Bybit

Item: Bybit
Rating: 3
Author: Teagle

Stop Loss Support

Tiered Fees

Asset Custody

Conditional Order Support

Teagle Score

امتیاز کاربران تیگل

(4)

Establishment Date2018

Minimum DepositDepends on the currency pair

HeadquartersUnited Arab Emirates

Trading Fees0.1%

Trading MarketsSpot, futures, copy trading, etc.

Number of CryptocurrenciesOver 2,400 digital currencies

Visit Bybit Compare with other Exchanges

Introduction to Bybit Exchange

Bybit is an international cryptocurrency exchange that was launched in 2018 by Ben Zhou in Singapore, but later relocated its headquarters to Dubai. The exchange initially started by focusing on derivatives and perpetual contracts and quickly established itself among the world's major exchanges. Today, with over 79 million active users in 241 countries, Bybit is considered the second-largest exchange in the world by trading volume.

Bybit's headquarters are currently located in Dubai, and the exchange has obtained valid licenses from various regulatory bodies, including Dubai's VARA, the National Bank of Georgia, and the Astana Financial Services Authority in Kazakhstan. Furthermore, in 2024, Bybit succeeded in obtaining the MiCAR license to provide services in 29 European countries under the name Bybit EU GmbH, headquartered in Vienna.

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Credibility and Security
Markets and Currencies
Financial Management
Features and Services
Limitations
Download Bybit Exchange Apps
Expert Review
User Comments

Global Ranking and Status of Bybit: Is Bybit Exchange Reliable?

Credibility and Security Review

With over $18.9 billion in total assets and ranking as the world's second-largest exchange by trading volume, Bybit is considered one of the most reputable cryptocurrency platforms. This exchange has received a 10/10 score from CoinGecko Trust Score and 75.5/100 from CryptoCompare, and holds international licenses from Dubai's VARA, Europe's MiCAR, and other regulatory bodies.

Supported Assets on Bybit Exchange

With over 2,400 cryptocurrencies, Bybit is one of the most diverse exchanges in the world, and it regularly adds new coins to its platform. Some of the most popular and actively traded assets on this exchange include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Avalanche (AVAX), which account for a high volume of daily trades. Furthermore, Bybit provides the capability to trade these assets across various sections, including the Spot market, Futures, Options, and even NFTs.

Bybit continuously adds new cryptocurrencies to its listing to ensure its users can take advantage of emerging investment opportunities. These are among the latest assets to be listed on Bybit; many of these coins are available for trading in the Spot market, perpetual contracts, and even through services like Savings and Convert.

جدیدترین ارزها

Monad (MON)
BEAT
GAIB
JCT
UAI
SENT
Pieverse (PIEVERSE)
ALLO
TRUST
ELIZAOS

Costs on Bybit: Withdrawal Methods and Fees

Fees and terms for deposits and withdrawals on Bybit

Bybit does not charge any additional fees for cryptocurrency deposits and withdrawals; you only pay the blockchain network fees. There is no minimum limit for cryptocurrency deposits, but there are daily withdrawal limits based on your KYC verification level. For example, users without KYC can withdraw up to $20,000 per day, while completing Standard KYC raises this limit to $1 million. Processing times for deposits usually take between 10 to 30 minutes, and withdrawals take between 5 to 15 minutes. Additionally, you can trade with other users via P2P completely free of charge and without any fees.

Important notes regarding deposits and withdrawals on Bybit:

For withdrawals without KYC, the daily limit is $20,000 per day and $100,000 per month.
By completing Standard (Level 1) KYC, the withdrawal limit increases to $1,000,000 (1 million dollars) per day and the monthly limit is removed.
By completing Advanced/Pro (Level 2) KYC, the withdrawal limit for non-VIP users increases to $2,000,000 (2 million dollars) per day.
Users can use the P2P service to buy and sell without extra fees.
Bybit supports various blockchain networks for deposits and withdrawals.

Bybit exchange trading fees

Trading fees on Bybit vary depending on the market type, VIP level, and whether you are a Maker or a Taker. For non-VIP users in the Spot market, the fee for both Maker and Taker orders is 0.1%.

In the futures market (Perpetual and Futures), the Maker fee is usually 0.02%, and the Taker fee is around 0.055%. Of course, by upgrading your VIP level, you can benefit from significant discounts on fees. For example, at the highest level (Supreme VIP), the Maker fee drops to zero in some markets. Also, by using MNT tokens to pay fees, you can receive up to a 25% discount on Spot and a 10% discount on Futures.

Services of Bybit Exchange

Bybit offers a wide range of peripheral services:

Earn Products:

Easy Earn: Ability to earn yields on idle assets with variable rates
Dual Asset: Structured product for earning from price volatility
Launchpool: Staking tokens to receive airdrops from new projects
Liquidity Mining: Earning income through liquidity provision

Other Services:

Bybit Card: Mastercard debit card for spending cryptocurrencies
Bybit Pay: Digital wallet payment system
Copy Trading: Automated copying of professional traders' positions
Trading Bots: Intelligent trading bots (Grid Bot, DCA Bot, Martingale Bot)
Bybit Wallet: Decentralized Web3 wallet

Restrictions: Is Bybit Exchange Sanctioned for Iranians?

Yes, the Bybit exchange is sanctioned for Iranians and does not officially provide services to Iranian users. Furthermore, Iranian IPs are completely blocked, and users need to use a VPN or VPS just to access the website.

Some of Bybit's restrictions for Iranian users include:

Iranian identification documents (National ID card, Iranian passport) are not accepted.
The country name "Iran" is not listed in the registration and KYC forms.
Iranian IPs are completely blocked.
Access to the site is not possible without a VPN or VPS.
KYC (Identity Verification) is mandatory for all users (including Iranians).
Without KYC, it is impossible to deposit, withdraw, or trade.
The daily withdrawal limit without KYC is $20,000 and the monthly limit is $100,000.
Some products such as Bybit Card and Fiat Services are not available to Iranians.
There is a Risk Limit restriction on perpetual contracts based on position size.
Using fake or invalid documents leads to a permanent account ban.
There is no fiat support (no Rial or cash deposits and withdrawals).

Bybit Exchange App and Software

Bybit Exchange App User Experience

The Bybit mobile app, with its modern and user-friendly design, provides one of the best trading experiences on mobile devices. The user interface is designed so that even beginners can easily navigate and utilize its various features. Some of these features include: