Affiliate Disclosure: We may earn a commission if you sign up through our links, at no cost to you. We tested Bybit independently — all opinions are our own.
BY
Bybit
Best for derivatives & active traders · Low fees · 700+ coins
Founded 2018 · Dubai, UAE · Top 5 exchange by volume
⚡ Quick Verdict
Bybit is one of the best exchanges for active traders and derivatives — offering spot, futures, options, copy trading, and an earn platform under one roof. Fees are very competitive at 0.1% spot and 0.02% maker for derivatives. The platform is less suitable for complete beginners due to its complexity, but experienced traders will find exceptional value. Not available to US residents.
Bybit Overview
Bybit was founded in 2018 and has grown rapidly into one of the world's largest crypto exchanges by trading volume. Originally focused on derivatives, it has since expanded into a full-service platform offering spot trading, copy trading, an earn/yield platform, NFTs, and more.
With over 20 million registered users and consistently ranking in the top 5 exchanges by derivatives volume, Bybit has cemented its place as a serious alternative to Binance for active traders. Its 0.02% maker fee on derivatives is among the lowest in the industry.
Fees & Costs
Bybit's fee structure is one of its strongest selling points, particularly for derivatives traders. Spot trading fees of 0.1% maker and 0.1% taker are competitive, while derivatives fees of 0.02% maker and 0.055% taker are among the lowest available.
| Product | Maker Fee | Taker Fee | Notes |
|---|
| Spot Trading | 0.10% | 0.10% | Reduced with VIP tiers |
| USDT Perpetuals | 0.02% | 0.055% | Among lowest in industry |
| Inverse Perpetuals | 0.01% | 0.06% | BTC/ETH settled |
| Options | 0.02% | 0.02% | Flat fee structure |
| Copy Trading | Profit share only | No entry fee |
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Fee tip: Bybit VIP tiers unlock significantly lower fees. Even VIP 1 (30-day trading volume $1M+) reduces spot taker fees to 0.08%. For active traders, this compounds into substantial savings.
Security & Regulation
World's #1 Crypto Exchange
World's largest exchange. 0.075% fees · 350+ coins · 180M+ users.
20% rebateSpot & FuturesEU regulated
Bybit stores the majority of customer funds in cold wallets and uses multi-signature authorization for withdrawals. The platform has not experienced a major security breach to date. It employs SSL encryption, 2FA, and withdrawal address whitelisting.
From a regulatory standpoint, Bybit operates under a UAE license and has been expanding its regulated presence in Europe. However, it does not hold licenses in all EU member states and is not available to US residents due to regulatory restrictions.
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Regulatory note: Bybit has faced regulatory scrutiny in several jurisdictions. Always verify its current legal status in your country before depositing funds. UK residents should note that Bybit is not FCA-regulated.
Features & Products
Where Bybit truly shines is its feature depth. Beyond basic spot trading, it offers a comprehensive ecosystem that rivals Binance in scope:
Copy Trading — one of the best implementations in the industry. Filter top traders by ROI, drawdown, win rate, and follower count. Set per-trade investment limits and stop-loss thresholds. No entry fee — traders earn a share of profits only.
Bybit Earn — flexible and fixed-term yield products for stablecoins and major assets. APYs range from 2% to 15%+ depending on product and market conditions. Includes liquidity mining, dual investment, and structured products.
Derivatives — USDT and inverse perpetuals, quarterly futures, and options. Up to 100x leverage available (use with extreme caution). The derivatives interface is professional-grade with advanced order types.
Launchpad — early access to new token listings. Bybit's launchpad has historically featured projects with strong initial returns, though past performance does not guarantee future results.
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Standout feature: Bybit's copy trading is genuinely one of the best in the industry — more transparent and lower-cost than eToro's CopyTrader, with better filtering tools and no minimum investment period.
Pros & Cons
#1 Copy Trading Platform
Follow 800+ top traders automatically · Up to $6,200 welcome bonus.
Copy TradingFutures$6,200 bonus
Pros
- Very low derivatives fees (0.02% maker)
- 700+ coins including many altcoins
- Excellent copy trading platform
- Strong earn/yield products
- Advanced trading tools and interface
- 24/7 live customer support
- No KYC required for basic trading
Cons
- Not available to US residents
- Limited EU regulatory coverage
- Complex interface for beginners
- Shorter track record than Kraken/Coinbase
- Some products not available in all regions
Who Is Bybit For?
| User Type | Verdict | Reason |
|---|
| Active/derivatives traders | Excellent | 0.02% maker fee, professional tools |
| Copy trading followers | Excellent | Best copy trading UX outside eToro |
| Altcoin investors | Great | 700+ coins, frequent new listings |
| Yield/earn seekers | Good | Competitive APYs on Bybit Earn |
| Complete beginners | Not ideal | Complex interface, try Coinbase first |
| US residents | Not available | Bybit does not serve US users |
🏆 Final Verdict
Best Exchange for Active Traders & Derivatives
Bybit has evolved from a derivatives-only platform into a comprehensive crypto ecosystem that rivals Binance in feature depth. Its 0.02% maker fee on perpetuals is exceptional, copy trading is genuinely useful, and the 700+ coin selection covers virtually every major asset. The main limitations are its regulatory status (not available in US, limited EU coverage) and complexity for beginners. For experienced traders outside the US, Bybit is one of the top 3 exchanges available.
Get Started with Bybit →
Frequently Asked Questions
Is Bybit safe to use in 2026?
Bybit is generally considered a reputable exchange with strong security measures including cold storage, 2FA, and regular audits. However, it is not licensed in the US and EU regulation remains limited. Use strong 2FA and only keep funds you are actively trading on the platform.
What are Bybit's trading fees in 2026?
Bybit charges 0.1% maker and 0.1% taker fees for spot trading. Derivatives fees are 0.02% maker and 0.055% taker — among the lowest in the industry. VIP tiers offer further discounts based on 30-day trading volume.
Is Bybit available in Europe?
Bybit is available in most European countries but regulatory status varies by jurisdiction. It has obtained some EU licenses but is not universally regulated across all EU member states. Always check availability in your specific country before signing up.
Does Bybit offer copy trading?
Yes — Bybit offers a copy trading feature that lets you automatically copy the trades of experienced traders. You can filter traders by return, win rate, drawdown, and risk level, and set a maximum copy amount per trade. Traders earn a profit share — no upfront fee.
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Risk Disclaimer: Crypto investing involves significant risk, including possible loss of principal. Derivatives trading carries additional risk of liquidation. This review is for informational purposes only and does not constitute financial advice.
