ByBit (Crypto Derivatives) Review

Founded in 2018, ByBit is a peer-to-peer cryptocurrency derivatives exchange with over 1.2 million registered users. It offers perpetual contracts similar to BitMEX, featuring a crypto-asset index that includes BTC/USD, BTC/USDT, ETH/USD, XRP/USD, and EOS/USD.

BYBIT REVIEW AT A GLANCE

■ TYPE: P2P CRYPTO DERIVATIVES TRADING

■ WALLET: YES {COLD STORAGE SYSTEM}

■ HEADQUARTERS: BRITISH VIRGINIA ISLANDS & SINGAPORE

■ ONLINE SINCE: 2018

■ CUSTOMER SERVICE: 24/7 via EMAIL | LIVE CHAT

■ LANGUAGES: ENGLISH, RUSSIAN, CHINESE, KOREAN, and JAPANESE

 

► Visit the ByBit Exchange

INTRODUCTION TO THE BYBIT DERIVATIVES EXCHANGE

Bybit Fintech Limited is registered as a money services business with FINTRAC (registration number M20624645). The company offers perpetual contracts on crypto-assets, allowing traders to use leverage of up to 100:1. ByBit positions itself as a direct competitor to BitMEX.

■ SUPPORTED COUNTRIES: MANY COUNTRIES, BUT NOR UNITED STATES NEITHER CANADA (QUEBEC)

 

BYBIT FUNDING METHODS AND FEES

ByBit does not accept funding an account via FIAT currencies, they only accept deposits via Bitcoin, Ethereum, Ripple, and EOS to start trading.

□ FUNDING METHODS:

• only Bitcoin, Ethereum, Ripple, and EOS
• no FIAT
• 0.0005 Withdrawal Fee

 

 

BYBIT TRADING FEES

Each time an order is executed on Bybit, a trading fee is applied. This fee is deducted directly from your account balance and does not impact the initial margin of the order.

Fee Structure: Makers vs. Takers

• Market Makers

  Makers are traders who provide liquidity to the order book (e.g., placing limit orders that don’t execute immediately).

  → Receive a rebate (negative trading fee) as an incentive for increasing market depth.

• Takers

  Takers are traders who remove liquidity by executing orders immediately against the existing order book (e.g., market orders).

  → Pay a trading fee (positive fee) for taking liquidity.

+0.075% Taker Fee

-0.025% Maker Fee

Perpetual (Inverse) Contract Fees, Rebates, and Highest Trading Leverage

Perpetual Contracts (Inverse)	Maker Rebate	Taker Fee	Trading Leverage
BTC/USD	-0.025%	0.075%	100x
ETH/USD	-0.025%	0.075%	50x
XRP/USD	-0.025%	0.075%	50x
EOS/USD	-0.025%	0.075%	50x

 

Bybit Margin Systems

• Isolated Margin mode

The maximum amount a trader would lose from liquidation is limited to the position margin placed for that open position.

• Cross Margin mode

The cross margin mode uses all of a trader’s available balance within the corresponding trading pair coin type to prevent liquidation.

 

BYBIT CRYPTO ASSET INDEX

□ BITCOIN (BTC) against USD and USDT

□ ETHEREUM (ETH) against USD

□ RIPPLE (XPR) against USD

□ EOS (EOS) against USD

 

BYBIT PLATFORM AND TECHNOLOGY

ByBit argues that it can handle 100,000 TPS (transactions per second). These are some key features:

Key Features

• Smart Trading

Set up take profit/stop loss and adjust your trading orders with just a click.

• Cold Wallet

HD cold wallet system improves the security of the trader's funds.

• 100K TPS Matching Engine

Avoiding trading-order overloads.

• Dual Price Mechanism

Bybit uses a dual price mechanism as the contract reference price. This is happening in order to prevent price manipulation.

• Auto Margin Replenishment

You can choose whenever your margin is close to being depleted, to automatically draw on your funds to keep your position open.

• Powerful API - Market Data Pushed Every 20ms

Conduct high-frequency trading with ByBit API.

► Visit ByBit Crypto Exchange

Trading Bonuses

These are the available ByBit bonuses at the time of the review:

• Deposit a minimum of 0.5 BTC and receive $50
• Deposit a total of 1 BTC and receive $20
• Use a Take Profit and a Stop Loss and get $5
• Fill out a survey and receive $5
• Trade 10 days in a row and get $5
• Follow their Twitter channel and receive $5

 

POSITIVES OF BYBIT REVIEW

(√) Large exchange with over 1.2 million registered users

(√) Multi-featured platform

(√) There is no KYC required to start trading on Bybit

(√) Their engine can handle 100,000 TPS (transactions per second)

(√) Available bonuses

(√) Invested in security (Cold storage, etc.)

(√) 24/7 responsive customer support (live chat with email support)

 

NEGATIVES OF BYBIT REVIEW

(x) A limited number of cryptocurrency pairs

(x) Perpetual contracts are very risky for non-experienced traders

(x) Headquarters in BVI, not many years in the market

(x) Bybit does not accept funding your account via a fiat currency

 

 

BYBIT REVIEW CONCLUSIONS

ByBit is a leading peer-to-peer crypto derivatives exchange, headquartered in the British Virgin Islands with an operational office in Singapore. Established in 2018, the platform is known for offering perpetual futures contracts with leverage up to 100:1 on major crypto assets including BTC, ETH, XRP, and EOS.

Key Features:

• Trading Model: Closely mirrors the BitMEX perpetual contract structure.

• Performance: Advanced trading engine capable of processing 100 transactions per second, designed to minimize execution delays and prevent price manipulation.

• User Interface: Intuitive and multi-functional, suitable for active traders.

• Funding: Only supports crypto deposits—BTC, ETH, XRP, and EOS. No fiat deposits are accepted.

• Leverage:

  • Up to 100:1 for BTC

  • Up to 50:1 for ETH, XRP, and EOS

• Bonuses: Promotions available (e.g., deposit ≥ 0.5 BTC to receive a $50 bonus).

• Fees: Competitive and in line with industry standards.

Who Is It For?

ByBit is not recommended for beginner traders. Due to the complex nature of derivatives and high leverage, the platform is best suited for professional and highly-experienced traders—particularly those seeking to hedge positions or capitalize on short-term market movements.

 

■ ByBit Review

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