CEX PROOF OF RESERVES VARA LICENSED PROOF OF RESERVES DESK RESEARCH
Bybit review
Leading derivatives exchange for pro traders
The verdict
7.4 / 10 · CONSIDER
Built for derivatives traders — best-in-class perpetuals and options with deep liquidity. Spot trading is solid but the focus is clearly on leveraged products.
◆ BUY IT IF
- Industry-leading perpetual and futures trading
- Copy trading feature
- Competitive fees
- Strong 24/7 customer support
◇ SKIP IT IF
- Not available for US, UK, Singapore users
- Less regulated than Kraken/Coinbase
- $1.5B+ Bybit hack in February 2025 (customer funds restored)
- Weaker spot offering vs Binance
§ 01 SCORE BREAKDOWN
Seven axes, weighted.
DIMENSION WEIGHT RATING SCORE
Regulatory safety
MiCA CASP authorisation via Bybit EU GmbH (Austria, FMA), passported across the EEA. VARA licensed in Dubai. M
Trading fees
Maker 0.1% · Taker 0.1%
Coin selection
300 coins supported
Liquidity
CEX — order-book depth
User experience
Security
Publishes Proof of Reserves
Support
§ 02 SPECIFICATIONS
Everything, in one table.
Regulation
- Regulatory status
- MiCA CASP authorisation via Bybit EU GmbH (Austria, FMA), passported across the EEA. VARA licensed in Dubai. Multiple regional VASP registrations. Not available in US, UK, Singapore.
- KYC required
- Yes
- Proof of Reserves
- Yes
- Founded
- 2018
- Type
- CEX
Fees
- Maker fee
- 0.1%
- Taker fee
- 0.1%
- Withdrawal fee
- Variable by asset
Trading
- Spot trading
- Yes
- Futures trading
- Yes
- Margin trading
- Yes
- Copy trading
- Yes
- Supported coins
- 300
Other features
- Earn / staking
- No
- Debit card
- No
- Fiat on-ramp
- Yes
§ 03 FAQ
Frequently Asked Questions
Is Bybit safe to use? +
Bybit MiCA CASP authorisation via Bybit EU GmbH (Austria, FMA), passported across the EEA. VARA licensed in Dubai. Multiple regional VASP registrations. Not available in US, UK, Singapore.. The platform publishes proof of reserves.
What are Bybit's trading fees? +
Bybit charges 0.1% maker fee and 0.1% taker fee. Perpetual futures: 0.01% maker / 0.06% taker. Discounts available with VIP tiers.
How many coins does Bybit support? +
Bybit supports 300 coins and tokens. Spot trading is available. Futures trading is also supported.
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