Bybit logo
8.6
8.6 of 10 rating
OVERALL
Features
85
Banking
75
Availability
80
Customer Service
80
On site
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BONUS OFFER
Ranked 5 of 16
MOBILE AND APP
Ranked 5 of 16
COUNTRY COVERAGE
Ranked 5 of 16
BANK AND LIMITS
Ranked 5 of 16
FEATURES
Ranked 5 of 16
CUSTOMER CARE
Ranked 5 of 16
PROS
  • Futures and perpetual contracts trading available
  • Order book for market depth assessment and trading volumes analysis
  • Minimum entry threshold in place
CONS
  • Complex futures trading conditions for beginners
  • Lack of a protective mechanism in case of disputes
  • Underdeveloped classic cryptocurrency trading mechanism
CUSTOMER SERVICE
  • 24/7 Live Chat Support
  • Email Support
  • Hotline Support

Bybit review: Top cryptocurrency exchange

Bybit has solidified its position as a top cryptocurrency exchange, known for its user-friendly interface and robust trading features. Explore the latest Bybit review for insights into its exceptional offerings, making it a preferred choice for traders seeking efficiency and innovation in the dynamic world of cryptocurrency exchanges.

Bybit: PROS AND CONS

REPUTATION & HISTORY​

Established in 2018, Bybit stands as a cryptocurrency futures exchange headquartered in Dubai. Bybit has evolved into a prominent and highly regarded crypto exchange in 2023, boasting a user base exceeding 10 million individuals engaged in trading activities worldwide.

SECURITY & SAFETY

Bybit prioritizes security through robust measures such as Two-Factor Authentication (2FA), cold storage of assets, and the use of Multi-Signature (Multi-Sig) wallets. Additionally, the platform employs an insurance fund, further enhancing user protection against unforeseen events in the cryptocurrency trading landscape.

DEPOSIT OPTIONS

Bybit offers users diverse deposit options, including bank transfers, credit/debit card payments, cryptocurrency transfers, and the utilization of third-party fiat on and off-ramps. This variety enables users to choose the most convenient method for funding their accounts on the platform.

CURRENCY OPTIONS

Bybit offers extensive currency options, allowing users to deposit in 16 fiat currencies and withdraw in 11, including USD, EUR, GBP, and others. The platform also lists a broad selection of spot cryptocurrencies, totaling over 100 options for users to trade and engage with.

BANKING

WITHDRAWAL SPEEDS

Bybit aims for efficient withdrawal speeds, facilitating prompt processing of cryptocurrency withdrawals. The actual withdrawal times may vary based on factors such as network congestion and blockchain confirmation requirements.

ADDITIONAL FEATURES

Bybit offers additional features like a user-friendly trading interface, advanced order types, and comprehensive trading analytics tools, enhancing the overall trading experience. The platform's focus on innovation and user convenience includes features such as a demo trading platform for users to practice strategies and improve their skills.

BONUS AND REWARDS

Bybit provides bonus and reward programs to users, offering incentives such as trading contests, referral bonuses, and periodic promotions. These initiatives contribute to a more engaging and rewarding trading experience for Bybit users.

SUMMARY

Bybit stands out as a leading cryptocurrency futures exchange, known for its 24/7 customer support, diverse deposit options, and extensive currency and spot cryptocurrency offerings. With a focus on security, innovation, and user-friendly features, Bybit provides a compelling platform for both novice and experienced traders.