Table of Contents

Exchange review

CEX (Spot) Active

Bybit

Founded 2018 Based in UE

Best for

Best for users who want fiat funding, lighter onboarding, and proof-of-reserves visibility.

Summary

Bybit is a centralized exchange for spot trading, founded in 2018 and based in UE. It uses basic identity checks, supports fiat onramps, and discloses proof of reserves.

Quick snapshot

KYC: Basic
Fiat onramp: Available
Support: 24/7 via Chat, Email
Proof of reserves: Assets + liabilities
Base fees: 10.00 / 10.00 bps

Brokerate score

88 / 100

The score reflects the published trust, fees, transparency, and support signals we could verify on this profile.

Founded: 2018
HQ: UE

Check official site

Use the official site to confirm live fees, regional access, and reserve reporting before funding an account.

Quick evaluation

A fast read on the main decision areas before the detailed profile sections.

Security

7 security controls are listed, including Two-factor authentication and Hardware 2FA.

Fees

Base maker and taker fees are listed at 10.00 / 10.00 bps. Deposit and withdrawal fee policies are disclosed.

KYC & fiat

Basic KYC is listed, fiat onramp is available, and support is listed as 24/7 via Chat, Email.

Transparency

Proof of reserves covers assets and liabilities. Last reserve report: Jun 26, 2026.

Pros

Reserve reporting covers assets and liabilities.
Fiat onramp is available.
24/7 support is listed.

Cons

No specific limitations are disclosed in the public profile.

Full exchange details

Overview

Company profile

HQ country

Founded 2018

KYC level

Basic

Fiat support

Available

Access & funding

Support channels

Chat, Email

24/7 support listed.

Proof of Reserves

Assets + liabilities

Last report Jun 26, 2026

Fee snapshot

10.00 / 10.00 bps

Deposit and withdrawal policy disclosed.

Editorial policy

Transparency

Proof of Reserves

Assets + liabilities

Reserve reporting covers assets and liabilities.

Assets proof

Yes

Last report: Jun 26, 2026
Liabilities proof: Yes

Method: Merkle tree

Security & trust

Account protection signals disclosed in the profile and the latest trust context we could verify.

Status: Active
Confidence: 88/100

High-impact protections

4 of 4 higher-impact protections are listed, including Two-factor authentication and Hardware 2FA.

Listed

4/4

Two-factor authentication

Listed in the profile

Yes

Hardware 2FA

Listed in the profile

Yes

Withdrawal whitelist

Listed in the profile

Yes

Anti-phishing code

Listed in the profile

Yes

Additional checks

Session management: Yes
Bug bounty: Yes
Public pentest: No
Insurance disclosed: Yes

Fees & policies

Trading fee disclosure, tier schedules, and any related policy notes in the profile.

Base maker and taker fees are listed at 10.00 / 10.00 bps.

3 fee policy notes are listed.

Maker fee: 10.00 bps
Taker fee: 10.00 bps

Fee policy details

Deposit fees policy

Crypto deposits and internal transfers do not incur a Bybit deposit fee. Fiat deposit and crypto purchase fees may vary by currency, payment method, provider, and region.

Withdrawal fees policy

On-chain crypto withdrawal fees vary by coin and blockchain network and are shown before withdrawal. Internal Bybit transfers are generally free. Fiat withdrawal fees vary by currency, payment method, and region.

Fee notes

Spot trading fees for non-VIP users are generally 0.10% maker / 0.10% taker. Actual fees may vary by jurisdiction, product, market, promotion, and VIP level.

Incidents

Publicly documented incident history in our current dataset.

No publicly documented incidents found in our current dataset.

Absence of incidents in this dataset is not a guarantee of safety or uninterrupted operations.

Product context

Listed product coverage and short editorial background for deeper comparison.

Coverage

Spot trading Margin Futures Perpetuals Options Staking & Earn P2P OTC Copy trading API (REST) API (WebSocket)

Background

Bybit is generally described by users as a fast, reliable, and trader-oriented platform, particularly strong in derivatives trading. Many traders appreciate its smooth interface, high liquidity, and quick order execution, especially during volatile market conditions. It’s often s...

Read full background

At the same time, users frequently note that Bybit is not ideal for beginners, as leverage trading carries significant risk and requires proper risk management. There are also mentions of strict KYC procedures and regional restrictions, which can limit access to certain features. Overall, it is viewed as a powerful platform best suited for experienced and active traders.

European users are served through Bybit EU GmbH, based in Vienna, Austria and authorized under MiCAR, with product availability that differs from the global platform.

On February 21, 2025, Bybit experienced a major security breach involving one of its Ethereum cold wallets. The incident resulted in the loss of approximately $1.46 billion in Ethereum-related assets. Despite the breach, Bybit continued operating and later stated that customer assets were again fully backed on a 1:1 basis.

Bybit maintains derivatives insurance funds; these should not be interpreted as general insurance for customer deposits.

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