Bybit Exchange Review (2025): Features, Setup Guide & FAQ

Introduction: What is Bybit?

Bybit is one of the fastest-growing cryptocurrency exchanges in the world. Launched in 2018 and headquartered in Dubai, Bybit started as a derivatives-focused platform but has since evolved into a full-service crypto ecosystem. Today, it offers spot trading, futures contracts, options, automated bots, copy trading, staking, yield farming, NFTs, and even a crypto debit card.

With over 20 million registered users across 160+ countries, Bybit has built its reputation around security, advanced trading tools, and competitive fees. Whether you’re a beginner taking your first steps in crypto or an advanced trader running complex strategies, Bybit provides a wide range of features to support your journey.

Bybit Features: A Complete Breakdown

Below is a detailed look at all the features Bybit offers:

1. Spot Trading

Bybit supports hundreds of crypto pairs such as BTC/USDT, ETH/USDT, and trending altcoins. With deep liquidity and low fees (0.1% maker/taker), users can enjoy fast order execution and minimal slippage. The platform integrates TradingView charts, allowing traders to apply advanced technical indicators, draw trend lines, and analyze patterns directly on the Bybit interface.

2. Futures & Perpetual Contracts (Derivatives Trading)

Bybit’s flagship offering is its derivatives market, where users can trade futures contracts with up to 100x leverage. Contracts are available in two types:

• USDT-margined contracts (stable and convenient).
• Coin-margined contracts (using BTC, ETH, or other coins as collateral).

This flexibility makes Bybit attractive to professional traders who want hedging options, directional speculation, or exposure without holding the underlying asset. The platform also maintains an insurance fund to prevent traders from incurring extreme losses during high volatility.

3. Options Trading

Bybit offers crypto options (currently for BTC, ETH, and expanding). Options allow traders to hedge against price swings or profit from volatility. Unlike futures, options give traders the right but not the obligation to buy/sell at a certain price, adding a sophisticated toolset for risk management.

4. Margin & Leverage Modes

Bybit provides multiple margin systems:

• Cross Margin – Shares balance across all positions, reducing liquidation risk.
• Isolated Margin – Isolates margin per trade, preventing one position from wiping out your account.
• Hedge Mode – Lets you hold both long and short positions simultaneously on the same contract.

These modes give traders more risk control and flexibility, especially when dealing with volatile crypto markets.

5. Advanced Order Types & Risk Tools

To meet professional standards, Bybit supports:

• Stop-Loss / Take-Profit orders for risk management.
• Trailing Stops to lock in profits as markets move.
• Conditional Orders triggered by price levels.
• Iceberg Orders for large trades without revealing order size.

These advanced tools ensure users can execute sophisticated strategies with precision.

6. Automated Trading Bots

Bybit’s trading bots make it easier to automate strategies:

• Grid Bot – Places buy and sell orders within a price range, profiting from sideways markets.
• DCA Bot – Automates dollar-cost averaging to accumulate coins over time.
• Martingale Bot – A high-risk strategy that doubles down on losses for higher recovery potential.
• Combo Bot – Customizable bot for advanced users combining multiple strategies.

These bots can run 24/7, removing the need for constant manual trading.

7. Copy Trading / Social Trading

For beginners or those lacking time, Bybit’s copy trading system allows users to mirror the trades of professional “Master Traders.” Followers can review performance stats before choosing whom to copy. Features like Smart Copy Mode and CopyGuard provide extra protection to prevent reckless strategies from harming followers’ accounts.

8. Bybit Earn (Passive Income Products)

Bybit isn’t just for active traders—it also caters to passive investors with its Earn suite:

• Flexible Savings – Deposit and withdraw anytime while earning interest.
• Fixed Savings – Lock funds for higher APYs.
• Crypto Staking – Stake ETH 2.0, DOT, SOL, and more.
• Dual Asset Investment – Earn high yields by depositing one crypto while betting on market direction.
• Liquidity Mining – Provide liquidity to pools and earn yield plus trading fees.

This makes Bybit a great option for users seeking steady crypto income streams.

9. Crypto Loans

Bybit lets users borrow crypto against collateral or lend crypto to earn interest. This feature enables traders to unlock liquidity without selling their holdings, a useful tool during long-term investment strategies.

10. Fiat Gateway & P2P Marketplace

Through Bybit’s fiat-to-crypto onramp, users can buy crypto using debit/credit cards, bank transfers, and third-party payment providers. The P2P marketplace connects buyers and sellers directly, often with zero fees, supporting multiple fiat currencies.

11. Bybit Launchpad & Launchpool

Bybit’s Launchpad allows users to participate in early-stage token launches by staking USDT, USDC, or BIT tokens. This gives retail investors access to projects before they hit major exchanges, often at discounted entry prices. Launchpool provides yield opportunities by staking tokens into liquidity pools.

12. NFT Marketplace

Unlike many exchanges, Bybit offers an NFT marketplace with zero gas fees. Users can buy, sell, and mint NFTs with ease. Bybit often hosts exclusive NFT drops in collaboration with artists, brands, and blockchain projects.

13. Bybit Card

The Bybit Card (powered by Mastercard) allows users to spend their crypto globally wherever Mastercard is accepted. It automatically converts crypto into fiat at the time of purchase, making crypto holdings more practical for everyday use.

14. Institutional Services

Bybit also serves institutional clients with:

• OTC Trading Desk for bulk trades with minimal slippage.
• API & Broker Programs for advanced trading infrastructure.
• Liquidity and Custody solutions tailored for institutions.

15. Referral & Affiliate Programs

Bybit rewards users for inviting friends. The Referral Program provides bonuses, while the Affiliate Program allows content creators, traders, and influencers to earn ongoing commissions from referred users’ trading activity.

16. Security Features

Security is Bybit’s top priority:

• 95% of funds stored in cold wallets.
• Multi-signature withdrawals.
• Insurance fund to protect against liquidation risks.
• 2FA, withdrawal whitelist, anti-phishing codes for user protection.

These measures make Bybit one of the most secure exchanges in the industry.

17. User Interface & Tools

Bybit’s interface is designed for both beginners and pros:

• TradingView integration with advanced charts.
• Customizable layouts with widgets and saved workspaces.
• Mobile App for iOS and Android with nearly all features available on desktop.

18. Fees & VIP Program

Bybit uses a tiered fee system:

• Spot trading: ~0.1% maker/taker.
• Derivatives: maker rebates (sometimes negative fees), taker fees around 0.055%.
• VIP tiers lower fees further, rewarding high-volume traders.
  

19. Education & Customer Support

Bybit offers Bybit Learn, a dedicated education hub with:

• Beginner guides
• Advanced strategy tutorials
• Webinars & market analysis

Customer support is 24/7, with multilingual staff available through live chat and email.

20. Compliance & KYC

Bybit enforces KYC verification for higher withdrawal limits and fiat services. Tiered levels ensure casual traders can start easily, while full KYC unlocks all features. Strict AML policies ensure compliance with global regulations.

How to Sign Up on Bybit (Step-by-Step Guide)

1. Go to Bybit.com and click “Sign Up”.
2. Enter your email or phone number and create a strong password.
3. Verify your account using the code sent to your email/SMS.
4. Enable 2FA security with Google Authenticator.
5. (Optional) Complete KYC verification by uploading your ID.
6. Deposit funds via crypto transfer, fiat gateway, or P2P.
7. Start trading, staking, or exploring Bybit’s features.
   

FAQ: Bybit Exchange

Q1. Is Bybit safe to use?

Yes. Bybit secures 95% of funds in cold storage, uses 2FA, and has an insurance fund to protect against volatility.

Q2. Do I need KYC to use Bybit?

Basic accounts can trade, but higher withdrawal limits, Launchpad, and fiat services require full KYC.

Q3. Can I use Bybit in the U.S.?

No. Bybit is restricted in certain jurisdictions (U.S., Canada, Singapore, etc.). Always check your country’s eligibility.

Q4. What are Bybit’s trading fees?

Spot fees are 0.1% maker/taker. Derivatives fees are lower, with VIP and BIT token holders enjoying discounts.

Q5. Does Bybit have a demo mode?

Yes, Bybit offers a testnet demo account for practicing trading with virtual funds.

Q6. How does Bybit Launchpad work?

Users stake USDT, USDC, or BIT to participate in new token launches, gaining early access to promising projects.

Conclusion: Why Choose Bybit in 2025?

Bybit has transformed from a derivatives-only exchange into a comprehensive crypto ecosystem. It now caters to every type of user:

• Beginners benefit from copy trading and bots.
• Investors enjoy staking, savings, and passive income products.
• Traders have access to spot, futures, options, and advanced tools.
• Institutions gain from OTC and liquidity services.

With strong security, competitive fees, and continuous innovation, Bybit stands as one of the top crypto exchanges of 2025.

A little extra for those who are to sign up to Bybit (All possible thanks to the Bybit Afilliate Program):

New users perks:
Deposit 100$ in crypto within 7 days = 10$
Deposit 100$ in fiat within 7 days = 7$
Deposit 100$ and trade 500$ within 7 days = 15$
Deposit 100$ and trade 10k within 30 days = a mustery box upto 1000$

I'll leave my referral link just in case you're interested to win the prices above: https://bybit.com/invite?ref=KE4MPRX