Table of Contents

Exchange review

CEX (Spot) Active

Bybit

Founded 2018 Based in UE

Best for

Best for users who want lighter onboarding, proof-of-reserves visibility, and 24/7 support coverage.

Summary

Bybit is a centralized exchange for spot trading, founded in 2018 and based in UE. It uses basic identity checks, does not list a fiat onramp, and discloses proof of reserves.

Quick snapshot

KYC: Basic
Fiat onramp: Not listed
Support: 24/7 via Chat, Email
Proof of reserves: Assets only
Base fees: Not listed

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 not listed. No deposit or withdrawal fee policy is disclosed.

KYC & fiat

Basic KYC is listed, no fiat onramp is listed, and support is listed as 24/7 via Chat, Email.

Transparency

Proof of reserves covers assets but not liabilities. No recent reserve report date is listed.

Pros

Proof of reserves is disclosed.
24/7 support is listed.
Support channels include Chat, Email.

Cons

Reserve reporting does not include confirmed liabilities proof.
No fiat onramp is listed.
Base maker and taker fees are not listed.

Full exchange details

Overview

Company profile

HQ country

Founded 2018

KYC level

Basic

Fiat support

Not listed

Access & funding

Support channels

Chat, Email

24/7 support listed.

Proof of Reserves

Assets only

Fee snapshot

Not listed

Editorial policy

Transparency

Proof of Reserves

Assets only

Reserve reporting covers assets but does not disclose liabilities.

Assets proof

Yes

Last report: Not listed
Liabilities proof: Not clarified

No named auditor or method disclosure is listed.

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 not listed.

No extra tier or policy detail is listed.

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.

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