Bybit
A derivatives-first venue with Binance-like spot fees — and a 2025 hack you should not forget.
- Best for
- Derivatives
- Type
- CEX
- Launched
- 2018
- Fees
- Spot 0.10% / 0.10%. Perps are cheaper at the base tier (often ~0.02% maker / ~0.055% taker). Retail baseline, VIP 0 — always confirm on the venue.
- Access
- Offshore group. Not a US exchange. Check whether your country is supported before you KYC.
- Desk check
- Snapshot September 2026
Bybit grew up as a perpetual-futures shop and still behaves like one. Spot exists and is cheap — typically 0.10% / 0.10% at the base tier — but the order books and the UI assume you came for leverage, copy trading and a long list of alt perps.
In February 2025 attackers drained a very large amount of ETH from Bybit cold wallets. The firm kept operating; the industry treated it as a reminder that “proof of reserves” and “cold storage” are processes, not magic. If you use Bybit, size the deposit as trading float, not as savings, and withdraw when you are done.
Who it is for
Non-US traders who want perps and can live with offshore jurisdiction. A bad primary home for someone whose only move is “buy bitcoin and leave it there.”
Watch-outs
Leverage, copy-trading leaders and bonus campaigns are marketing. Liquidation is math. Confirm you are on bybit.com. This page is editorial, not a referral pitch — we may add tracked links later, clearly labelled. Not financial advice.
What works
- Spot fees in line with Binance; perps are the actual product
- Copy trading and a UI built for leverage users
- Deep alt-perp liquidity for names US venues will not list
What to watch
- February 2025 cold-wallet hack was one of the largest in crypto history
- High leverage is how retail accounts go to zero
- Regulatory perimeter is thinner than Coinbase or Kraken
Always verify the official domain. Some outbound links are tracked and may earn us a commission. Editorial copy is not a paid ranking. Not financial advice.