Bybit

Last updated: August 18, 2025

Bybit is an exchange founded in 2018 that allows users to trade cryptocurrency derivatives contracts with leverage of up to x100 and exchange cryptocurrencies, tokens, and fiat currencies on the spot market. Bybit offers perpetual contracts with USDT, USDC contracts, inverse contracts, options, a p2p market, an NFT marketplace, DEX, and Earn investment products. The Bybit cryptocurrency exchange is one of the top 10 platforms in terms of spot and futures trading volume.

Bybit offers welcome rewards of up to 50 USDT after registration and completion of tasks (for making your first deposit, passing verification, trading on the spot and futures markets).

Experts have studied the Bybit exchange, which is aimed at users from all over the world and of different levels of training, offering a multilingual interface and technical support, a demo account, round-the-clock operator support, and an effective and honest trading environment. We offer an overview based on personal observations and official information.

Key metrics (January 2025):

• Daily futures volume: $42.1B
• Daily spot volume: $8.7B
• Listed coins: 530+
• Trading pairs: 650+
• Google Play rating: 4.8 / 5

Bybit has grown into a full ecosystem for both traders and investors.

⚠️ Disclaimer

This material is for educational purposes only. Cryptocurrency trading and investments carry high risks. Always do your own research and assess potential losses.

General Information

Régulation et restrictions dans le monde

Bybit fonctionne comme une plateforme mondiale de crypto-monnaies, mais n’est pas autorisée dans toutes les juridictions. Les utilisateurs doivent vérifier la disponibilité dans leur pays avant de s’inscrire.

Points clés :

• Aux États-Unis, la surveillance est assurée par la SEC et la CFTC. Bybit n’y détient pas de licence officielle.
• Dans l’Union européenne, les crypto-actifs sont encadrés par le règlement MiCA.
• En Asie, la situation varie : Japon et Singapour imposent des licences strictes, d’autres sont plus souples.
• Bybit applique partout des règles KYC et AML pour renforcer la sécurité.

Conclusion : Bybit est accessible dans la majorité des régions, mais des restrictions existent selon les lois locales.

Main Bybit Products

• Spot trading: 530+ coins and 650+ pairs
• Futures: linear and inverse perpetual contracts
• Margin trading: up to x100 leverage
• Bybit Earn: staking, savings, liquidity mining, dual investments
• Launchpad: new token offerings
• Web3 wallet and NFT marketplace
• Copy trading: follow successful traders
• Bybit App: mobile trading and asset management

📝 Step-by-Step Guide for Beginners

1. Registration (The “Register” button is located at the top of the main screen of the official Bybit website, or go to the registration page. You can create an account linked to your email or mobile phone number. Select the desired option and fill in the fields provided. The phone number must be entered without the 8, and the password must be at least 8 characters long and contain numbers and capital letters. Enter the code you received by email or SMS. You need to hurry, because the code is only valid for five minutes. To log in to your account on the Bybit website, enter your registration email or mobile phone number and password. If two-factor authentication is enabled for your account, you will also need to enter the 2FA code.)
2. Login You can access your Bybit account by hovering your cursor over the account icon in the upper right corner and selecting “Account.” On the first tab, you can set up your account name, change your password, complete verification, and set up authentication in three ways: by email, SMS, or through the Google Auth app. At the bottom of the section, you can view your account login history. A separate tab is used to manage subaccounts — additional accounts within a single account. It is convenient to create subaccounts for different purposes in order to divide funds between them. Another tab is used to work with API keys. On the “Preferred Settings” tab, you can configure confirmations and notifications, as well as select which currency will be considered the primary one.
3. KYC Verification On Bybit, KYC is required for all actions except working with DeFi and demo accounts. To pass, you will need to provide proof of identity and undergo a facial verification. The third level requires confirmation of your residential address. Documents that are suitable for this purpose include utility bills, registration certificates, and bank statements.
   • Upload passport or driver’s license
   • Pass a selfie check
   • For higher limits, confirm address (utility bill, bank statement)
4. Deposit Deposits and withdrawals on Bybit are carried out in the “Assets” section by clicking the corresponding ‘Deposit’ or “Withdraw” buttons. To make a deposit, you need to copy the address (this can be done with a single click at the end of the line), then go to your usual wallet and transfer funds to this address. It is important to note that when selecting Bitcoin, you can only transfer Bitcoins, and the same applies to other cryptocurrencies. Otherwise, the coins will be lost. The deposit will be credited to your account after one confirmation from the miners. After confirmation, you will receive an email. Only users who have activated two security measures can withdraw funds. When withdrawing from your account, there is an “Add” button where you can add one or more addresses so that you can quickly select them later when withdrawing. Click “Withdraw funds”, specify the target wallet number and enter the desired amount. Confirm the action using any of the selected methods. Then you need to go to your email and follow the link sent to you. Follow the further instructions to create a withdrawal request. The transaction will be completed after 1 confirmation from the miners. You can also buy cryptocurrency with a card on Bybit, if this option is supported in your country. Go to the “Buy Cryptocurrency” section in the top menu and select “One-Click Purchase.” In this case, the exchange is carried out through a third-party provider, and the coins will be credited to your account within 5-10 minutes.
   • Go to “Assets → Deposit”
   • Select coin (e.g., USDT)
   • Copy wallet address and transfer funds
   • Or buy crypto with card or via Bybit P2P
5. First Trade
   • Open “Trade” section
   • Select a pair, e.g., BTC/USDT
   • Set leverage
   • Place market or limit order
   • Set stop-loss and take-profit

Fees and Limits

Bybit vs Binance

Bonuses and Promotions 2025

• Up to $50 USDT for registration and completing tasks
• 5% fee coupon for social media subscriptions
• Regular Bybit promotions
• Loyalty program for active traders

⚠️ Bonuses cannot be withdrawn directly. They are used for trading only.

The Bybit trading platform offers users a number of welcome bonuses: for example, subscribing to social media accounts earns you a 5% coupon that can be used to partially offset commissions. Information about all bonus offers can be found on the website.

Other bonuses are mainly for deposits or reaching certain trading volumes (see the page for current terms and offers). No bonuses can be withdrawn from the account. They can only be used for trading, and then the profits can be withdrawn. 

Security

• 2FA (SMS, email, Google Authenticator)
• Cold storage of funds
• AML transaction checks
• Insurance fund and risk-hedging mechanisms
• Automatic risk controls

Bybit Earn and Web3

The exchange offers a range of investment products that allow you to earn passive income simply by investing unused cryptocurrency. The risks are minimal, although they cannot be ruled out entirely.

You can use different currencies to earn money, depending on which ones are supported by a particular instrument.

• Staking (PoS coins)
• Dual investments
• DeFi liquidity mining
• NFT marketplace (payments in ETH, USDT, XTZ)
• Bybit Wallet for decentralized Web3 access

Reviews (2025)

• Trustpilot: 2.6 / 5
• Google Play: 4.8 / 5
• App Store: 4.7 / 5

Pros (✅): simple UI, fast withdrawals, low fees

Cons (❌): account freezes on AML violations, rare withdrawal delays

Ultimately, ByBit is a convenient and reliable trading exchange with reasonable commissions, strong technology, and an intuitive interface. The platform can be a good alternative to many exchanges that are currently considered leaders in the derivatives trading industry.

The exchange has developed significantly in recent years, acquiring a host of modern and relevant features, from investment products to Web3. Additional bonuses and a demo account are a good solution for learning cryptocurrency trading.

❗❗Negative reviews that can be found on the internet are usually related to problems with withdrawing funds or account blocking. The reason is most often due to insufficient attention to the exchange’s rules. Bybit, like almost everywhere else, has AML protection in place, and all transactions are checked for legitimacy. When transferring funds to this exchange from a mixer or the sanctioned Garantex exchange, you risk having them blocked, at least for the duration of the investigation. 

Conclusion

Bybit is among the top exchanges in terms of cryptocurrency futures trading volume and is considered one of the most liquid platforms on the market. With its focus on security, fast and smooth operation, and functionality, Bybit is a comfortable platform for crypto traders. With the launch of a spot trading platform in addition to the futures platform, and the ability to trade long and short positions, it is an excellent place to effectively use the volatility of the crypto market to earn money.