holding the money in the exchange’s account, I got an email from an unknown address, which I didn’t even open and deleted right away, and then it turned out they wanted to get some documents from me in exchange for unlocking the account. After long correspondences, where they tried all sorts of tricks, and I’m sure they pretended not to understand... They sent a letter and gave the option to withdraw usdt, but not btc. As a result, there was btc left in the account for about $18, which I couldn’t convert to usdt due to the account restrictions. I threatened them with a lawsuit for fraud. I wrote that I know their location in Dubai and would sue them ...)) Only after that, a week later, they gave the option to convert and take the money. Advice: Never keep money in exchange wallets, only in cold ones, where you have the keys, not them!

FOR A WHILE EVERYTHING WAS OK.

I traded on Bybit for months, everything was ok — good spreads, fast execution. But once I noticed strange debits. On May 2, 2024 I wrote to support — in response they automatically demanded a bunch of documents and stalled the withdrawal.

When I sent the documents, 3 weeks of silence went by.

I realized that you can't keep large sums on a centralized exchange, even if the interface is convenient.

By default, the scheme is like reloading the site, and they pump themselves for some reason on CEX. Apparently so that everyone thinks “wow, what a good token, I won’t sell since it’s expensive.”

Bybit can also credit deposits “gradually.” That is, on the blockchain the transaction may have been executed for 15 minutes already, but they will have Pending or not display it in the history at all.

and morpho has gotten cheaper)
and withdrawal on the base network on bybit has appeared.

The Bybit exchange is complete 💩, support doesn’t work at all, it simply doesn’t exist, questions and problems are not resolved. They dump whatever they want on clients. No one controls them and they don’t give a damn about anyone.

Problems start with withdrawals when you want to close the account. They won’t give the money back then. They’ll ban you and that’s it.

It’s interesting that the platform is fine with such boorish treatment of customers!. really. Does the administrator not know about the scammers’ tricks on this platform, or are they all in on it together?
Walk on by and beware of Bybit. Save your nerves and your money. nothing but deception.

Well, there are workarounds, yeah. But I won't trade on Bybit because of low liquidity and, as a result, high spreads on options. Deribit - one love.
P.S. Thanks for the info.

hi. tell me, maybe someone has encountered this
why could Bybit request verification via Face ID? bought a bunch of accounts with different geos, etc. At the same time, some accounts work fine, and on some they requested verification and froze the assets

It seems like everything has already been sorted out with Bybit. I also got caught up in their sweep. The guys did a good job, they sent a letter saying that additional information about the source of funds was required on January 1)) (I think it goes without saying that 99% of those who were sent these letters, including me, simply didn’t notice them)
Around the 20th of February, accounts were frozen, everyone panicked and rushed to support (and Bybit has very big problems with that), because of which you could only get a response after about 48 hours. Naturally, there was an uproar, the news RU channels were writing about it too, and as soon as replies started coming in, it turned out that the problem was due to ties with Garantex. Long story short, the Bybit admins descended from the heavens to the plebs, went through chats collecting IDs of those affected, and after about 24 hours the accounts were unfrozen (provided that you supplied all the necessary documents; in most cases people wrote that the money was from a bank and attached a fabricated statement). My timeline: February 27 ban – March 13 unban.
okx is a more reliable outfit; provide what they ask for, I think yours should be resolved faster.

Please tell me, has anyone sold on Bybit premarket from here? The order isn't being executed; I put the tokens into trading, they just sit there

Yeah, and on top of that, withdrawals from ББ are closed for now.

well, that’s clear, I just noticed back with arbi that baybit is a leakier cup after all and also has slightly lower prices than usual

You can make it through Bybit with it 😁
I got in a couple more places too, but, for example, Banana or Synapse don’t accept it.

Trading started on Bybit, I don't have a claim button.

idk, it’s already been 10 minutes and the tokens haven’t even shown up for credit yet on Bybit

Lost 35k on p2p. Don’t fall for the inflated rate, or for the story like “fiat card,” “Boobit will participate in the deal,” etc. Either the money goes straight to the card, or cancel the order.
Don’t be afraid of threats addressed to you for canceling the order, they’re clowns and won’t be able to do anything.
I hope to see news about how one of these comrades was found in pieces in bags in the forest.

scammers on 2r lost 55k very sorry. brothers cryptans be careful they are getting smarter and bubit does not ban them

I’ve been using it for about three months. There were definitely 20 transactions. So far everything is going not bad. It has a fairly simple interface, modern security certificates are used. But regarding stability, I agree with the other commenters. You need to stay alert)))

The exchange is fire

Bybit didn’t issue the coins twice after the launchpad. Before that I received coins, but since autumn, despite fulfilling all the conditions on my side, the exchange doesn’t issue the coins. Support only replies that they have a large influx of visitors and asks to wait.

I depo’d to Bybit a mini cutlet to buy BTC and withdrew right after, as a result I got VIP status.

Really pleased with support. They aggressively bite into Binance’s audience.

We also worked at our dawn in the VPD (proactively, brazenly, and service-oriented)

Did you give yourselves the ratings? How is the rating formed if there’s no way to vote?

Baibit thinks it can block your account without explaining the reason, keep that in mind.

This company is legitimate, however this was the SECOND and last time I’ll use them. TWO major instances where the app should have properly stopped my loss, by not placing / not modifying my order without notification, I lost my ENTIRE portfolio. I did research and found other people who had the same issue, and the only solution they had was switching to Binance. I’m trying to remain calm, but that’s two times I’ve lost large sums of money because my stop-loss doesn’t work. What’s wrong with the app that this happened now? I sent a detailed email request and a request to cover my funds due to the app failure. There are so many issues that I don’t see a reason to continue using the app or Bybit in that regard. my estimated total loss in this app is 800 dollars out of my initial 900, and I have never had problems that caused this loss on any other platform. My email was sent a few days ago, and it still hasn’t been answered. I lost such a large portion of my money, and I just want reimbursement of my Ethereum and USDT. I don’t care about potential profit or anything else, I just need my initial amount.
UID: 2193531

Update: I reached out to customer support twice. They weren’t invested at all, and they said that my issue was a different issue than what I explained, so they won’t help me. When I sent a reply, it was just bounced back to me. DO NOT USE THIS COMPANY AND DO NOT TRUST it. use BINANCE instead, so far it’s been nothing but issues with these guys.

Update #2: I’ve been in contact 5 times; waiting #6 with the platform error department. EVERY time I contacted them, they completely misinterpret my issue and say they can’t help me. Guys, are you not reading the details? There are so many complaints about similar things that I could seriously assume a class action is happening. Fix your app and reimburse people who lost money, don’t just apologize. 0/5, if I could.

It is a textbook example of what real cryptocurrency exchanges should be. Initially, the platform didn't handle funds at all, but now it's a pleasure.

Of all the exchanges, this is my favorite. Everything is clear, the exchange will be great for trading..

Out of many exchanges, at one time I decided to choose this one and did not regret it one iota. The main factors for me were withdrawals without commission, fast and adequate support, and, of course, the constant availability of a large number of tasks.