bybit.com Review 2025: Is It Safe, Legit, and Worth Using?

If you are exploring crypto exchanges for trading or investing, Bybit is definitely a name you’ll come across. Launched in 2018 and now serving over 70 million users worldwide, Bybit has quickly become one of the leading crypto exchanges, rivaling Binance in trading volume. In this review, we’ll walk you through everything you need to know about Bybit in 2025 – its pros, cons, features, fees, security, and whether it’s worth joining. If you’re considering signing up via Bybit’s Affiliate Program, this review will also help you understand why it’s a solid choice.

✅ Pros of Bybit

• Low trading fees (0.1% spot, 0.055% futures taker / 0.02% maker)
• Wide range of products: Spot, Margin, Futures, Options, and P2P
• Advanced trading tools: Trading bots, high-leverage futures (up to 100x), options
• Multiple ways to buy crypto: Fiat deposits, bank transfers, P2P marketplace
• Mobile-friendly platform: 4.7/5 App Store rating, 4.5/5 on Google Play
• Diverse earning products: Staking, liquidity mining, dual asset investments

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Bybit at a Glance

• Founded: 2018 by Ben Zhou
• Headquarters: Dubai
• Users: 70M+ worldwide
• Daily Spot Volume: ~$6B
• Licenses: MiCA (Austria), CySEC (Cyprus), AFSA (Kazakhstan)

Bybit is a fully compliant and regulated exchange in multiple jurisdictions, although it’s restricted in some regions due to local regulations.

Security: Is Bybit Safe?

In February 2025, Bybit suffered the largest crypto hack in history, losing around $1.5 billion. The attack was attributed to North Korea’s Lazarus Group. However, Bybit responded quickly:

• Covered all user losses with emergency reserves and loans
• Released proof-of-reserves (always overcollateralized)
• Strengthened its security infrastructure with MPC wallets, 2FA, and stricter withdrawal controls

Despite the hack, Bybit remains one of the most transparent and trustworthy exchanges, publishing regular audits and maintaining user trust.

Trading Experience

Bybit offers a feature-rich platform for both beginners and advanced traders:

• Trading options: Spot, Margin, Futures (up to 100x leverage), Options, P2P
• Order types: Limit, Market, Conditional, OCO, Trailing Stop, Iceberg, TWAP, Scaled Orders
• Charting tools: Proprietary + TradingView charts, liquidity depth charts, indicators
• Crypto bots: Grid, Martingale, DCA, futures bots for automated trading

For new users, Bybit provides a demo trading mode to practice strategies without real money.

Earning & Extra Features

Bybit is more than just trading – it also offers:

• Bybit Earn: Flexible and fixed staking (APRs from 0.3% to 200%)
• Liquidity Mining: High-yield opportunities (APRs up to 400%+)
• Dual Asset investments: Earn yield while targeting buy/sell prices
• Crypto Loans: Borrow against your assets without selling
• Bybit Card (Mastercard): Spend crypto globally, available in Europe, LATAM, Asia-Pacific

Fees

Bybit is one of the most cost-effective exchanges:

• Spot fees: 0.1%
• Futures fees: 0.055% taker / 0.02% maker
• Options fees: 0.03% taker / 0.02% maker
• Fiat pairs: 0.2% / 0.15%
• Deposits: Free for crypto
• Withdrawals: Vary by asset (e.g., BTC withdrawal = 0.00011 BTC)

Bybit is very transparent with no hidden charges.

Mobile App

Bybit’s mobile app is one of the best-rated in the industry. With over 10M+ downloads, it provides a seamless experience with nearly all desktop features:

• Advanced trading charts
• Bybit Web3 wallet integration
• Trading bots and staking products
• Quick asset switching

Who Should Use Bybit?

Bybit is best suited for:

• Intermediate & advanced traders who want access to high-leverage futures, options, and bots
• Earning-focused investors who want to maximize yields via staking, dual assets, and liquidity mining
• Mobile-first traders seeking a reliable and powerful app

It may be overwhelming for complete beginners, but tools like demo trading and one-click buy make onboarding easier.

How to Sign Up for Bybit

Registering with a new platform and verifying your account can be challenging if you don’t have much experience with exchanges or have previously used platforms designed differently. Below, we explain how to use Bybit in a simple step-by-step format.

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Step 1: Create an Account and Verify Email

Before you can use one of the best crypto exchanges for traders, you’ll need to complete the Bybit sign-up process. Thankfully, it’s straightforward. Head to the Bybit website and click the orange ‘Sign-Up’ button in the top right corner.

You can register with Google, Apple, or Telegram. Alternatively, enter an email address or mobile number. Unlike other platforms, you don’t immediately need to choose a password. First, you must verify your email by inputting a code sent to your address. Then, you can choose a password. We recommend using a password that you have not used on other exchanges.

Step 2: Know-Your-Customer (KYC) Verification

While you can create a Bybit account without providing any documents for KYC verification, you cannot trade on the spot exchange or Peer-to-Peer (P2P) marketplace. Bybit will prompt you to complete verification with a banner just below the navigation bar, so it’s easy to locate. The process is fast. Verification usually takes a few minutes but can take up to 24 hours.

To complete verification, you must provide a photo ID (passport, driving license, residence permit, ID card) and a selfie to confirm your identity. The photo must be live, not a screenshot. It’s important to note that certain countries, like the United Kingdom, are prohibited from using Bybit; therefore, IDs from these places are not accepted.

Step 3: Funding Your Bybit Account

To fund your account, click the orange ‘Deposit’ button, select an asset from Bybit’s supported coins list, choose the relevant network, and transfer the crypto to complete your deposit. Alternatively, click ‘Fiat Deposit’, choose a currency, select a processor, pick a payment method, and follow the on-screen instructions. Deposit times vary but are usually under one hour.

Step 4: Trade Crypto

Once your deposit has been processed, you can experience Bybit’s advanced crypto trading features. Under the ‘Trade’ tab, you can access the spot or futures markets. Then, search for an asset, enter your purchase amount, and press the green ‘Buy’ button. Outside of its centralized exchange, Bybit offers P2P trading for privacy and one-click buys for convenience.

Final Verdict: Is Bybit Worth It in 2025?

Despite facing challenges in 2025, Bybit remains one of the top crypto exchanges worldwide. With low fees, a wide range of assets, advanced trading tools, and diverse earning opportunities, it continues to be a strong choice for serious traders and investors. Its quick response to the hack and ongoing transparency demonstrate its long-term commitment to users.

If you’re ready to trade smarter and earn more, sign up for Bybit today and start your journey with one of the world’s most advanced crypto exchanges.

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