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Bybit

Bybit is a Dubai-headquartered centralised crypto exchange founded in 2018 by Ben Zhou. It offers spot, perpetual futures, options, copy trading and an on-chain Alpha section. The base tier charges 0.10% spot maker and taker and 0.055% taker on perpetuals. It does not serve the US, Canada or Singapore, and suffered a roughly $1.4-1.5B theft in February 2025.

Cost: Spot: 0.10% maker and taker at the base tier (VIP 0), falling to 0.030% maker and 0.045% taker at Supreme VIP. Perpetual and futures: 0.020% maker and 0.055% taker at the base tier, falling to 0.000% maker and 0.030% taker. Fiat-crypto spot pairs, the Spot Adventure Zone and xStocks, and the Pre-Market and Innovation Zone perpetuals follow separate, higher schedules. Bybit Alpha on-chain trades charge a fixed 0.5% plus gas. VIP level comes from 30-day volume or asset balance, whichever is higher, and rates can vary by region; the round trip shown is 2 x the base spot taker rate. A $1,000 buy-and-sell costs about $2.00 in Bybit fees.

Sign-up perk: Task rewards for both sides: $50 on the referee's first trade of $50 or more, $100 when they trade $500, and $100 when they trade $10,000 (up to $250 total).

Checked 2026-10-17 · sources below
Round trip fee
0.2%
buy + sell, platform fee
$1,000 buy + sell
$2.00
before network + pool fees
Fees paid, 30d
—
not tracked by DefiLlama
US availability
Not available
UK: partly available · EU: partly available
Open Bybit

More on Bybit: Is it legit? · Referral code · Fees

Bybit code
WQ3GV

You get: Task rewards for both sides: $50 on the referee's first trade of $50 or more, $100 when they trade $500, and $100 when they trade $10,000 (up to $250 total).

Custody
custodial
KYC
required
Platforms
web, ios, android
Launched
2018

Best for: Derivatives-focused traders outside the US, Canada and Singapore who want a large centralised exchange with perpetuals, options and copy trading.

Bybit fees

FeeTypeRateApplies toNote
Spot trading taker fee (crypto pairs, VIP 0) platform 0.1% Buy and sell Applies to crypto-crypto pairs; rate may vary by region, shown on the My Fee Rate page after verification.
Spot trading maker fee (crypto pairs, VIP 0) platform 0.1% Buy and sell Same as taker at the base tier; falls to 0.0675% at VIP 1.
Perpetual and futures taker fee (VIP 0) platform 0.055% Buy and sell USDT, USDC and inverse contracts.
Perpetual and futures maker fee (VIP 0) platform 0.02% Buy and sell Falls to 0.000% at Supreme VIP.
Options taker fee (VIP 0) platform 0.03% Buy and sell Maker 0.020% at VIP 0.
Fiat-crypto spot pairs taker fee (under $100K 30-day volume) platform 0.2% Buy and sell Maker 0.150% under $100K, 0.100% from $100K; taker 0.150% from $275K and 0.120% from $550K.
Spot Adventure Zone and xStocks taker fee (VIP 0) platform 0.2% Buy and sell Maker also 0.200% at VIP 0.
Pre-Market and Innovation Zone perpetual taker fee (VIP 0) platform 0.11% Buy and sell Innovation Zone 0.110% taker and 0.040% maker; Pre-Market 0.100% taker and 0.040% maker.
Bybit Alpha on-chain trading fee platform 0.5% Buy and sell Fixed rate on the spending amount per Bybit's Alpha FAQ.
Alpha on-chain gas network — Buy and sell Gas is required; the system converts the payment token to the gas token at the current on-chain rate.
Trade sizeBybit fee, buy + sell
$100 $0.20
$1,000 $2.00
$10,000 $20.00

Fee tiers

TierRateRequirement
VIP 00.1%default; spot/derivatives volume under the VIP 1 thresholds; spot taker 0.1000% / maker 0.1000%; perpetual taker 0.0550% / maker 0.0200%
VIP 10.08%30-day spot volume $1M, derivatives $10M, or $100K assets; spot taker 0.0800% / maker 0.0675%; perpetual taker 0.0400% / maker 0.0180%
VIP 20.077%30-day spot volume $5M, derivatives $25M, or $250K assets; spot taker 0.0775% / maker 0.0650%; perpetual taker 0.0375% / maker 0.0160%
VIP 30.075%30-day spot volume $10M, derivatives $50M, or $500K assets; spot taker 0.0750% / maker 0.0625%; perpetual taker 0.0350% / maker 0.0140%
VIP 40.06%30-day spot volume $25M, derivatives $100M, or $1M assets; spot taker 0.0600% / maker 0.0500%; perpetual taker 0.0320% / maker 0.0120%
VIP 50.05%30-day spot volume $50M, derivatives $250M, or $2M assets; spot taker 0.0500% / maker 0.0400%; perpetual taker 0.0320% / maker 0.0100%
Supreme VIP0.045%30-day spot volume $100M or derivatives $500M; spot taker 0.0450% / maker 0.0300%; perpetual taker 0.0300% / maker 0.0000%

Perps: taker 0.055%, maker 0.02% — Base tier (VIP 0). Pre-Market and Innovation Zone perpetuals have different rates. Actual rates may vary by region.

Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.

Full Bybit fee breakdown →

Is Bybit legit?

Balances on the exchange are held by Bybit. Bybit also publishes a proof-of-reserves audit page. Bybit's terms have a separate section on custody and on third-party and self-custody.

Incidents on record

  • 2025-02-21: Roughly $1.4-1.5B stolen from Ethereum cold wallet. Bybit said about 400,000 ETH was stolen, worth roughly $1.4B at the time. The FBI attributed it to North Korea's TraderTraitor actors, with the attack tied to compromised infrastructure at the Safe{Wallet} wallet provider. Bybit said it restored its reserves within 72 hours using about 447,000 ETH from emergency funding by firms including Galaxy Digital, FalconX and Wintermute. It continued to allow withdrawals. Source
  • 2025-01-31: India FIU penalty. India's Financial Intelligence Unit fined Bybit Fintech Limited about 9.27 crore rupees for operating as an unregistered virtual digital asset service provider. Bybit had suspended trading for Indian users from 2025-01-12. Source
  • 2024-10-30: Dutch central bank fine. De Nederlandsche Bank fined Bybit Fintech Limited EUR 2.25M for providing crypto services in the Netherlands without the required registration until September 2023. Source
  • 2023-05: Exit from Canada. Bybit settled with the Ontario Securities Commission in June 2022 (over US$2.4M), then withdrew from Canadian registration in May 2023 and told Canadian users to withdraw holdings by 2023-09-30. Source

The full "is Bybit legit?" check →

Where Bybit is available

RegionStatus
United StatesNot available
United KingdomPartly available
European UnionPartly available

Bybit's own restricted-countries page lists the United States, Chinese Mainland, Hong Kong, Singapore, Canada, North Korea, Cuba, Iran, Uzbekistan, Crimea and parts of Donetsk, Luhansk, Kherson and Zaporizhzhia, Sudan and Syria as excluded, and for the Dubai-licensed entity also Dubai. The UK is not on that list. Bybit relaunched in the UK on 2025-12-19 with spot and P2P only, under an Archax-approved financial promotion; Bybit's press release says it is not authorised, regulated or registered by the FCA, and UK customers have no FSCS or Financial Ombudsman cover. EEA customers are served by Bybit EU GmbH, authorised under MiCA by Austria's FMA (May 2025). The list can change at Bybit's discretion; check Bybit's page for the current version. (source)

We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.

Pros and cons

Pros

  • Base perpetual fees are 0.020% maker and 0.055% taker, and spot is 0.10% on both sides.
  • Offers spot, perpetuals, options, copy trading, bots and on-chain Alpha trading in one account.
  • Holds a full UAE SCA virtual asset platform operator licence (October 2025) and an Austrian MiCA authorisation for the EEA.
  • Replenished roughly 447,000 ETH within 72 hours after the 2025 theft and publishes a proof-of-reserves page.

Cons

  • Not available in the US, Canada or Singapore, and the UK service is spot and P2P only without FCA authorisation.
  • Lost about $1.4B in ETH to a North Korea-attributed hack in February 2025.
  • Custodial exchange with mandatory identity verification.
  • Faced fines or enforcement from regulators in India, the Netherlands and Ontario.

Features

spot tradingperpetual and futuresoptionscopy tradingtrading botsBybit Alpha on-chain tradingP2P tradingearn productsBybit CardTradFi CFDs and stocksproof of reservesVIP programdemo trading

Bybit code

Bybit code
WQ3GV

You get: Task rewards for both sides: $50 on the referee's first trade of $50 or more, $100 when they trade $500, and $100 when they trade $10,000 (up to $250 total).

Open Bybit

Alternatives to Bybit

Coinbase Advanced

Active traders in the US, UK or EU who want an order book with no spread and tiered fees, from the same account as regular Coinbase.

1.8%Round trip

Robinhood

US users who already invest with Robinhood and want a simple way to buy major coins and listed memecoins (DOGE, SHIB, PEPE, BONK, WIF, TRUMP) without a separate exchange account.

1.9%Round trip

Gemini

US, UK and EU users who want a regulated, licence-focused exchange and can use limit orders on ActiveTrader to avoid the higher app fees.

2.4%Round trip

Coinbase

Beginners in the US, UK or EU who want a regulated, KYC'd on-ramp with bank funding, and who can trade onchain Base/Solana tokens in the same app.

Where Bybit ranks

Bybit FAQ

Is Bybit legit?

Bybit has operated since 2018 and holds a UAE SCA licence (October 2025) and Austria's MiCA authorisation for the EEA. It lost about $1.4B in ETH in a February 2025 hack attributed to North Korea and restored reserves within 72 hours. It has been fined in India and the Netherlands.

Is Bybit available in the US?

No. Bybit's own restricted-countries page lists the United States among excluded jurisdictions, along with Canada, Singapore, Hong Kong and others. Bybit says it may terminate accounts found to misstate their location. Check Bybit's page for the current list.

What are Bybit fees?

At the base tier, spot costs 0.10% maker and taker and perpetuals cost 0.020% maker and 0.055% taker. Rates fall with VIP level, reaching 0.030%/0.045% spot and 0.000%/0.030% perpetuals at Supreme VIP. Alpha on-chain trades charge a fixed 0.5% plus gas.

Bybit vs Hyperliquid: what is the difference?

Bybit is a custodial exchange with mandatory identity checks; Hyperliquid is an on-chain perp exchange where you trade from your own wallet. Bybit's base perp fees are 0.020% maker and 0.055% taker. Compare against Hyperliquid's current schedule on its page.

Is Bybit available in the UK?

Yes, in limited form. Bybit relaunched in the UK on December 19, 2025 with spot and P2P trading under an Archax-approved promotion. Its press release says it is not authorised or registered by the FCA, and UK users have no FSCS or Financial Ombudsman cover.