Bybit review
FlixoCrypt rating
Key facts
| Type | CEX (Exchanges (CEX)) |
|---|---|
| Trading fees | Maker 0.10% spot (0.01%–0.06% derivatives) · Taker 0.10% spot |
| Withdrawal | Varies by asset |
| Free to use | Yes |
| KYC required | Yes |
| Regulated | No / limited |
| Supported assets | 300+ |
| Country availability | Global (many) |
| Restricted regions | United States, United Kingdom (retail restrictions) |
| Available in India | Yes |
| Affiliate commission | revenue_share · up to 30% revenue share (PLACEHOLDER — pending affiliate approval) |
| FlixoCrypt rating | 4 / 5 |
| Best for | Derivatives traders comfortable with an offshore exchange |
| Last verified | 2026-06-29 |
Overview
Bybit is a large global exchange best known for crypto derivatives, deep liquidity and low fees. In February 2025 it suffered the largest crypto theft on record (~$1.5B in Ethereum from a hot wallet) but covered customer funds and continued operating. It is unavailable in the US and lightly regulated relative to onshore peers. KYC is required for most features.
Availability
Bybit is available in: Global (many). Restricted or excluded: United States, United Kingdom (retail restrictions). Always confirm availability for your country on the official site, as regional support changes. India: Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.
Pros
- Strong derivatives platform and liquidity
- Low fees and frequent promotions
- Fast, capable trading engine
Cons
- Suffered the largest exchange hack on record (Feb 2025)
- Not available to US users
- Lighter regulation than US peers
Who it is for
- Best for: Derivatives traders comfortable with an offshore exchange.
- Avoid if: You require a fully regulated, onshore platform.
Verdict
A capable derivatives venue; factor in the 2025 hack and lighter regulation before committing funds.
Related
Bybit FAQ
What is Bybit? +
Bybit is a large global exchange best known for crypto derivatives, deep liquidity and low fees. In February 2025 it suffered the largest crypto theft on record (~$1.5B in Ethereum from a hot wallet) but covered customer funds and continued operating. It is unavailable in the US and lightly regulated relative to onshore peers. KYC is required for most features.
Is Bybit safe? +
Bybit is lightly regulated or non-custodial. February 2025: ~$1.5B Ethereum hot-wallet hack (largest crypto theft to date); Bybit covered customer funds and remained solvent. As with any platform, use strong security and only hold what you need on it.
Does Bybit require KYC? +
Yes — identity verification (KYC) is required for most features.
What are Bybit's fees? +
Bybit fees: maker 0.10% spot (0.01%–0.06% derivatives), taker 0.10% spot; withdrawals: Varies by asset. Always confirm current fees on the official site, as crypto fees change often.
Is Bybit available in India? +
Yes. Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.
What is Bybit best for? +
Derivatives traders comfortable with an offshore exchange.
When should you avoid Bybit? +
Avoid Bybit if: You require a fully regulated, onshore platform.
What are the main pros and cons of Bybit? +
Pros: Strong derivatives platform and liquidity; Low fees and frequent promotions; Fast, capable trading engine. Cons: Suffered the largest exchange hack on record (Feb 2025); Not available to US users; Lighter regulation than US peers.
Is Bybit regulated? +
No / limited. Limited; licensing in select jurisdictions
When was this Bybit review last verified? +
This review was last verified on 2026-06-29 against the official site.
Reviewed by Arjun Mehta
Crypto analyst; 8+ years covering exchanges, wallets and DeFi
Last verified:
Sources
- Bybit — official site — verified