ByBit Review 2023

Last Updated April 20th 2023
20 Min Read

ByBit is a relatively new entrant into the crypto exchange market. However, it has built a reputation as one of the most popular and trusted cryptocurrency brokers for spot trading.

ByBit offers a welcoming platform for both experienced and beginner traders. Not only can users try their hand at crypto spot trading, but they can also engage in passive investing through staking and even trade NFTs. 

ByBit has basically created a space where users can explore different ways to enter the crypto world and gain valuable experience. 

In this ByBit review, we cover everything there is to know about this cryptocurrency trading platform. This review will cover the account opening process, tradable instruments, security, and resources available to aid a trader's journey.

ByBit is our overall best cryptocurrency trading exchange and is one of the best crypto exchanges for beginner traders. 

ByBit Review: Pros & Cons

Here is a summary of ByBit's pros and cons:


  • ✅ Low minimum deposit requirements
  • ✅ Has no fees on deposits
  • ✅ Demo account for practice trading
  • ✅ High levels of transparency 


  • ❌ Only BTC accepted as a base currency
  • ❌ No fiat deposits


Is ByBit A Good Trading Platform? An In-depth Look At ByBit Trading And Investment Features

ByBit is a crypto trading platform designed to help traders make the most of the crypto market through leveraged trading. 

bybit review

But is ByBit Trustworthy, And Is ByBit Good For Beginner Traders?

From their website, ByBit says you can trade cryptocurrencies in the spot market, invest in NFTs, earn a passive income through staking, and trade crypto with other traders in the P2P market. 

  • ByBit is pretty easy to use, even for a beginner trader
  • The platform offers high leverage for maximum profit from trades
  • ByBit has built a reputation for reliability despite not being regulated

ByBit is optimized for mobile, which means traders can easily access it and make trades regardless of whether they are trading from a PC or a smartphone. 

In this ByBit review, we look at what ByBit offers to both traders and investors. We will look in-depth at what traders can expect from this crypto trading platform. 

We will focus on the assets you can trade on ByBit, trading fees, how to use the ByBit copy trading feature, the platform's safety, and the signup process. 

Who Is ByBit?

Since its inception in 2018, ByBit has quickly become a reputable name in the trading world. Their offering of diverse cryptocurrencies, including Bitcoin, Ripple, and Litecoin, has attracted many investors looking to diversify their portfolios. 

ByBit prides itself on being a user-friendly platform, making it easy for beginners to start trading while catering to more experienced traders. Their commitment to security and reliable customer support has also contributed to their positive reputation. 

Overall, ByBit has proven to be a reliable and trustworthy option for those looking to trade cryptocurrencies.

If you're a trader looking to make the most out of your capital, ByBit is the platform for you. With the ability to access high leverage of up to 100x, even the smallest of market movements can bring you significant profits. 

This feature is perfect for experienced traders who already understand the market and want to amplify their earnings. ByBit's user-friendly platform allows for easy navigation and implementation of trades, making it a breeze to take advantage of the high leverage offered. 

Also, ByBit has no minimum deposit requirement, so you can start trading with as little or as much as you want. This is an excellent opportunity for beginners to dip their toes into the trading world and gain experience without breaking the bank. 

Additionally, it's great for experienced traders who want to test a new strategy before committing a significant amount of funds. Whatever your trading goals, ByBit's no minimum deposit policy ensures anyone can join the action.

As a beginner trader, it can take time to navigate the complexities of the market. Fortunately, ByBit's copy trade feature provides an innovative solution to this problem. By allowing traders to follow the moves of more experienced traders automatically, novice traders can learn valuable insights without the risk of making mistakes. 

With this feature, beginners can feel confident in their trading decisions and build their skills over time. ByBit's copy trade feature is a game-changer for anyone looking to learn the intricacies of trading without being overwhelmed by the market.

Like other top cryptocurrency exchanges, ByBit caters to the needs of both traders and investors. The two terms are often confused to mean the same thing but different. Trading is short-term speculation; investing is taking a long-term view of an asset, short-term price fluctuations notwithstanding.

The section below dwells on trading on the ByBit crypto trading platform. 

ByBit Trading Suite – Tradable Assets On ByBit

ByBit has a wide array of cryptocurrencies that one can speculate on. This makes it one of the best cryptocurrency exchanges for speculating on the highly volatile crypto market. 

Below is a more in-depth look at some assets you can trade on ByBit.

ByBit Spot Trading

If you're looking to trade cryptocurrencies, Bybit might be the platform you've been searching for. Not only do they offer the ability to trade over 100 different cryptocurrencies on the spot market, but their fees are also competitive for both Takers and Makers. 

At just 0.1% per trade, you can focus on making profitable trades instead of worrying about excessive fees eating into your profits. Whether you're a seasoned trader or just getting started, ByBit's platform is worth considering. With so many options, you'll find the right opportunity to make a successful trade.

Among the cryptocurrencies you can find on ByBit are Bitcoin, Ethereum, and a wide array of altcoins.

bybit review spot trading

ByBit Options Trading

The world of cryptocurrencies can be daunting, even for the most seasoned investors. However, with the introduction of crypto options, it is now easier than ever before to navigate this complex world. 

These unique financial instruments allow holders to purchase or sell a crypto asset at a set price and time in the future. This means investors have more flexibility and control over their investments, ultimately leading to more profitable outcomes. 

With crypto options, cryptocurrency investing is no longer just for the tech-savvy or the well-versed in finance. Anyone can invest in the crypto market with a basic understanding of options trading.

Bybit has opened up a new world of trading opportunities with its USDC options. ByBit options are cash-settled and designed to offer a unique trading experience with simplified options. They are also European-style, meaning they can only be exercised when the contract expires. 

Traders can take comfort in the settlement being done entirely in USDC, so they don't have to worry about conversions. The flexibility of these options is something that traders will surely appreciate, as they can exploit market volatility and generate profits quickly.

 With ByBit's USDC options, traders can fully take advantage of the cryptocurrency market's potential.

ByBit Futures Trading

Cryptocurrency futures trading offers an exciting opportunity for traders to profit from the volatility of the digital asset market. However, with high leverage comes high risk. That's why ByBit's offering of up to 100x leverage is a game-changer for traders looking to make big gains. 

But the perks don't stop there. Bybit also allows traders to take out insurance against losses, ensuring peace of mind even during market downturns. This is a crucial feature that contributes to ByBit's strong reputation as one of the top exchanges for futures trading. 

Whether you're a seasoned pro or just starting, Bybit gives you the tools and protection you need to succeed in cryptocurrency futures trading.

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ByBit Trading Hours

For traders always looking for the best opportunities to make profits in the crypto market, ByBit is the ultimate trading platform. Open 24/7, this user-friendly platform ensures that traders take advantage of significant price movements in the market, no matter what time it is. 

Whether a seasoned trader or a beginner, ByBit provides a comprehensive range of tools and features to help you make the most of the constantly-changing market conditions. 

With its lightning-fast execution speeds, high liquidity, and low fees, ByBit is the ideal platform for traders who want to maximize their investments within the crypto ecosystem.

ByBit Investable Assets

Up to this point, you have a good idea of what you can trade on ByBit. Let's now look at what you can invest in when using ByBit. 


Staking your cryptocurrency has never been easier than with ByBit's platform. With over 100 tokens, you can quickly diversify your investment portfolio. Bybit offers four different options for earning, including double and single-sided staking. 

Their advanced technology sets ByBit apart from other staking platforms, which allows for high liquidity and low fees. There is no need to worry about complicated processes or technical knowledge. 

ByBit has made staking accessible and user-friendly, making it an excellent choice for seasoned investors and cryptocurrency newcomers.


The world of non-fungible tokens (NFTs) has exploded in recent years, digitizing how we perceive and collect art, music, and sports memorabilia. However, with the surging popularity of this market, so too comes the costly issue of transaction fees. 

That's where ByBit comes in, allowing users to purchase NFTs without worrying about paying gas fees. With a streamlined and hassle-free system, buyers can now focus on securing their desired NFTs without having to cringe at skyrocketing fees. 

ByBit's dedication to making NFTs more accessible is noteworthy, as it opens up the market to a greater audience who pricey fees may have previously deterred.

bybit review nft market

Crypto Loans

ByBit provides an innovative solution for investors looking to maximize their returns in the crypto market. With the ability to borrow against existing holdings as collateral, investors can effectively leverage their portfolio and access additional funds for trading or investing. 

This approach offers an excellent opportunity for those seeking to expand their portfolio while minimizing risk. ByBit's user-friendly platform and commitment to security make it a perfect choice for anyone looking to enter the fast-paced world of cryptocurrency trading. 

ByBit Savings

If you're looking for a new way to earn a return on your cryptocurrency, ByBit Savings might be the solution you've been searching for.

With this unique savings feature, you can earn interest on your coins, just like you would with a traditional bank account. The best part?

You have the freedom to choose between a fixed or flexible rate based on your personal preference. Whether you're interested in long-term growth or keeping your options open, ByBit has you covered.

The best part is that the principle is always guaranteed, making it a risk-free investment option. 

 Whether you're a seasoned investor or just starting, ByBit is worth considering for your next investment strategy.

ByBit Trading Accounts

To make things easier for traders, ByBit has one unified trading account. It allows traders to trade spot, derivatives, and options in one account. This not only saves time but also provides a comprehensive trading experience. 

With one account, traders can access different trading instruments without switching between other platforms. 

With this unified account, you can get up to 1:100 leverage to trade hundreds of cryptocurrencies on the spot market and even invest in other aspects of crypto, such as derivatives and options. 

Institutional Services

bybit review institutional services

ByBit has one of the best lines of institutional trading and investment services. Among the top-quality services that you can access at ByBit are as below:

Institutional Lending

Institutional customers who use the ByBit platform are in for a treat. These customers have access to overcollateralized loans that come with a host of benefits.

One of the most significant advantages of these loans is the ability to trade the collateral in the spot market and perpetual futures markets. This gives customers a level of flexibility that traditional loans cannot match.

Additionally, ByBit offers some of the most competitive interest rates in the market, meaning that customers can enjoy low borrowing costs.

Overall, ByBit's overcollateralized loans are a game-changer for institutional customers looking to make the most of their assets.

Custodial Trading Subaccount

Institutional traders understand better than anyone the importance of managing risks in their portfolios. That's why ByBit offers the option of having multiple sub-accounts within a single account.

This feature allows traders to effectively separate their funds, strategies, and risks. Institutional traders can better control their overall portfolio by creating a sub-account for each of their different trades.

With sub-accounts, traders can create a more diversified and balanced investment strategy, most suitable for their individual needs.

Whether protecting their funds from sudden market changes or optimizing their financial performance, ByBit's platform provides traders with useful tools to help them achieve their goals efficiently.

1-1 Technical Support

Institutional investors must have access to reliable technical support when trading digital assets. That's why ByBit offers its clients personalized 1-1 technical support so that whenever issues or questions arise, there is always someone to help.

This level of support is essential for those looking to trade with confidence, knowing they have the tools they need to navigate the complexities of the digital asset market

By providing exceptional technical support, ByBit is helping its institutional clients achieve their investment goals easily and efficiently.

Marker Maker Program

As the cryptocurrency market continues to evolve, institutions are increasingly looking for better ways to access liquidity in both the spot and derivatives markets. ByBit's market maker program is a solution designed to do just that.

 Institutional clients can use this program to achieve better liquidity and more competitive fees. ByBit offers a rebate of 0.005% for spot trading, making it an attractive choice for institutions looking to optimize their returns on cryptocurrency trading.

With the support of ByBit's market maker program, institutions can access the cryptocurrency market with more confidence and ease.

ByBit Broker Program

The ByBit broker program comes with several perks that institutional investors can use for greater efficiency in handling their crypto investments. The most common aspects to the broker program are as below.

API Broker 

Institutional investors in the asset management space have an ever-growing demand for transparency and speed of execution of services for their clients. ByBit's API broker service offers a reliable solution that makes this demand a reality. 

With the help of ByBit's simple integration and cutting-edge technologies, institutional investors can now directly connect their customers to the ByBit platform with lightning-fast order executions and improved customer service.

This transparent service offering will ensure more trust and confidence between investors and institutions, ensuring greater satisfaction on both sides.

Exchange Broker

In today's fast-paced and rapidly evolving financial landscape, institutional investors and market aggregators require efficient and reliable broker services to navigate the markets.

 That's where ByBit Exchange Broker service comes in, providing a comprehensive solution that allows such institutions to leverage ByBit's robust infrastructure for their needs.

With their cutting-edge technology and unparalleled infrastructure, ByBit eliminates the need for institutions to build their own brokers, thereby giving them a competitive edge.

It makes sense for institutional investors to turn towards ByBit's innovative broker service for greater scalability, reliability, and profitability.

OTC Broker

For institutional investors, timing is everything. Every second counts and any delays in execution could cost millions. That's where ByBit OTC Broker comes in, offering instant execution for block trades.

With this service, institutional investors can rest assured that they'll be able to get their trades done quickly and efficiently without any delays or hiccups. 

Whether you're a hedge fund manager or a family office, ByBit OTC Broker can easily help you get the job done. 

ByBit Launchpad

Investing in new cryptocurrencies can be a high-risk, high-reward venture for investors. ByBit's Launchpad offers a unique opportunity for investors to get in on the ground floor of cutting-edge cryptos before they go mainstream.

These early-stage investments can yield gains of thousands of percentages, making them highly lucrative for savvy investors.

With ByBit's Launchpad, you can gain access to new cryptos before they hit the wider market, potentially setting yourself up for a significant return on investment.

For those willing to take on the risk, the Launchpad represents an exciting opportunity to profit from the fast-paced world of cryptocurrency.

bybit review launchpad


In the world of crypto trading, security is key. If you've been hesitant to keep your funds in a centralized exchange, ByBit's decentralized exchange (DEX) may be the solution you've been looking for.

With the DEX, you can trade thousands of cryptocurrencies directly from your ByBit Web 3.0 wallet, giving you greater control over your assets.

There's no need to worry about a third party holding onto your funds – with ByBit's DEX, you're in charge. Plus, the user-friendly platform makes starting easy, even if you're new to decentralized trading. 

Donate Crypto

Investing in cryptocurrency is not only a way to increase your wealth, but it's also an opportunity to positively impact the world.

ByBit offers a unique feature called Crypto Donate, which allows investors to donate Bitcoin directly to various charities on their platform.

With over a dozen options available, investors can choose which course they want to support and feel good knowing their contribution is making a difference.

ByBit's commitment to philanthropy is just one of the reasons why they stand out in the world of cryptocurrency trading.

ByBit Card

The cryptocurrency world has come a long way in recent years, providing new and exciting opportunities for investors and traders alike.

 And while many platforms offer the ability to buy and sell crypto, ByBit takes things a step further by offering a unique feature that sets it apart from the rest: the ability to spend your crypto directly from the platform.

Thanks to the ByBit card, users can now use their digital currency to make purchases anytime, anywhere in the world. It's a game-changing addition that makes owning and using cryptocurrencies more accessible and convenient. 

bybit card

ByBit Trading Fees

In this section, we look at the fees that you pay to start trading on ByBit. 

ByBit Makers and Taker Fees

In finance, many vital players keep the market moving and thriving. One such player is the market maker, often called a "maker." Market makers are crucial because they provide liquidity, meaning they have assets or funds available to buy and sell to keep the market moving smoothly. 

Market makers act as middlemen between buyers and sellers, helping to bridge the gap between supply and demand. Without these makers, the market could stall, making it difficult for buyers and sellers to conduct trades effectively. 

On ByBit, one can become a market maker, and the fee for it is relatively lower than that of takers. ByBit charges Makers a fee of 0.01% for derivatives and 0.10% for the spot market. 

Takers play a crucial role in the functioning of financial markets. These individuals or entities place market orders intending to immediately remove liquidity from the market by buying or selling a security at the best available price. 

While takers may be seen as 'liquidity removers,' they provide a necessary counterbalance to the market makers who ensure an adequate supply of securities available for trade. 

By taking liquidity off the order book immediately, takers ensure that trades can be executed quickly and efficiently. ByBit understands this and charges takers some of the lowest fees, at 0.06% for derivatives and 0.10% for the spot market. 

ByBit Deposit And Withdrawal Fees

If you're looking for a cryptocurrency exchange with no deposit fees, ByBit might be just what you need. The platform offers a hassle-free way to fund your account without incurring extra costs. 

However, keep in mind that withdrawals come with a fee. The good news is that the fee varies depending on the cryptocurrency you want to withdraw, so you can choose the one that works best for you. 

ByBit Leverage Fee

Trading cryptocurrencies can be an exciting yet risky venture, and that's why traders look for reliable platforms that offer them the right tools and features to minimize their risks while maximizing their rewards. 

ByBit is one such platform that has caught the attention of traders globally. It offers leverage of up to 100X, meaning traders can trade with up to 100 times their initial capital. 

Additionally, ByBit's fee of 0.06% is lower than the industry standard, giving traders more of an edge regarding returns. With these tools, traders can make substantial profits while mitigating their loss risk.

ByBit Funding Fees

Funding fees are integral to spot margin trading, ensuring that the last traded price does not deviate from the spot price across the market. Think of funding fees as interest on a margin trade. 

They may seem like a tedious expense, but they play a crucial role in maintaining market stability and preventing sudden price spikes or crashes. The fees are usually nominal and can be easily factored into your trading strategy. 

So, while funding fees may not always be the most exciting aspect of trading, they are undoubtedly essential.

ByBit has a pair of rules for funding fees, and they are as below:

  • When the funding rate is negative, shorts pay longs, and if it's positive longs pay shorts. 
  • Traders get to earn or pay funding fees in 8-hour cycles starting at 16:00 UTC. 
  • The actual rate of the fees varies with the market volatility 

ByBit Deposit And Withdrawal Methods

Our ByBit review noted that this cryptocurrency exchange has an impressive range of deposit and withdrawal options. 

On ByBit, you can deposit using the following methods:

  • Crypto – Bitcoin, Ethereum, and many other cryptocurrencies
  • PayPal 
  • Debit/Credit Cards

For those looking to do fiat deposits and withdrawals, ByBit supports several fiat currencies. The main ones that you can transact with at the moment are:

  • US Dollar (USD)
  • Brazilian Real (BRL)
  • Euro (EUR)
  • Sterling Pound (GBP)
  • Kazakhstani Tenge (KZT)
  • TRY (Turkish Lira)
  • Ukrainian Hryvnia (UAH)
  • Vietnamese Dong (VND)

Deposits on ByBit take 2 hours to clear, which is a short time. This allows traders to take advantage of emerging opportunities as they arise quickly. There are fees applied when depositing ByBit. 

ByBit Trading Platform: Usability 

Cryptocurrency investments can be complicated, but ByBit aims to simplify things with its user-friendly platform. Signing up is a breeze, and even those new to crypto can easily navigate the website. 

One of the platform's standout features is how simple it is to see the range of available cryptocurrencies, with clear buy and sell buttons making it easy to make transactions. With ByBit's sleek and straightforward design, investing in cryptocurrencies has never been more accessible.

Trading has never been easier than with ByBit's mobile app. If you enjoy trading on the go, this app is perfect. It's easily accessible on Android and IOS, so there's no need to worry about compatibility issues. 

With just a few taps, you can access real-time market data and make trades from anywhere, anytime. The app is user-friendly and provides a seamless trading experience. 

ByBit MetaTrader Compatibility 

ByBit is compatible with MetaTrader. It was one of the first cryptocurrency exchanges to integrate Metatrader into its systems. 

bybit platform

ByBit Technical Analysis Tools

As a trader, navigating the vast amounts of information available to make informed investment decisions can be overwhelming. This is where analysis tools and technical indicators become essential. 

By evaluating market trends and patterns, traders can gain insights into the market's behavior and make informed decisions about buying and selling assets. It's essential to have a deep understanding of these tools and how to use them effectively, as they are a crucial part of a trader's toolkit. 

The ability to quickly and accurately analyze market data can mean the difference between success and failure in the trading world.

ByBit understands this need and offers its users access to highly effective tools like moving averages and the relative strength index, among many others. With these tools, traders can easily and quickly analyze market trends, identify potential entry and exit points, and make informed decisions based on data-backed insights. 

ByBit has undoubtedly made it easier for individuals to navigate the ever-changing world of cryptocurrency trading. Its commitment to providing its users with the best and most useful resources is commendable.

ByBit also understands the need to have up-to-date information on what is happening in the markets and gives traders access to some of its most reliable partners for trading data and insights. Among the main trading data partners that can be accessed through ByBit are as below:


Coinalyze is a game-changer for anyone interested in cryptocurrency analytics. This advanced platform offers much more than essential tools, bringing users a wealth of information that can impact trading decisions. 

From cumulative volume delta to future markets' global charts and advanced candlestick pattern detection, Coinalyze provides everything you need to make informed decisions in your investing. ByBit uses this data to help you stay ahead of the curve with real-time insights. 


As a global cryptocurrency market data provider, Crypto Compare offers real-time, high-quality, and trustworthy market and pricing data on over 5000 coins and over 200k currency pairs. 

With Crypto Compare, investors can make informed decisions about buying, selling, or monitoring cryptocurrency investments. 


As a ByBit partner, Kaiko provides traders with a treasure trove of real-time data that can make all the difference in making the right trading decisions. 

Whether through live streams, APIs, or updated CSV data feeds, users can access every tidbit of information they need to make informed trades. And with the data updated daily, traders can stay ahead of the curve and react to changes in the market as they happen. 

Kaiko empowers traders with the tools they need to succeed, proving to be an essential partner in cryptocurrency.

Multiple Trading Bots

ByBit is a trendsetter partnering with top-notch bot providers to automate traders' transactions. Reducing the manual effort required to analyze market data can significantly simplify trading decisions in an era when time is scarce. 

ByBit's partnership with Haasonline, 3Commas, AlertAtron, Cornix, and a host of other bot providers enables its traders to access a wide range of features, from advanced trading strategies to state-of-the-art market analysis tools. 

As a result, trading activities become less stressful and more accurate. With these partnerships, ByBit is committed to providing traders with excellent trading experiences. Investors can confidently trade, knowing that their trades are powered by bots with proven track records.

ByBit CopyTrading Feature

If you're new to trading or don't have enough time to watch the crypto market all day, ByBit's Smart Copy Mode is the solution you've been looking for. 

With this easy-to-use feature, you can automatically copy trades from experienced traders and potentially profit from their market knowledge and expertise without doing any hard work.

ByBit makes it simple to start, and you can customize your settings to suit your risk appetite and investment goals. 

bybit copy trading

Before you choose to copy a trade, there are several factors you should have in mind. The most important ones are as below:

  • Which cryptocurrency does the trader you are copying focus on?
  • What is their average profitability in a month?
  • How long do they let a trade run?
  • What is the trader's leverage level?
  • How many other traders find it worth copying from the said trader?

ByBit Referral Program

If you want to earn extra cash while trading on a crypto exchange, ByBit might be the perfect platform for you.

Boasting one of the best referral programs among all the exchanges out there, ByBit allows you to earn 30% of every trade completed by those you refer. And what's even better? Utilizing their referral program is a breeze.

 All you have to do is send a referral link to your friends or anyone you know, get them to make a deposit, and then they can start trading. 

ByBit Regulation

ByBit may not be regulated by any governmental body, but it still needs more transparency. Transparency is one of the pillars on that ByBit has built its reputation. 

Although it's a relative newcomer to the crypto exchange scene, ByBit has proven itself to be a formidable contender thanks to its commitment to operating with the utmost transparency. 

By prioritizing transparency, ByBit can offer its users unparalleled trust and confidence in its operations. For anyone looking to engage in spot trading, ByBit is a stellar choice due to its dedication to operating with transparency and integrity.

ByBit Tax Compilation 

Taxation can be daunting for most crypto investors, especially since it is still a relatively new asset class. But fear not, as ByBit has devised a solution to help investors deal with this complicated issue.

By providing a tax API, investors can do their taxes from the comfort of wherever they are. This innovative tool not only simplifies the process for investors but also helps them to stay compliant with tax regulations.

With ByBit's tax API, investors can focus on what they do best, making sound crypto investment decisions without worrying about the complexities of taxation.

Where Does ByBit Store Client Funds?

Transparency is crucial in cryptocurrency, and Bybit understands this better than most. That's why they've made it their mission to maintain a 1:1 reserve on all user assets on their platform. 

What does that mean, exactly? It means enough funds will always be available to cover users' withdrawals, even in a market crash. And to further demonstrate its commitment to transparency, Bybit publishes its reserves and user assets regularly. 

This open approach instills a sense of trust and confidence in their users, knowing that their assets are safe and secure. No wonder Bybit has become one of the most trusted players in the crypto game.

Which Countries Does ByBit Support?

ByBit offers its services to most countries across the globe. However, there are a few where this high-flying cryptocurrency exchange is restricted from operating. 

Below are countries where you cannot open a ByBit trading account.

  • United States
  • China 
  • Canada (Quebec & Ontario)
  • North Korea
  • Iran 
  • Russia

Can I Use MetaTrader With ByBit?

ByBit is compatible with Metatrader platforms like MT4 and MT5, so you can leverage all the tools to make the most of your trades. 

ByBit App Review

The ByBit App is available on Android and IOS and is easy to use. It is one of the most responsive apps for crypto trading. 

bybit review mobile app

ByBit Auto Copy Trading

The byBit copy trading feature is called the ByBit Smart Copy Mode. With this feature, users can copy the moves of more experienced traders in real-time. 

ByBit Smart Copy is perfect for beginner traders as it allows them to instantly start following the moves of experienced traders without much of an issue regarding technical complications. 

Does ByBit Offer Leverage On My Trading Account?

Yes, with ByBit, you can make leveraged trades for up to 1:100. This means users can significantly magnify their potential gains even when trading with a relatively small account.

ByBit Wallet

Crypto enthusiasts are in for a treat with the Bybit Wallet - a custodial crypto wallet unlike any other. More than just simply holding your crypto assets, this wallet opens up an entirely new world to explore.

By giving access to the decentralized web of DeFi, GameFi, and NFTs, the Bybit Wallet allows seamless and secure participation in the exciting and rapidly growing world of cryptocurrency. 

With so much to gain, it's easy to see why the Bybit Wallet is quickly becoming a go-to choice for savvy investors looking to get ahead in the crypto game.

To access the ByBit Wallet, log in to the ByBit website, select withdrawal, and then select ByBit Wallet. 

ByBit Educational Materials

In today's world, where digital currencies are taking over the markets, it's essential to know about crypto trading. ByBit understands the importance of educating its users and providing them with the best learning experience possible. 

That's where ByBit Learn comes in, which offers an impressive range of educational resources, including interactive tutorials, live webinars, and user guides. 

With ByBit Learn, anyone can quickly move from a novice to a professional trader without leaving home. Whether you're a crypto enthusiast or a seasoned trader looking to refine your skills, ByBit Learn covers you.

What Financial Instruments Can I Trade On ByBit?

For now, ByBit only offers cryptocurrencies. But with hundreds of them to choose from and the high volatility associated with the crypto market, this one asset class is enough. 

Is ByBit Suitable For Professional Traders?

For professional traders, navigating the cryptocurrency market can be daunting. With so many platforms, finding one that checks all the boxes is essential. 

ByBit is a platform known for its low trading fees, fast execution, and secure deposits. It has become the go-to choice for traders in the know. 

Whether you're just starting or are a seasoned pro, ByBit offers a range of tools and features that make it easy to maximize your profits and stay ahead of the game. 

How To Start Trading On ByBit

To start trading on ByBit is relatively easy. To help you out, here are the steps to follow and create a ByBit account. 

Step 1: Create A ByBit Account

Visit the ByBit website and click and click Register Now. 

Step 2: KYC

Upload your government issues ID to have your details verified by the ByBit team. 

Step 3: Make A Deposit 

Once your account has been verified, make a deposit and start trading. 

Step 4: Start Trading

Once you have made a deposit, you can scan through the ByBit website and find a cryptocurrency to pair depending on your risk/reward analysis at that given time. 

How Do I Withdraw From ByBit?

To withdraw from ByBit, log in to the ByBit website, navigate to the crypto you want, and click withdraw. 

Enter the amount you want to withdraw, then select the blockchain you want to use. It's a straightforward process that anyone can easily navigate. 

Does ByBit Have A Demo Account?

For those interested in honing their crypto trading skills, Bybit offers a unique opportunity to demo trade without depositing any real money. 

The platform operates on a virtual currency system, using Bitcoin's current spot price to provide users with an accurate representation of how their trades would have fared with real money. 

This innovative program is available through the ByBit testnet. This is an ideal platform for those wanting to practice their trading strategies and make informed decisions without any financial risk. 

ByBit Review – Conclusion

From our ByBit review, it is one of the best cryptocurrency exchanges for spot trading. It has a low entry minimum and spot trading fee of 0.01%. 

One of the best ByBit features is that it allows copy trading. This means beginner traders can take part in the lucrative crypto market. 

Most importantly, ByBit is a transparent cryptocurrency exchange. ByBit is fully audited and has proof of reserves. This means regardless of the ups and downs of the crypto market, traders and investors will never lose their deposits. 

ByBit – Best Cryptocurrency Exchange For Traders And Investors.

Despite being relatively new in the market, ByBit has proven itself a reliable player in the crypto market.

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FAQs ByBit Review

Is ByBit Trustworthy?

Yes, ByBit is a trustworthy broker. They have proof of reserves, which means investors can always count on ByBit to give them back their deposits.

Is ByBit Really Free?

ByBit is not free but has some of the most competitive trading fees of all leveraged crypto trading platforms.

Does ByBit Offer Market Analysis Tools?

ByBit has many technical analysis tools to help traders make the most of their trades. They also have educational tools to help traders better understand the core concepts of trading crypto.

Can You Make Money With ByBit?

Yes. There are multiple ways to make money with ByBit. You can trade in the spot market or earn passively by staking cryptocurrencies.

What Type Of Broker Is ByBit?

ByBit is a cryptocurrency exchange that allows traders to trade on the spot market and earn by acting as market makers.

Is ByBit Beginner-Friendly?

ByBit is a beginner-friendly cryptocurrency exchange. Besides an easy-to-understand interface, ByBit has a demo mode to help beginner traders build their skills before diving into crypto trading.

Is ByBit Legitimate?

Yes. ByBit is legitimate and has invested heavily in ensuring customers' money is always safe. It even has Proof-of-Reserves as an added way to show investors that their money is in safe hands.

Does ByBit Accept US Clients?

No. ByBit does not accept US customers.

What Is The Minimum Deposit On ByBit?

There is no minimum deposit on ByBit when you deposit with USDT, USDC, or Ethereum.