Bybit ranks #3 on BitDegree’s exchange tracker, with a recent 24-hour trading volume of $2.82 billion and a 7-day volume of $2.74 trillion. This centralized exchange (CEX), founded in 2018, offers spot and derivatives markets, reverse contracts, and P2P trading, alongside services like liquidity mining, copy trading, and an NFT marketplace.
👉 Discover Bybit’s VIP benefits
Key Features of Bybit
Spot and Derivatives Markets
- 200+ cryptocurrencies supported with 300+ trading pairs.
- Margin trading available via main/sub-accounts, with fees varying by account tier.
- Leverage up to 100x (leveraged tokens cannot be withdrawn).
- Grid trading bots automate strategies based on market fluctuations.
Account Tiers and Fees
Bybit categorizes users into three tiers:
1. Non-VIP: 0.10% maker fee.
2. VIP 1–3: Maker fees range from 0.04% to 0.01%.
3. Pro (Loyalty): 0% maker fee for derivatives.
👉 Explore Bybit’s fee structure
| Tier | Maker Fee | Taker Fee |
|---|---|---|
| Non-VIP | 0.10% | 0.06% |
| VIP 1 | 0.04% | 0.05% |
| VIP 3 | 0.01% | 0.03% |
Derivatives Trading
- 100+ perpetual/quarterly futures contracts.
- Copy trading: Mirror strategies of top traders.
- Options trading: Euro-style linear options settled in USDC.
P2P and Fiat Services
- Supports 9 fiat currencies and 80+ payment methods (bank transfers, cards, PayPal).
- No deposit fees; withdrawal fees vary by asset (e.g., 0.0005 BTC for Bitcoin).
Additional Services
- Bybit Launchpad: Platform for new token launches.
- Bybit Earn: Staking and liquidity mining for passive income.
- NFT Marketplace: Mint and trade ERC-721 tokens.
- API Support: Tools for developers and institutions.
Company Background
Founded in 2018 by Ben Zhou, Bybit initially focused on derivatives before expanding to spot trading in 2021. Notable milestones:
– 2021: 500M users, $1.7T annual trading volume.
– 2022: Partnership with Red Bull Racing; 600M users.
FAQ
Q: What are Bybit’s withdrawal limits?
A: 2 BTC for Level 0 (no KYC); 50–100 BTC for verified accounts.
Q: Does Bybit support fiat deposits?
A: Yes, via P2P, cards, or bank transfers with no deposit fees.
Q: What leverage does Bybit offer?
A: Up to 100x for derivatives (varies by asset).
Q: How does copy trading work?
A: Users replicate trades of experienced investors automatically.
Q: Are there NFT trading fees?
A: Fees apply per transaction; check the marketplace for details.
Q: Can US residents use Bybit?
A: No, Bybit restricts services in the US, Canada (Quebec), and other regions.