Bybit Review 2026: Fees, Features & Is It Worth It?

Bybit Review 2026: A Complete Breakdown

Bybit has steadily climbed the ranks to become one of the top five crypto exchanges globally by trading volume. Originally launched in 2018 as a derivatives-focused platform, it has since expanded into a full-service exchange covering spot trading, options, lending, staking, an NFT marketplace, and much more. In this comprehensive Bybit review for 2026, our team examines every aspect of the platform to help you decide whether it deserves a place in your trading toolkit.

For context, we have been actively testing Bybit accounts since early 2023, executing hundreds of trades across spot, futures, and options markets. Every data point in this review comes from hands-on experience or verified official sources.

Who Is Bybit Best For?

Bybit appeals to a broad range of traders, but it particularly shines for:

• Derivatives traders looking for deep liquidity and up to 200x leverage
• Intermediate to advanced traders who want professional charting and order types
• Copy trading enthusiasts who want to follow top-performing strategies
• Global users outside the United States (Bybit does not serve US customers)

If you are a complete beginner, Bybit can still work, but platforms like Coinbase may offer a gentler learning curve.

Bybit Trading Fees in 2026

One of the most important factors when choosing an exchange is the fee structure. Bybit remains highly competitive in this area.

Spot Trading Fees

Bybit uses a tiered maker-taker fee model for spot trading. The base tier (VIP 0) charges:

• Maker fee: 0.10%
• Taker fee: 0.10%

As your 30-day trading volume increases or your Bybit asset balance grows, you unlock lower fee tiers. VIP 1 starts at $1 million in 30-day volume, bringing spot fees down to 0.0675% maker and 0.0800% taker. At the highest Pro tiers, spot maker fees can drop to 0.005% and taker fees to 0.020%.

Derivatives Trading Fees

This is where Bybit truly excels. The base-tier derivatives fees are:

• Maker fee: 0.02%
• Taker fee: 0.055%

These are among the lowest in the industry at the entry level. For comparison, Binance charges 0.02% maker and 0.05% taker for USDT-margined futures at its base tier, making the two platforms nearly identical for derivatives traders.

Deposit & Withdrawal Fees

Deposits are free on Bybit for all supported cryptocurrencies. Withdrawal fees vary by asset and network:

• BTC withdrawal: 0.0002 BTC (~$10 at current prices)
• ETH withdrawal (ERC-20): 0.0015 ETH (~$5)
• USDT (TRC-20): 1 USDT
• USDT (Arbitrum): 0.5 USDT

Bybit supports multiple networks for popular tokens, which lets you minimize withdrawal costs by choosing cheaper L2 options.

Supported Cryptocurrencies and Trading Pairs

As of February 2026, Bybit supports over 900 spot trading pairs and more than 400 perpetual contract markets. The exchange regularly lists new tokens, often being among the first major platforms to offer trending projects.

Key supported assets include:

• All major cryptocurrencies (BTC, ETH, SOL, XRP, ADA, AVAX, DOT, LINK)
• Popular memecoins and trending tokens
• Stablecoins (USDT, USDC, DAI)
• A growing selection of real-world asset (RWA) tokens

The derivatives market covers perpetual contracts (both USDT-margined and inverse), as well as options for BTC, ETH, and SOL.

Platform and User Experience

Web Platform

Bybit’s web trading interface is clean and professional. The platform uses TradingView charts with the full suite of indicators and drawing tools. Order entry supports market, limit, conditional, and trailing stop orders. The unified trading account system lets traders manage margin across spot, derivatives, and options from a single balance.

Mobile App

The Bybit mobile app (available on iOS and Android) mirrors the web experience closely. Our team found the app responsive and well-designed, with quick order execution and real-time price alerts. The app consistently ranks among the highest-rated crypto exchange apps on both app stores.

API

For algorithmic traders, Bybit offers robust REST and WebSocket APIs. The documentation is thorough, and the exchange supports both unified and classic account endpoints. Rate limits are generous compared to most competitors.

Security Features

Security is non-negotiable when choosing a crypto exchange. Here is how Bybit stacks up:

• Cold storage: The majority of user funds are held in multi-signature cold wallets
• Two-factor authentication (2FA): Supports Google Authenticator and SMS verification
• Anti-phishing code: Users can set a custom code that appears in all official Bybit emails
• Withdrawal whitelist: Restrict withdrawals to pre-approved addresses only
• Bug bounty program: Active program rewarding security researchers

Bybit experienced a significant security incident in February 2025, when approximately $1.5 billion in ETH was stolen from a cold wallet through a sophisticated supply-chain attack. The exchange responded by fully covering all losses from reserves without any impact on user withdrawals, demonstrating strong financial backing. Since then, Bybit has overhauled its custody infrastructure, implemented additional signing safeguards, and engaged third-party security auditors for ongoing review.

Proof of Reserves

Bybit publishes proof-of-reserves reports through independent audits, allowing users to verify that the exchange holds sufficient assets to cover all customer balances. As of early 2026, Bybit’s reserve ratio stands above 100% for all major assets.

Bybit Earn: Staking and Yield Products

Bybit offers several ways to earn passive income on crypto holdings:

• Flexible savings: Earn variable APY on idle assets with instant withdrawal
• Fixed-term savings: Lock assets for higher rates (typically 30, 60, or 90 days)
• Launchpool: Stake assets to earn newly listed tokens
• Liquidity mining: Provide liquidity to earn trading fees and bonus rewards
• ETH staking: Liquid staking with bbETH

Current flexible savings rates hover around 2-5% APY for stablecoins and vary for other assets depending on market conditions.

Copy Trading

Bybit’s copy trading feature is one of the most mature in the industry. Users can browse a marketplace of master traders, view their historical performance, risk metrics, and win rates, then automatically mirror their trades.

Key copy trading features include:

• Transparent trader statistics (PnL, drawdown, follower count)
• Customizable allocation and risk limits per master trader
• Support for both spot and derivatives copy trading
• No additional fees beyond standard trading fees

Our team tested copy trading over a 3-month period and found the execution speed reliable, with trades mirroring within seconds.

Trading Bots

Bybit offers built-in trading bots directly on the platform:

• Grid bot: Automatically buys low and sells high within a set price range
• DCA bot: Dollar-cost averages into positions at regular intervals
• Martingale bot: Increases position size after losses (higher risk)
• Futures grid bot: Grid trading for perpetual contracts

These bots require no coding knowledge and can be set up in minutes. The platform also features a bot marketplace where users can copy profitable bot strategies from other traders.

Bybit Card

Bybit offers a crypto debit card in supported regions, allowing users to spend their crypto holdings at any merchant that accepts card payments. The card supports multiple cryptocurrencies and converts to fiat at the point of sale.

Regulatory Status and KYC

Bybit has made significant strides in regulatory compliance:

• Licensed in the UAE (VARA)
• Licensed in Kazakhstan (AIFC)
• Registered in multiple jurisdictions across Europe and Asia
• KYC required for all users (mandatory identity verification)

Note that Bybit does not serve customers in the United States, the United Kingdom (as of certain restrictions), and several other restricted jurisdictions. Always check the latest list of restricted countries before signing up.

Customer Support

Bybit offers 24/7 customer support through:

• Live chat: Available on the website and app, typically responsive within minutes
• Email support: For more complex issues
• Help center: Extensive knowledge base with guides and FAQs
• Community: Active presence on Twitter/X, Discord, and Telegram

In our testing, live chat responses arrived within 2-5 minutes, and support agents were generally knowledgeable about trading-specific questions.

How Bybit Compares to Competitors

Here is how Bybit stacks up against other major exchanges:

Bybit vs Binance: Both offer similar fee structures and deep liquidity. Binance has a larger selection of spot pairs, while Bybit often provides a smoother user experience and faster listing of new tokens. Read our full Binance review for more details.

Bybit vs OKX: OKX offers a comparable derivatives experience with similar fees. Bybit edges ahead in copy trading features, while OKX has a stronger DeFi wallet integration.

Bybit vs Coinbase: Coinbase is better for US-based beginners, but Bybit offers dramatically lower fees, more trading pairs, and superior derivatives trading. See our beginner’s guide for more on choosing your first exchange.

Our Testing Methodology

Our team evaluates every exchange using a standardized process:

1. Account creation: We register, complete KYC, and assess the onboarding experience
2. Deposit and withdrawal testing: We deposit and withdraw multiple assets across different networks, recording speeds and fees
3. Trade execution: We place market and limit orders across spot and derivatives, measuring slippage and fill rates
4. Feature testing: We test every major feature (copy trading, bots, earn products, etc.) over a minimum 30-day period
5. Security audit: We review security practices, proof of reserves, and incident history
6. Customer support: We contact support with real questions and record response times and quality
7. Ongoing monitoring: We revisit exchanges quarterly to update our reviews

Pros and Cons

Pros

• Very competitive derivatives fees (0.02% maker / 0.055% taker)
• Deep liquidity across all major trading pairs
• Excellent copy trading and bot features
• Clean, professional interface on web and mobile
• Strong proof of reserves and transparency
• 900+ spot trading pairs

Cons

• Not available in the US or certain other jurisdictions
• Spot fees at base tier (0.10%/0.10%) are average, not outstanding
• The 2025 security incident, while handled well, is a historical concern
• Earn product APY rates can be lower than DeFi alternatives

Frequently Asked Questions

Is Bybit safe to use in 2026?

Bybit has strengthened its security infrastructure significantly since the 2025 incident. The exchange maintains proof of reserves above 100%, uses multi-signature cold storage, and has implemented additional custody safeguards. While no exchange is 100% risk-free, Bybit is considered one of the more reliable options in the industry.

Can US residents use Bybit?

No. Bybit does not serve customers in the United States. US-based traders should consider alternatives like Coinbase or Kraken.

What is the minimum deposit on Bybit?

There is no fixed minimum deposit amount on Bybit. However, each trading pair has a minimum order size, typically around $1-5 for spot trading.

Does Bybit offer leverage trading?

Yes. Bybit offers up to 200x leverage on select perpetual contracts. Leverage is adjustable per position, and the exchange provides tools like isolated and cross margin modes to manage risk.

How does Bybit’s copy trading work?

Users can browse master traders on the platform, review their historical performance and risk metrics, and choose to automatically copy their trades. Allocations and risk limits are customizable, and there are no additional fees beyond standard trading commissions.

Final Verdict

Bybit has earned its place among the top-tier crypto exchanges in 2026. The combination of low derivatives fees, a polished trading interface, deep liquidity, and a strong suite of features like copy trading and built-in bots makes it an excellent choice for intermediate to advanced traders. The platform’s handling of the 2025 security incident — fully covering user losses — demonstrated financial resilience and a commitment to users.

That said, Bybit is not the best fit for everyone. US residents cannot access it, and complete beginners may find the wealth of features overwhelming at first. For those who qualify and want a professional-grade trading experience, Bybit is well worth considering.

Ready to try Bybit? Sign up and start trading →

Disclaimer: Cryptocurrency trading involves substantial risk of loss. The information in this review is for educational purposes only and does not constitute financial advice. Never invest more than you can afford to lose. Past performance of copy trading strategies or trading bots does not guarantee future results. Always do your own research before trading on any platform.