Bybit continues to be a dominant force in the global crypto industry in 2025. With a focus on advanced trading tools, such as spot trading and futures trading with up to 200x leverage, Bybit has been able to gain the trust of all types of traders including beginners and professional traders. It offers deep liquidity and innovative features, like staking, copy trading, trading bots, and more.

Let’s explore this exchange comprehensively to help you decide how it meets your daily crypto needs.

About Bybit

Founded in 2018 and headquartered in the UAE, Bybit has quickly become one of the leading crypto exchanges in the world. Bybit has focused on improving the crypto space by creating a unique and fair ecosystem for crypto users. With an emphasis on Web3, Bybit is actively developing associations with top blockchain projects to build an innovative and driving infrastructure.

Established by founder and CEO Ben Zhou, the platform has grown immensely in the crypto industry. Since its launch, the global community of Bybit has been increasing rapidly and now stands at a staggering figure of over 60 million worldwide users. It has a daily average trading volume of over $36 billion and can handle over 100,000 transactions per second for each contract, giving it a clear edge over the competition.

Bybit seamlessly connects traditional finance with decentralized finance (DeFi) to help creators and developers realize the full potential of Web3. It offers a wide range of futures products with 100x leverage and up to 200x leverage on certain contracts, including USDT Perpetual, Inverse Perpetual, Futures, USDC Perpetual, and USDC Options. Its spot platform focuses on margin trading and offers over 300 spot trading pairs, including top coins like BTC, USDT, and USDC. In addition, you can generate passive income through several opportunities offered by the platform, such as Copy Trading, bonuses, and more.

How to Sign Up for Bybit?

Signing up for Bybit is simple, as you just need to follow some easy steps.

Visit Bybit.com and click on Sign Up. All you need to do is enter your email or mobile number, create a strong password based on capital and small letters, numbers, and symbols, and agree to the terms of service and privacy policy. Once done, you can click on Create Account, and you will receive a message on your email or phone with a unique code that you need to provide to confirm your account.

KYC (Know Your Customer) Procedure on Bybit

Bybit encourages its users to use the KYC (Know Your Customer) procedure to improve security and increase the daily withdrawal limit. You can trade popular cryptocurrencies like Bitcoin and Ethereum on the platform without the KYC procedure, but your daily withdrawal limit will be limited to around 20k USDT. In addition, without completing KYC, you cannot use several unique features like Buy Crypto Services, Bybit Earn products, and getting the Bybit Debit Card.

So, if you want to increase your daily withdrawal limit to 1 million or 2 million USDT, and benefit from the unique features by Bybit, verify your account with KYC Level 1 and Level 2 procedures.

Bybit KYC Level 1

The Bybit KYC Level 1 allows you to increase your daily withdrawal limit to 1 million USDT. To complete the KYC Level 1 identity verification:

• Provide the documents (ID card/Passport) issued by the country of your origin.
• Complete facial recognition.

Bybit KYC Level 2

With Bybit KYC Level 2, you can increase your daily withdrawal limit to 2M USDT. For this, you need to submit:

• Proof of address documents such as utility bills, bank statements, and residential proof issued by your government.

Benefits of KYC

The KYC procedure on Bybit helps you in several ways. It enables you to meet Bybit’s legal requirements and prevents your account and funds from being hacked. With Bybit KYC, you can access earn products, fiat services, and higher withdrawal limits. In addition, KYC allows you to unlock exclusive events on Bybit, like Launchpads. You can easily recover your account access if your credentials are lost when using a KYC-verified account.

Key Products and Features on Bybit

Bybit offers a wide range of advanced products and features, catering to beginners and seasoned traders. Let’s explore what makes Bybit the top choice of crypto users.

Bybit Convert

Bybit Convert is an innovative tool on Bybit exchange that allows you to swap between fiat and cryptocurrencies with just a click.

It supports several trading pairs, and you can easily convert your assets whenever needed. You just need to pick the asset you want to convert, and it happens instantly.

With Bybit Convert, you can take advantage of market fluctuations by converting assets in real time. The tool covers multiple account types: spot, funding, futures, and more.

Bybit Earn

Bybit Earn is a remarkable financial product for crypto users that allows them to generate passive income.

It allows you to engage in several activities, including stacking, early participation in new projects, savings, structured investments, and more.

Bybit Earn is a collection of seven financial tools with different functionalities. These tools include:

• Bybit Savings lets you earn interest on your crypto savings.
• ETH2.0 Liquid Staking encourages you to stake your Ethereum assets while keeping them accessible.
• Liquidity Mining allows you to contribute to liquidity pools to earn rewards.
• Dual Asset benefits you from the price movements of two assets at once.
• Double-Win is a short-term structured product that allows you to profit from market movements.
• Wealth Management offers you personalized investment strategies according to your monetary goals.
• Launchpool makes it easy for you to make early investments in newly launched tokens before anyone else.

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Affiliate Program

The Bybit Affiliate Program allows you to generate passive income through promotional services.

It has been designed for influencers, bloggers, content creators, publishers, and users with an extensive network of participants. Remember, you can freely participate in the program but need to complete your KYC Level 1.

To become a participant, go to affiliates.bybit.com and click on Apply. After this, complete a questionnaire about yourself and your plans to promote Bybit. Once your application is accepted, you can earn up to 50% commission on trading fees, use cryptos for payouts, and earn money when your referrals start trading on the platform using your link.

In addition, you can earn up to 5% commission by referring to Bybit Earn Products and 10% sub-affiliate commission reward. You will also get an exclusive dashboard to view your earnings, receive amazing account services, and explore new products.

Trading Bots

Using its trading bots, you can enjoy AI (Artificial Intelligence) trading assistance on Bybit.

The Bybit Trading Bots are automated programs that handle everything for you. Your orders will be executed automatically with an intelligent trading grid and preset triggers.

Navigate to the Trading Bot menu to access Futures Grid, Futures Martingale, Futures Combo, Spot Grid, and DCA bots on Bybit.

Bybit Copy Trading

Another interesting feature offered by Bybit is Copy Trading. As a beginner, you can use this feature to copy the trades of top traders on the exchange.

Bybit Copy Trading uses automation to trade crypto assets and allows you to copy experienced traders’ trading methods, also known as Master Traders.

Go to Copy Trading to access several copy traders, which are categorized based on Top Traders by ROI (Return on Investment), Highest Follower Profit, Boosted Traders, and more. You can select any of your favorite traders, copy them, and start making money.

You can also access the Copy Trading Pro feature on Bybit to invest in strategies created by Pro Master traders.

Bybit Rewards Hub

Bybit offers its customers a wide range of opportunities in which they can participate to earn exclusive rewards and benefits. As a Bybit user, you can complete several tasks, like signing up or meeting deposit requirements, to earn benefits.

You can earn bonuses to help offset your trading losses. Bybit offers you coupons to reduce trading fees and airdrops of tokens to increase your holdings. You also get fee discounts, APY (Annual Percentage Yield) boosters, loss cover vouchers, and more.

Remember, these rewards come with their own set of timeframes and conditions.

Other Top Features on Bybit

Bybit offers many additional financial tools to its users.

• Bybit Crypto Loans allows you to earn hourly interest by lending your assets to other users. In addition, it also enables you to borrow funds from other users without selling your crypto assets.
• The Bybit Card allows you to spend cryptocurrencies in daily transactions without any hassle. It is offered both as a virtual card and as a physical card.
• Bybit Demo Trading allows you to improve your trading skills without using any capital.
• Bybit TradeGPT is an advanced feature that seamlessly combines AI with Bybit’s robust market data to polish your trading strategies.
• Bybit Launchpad and Launchpool allow you to make healthy profits on your investments.
• You can become a Bybit VIP member through its VIP program, which has been designed to offer exclusive perks and trading benefits. You just need to meet its trading volume criteria to become a VIP member and enjoy lower trading fees, event invitations, early campaign access, and more.

However, the features do not stop here. In addition to being a top crypto exchange, Bybit is a major gateway to Web3. You can easily mint, trade, and showcase NFTs on its NFT marketplace. Some other remarkable Web3 features include:

• Web3 Staking for investing in DeFi assets.
• Earn on IDO.
• Trade using DEX Pro.
• Bybit wallet integration.

Bybit Interface

Bybit has a user-friendly interface that boasts an intuitive design and offers a better user experience. You can easily access all features on the platform with a single click.

In the upper right corner of the page, you have the sign-up, log-in, Bybit mobile app download, and language-changing options. In the upper left corner, you can switch between Exchange and Web3. In the middle, you have all the innovative options, such as trading, finance, and more.

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Trading on Bybit

Bybit offers users both Spot and advanced Futures trading options. The trading interface on the platform offers all the required technical tools to execute trades seamlessly.

With Spot trading, you can enter the live cash market where you can exchange cryptocurrencies at the current market price. All you need to do is go to Trade and then click on Spot. Choose your Spot trading pair from over 300 pairs available, select the order type, and fill in the order details to start trading. In Spot trading, you will find some common order types: Limit, Market, TP/SL, Conditional, OCO (One-Cancels-the-Other), Trailing Stop, Iceberg, TWAP (Time-Weighted Average Price), and Scaled.

On the other hand, Futures trading on Bybit offers you trading with 100x leverage and up to 200x leverage on certain contracts. It offers more advanced features, such as USDT Perpetual, USDC Contracts and Options, and Inverse Contracts. In Futures trading, you can find advanced order types, such as Chase Limit Order and Webhook Signal Trading.

Bybit Order Types

The following are the main order types you can find on Bybit:

• Market Order: it is executed immediately at the current market price for a quick entry or exit.
• Limit Order: allows you to trade an asset at a specified price or better.
• Conditional Order: this order is activated when a specific criterion is met.
• Take Profit and Stop Loss Order: automatically closes a position at a specified profit or loss level.
• Iceberg Order: splits the larger orders into smaller ones, reducing the impact of market disruption and price slippage.
• One-Cancels-the-Other Order: allows you to set two orders simultaneously, cancelling one order when the other is executed.
• Post-Only Order: ensures that a limit order is added to the order book unless it is immediately matched.
• Trailing Stop Order: follows the price of an asset as it moves in a favorable direction but remains fixed if the price makes an opposite move, thus limiting losses.
• Time-Weighted Average Price (TWAP) Order: this allows the execution of large trades over a specific time to minimize the impact of the market.
• Scaled Order: divides large orders into smaller ones to help manage the risk of price fluctuations.
• Chase Limit Order: automatically adjusts the price to match the best market price until it is filled, cancelled, or reaches a specified maximum chase distance.
• Webhook Signal Trading: this is a trading strategy that automatically triggers trading orders based on changing market conditions.

Making a Deposit on Bybit

Once you have created your Bybit account, you can make a deposit.

Bybit started as a crypto-to-crypto platform, meaning you could not make fiat deposits or withdrawals. However, with time, it has made it accessible for its users to make crypto as well as fiat deposits, leaving behind many of its competitors.

Now, Bybit supports over 60 fiat currencies and 20 coins, including the top ones, like Bitcoin, XRP, and Ethereum. You can now use USD or EUR to make a deposit on the platform and even search for your native fiat currency, if available. Bybit supports several payment methods, and you can also use your credit card to make the transactions seamless on the platform.

Remember, to make a fiat deposit on Bybit, you first need to complete your KYC Level 1 to start fiat deposits on the exchange. In addition to crypto and fiat deposits, you can start P2P trading on Bybit, which allows the buying and selling of coins, including USDT. With Bybit P2P, you can buy and sell coins with zero fees.

How to Make a Withdrawal on Bybit?

Bybit allows you to smoothly and securely withdraw your funds through various supported methods. Considering the security measures, it often takes 15 minutes on the platform to complete a withdrawal request. Remember, you need to complete your Google Two-Factor Authentication (2FA) to easily withdraw funds.

It supports several ways to withdraw funds, including on-chain withdrawal, internal transfer, and fiat withdrawal. You can use on-chain withdrawal to transfer coins from your spot or funding account to your wallet. The internal transfer is for transferring coins between your Bybit accounts. If you want to convert crypto coins into fiat currency and then withdraw them to your added bank account, you can use fiat withdrawal.

Also, don’t forget that the withdrawal limits vary according to your KYC and VIP levels.

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Bybit Fees

The trading fees on Bybit vary for VIP and non-VIP users. The VIP members are offered better fee discounts according to their levels, which are defined either based on the last 30-day trading volume or asset balance.

Bybit offers two zero-fee campaigns for its users: one for EUR Spot trading and another for futures trading with Bybit Arbitrage. In addition, orders are categorized on the exchange as makers or takers to define the applicable fees.

• The fee for makers in futures trading is 0.02%.
• Takers fee in futures trading is 0.05%.
• In Spot trading, both makers and takers are charged 0.10%.

Bybit Mobile App

Bybit has a contemporary mobile app for its exchange that offers unlimited functionality and a user-friendly design. You can download the app from Apple Store and Google Play and access all features with just one click.

The Bybit mobile app saves you time by offering a quick and easy way to trade cryptocurrencies. You can perform KYC verification, get instant notifications, make deposits and withdrawals, start Copy Trading, and more on the Bybit mobile app.

How Safe Are Your Funds on Bybit?

Bybit has established itself as one of the safest crypto exchanges. Bybit protects your funds with the best security measures, such as Threshold Signature Schemes (TSS) and Trusted Execution Environment (TEE). It also has PCI-DSS Service Provider Level 1 Certification.

Bybit incorporates high end-to-end encryption to ensure only you can access or change your data. It also provides Proof of Reserve for funds, helping users maintain their trust in the platform’s safety.

Bybit Regulation

Operating as Bybit Fintech Limited, Bybit is registered in the British Virgin Islands, and its operational offices are in the Netherlands and Hong Kong. The company got its MVP license from the Virtual Assets Regulatory Authority (VARA).

Bybit is operational in over 195 countries and provides excellent customer support, available 24/7 in multiple languages. However, the exchange is not fully operated in some heavily regulated countries, including the U.S.A., Singapore, China, and the Canadian provinces of Ontario and Quebec. It is entirely restricted in some politically unstable markets, such as Cuba, North Korea, Iran, Syria, Donetsk, Crimea, and Luhansk.

To keep yourself updated with jurisdiction regulations, you can visit Bybit Platform Terms and Conditions.

Final Thoughts

Bybit is a top crypto exchange with millions of active users worldwide. The platform offers a user-friendly interface, advanced trading features, remarkable earning opportunities, and a lot more to enhance user experience. Bybit focuses on licensing and certification to ensure transparency in its operations. In addition, it has implemented strong security measures to keep your funds safe and secure. With a wide range of services, Bybit has become a suitable crypto exchange for all users. The exchange has reasonable fees across various platforms, and you can enjoy multiple bonuses and rewards. Such developments have put Bybit among the fastest-growing crypto exchanges around the globe, with new features and products being added with time.

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Frequently Asked Questions- FAQs