A thorough Bybit review should answer one question above all: does this platform suit your specific trading goals, risk tolerance, and jurisdiction? Bybit launched in 2018 as a pure derivatives exchange and has since grown to more than 20 million registered users across 160+ countries. This review covers fees, products, security, regulation, and account requirements so you can make an informed decision before depositing funds.

Bybit’s headline numbers are compelling: futures fees start at 0.02% for makers and 0.055% for takers, placing it among the most cost-efficient options for active derivatives traders. Spot trading sits at a flat 0.10% for both sides at base tier. The platform does not accept users based in the United States or the United Kingdom due to regulatory constraints.

Key Takeaways

• Futures fees start at 0.02% maker / 0.055% taker — among the most competitive base rates of any major derivatives exchange.
• Spot trading is priced at a flat 0.10% for both makers and takers, with reductions available via VIP tiers or BIT token fee payments.
• Leverage reaches up to 100x on USDT perpetual contracts for Bitcoin and Ethereum; most altcoin perpetuals cap at 25x.
• Bybit holds no FCA, SEC, or CFTC licence — US and UK residents face access restrictions and reduced regulatory protection.
• New users registering via referral code 20101 receive up to $30,000 USDT in welcome bonuses and 20% fee discount.

What Is Bybit?

Bybit is a cryptocurrency exchange headquartered in Dubai, UAE, having relocated from Singapore following regulatory changes in that market. The platform originally launched in March 2018 with a singular focus on USDT-settled perpetual contracts and has since diversified considerably. Today, Bybit offers spot trading, options contracts, copy trading, a crypto earn suite, an NFT marketplace, and a Web3 wallet alongside its core derivatives offering.

Bybit Trading Fees: Spot vs Derivatives

Market Type	Maker Fee	Taker Fee	Fee Reduction Options
USDT Perpetual (Futures)	0.02%	0.055%	VIP tiers, BIT token payment
Spot Trading	0.10%	0.10%	VIP tiers, BIT token payment
USDC Options	0.02%	0.055%	VIP tiers
Inverse Perpetual	0.01%	0.06%	VIP tiers

Leverage and Derivatives Products

Bybit’s derivatives offering is one of the most extensive available on a centralised exchange. The platform supports USDT-margined perpetuals, USDC-margined perpetuals, inverse perpetuals (coin-margined), and USDC options across a wide range of underlying assets. Over 500 perpetual contract pairs are listed, covering major assets, mid-cap altcoins, and a selection of newer market entrants.

Bybit Pros and Cons

Advantages

• Futures maker fees at 0.02% are among the most competitive available at non-VIP tier.
• Extensive derivatives suite covering USDT perpetuals, USDC options, and inverse contracts across 500+ pairs.
• Monthly proof-of-reserves audits provide greater on-chain transparency than many comparable platforms.
• Copy trading reduces the knowledge barrier for traders newer to derivatives mechanics.
• Multilingual interface and 24/7 live chat support across major time zones.

Limitations

• No FCA, SEC, or CFTC licence — users in the UK and US cannot access the platform.
• Spot fees at 0.10% are in line with average rates but not best-in-class for pure spot traders.
• Restricted in the US, UK, and several other significant jurisdictions.

Frequently Asked Questions

Is Bybit safe to use in 2026?

Bybit has maintained a clean security record since its 2018 launch with no confirmed major hack affecting user funds. The platform publishes monthly proof-of-reserves reports verified by independent auditors. That said, Bybit is not licensed by the FCA, SEC, or CFTC, meaning users in the UK and US do not have the regulatory protections available from a locally licensed exchange.

What are Bybit’s standard trading fees?

At non-VIP tier, Bybit charges 0.02% maker and 0.055% taker for futures contracts, and a flat 0.10% for both sides on spot trades. Fees decrease as 30-day trading volume increases through the VIP programme.

Does Bybit support UK and US users?

Bybit does not currently accept users based in the United States or the United Kingdom. The platform enforces geographic restrictions at both the registration stage and the IP level.