Bybit is a leading cryptocurrency derivatives exchange established in 2018, headquartered in Dubai (UAE). It offers a secure, low-fee trading platform with advanced features like futures, perpetual contracts, options (up to 100x leverage), and tools such as Copy Trading and TradeGPT. This guide covers everything from account setup to trading strategies.
Key Features of Bybit
- Derivatives Trading: Supports futures, perpetual swaps, and options with high leverage.
- Low Fees: 0.02% Maker / 0.055% Taker fees for derivatives; 0.1% for spot trading.
- Educational Resources: Bybit Learn provides crypto market insights.
- Testnet: Practice trading risk-free via Bybit Testnet.
👉 Start trading on Bybit today
Pros and Cons
Advantages
- Diverse products (margin trading, lending, Launchpool).
- 24/7 customer support.
- Affiliate program for earning commissions.
Limitations
- No OTC trading.
- Complex interface for beginners.
- Unavailable in the US, China, and other restricted regions.
Fee Structure
| Transaction Type | Fee |
|---|---|
| Derivatives | 0.02%–0.055% |
| Spot Trading | 0.1% |
| Options | 0.03% |
👉 Compare fees across exchanges
Step-by-Step Guides
1. Account Registration
- Visit Bybit’s website.
- Sign up via email/phone.
- Complete KYC (ID/passport required).
2. Depositing Funds
- Navigate to Assets > Deposit.
- Select coin and network (e.g., BTC via Bitcoin network).
3. Trading on Bybit
- Limit Orders: Set custom prices.
- Market Orders: Instant execution at current prices.
- Conditional Orders: Trigger trades at predetermined levels.
API Integration
Generate API keys under Account > API Settings for third-party app connectivity.
FAQs
Is Bybit safe?
Yes. Bybit employs robust security measures, including 2FA and cold storage for funds.
Can I use Bybit in the US?
No. Bybit restricts US users due to regulatory compliance.
How do I contact support?
Live chat or email: [email protected].
Bybit combines advanced trading tools with user-friendly features, making it ideal for both beginners and seasoned traders.