ByBit review

ByBit

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ByBit Review – Is It Still One of the Best Crypto Exchanges in 2025?

If you're dipping your toes into the thrilling (and sometimes nerve-wracking) world of crypto trading, you’ve probably heard of ByBit. It’s one of the fastest-growing exchanges, often mentioned alongside the likes of Binance, OKX, or Bitget. But does it live up to the hype in 2025? Or is it just another shiny object in the crowded crypto space? Let’s break it all down—no fluff, no bias, just the facts from someone who’s been in the crypto trenches.

What is ByBit?

ByBit is a centralized crypto exchange launched in 2018. It started by focusing on derivatives trading, especially perpetual contracts, and quickly gained traction among leverage junkies. Since then, it has evolved into a full-fledged exchange offering:

Spot trading
Derivatives (USDT & inverse contracts)
Options
Copy trading
Launchpad for new tokens
Staking and earn products
NFT marketplace
Web3 wallet support

ByBit Interface and User Experience

The user interface is buttery smooth—simple enough for beginners, yet powerful for pros.

Dashboard customization: Move widgets like PnL, order book, chart view
Mobile app: One of the best mobile trading experiences out there
TradingView integration: Full charting tools inside the platform
Dark/light modes: Your eyes will thank you during a long trading session

Is ByBit Safe?

Security-wise, ByBit ticks the right boxes:

Cold wallet storage for 95% of funds
Real-time monitoring and advanced risk controls
Multi-signature wallets
Mandatory 2FA for withdrawals
No KYC needed for small withdrawals, but full KYC for serious usage

Trading on ByBit – A Deep Dive

Spot Trading

ByBit offers spot pairs on major assets like BTC/USDT, ETH/USDT, SOL/USDT, XRP/USDT, and hundreds more. Spreads are tight, execution is fast, and liquidity is deep.

Derivatives Trading

This is ByBit’s main arena. You can trade perpetual contracts with up to 100x leverage on BTC and ETH, and lower leverage on altcoins.

Options Trading

A newer addition, still maturing. Settled in USDC, with growing volume.

Copy Trading

Perfect for newbies. Pick a top-performing trader and mirror their trades.

Fees and VIP Program

ByBit uses a maker/taker fee model.

Spot Trading: 0.1% / 0.1%
Derivatives: 0.02% (maker) / 0.055% (taker)

VIP users get up to 60% off fees based on 30-day volume.

VIP users get up to 60% off fees based on 30-day volume. There's also a referral system and occasional zero-fee promotions.

KYC and Regulations

ByBit operates in a bit of a gray zone. They moved HQ to Dubai to avoid regulatory pressure from US and China. You can’t use ByBit in the US, at least not legally.

However, if you're in Europe, Asia, or Latin America, you're good to go.

KYC Tiers:

No KYC: Withdraw up to 20k USDT/day
Level 1 KYC: Up to 1M USDT/day
Level 2: Extra compliance for institutional users

VIP users get up to 60% off fees based on 30-day volume. There's also a referral system and occasional zero-fee promotions.

ByBit App – Trade on the Go

The mobile app is excellent:

Fingerprint login
Real-time alerts
Copy trading integrated
Earn + Launchpad access
NFT support

You can manage a full trading strategy straight from your phone. It’s perfect for active traders and weekend degen gamblers alike.

ByBit Launchpad and Launchpool

Looking for that next 100x altcoin gem?

ByBit Launchpad has featured early-stage listings like

SUI,
GAL,
PIXEL,
ACE.

You need to hold BIT tokens or commit USDT to join token sales. It’s competitive, but often worth it. Launchpool lets you stake tokens to earn new ones, usually without lock-up. Think of it as free passive income, if you're already holding the assets.