Bybit
Derivatives-focused exchange. Spot, futures, options. Popular among algo traders.
Overview
Bybit is a leading cryptocurrency exchange founded in 2018 by Ben Zhou, a former forex executive. Headquartered in Dubai, UAE, Bybit has grown into one of the top three derivatives exchanges globally and serves millions of users across 160+ countries.
Originally focused exclusively on perpetual contracts, Bybit has expanded into a full-service platform offering spot trading, margin trading, options, and a broad range of earning products. The exchange is known for its high-performance trading engine capable of processing up to 100,000 transactions per second and its deep derivatives liquidity.
Bybit offers 645+ coins across 900+ markets, making it one of the most comprehensive platforms for both retail and institutional traders.
Key Features
- Top-tier derivatives: Among the top three venues for perpetuals by market share globally
- High-performance engine: Processes up to 100,000 TPS with 99.99% uptime
- Spot & margin trading: 900+ spot pairs with up to 10x margin leverage
- USDT, USDC & inverse perpetuals: Multiple contract types for flexible trading strategies
- Options trading: European-style USDC-settled options on BTC and ETH
- Copy trading: Follow top traders and replicate their strategies automatically
- Trading bots: Grid, DCA, and smart rebalancing automation tools
- Bybit Earn: Flexible and fixed-term staking, liquidity mining, and dual asset products
- One-click Convert: Simple token swaps for beginners
Supported Markets
| Market Type | Details | |-------------|---------| | Spot | 645+ coins across 900+ trading pairs | | USDT-M Perpetuals | 300+ perpetual contracts | | USDC Perpetuals | USDC-settled perpetual contracts | | Inverse Perpetuals | Coin-margined contracts | | Options | European-style, USDC-settled (BTC, ETH) | | Pre-Market | Early trading on upcoming listings |
Fee Structure
| Type | Maker | Taker | |------|-------|-------| | Spot (base) | 0.10% | 0.10% | | Perpetuals (base) | 0.02% | 0.055% | | Options | 0.02% | 0.02% | | Pre-Market | 0.04% | 0.10% |
VIP tiers (based on 30-day volume and asset balance) reduce fees significantly — down to 0.005% maker / 0.02% taker for futures at VIP 5.
Security
- Cold storage: Majority of assets stored in offline multi-signature cold wallets
- Proof of Reserves: Regular Merkle tree-based proof-of-reserves reports
- Two-factor authentication: Google Authenticator, SMS, and email verification
- Risk management: Advanced anti-phishing codes and withdrawal address management
- No major hacks: Clean security record since launch
Getting Started
- Register at bybit.com with email or phone number
- Complete identity verification (KYC) for full access
- Deposit crypto or purchase with credit card, bank transfer, or P2P
- Start trading spot, derivatives, or explore Bybit Earn