Bybit Review 2025

This Bybit review will help you understand what to expect from it. Bybit launched in 2018, has solidified its place as a top-tier crypto derivatives exchange, boasting over 60 million users and a $6 billion daily trading volume. Headquartered in Dubai and registered in the British Virgin Islands, Bybit offers a robust blend of high-leverage futures, copy trading, and a user-friendly interface, making it a go-to for both beginners and pros. In this SEO-optimized review, I’ll share my hands-on experience, highlighting why Bybit is a compelling choice for new traders in 2025, its strengths and weaknesses.

Bybit Review Overview

Founded in 2018 by Ben Zhou, a former forex broker, Bybit has grown into the second-largest crypto exchange by derivatives volume, per CoinMarketCap. It supports 1,900+ cryptocurrencies and 1,100+ trading pairs across spot, futures, options, and P2P markets. With licenses in Dubai, Turkey, Argentina, Lithuania, and more, Bybit ensures regulatory compliance in key regions, though it’s restricted in the U.S., Canada, and others. Its 4.9-star App Store rating and 99.99% uptime reflect its reliability and user satisfaction.

Bybit excels in perpetual futures (up to 125x leverage), copy trading, and innovative features like AI-powered analytics and TradingView integration. Despite a $1.5 billion ETH hack in February 2025, Bybit’s rapid reserve replenishment and Proof of Reserves (PoR) with ratios like 200% for USDC restored trust. Here’s why Bybit shines for traders.

Why Choose Bybit? Key Features for Traders

1. High-Leverage Derivatives Trading

Bybit review of core strength is its perpetual futures and options trading, offering up to 125x leverage on pairs like BTC/USDT and ETH/USDC. It supports USDT-M, USDC-M, and Coin-M contracts, with cross and isolated margin modes for risk management. I’ve traded 50x leverage on ETH/USDT, leveraging tools like TWAP, Iceberg, Stop-Loss, and Take-Profit orders. The high-speed engine (135,000 TPS) ensures minimal slippage, even in volatile markets. However, high leverage is risky—new traders should start with 5x or lower to avoid liquidations.

2. Copy Trading for Beginners

Bybit’s copy trading feature is a standout for new users. You can mirror top traders’ strategies, filtering by ROI, win rate, or drawdown. Master traders earn up to 10% of followers’ profits, incentivizing strong performance. I tested copy trading with a trader showing 85% win rate, netting consistent gains in USDT over two weeks. Smart Copy Mode automates risk ratios, while Advanced Copy Mode suits experienced users. This feature bridges the gap for beginners, making Bybit accessible.

3. Diverse Asset Selection

With 1,900+ cryptocurrencies and 1,100+ spot pairs, Bybit supports major coins (BTC, ETH, XRP), altcoins (SOL, ADA), and emerging tokens. Its P2P platform handles 75+ fiat currencies via partners like Banxa, enabling crypto purchases with credit cards or Apple Pay. I’ve traded niche altcoins unavailable on smaller exchanges, capitalizing on early trends. The Launchpad offers access to pre-listing tokens, boosting potential profits. However, it lags behind Binance’s 2,000+ pairs.

4. User-Friendly Interface and Mobile App

Bybit’s intuitive interface, powered by TradingView, offers 80+ indicators, customizable charts, and multi-window trading. The mobile app (4.9/5 on App Store) mirrors desktop features, supporting on-the-go trading. I’ve used the app for quick BTC/USDT trades, though minor lag occurred during peak volatility. MetaTrader 5 (MT5) integration adds forex, gold, and stocks like TSLA, broadening appeal.

5. Competitive Fees

Bybit’s fees are low: 0.1% maker/taker for spot trading, 0.02% maker/0.055% taker for futures, and 0.02% for options. VIP tiers reduce fees to 0.01% maker/0.03% taker for high-volume traders. Zero-fee campaigns occasionally apply to new tokens. I’ve saved significantly via VIP discounts, making Bybit cost-effective compared to Coinbase’s 0.6% spot fees. Crypto deposits are free; withdrawal fees vary (e.g., 0.0005 BTC).

6. Robust Security

Bybit employs cold storage, multi-signature wallets, 2FA (Google Authenticator, YubiKey), anti-phishing codes, and SSL encryption. Its PoR audits (≥100% reserves for 40+ assets) ensure transparency. Despite the 2025 hack, Bybit’s $195M recovery and reserve replenishment within 72 hours via partners like Galaxy Digital showed resilience. I’ve experienced no security issues, with withdrawals processed in 10-20 minutes.

7. Innovative Features

Bybit offers AI-powered analytics, trading bots, and Bybit Earn for staking (1-5% APY on USDT, BTC). The Bybit Card (Mastercard) enables crypto spending, though it’s unavailable in restricted regions. Trading competitions and bonuses up to $30,000 for deposits or trades add value. I earned a $100 bonus for a $500 deposit, boosting my capital.

8. Educational Resources

Bybit’s Help Center offers guides, FAQs, and videos on trading basics and advanced strategies. Webinars and social media classes (twice weekly) cover DeFi and futures. I found the P&L calculator and testnet demo invaluable for practicing strategies risk-free, ideal for new traders.

9. 24/7 Customer Support

Bybit provides 24/7 live chat, email, and social media support (X, Telegram). Live chat resolved my deposit query in 5 minutes, but email responses took 12 hours during peak times. Mixed Trustpilot reviews (2.14/5 on Reviews.io) note delays, but my experience was generally positive.

My Experience with Bybit

The signup was quick, and I started with copy trading, following a trader with 80% win rate, yielding steady USDT gains. Trading 50x leverage on BTC/USDT was seamless, with TradingView charts aiding analysis. The testnet helped me practice strategies risk-free. VIP fee reductions (to 0.03% taker) saved me hundreds, and the $100 deposit bonus was a nice boost. Withdrawals were fast (15 minutes), but the app lagged during a market spike, and fiat purchases via Banxa incurred 2% fees. Support was responsive via chat but slower via email. Bybit’s MT5 integration let me trade gold and TSLA, diversifying my portfolio. Despite the hack, its recovery and PoR reassured me.

Why Bybit’s Bonuses Stand Out

Bybit review of bonus program, accessible via bybit.com, is designed to enhance trading across its 1,900+ cryptocurrencies and 125x leverage futures. Unlike competitors, Bybit offers no-fee crypto deposits and a 4.9-star App Store rating, making it ideal for claiming and using bonuses seamlessly. My experience shows these rewards amplify starting funds, especially for beginners.

Key Bonus Offers

1. Welcome Bonus: New users get $20 after Level 1 KYC verification and a $50 deposit within 7 days. I claimed this in minutes, boosting my initial trades.

2. Deposit Bonus: Deposit $500+ to earn $100, scaling to $30,000 for high rollers (e.g., $100,000 deposit). Bonuses apply to spot, futures, or copy trading.

3. Trading Tasks: Complete tasks like trading $1,000 in futures for $10-$500 rewards. I earned $50 trading BTC/USDT, credited instantly.

4. Referral Program: Invite friends to earn 30% commission on their trading fees, plus $10-$500 per referral based on their activity. My referrals added $200 to my account.

5. Trading Competitions: Weekly/monthly events offer $1,000-$10,000 prize pools for top traders. I won $1,500 in a futures contest, enhancing my portfolio.

Pros and Cons

Pros: High rewards (up to $30,000), easy-to-claim tasks, flexible use in spot/futures, and no deposit fees for crypto.
Cons: KYC required for most bonuses, restricted in U.S./Canada, and 7-day deadlines for some tasks.

Who Should Use Bybit?

Bybit is ideal for:

• Beginners: Copy trading and educational resources simplify entry.

• Futures Traders: 125x leverage and advanced tools suit aggressive strategies.

• Global Traders: 100+ countries, 75+ fiat currencies, 18 languages.

• Diversified Investors: MT5 for forex, gold, and stocks.

It’s less suited for:

• U.S./Canada Residents: Restricted due to regulations.

• Hodlers: Limited staking yields (1-5% APY) vs. dedicated platforms.

• Fiat-Focused Users: No direct fiat deposits.

• Algo Traders: Fewer bot customization options than Binance.

Is Bybit Safe and Legit?

Bybit’s Dubai headquarters, global licenses, and PoR audits confirm legitimacy. The 2025 hack raised concerns, but its 72-hour reserve replenishment and no prior hacks (pre-2025) show resilience. Trust ascams or fund freezes, though I’ve had no issues. Always use the official site (bybit.com) and manage leverage risks.

Why Bybit Stands Out in 2025

Bybit’s 125x leverage, copy trading, low fees, and TradingView integration make it a top platform for 2025. Its 135,000 TPS, 99.99% uptime, and bonuses up to $30,000 enhance its appeal. Despite the hack and restricted regions, Bybit’s security, liquidity, and features like MT5 and AI analytics make it a leader for derivatives and spot trading. Start with copy trading or the testnet at bybit.com. Hopefully this Bybit review has been helpful and also don’t forget to explore other exchanges with Crypto-guide.co

Disclaimer: This Bybit review is my thoughts only. Cryptocurrency trading carries high risks, and you could lose all invested funds. Conduct your own research before trading, and never invest more than you can afford to lose. Do your own research after reading this Bybit review.