Bybit Review 2023: Is It A Safe Exchange? Futures & More

★★★★★
★★★★★

Rating: 94%

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Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 94%

Claim up to $30,030 in Bonus

100x Leverage

Fees:
Taker:
0.075%
Maker:
-0.025%
Deposit Methods:
Wire:
Credit:
Crypto:
Is It safe?

Exchange Pros

  1. Excellent customer service.
  2. High liquidity.
  3. Easy to use.
  4. Great mobile app.
  5. Big sign up bonus.
  6. Low Fees.

About Bybit

Founded in 2018, Bybit is a cryptocurrency futures exchange based in Dubai. Bybit has grown to become one of the biggest and most respected crypto exchanges in 2023 with over 10 million users trading on the platform from around the globe.

In this Bybit review, we will be breaking down all there is to know about the Bybit platform, how to signup, the fees involved, and the kind of crypto assets you can trade on it.

Bybit Quick Facts

  • Bybit exchange operates under Bybit Fintech Limited – a company registered in the British Virgin Islands.
  • The Bybit executive team is filled with industry experts from the forex industry and banking sector like Morgan Stanley, Tencent, and other known institutions
  • Bybit offers three product lines to trade on Spot, Derivatives, and Options
  • You can trade various crypto products with leverage as high as 100:1 on the platform
  • You also get mouth-watering bounces when you sign up with our Bybit link
Bitcoin Price:
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What Makes Bybit Stand Out?

The Bybit eco-system has grown a lot from where it used to be in 2018. And throughout this growth, the Bybit executives have focused on two main things; User-friendliness, and Platform Security.

Bybit offers one of the most advanced, secure, and user-friendly platforms in the crypto industry. This platform caters to the needs of both retail and institutional traders alike and has the capacity to handle 135,000 TPS (transactions per second), which is far better than the competitors.

To this day, Bybit has never experienced a system overload, which is very promising and makes the platform very reliable. As an exchange, your reputation increases with up-time, and in 2023 Bybit is positioned to take a much bigger share of the market as their innovation and growth continue to drive more users to the platform.

Who Can Use Bybit?

The exchange is open to almost all traders over the world with the exception of a few countries. The platform has been translated into English, Chinese, Korean, Japanese, Russian, and a lot more. This list will only keep on growing as the Singapore-based exchange continues to aggressively expand and bring more regions under its control.

Still, there are some jurisdictions Bybit does not operate in and these include the likes of the USA, Syria, and the Canadian province of Quebec.

Why Choose Bybit Exchange?

  • One of the fastest transaction times with over 135,000 tps
  • Accepts up to 55 fiat currencies and 547 payment methods on its platform
  • Accepts credit cards to complete any kind of transaction on its platform
  • Supports spot trading with over 371 trading pairs, 60 tokens listed, and a $3.4b daily trading volume
  • Supports Futures trading for Inverse Perpetual, USDT Perpetual, and Inverse Futures
  • Best crypto Options trading platform with up to 5 professional options market makers as the exchange partners.
  • Bybit crypto loans allow you to use funds across the bybit ecosystem (spot/margin/futures trading) with low-interest rates of 0.0002%
  • You also get one of the industry’s biggest zero-trading fee campaign

These Bybit‘s features and more are some of the reasons traders are switching to this award-winning crypto exchange platform in droves. And in 2023, we can only expect to see more innovations and growth from this industry leader.

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Who Owns Bybit?

Bybit was founded in 2018 by the owner and CEO of Bybit, Ben Zhou. Ben has experience from the forex market as he ran a forex exchange successfully for 8 years. Other members of the Bybit team have experience from places like Morgan Stanley, Tencent, and other very reputable companies.

Bybit has a very impressive list of co-founders and other team members. This is probably one of the main reasons behind the explosive success of the exchange.

Ben Zhou, owner & CEO of Bybit exchange
Ben Zhou, owner & CEO of Bybit

Where Is Bybit Based?

Bybit has its headquarters based in Dubai, and they also have operational offices in Hong-Kong. The exchange operates under the name Bybit Fintech Limited registered in the British Virgin Islands.

Bonus points: Bybit Interface & User Experience

The first impression when looking at the Bybit interface is that it looks much more user-friendly than most other exchanges in crypto.

If you compare the exchange with competitors, it seems like Bybit has been inspired by the interface of Binance. This is a good thing because a big part of the success of Binance arguably comes from its user-friendliness.

The image below is of the Bybit interface in dark mode, you can switch between dark and normal mode easily if you want to.

bybit review on bybit interface bitcoin trading leverage crypto
The Bybit interface in dark mode.

The Bybit Mobile App

For digital natives and traders who are on the go, you will probably want to keep track of your open positions. This is why Bybit has created a mobile application that is available on iOS and Android, with good functionality.

Bybit exchange mobile app

In fact, the application has the same functionality as the Bybit desktop version with advanced charting and order management. Traders can also set a whole host of price levels to be sent as push notifications on their phones.

As a Bybit crypto derivatives trader, you also have these advanced order forms available on the main exchange. This is not very common on other exchanges except for perhaps Phemex which also has its mobile application. Most of the time the order functionality is stripped down and easy to use so it’s great for quick access.

The application is listed in both the iTunes store as well as Google Play. There are tens of thousands of Android and iOS installations, and reviews appear to be quite positive. 

The Bybit app is functional but as a trader, you will probably prefer to use the web and PC-based trading versions instead for the visual real estate the larger screen provides.

However, if you’re a digital nomad who is constantly on the go, or if you have errands and need to monitor a trade, then the Bybit application allows you to do this. Granted, you can’t easily study charts and monitor numerous markets at the same time but it’s a welcomed tool for monitoring positions.

Bybit Web 3/ NFT Page

Bybit also added an NFT market to its platform in 2022. This new addition has already garnered more than 1M registered users and is ranked top 5 NFT marketplace based on monthly active users.

You can easily gain access to this NFT marketplace and store your NFT collections using the Bybit Web 3 wallet.

This wallet is easy to access and can be created with just one click on the Bybit platform. The wallet offers a robust security framework to keep user assets safe and supports quick swap functions

Bybit Exchange Customer Support – 24/7

One of the biggest selling points of Bybit is its 24/7 support. In fact, this might be one of the most convincing reasons to trade on Bybit: their incredible support. Customer service agents respond very quickly and they seem to always do everything they can to help you as the customer. Users on social media and YouTube influencers all seem to agree that the customer support of Bybit is maybe the best among its competitors.

If we compare it with the customer support of BitMEX, it’s easy to see that Bybit is the winner. BitMEX does not seem to care about its customers. BitMEX will give you slow responses and they are not always giving the customer a satisfactory solution to a given problem.

For quick communication with the Bybit team, just click the chat box in the bottom right corner of the interface.

Bitcoin Price:
(7d:)
Bybit exchange customer support chat 24/7
A 24/7 chat box for customer support

Bybit Contracts

Bybit offers it’s over 10 million users access to the trade; the Crypto Spot market, Derivatives market, and Options Market on its platform.

In this section of the review, we will be breaking down these various markets as well as what kinds of pairs you can find currently available for you.

Bybit Spot Market.

The Bybit spot market is one of the biggest in the industry, handling a daily trading volume of more than $3.4b. This market is very liquid and allows you to buy/sell up to 371 crypto pairs on it.

Bybit also lists about 60 tokens (and growing) on its spot trading platform making it possible to jump into lesser-known projects that you might find interesting.

Bybit Options Market

The Bybit Options market is one of its new lines of product and was recently added in as demand for crypto option products grew from its users.

Even though this asset is still in its infant stage, the crypto exchange has gone out of its way to cooperate with leading industry experts to bring the most liquid options to its users.

You can find Option calls on some of the most popular crypto assets on this platform once you sign up and register our Bybit Link.

Bybit Futures Market

The Bybit Futures market is its most popular crypto offering and it sees daily trading volume surpassing $10b. This kind of perpetual swap model used for the Futures contracts ensures that they do not expire. So with it, you can trade Bitcoin with up to 100x leverage without having a settlement date where the position is closed.

Bybit offers three kinds of Perpetual contracts that you can take advantage of, namely;

  • Inverse Perpetual and Inverse Futures: with over 21 contracts
  • USDT Perpetual: with over 186 pairs
  • BTC/USDC perpetual: with over 21 pairs available for trading
Bybit contracts with up to 100x leverage
Up to 100x leverage available

The perpetual swap model is genius, and Bybit has actually copied the exact same model as BitMEX. This means that you can long and short Bitcoin with up to 100x leverage on Bybit, and you can keep your position open until YOU decide to close it. If you want to learn more about how to trade Bitcoin on Bybit, you can read our Bybit tutorial.

Bybit review on long or short Bitcoin on Bybit exchange
Very easy to use, long or short Bitcoin on Bybit

Buying and selling Bitcoin on Bybit

Bybit has an advanced order functionality that is the cream of the crop in terms of leveraged trading capabilities. This is arguably one of the best features of the crypto trading platform as it allows you to not only customize your entries but also to manage risk.

Bybit review on Buying and selling Bitcoin

When placing an order, you will see this order form. At the top of the form you can select between various order types. Just below that, you can adjust the leverage, price, and quantity (in USD). There is also additional information on the contract specifics.

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Basically, there are three order types to choose from on the Bybit platform, outlined below:

Bybit Order Types

  • Market Order: This is an order that is placed at the current market price. It will place and execute the order at the “bid” if it is a sell order or the “ask” if it is a buy order.
  • Limit Order: This is an order that is typically the recommended way to trade. The order is placed at a level that is chosen by the trader which could be away from the current market price. Technically, this order is open and is waiting to be “filled” by a buyer or seller who is willing to match that price.
  • Conditional Order: This is an order that will either execute as a market or limit order as soon as a certain price level is reached. When the trade is placed, you define the trigger price along with the direction, quantity, and leverage. Such orders are typically used when technically meaningful levels are reached.

Stop losses: When using leveraged trading, stop losses are an essential feature that could make or break a trading account. There are several ways to set up a stop-loss on Bybit and traders should familiarise themselves with these functions to optimize the trading experience.

As mentioned, with the Limit order and the Conditional limit order, the order will have a certain order life. This is for how long the order will remain open until it is “killed”. There are three order life options at Bybit:

Advanced Orders

  • Good-Till-Cancelled (GTC): This is an order that will remain open until you actively close the open order.
  • Immediate-or-Cancel (IOC):: This order is designed to be filled instantly and at the best price. If any part of the order remains unfilled then the remainder will be canceled. This order type allows for partial order execution.
  • Fill or Kill (FOK): Finally, the FOK order is designed to be filled entirely and at the best price or not at all. This is very similar to the IOC order with the exception that it does not allow partial orders to be executed.

On top of this, you can also choose how such orders are executed. For instance, with your Limit and Conditional order, you’re able to choose the “Post Only” option. This will ensure that when the order is executed, it will be done as a “market maker” and you will benefit from the maker fee.

Additionally, you also have the option of making your limit order a “Reduce Only” order. This essentially means that the order will only execute only if it would reduce your position. If the order position were to be increased due to the market, then this would be amended down or canceled entirely.

A similar parameter exists on the Condition order, called “Close on Trigger”, which can be used in conjunction with your conditional stop losses. This ensures that your stop losses reduce the position with no extra order increases.

Another useful tool is the Bybit leverage calculator, which you might be familiar with from other exchanges.

bybit review on leverage calculator

This lets you calculate your crypto Profit / Loss (P/L) and return on investment (ROI) target levels. It can also be used to determine your liquidation levels.

Your Position Shown In BTC & USD With Fees

Something that Bybit has that the others don’t is the very basic detail of always showing the value of your position in USD. Traders who trade on BitMEX or other exchanges know that it’s inconvenient to have to calculate the conversion yourself. As you can see in the image down below, the Bybit interface will show your position profits both in terms of BTC and in terms of USD.

Bybit exchange interface
Your position is shown as BTC and the as the USD equivalent

As for the trading fees, Bybit is currently carrying out one of the biggest zero-trading fee campaigns in the crypto industry. While this campaign goes on, you can expect to pay zero fees when placing a trade or closing any position on the Bybit platform.

This is very important as you can easily save costs on high fees that can easily eat into your trading profit. We don’t know how long this zero-fee campaign will last but it is important you take advantage of it while it is still ongoing.

Sign-up with our Bybit link right now to get up to a $30,000 Bonus + Zero Spot Fees for trading when you sign-up and fund your Bybit account with our Bybit link.

However, once this campaign ends we expect to see the Bybit fees revert back to their normal level. Below we break down what those levels are and how they stack up against the competition.

Bybit Bitcoin Trading Fees & Rebates

Bybit has the same fee structure as BitMEX. However, Bybit has a very low withdrawal fee of 0.0005 BTC, compared to the average on other exchanges which is roughly 0.0008 – 0.0009 BTC. This means that the Bybit withdrawal fee is 41% lower than the Bitcoin exchange average. You can compare the fees between the exchanges in our Bitcoin trading exchange list.

The most interesting part about the fees is that if you use a limit order, you’ll actually get a rebate instead of paying a fee. In other words, you are paid by Bybit for submitting limit orders into the order book. If you want to learn more about this, visit our Bybit tutorial.

  • Market order fee (taker fee): 0.075%
  • Limit order fee (maker fee): -0.025%
  • Withdrawal fee: 0.0005 BTC
  • Bybit funding rate: 0.02%/ -0.02%

By The Numbers: Bybit Fees VS Other Exchanges

Fee Rates of Perpetual Contract Trading

PlatformMaker Fee RateTaker Fee rateNet Fee Accrued
to Platform
Bybit-0.025%0.075%0.05%
BitMEX-0.025%0.075%0.05%
Kraken-0.02%0.075%0.055%
Binance0.020.04%0.06%
Huobi0.020.05%0.07%
OKEx0.020.05%0.07%

Fee Rates of Spot Trading

ExchangeMaker Fee RateTaker Fee RateNet Fee Accrued
to Platform
Binance0.1%0.1%0.2%
OKEx0.1%0.15%0.25%
Huobi0.2%0.2%0.4%
Kraken0.16%0.26%0.42%
Gemini0.25%0.35%0.6%
Coinbase0.5%0.5%1%
Bitstamp0.5%0.5%1%

The Bybit Funding Rate

The contracts traded on Bybit are futures contracts, and to make sure that the futures price is the same as the spot price there is a Bybit funding rate. Buyers and sellers settle this fee directly and NOT to Bybit.

If there are more sellers than buyers, then the sellers will pay the funding rate of 0.02% to the buyers and vice versa. If the funding rate is positive (0.02%) then the buyers (longs) will pay the sellers (shorts). However, if the funding rate is negative (-0.02%) then the sellers (shorts) will pay the buyers (longs).

The funding rate will be charged every 8 hours at 16:00 UTC, 00:00 UTC, and 08:00 UTC. You will only be affected by this funding rate if you are currently in an open position at the time of the funding rate.

This means that if you trade against the majority, you will get paid for holding your position. Logically, when trading Bitcoin on Bybit you should try to always use limit orders and trade against the majority. This way you’ll not only have low fees, but you’ll actually earn money for trading through rebates.

Funding Methods (Deposit and Withdrawal)

Bybit started out as a crypto-to-crypto exchange, which meant you could only deposit cryptocurrencies, not USD or EUR to the exchange. However, things have changed for the Singapore-based crypto exchange.

Now you can fund and carry out various transactions on the Bybit Platform with more than 55 fiat currencies and 20 coins including some of the top ones like Bitcoin, Ethereum, XRP & EOS.

The platform also accepts more than 547 payment methods including the use of credit cards to make your utilization of the crypto exchange as seamless as possible.

Are Your Funds Safe On Bybit?

Is bybit safe?

After the FTX saga, a lot of traders are beginning to get worried about the kind of exchanges they actually trust to protect their funds. Well, Bybit has never been hacked, just like BitMEX, Kraken, Coinbase, and a few other players in the space. That said, there is no such thing as a risk-free exchange. When you deposit Bitcoin to Bybit you need to understand that you are trusting the exchange with your funds.

All your funds on Bybit are safely stored in cold storage. Per the website, if Bybit gets hacked then the platform will give full compensation to the customer for the loss.

Bybit also went a step further by providing Proof of Reserve for funds currently under its control. You can find out all about this Proof Of Reserve as well as how it helps strengthen Bybits reputation in the crypto industry in our exclusive interview with the Bybit CEO Bybit CEO Exclusive: How is Bybit Doing and its Plans for the Future

Bybit Withdrawal Time

Something that differentiates Bybit from other leverage exchanges is that you can withdraw funds 3 times per day, at specific times. While on BitMEX and the other competitors, you can actually only withdraw your funds once a day at a specific given time.

The 3 times per day for withdrawals happen at 0800, 1600, 2400 UTC. Your withdrawal will be pending until it is confirmed by Bybit. In other words, your withdrawal time could be several hours if the next withdrawal time is several hours in the future. However, the maximum time is 8 hours, as the withdrawal confirmation times happen every 8 hours.

It’s good to note that there is a 30-minute rule, which means that fund withdrawals submitted after 0730 will not be confirmed at 0800, but will be confirmed at 1600 instead.

Bitcoin Price:
(7d:)

Does Bybit Require KYC? (Know Your Customer)

Bybit is a secure trading platform, and it does encourage its customers to go through the KYC verification process. You can trade Bitcoin, Ethereum, or any other altcoin on Bybit without KYC, but your withdrawals will be limited to 2 BTC per day.

If you want to increase your withdrawal limit to 50 BTC or 100 BTC, you will have to provide your personal information to the exchange and verify your account with KYC.

Bybit has two levels for KYC verification:

Level 1

After completing Level 1 verification, Bybit customers can increase their daily withdrawal limit to 50 BTC. The information you are required to submit for this level’s verification includes:

  • Document issued by the country of origin (ID card/Passport)
  • Facial recognition screening

Level 2

The Level 2 verification allows you to expand your daily limit even further to 100 BTC. For this level, the additional information you are required to submit is the “Proof of residential address.” You can provide this proof by submitting any of the following documents.

  • Bank Statement
  • Utility Bill
  • Any residential proof issued by the government

How to Complete KYC verification on Bybit?

Once you have created a new account on Bybit, you can verify your Bybit account easily by following these steps:

  1. Click “Account & Security” in the upper right-hand corner of the screen.
  2. Click “Verify Now” in the “Identity Verification” column under “Account Information.”
  3. Click” Verify Now” under Lv.1/Lv.2 Verification.
  4. Provide the information as mentioned above according to the level you have chosen.

Bybit Market Data Analytics

Another cool feature that seems to be increasing in popularity among bitcoin derivatives exchanges is the ‘Advanced data’ section. This contains some useful graphics and charts that could be useful to inform your trading strategies.

As a Bybit trader, market analysis is super important. To conduct this analysis, you can pull up some of these charts and even download the data as an image, vector file, or as a CSV. Below, you can see an example using the rolling volatility chart.

Bybit exchange trader market analysis

Bybit Data Analysis Tools

Here is a list of the data analysis tools you are able to download as well as what it means:

  • Price Moving Averages: This shows bitcoin’s price along with several moving average indicators for various time frames.
  • Monthly Price Range: This section looks at the monthly highs and lows in the instrument’s price and allows you to observe the range in the asset traded.
  • Rolling Volatility: This indicator shows the realized volatility over the last 30 days in comparison to the average for the period. The idea is to give traders a sense of how much the price varied within a given period. 
  • BTC Daily Realised Volatility: The daily realized volatility shows the actual volatility over a period of time. 

Thanks to the Bybit tech team, there are a whole slew of other indicators, metrics and data points you can check out in the tabs. This includes information on the specific index price, funding data as well as the insurance fund. 

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Bybit Vs. BitMEX – System Overloads

Anyone who has traded bitcoin on BitMEX or any other big Bitcoin exchange knows that sometimes there are system overloads. These overloads occur when the market moves very quickly and too many people are trying to submit their orders at the same time.

Now, if the BitMEX exchange does not have the ability to handle that volume then there might be an overload. During an overload, it’s impossible to submit an order. In other words, during these moments you can’t trade at all.

The fantastic thing about Bybit in comparison to BitMEX is that they have been active since 2018 and they have still not had a single system overload. Even during times when the Bitcoin price jumped over 20% in a day, Bybit has always been functional while the competitors were down. This is a really big advantage when trading on Bybit.

Trading engine capacity of these top 3 exchanges:
1. Bybit: 135,000 transactions per second.
2. Deribit: 10,000 transactions per second.
3. Bitmex: 500 transactions per second.

Can You Use Bybit In The US?

Just like all the other leverage exchanges, the United States is geo-blocked, which means that if you are in the US, you’re prohibited from logging in to Bybit USA. You can check out the list of crypto exchanges in USA.

Bybit Testnet

Bybit offers a very user-friendly test net where the user can try the exchange without using real funds. This is important for new users if they want to play around with the exchange before deciding if they want to commit. Also, if you’re a beginner at trading Bitcoin, you should first use the test net. When you’re comfortable with trading on the test net you can deposit real Bitcoin and apply your strategy thereafter.

Bybit Promotion & Trading Competitions

As an added bonus to your trading experience, the Bybit exchange also hosts trading competitions where traders battle it out to win massive prize-pools. 

In fact, just this Summer Bybit hosted the World Series Of Trading (WSOT) competition with a total prize pool of 150 BTC and nearly $300,000 USDT.

Typically, trading competitions include a ‘troop’ showdown, and traders can join teams, start their own troop or even enter individually.

Of course, Bybit does not hold such competitions simply to be charitable. In fact, these competitions encourage more trading volumes on the platform which secures higher revenues via fees. As such, traders who participate in these big tournaments and events should closely watch funding rates when playing the game.

Bitcoin Price:
(7d:)

Bybit Bonus Referral Program

A big reason for the explosive growth of Bybit is their referral program or affiliate program. Basically, you will get a 30% commission from all the trading fees from the users that sign up under you. Also, you’ll get 10% off of the sub-affiliates that sign up under your direct affiliates. If you have a friend who wants to sign up, make sure he uses your referral link to get some kickback off of his fees.

Bybit Copy Trading

Copy trading makes crypto trading easier for traders, particularly the new ones who lack prior trading information and experience. This feature allows traders to choose an expert trader registered on the Bybit exchange to follow and automatically copy.

With the help of copy trading, the people who opt for it will get the same profits (if any) and losses as the expert trader they copy. As a copy trader on Bybit, you will also have to share 10% of your net profit with the trader you copy. It is one of the best and easiest ways for new traders to trade even if they do not have all the information regarding crypto trading.

Bybit is one of several platforms in the industry that support copy trading, however, it is one of the best ones.

You can learn more about crypto copy trading on Bybit here.

What’s next for Bybit exchange?

Bybit is without a doubt one of the best bitcoin derivatives exchanges on the market right now. The platform has also sought to include new features to cater to increasingly savvy investors whose expectations are growing and adapting to new circumstances.

Here are a few updates in the Bybit pipeline:

  1. Decentralized NFT Trading: Bybit as signified interest in growing its web 3 offerings on its platform. This could easily see the introduction of Decentralized NFt trading, IDO (Initial Dex Offering), and cross Chain Swap functionality in 2023
  2. Bybit Master Card: Bybit as anounced its plan to release its own crypto master card in 2023. This Master card automatically converts crypto coins into fiat for daily spending making it possible for users to use their crypto holdings anywhere in the world.

Our Verdict on Bybit Review

To summarize our review, Bybit is a diverse crypto trading platform that offers plenty of features to enhance the user experience. It has quickly become one of the top cryptocurrency exchanges in the world, with over 10 million active users. Some of the main features of the exchange include leverage trading, cold wallets, low fees, and an active customer support team. If you are looking for a secure exchange for crypto trading, Bybit is worth considering. The exchange also offers promotions and bonuses to make the experience sweeter for its customers. Choosing a crypto exchange that fits all your needs is critical for every trader. Bybit has plenty of features that make it one of the top options for crypto trading.

Frequently Asked Questions

Is Bybit Safe?

Bybit is one of the safest cryptocurrency exchanges in the industry and prioritizes the security of users’ funds and accounts above all else. The high level of security offered by the trading platform is also validated by the fact that it has never been hacked.

Is Bybit Legit?

The Bybit exchange is a legit crypto exchange that offers leading-edge technologies and features and makes it easy and convenient for all traders to use the platform.

Is Bybit a good exchange?


Bybit is one of the most popular crypto exchanges and offers remarkable customer servicedifferent order types, and data analysis tools and keeps users’ funds safe.

What are Bybit Maker Taker Fees?


By definition, if you create an order, whether it is buying or selling, and someone else completes it then you will not be required to pay any fee, instead, you will get the amount paid. This is the maker fee.
On the other hand, if you fill someone else’s order, as mentioned above you will have to pay the taker fee.

If you use Bybit, you will have to pay the following fee:

Maker fee on Bybit: -0.025%
Taker fee on Bybit: 0.075%
But for now, Bybit is currently carrying out a Zero fee campaign on its platform. This means you are not required to pay any fees for placing trades on Bybit.

What is the funding fee on Bybit?


On Bybit, the funding fee is directly exchanged between buyers and sellers at an interval of eight hours. The three-time slots are 00:00 UTC, 08:00 UTC and 16:00 UTC.

Users of Bybit can calculate the funding fee by using the following formula. Funding Fee = Position Value x Funding Rate

Is Bybit Legal?

While Bybit offers its services to millions of users across the world, it does have a few limitations. Due to strict regulatory laws in the USA, the exchange is not legal in the country and does not cater to the needs of traders residing in the States.

Can I Deposit USD to Bybit?

Yes you can, Bybit currently accepts more than 55 fiat currencies and 20 coins including some of the top ones like Bitcoin, Ethereum, XRP & EOS making it easy for users to deposit and withdraw from the Bybit platform.

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