Overview of Bybit Exchange
Bybit ranks as the #3 centralized cryptocurrency exchange globally by trading volume, with:
- 24-hour trading volume: $2.56 billion
- 7-day trading volume: $2.74 trillion
- Supported assets: 736 cryptocurrencies & 6 fiat currencies
- Active markets: 1,221 trading pairs (BTC/USDT being most popular)
👉 Discover how Bybit compares to top exchanges
Bybit Exchange Services Breakdown
Core Trading Features
Spot Market
- 200+ crypto assets
- 300+ trading pairs
- No crypto-fiat trading
Derivatives Trading
- 100+ perpetual/quarterly futures contracts
- Up to 100x leverage
Three contract types:
- Inverse perpetual (coin-margined)
- Linear perpetual (USDT-margined)
- Inverse futures (quarterly)
Margin Trading
- Available for spot markets
- Supports main/sub-accounts
- VIP interest rate benefits
Advanced Trading Tools
- Grid Trading Bots: Automated 24/7 strategy execution
- Copy Trading: Mirror top traders' strategies
- Options Trading: European-style contracts settled in USDC
Bybit Fee Structure
| Account Tier | Maker Fee | Taker Fee |
|---|---|---|
| Non-VIP | 0.10% | 0.10% |
| VIP 1 | 0.04% | 0.06% |
| VIP 3 | 0.01% | 0.03% |
| Pro 3 | 0% | 0.02% |
Derivatives trading features lower fees for Pro users
Additional Bybit Services
Earn & Grow Programs
- Launchpad: Early access to new token projects
- Earn Platform: Staking & liquidity mining
- NFT Marketplace: ERC-721 token trading
Funding Options
- P2P Trading: 80+ payment methods across 9 fiats
- Card Purchases: $10 minimum via Visa/Mastercard
👉 Explore Bybit's full feature set
Company Background
Founded: March 2018 by Ben Zhou
Headquarters: Dubai, UAE (relocated from Singapore)
Key Milestones:
- 2019: Reached $4B daily volume
- 2021: Launched spot trading, hit $1.7T quarterly volume
- 2022: Partnerships with Red Bull Racing & Circle
Current Stats:
- 6M+ registered users
- $76B peak daily volume (May 2021)
Bybit FAQ
What countries are restricted on Bybit?
Bybit restricts users from China, Singapore, Quebec (Canada), and the United States.
Does Bybit require KYC verification?
Only Level 0 accounts (2 BTC withdrawal limit) don't require full KYC. Higher tiers need ID verification.
What's the minimum Bitcoin withdrawal amount?
0.001 BTC with a 0.0005 BTC network fee.
How does Bybit's copy trading work?
Users can automatically replicate positions opened by experienced traders with transparent performance metrics.
What makes Bybit different from other exchanges?
Bybit specializes in derivatives trading while offering competitive fees, particularly for high-volume Pro users.
Can I stake cryptocurrencies on Bybit?
Yes, through Bybit Earn with both flexible and fixed-term staking options available.