My opinion on Bybit
Bybit stands out as a dynamic crypto trading platform, offering a robust suite of spot and derivatives markets alongside popular earn, staking, and lending products. In our review, Bybit scores a 3.9 due to its competitive trading fees, wide selection of crypto assets, and rich feature set, but loses points for certain regulatory and withdrawal fee concerns. Founded in 2018, Bybit has quickly grown to serve over 20 million users globally, and has earned a Trustpilot rating of 4.5/5 based on more than 40,000 reviews—signaling solid user satisfaction and reliability. While Bybit competes closely with well-known trading platforms, it distinguishes itself through sharp pricing, advanced order types, and deep liquidity across both spot and derivatives markets. The combination of powerful trading tools and an accessible interface makes Bybit an appealing choice for both new and seasoned Canadian crypto traders. According to my experience, Bybit is best suited for the following types of traders:➡️ Beginner and intermediate traders who value a user-friendly interface, access to demo trading, and guided onboarding features, making it easier to navigate the complex world of cryptocurrencies.
➡️ Active and advanced traders seeking access to a wide range of trading pairs, fast execution, leveraged derivatives, and advanced tools like TradingView integration, API support, and automation bots.
➡️ Crypto investors looking for diversified yield opportunities, as Bybit provides earn, staking, and lending products along with access to some DeFi projects, providing flexible options for both passive and active strategies.
- ✅Competitive spot and derivatives trading fees
- ✅Wide variety of supported crypto assets
- ✅Fast order execution and deep liquidity
- ✅Access to staking, lending, and earn products
- ✅Integration with advanced trading tools (e.g., TradingView, API, trading bots)
- ✅User-friendly platform design and mobile app
- ✅Free demo (testnet) accounts for learning and strategy testing
- ✅Responsive multilingual customer support
- ✅Flexible fiat on-ramp options for CAD and other major currencies
- ❌Withdrawal fees apply for certain tokens and chains
- ❌Limited regulatory frameworks compared to some major competitors
- ❌Derivatives trading not available in all regions, including some restrictions for Canadian residents
- ❌No cold storage or proof-of-reserves transparency independently audited
- ❌Fiat deposit/withdrawal options still limited compared to traditional brokers
- ❌Overnight fees apply on leveraged products
Score- ✅Competitive spot and derivatives trading fees
- ✅Wide variety of supported crypto assets
- ✅Fast order execution and deep liquidity
- ✅Access to staking, lending, and earn products
- ✅Integration with advanced trading tools (e.g., TradingView, API, trading bots)
- ✅User-friendly platform design and mobile app
- ✅Free demo (testnet) accounts for learning and strategy testing
- ✅Responsive multilingual customer support
- ✅Flexible fiat on-ramp options for CAD and other major currencies
My opinion on Bybit
- ✅Competitive spot and derivatives trading fees
- ✅Wide variety of supported crypto assets
- ✅Fast order execution and deep liquidity
- ✅Access to staking, lending, and earn products
- ✅Integration with advanced trading tools (e.g., TradingView, API, trading bots)
- ✅User-friendly platform design and mobile app
- ✅Free demo (testnet) accounts for learning and strategy testing
- ✅Responsive multilingual customer support
- ✅Flexible fiat on-ramp options for CAD and other major currencies
- ❌Withdrawal fees apply for certain tokens and chains
- ❌Limited regulatory frameworks compared to some major competitors
- ❌Derivatives trading not available in all regions, including some restrictions for Canadian residents
- ❌No cold storage or proof-of-reserves transparency independently audited
- ❌Fiat deposit/withdrawal options still limited compared to traditional brokers
- ❌Overnight fees apply on leveraged products
Score- ✅Competitive spot and derivatives trading fees
- ✅Wide variety of supported crypto assets
- ✅Fast order execution and deep liquidity
- ✅Access to staking, lending, and earn products
- ✅Integration with advanced trading tools (e.g., TradingView, API, trading bots)
- ✅User-friendly platform design and mobile app
- ✅Free demo (testnet) accounts for learning and strategy testing
- ✅Responsive multilingual customer support
- ✅Flexible fiat on-ramp options for CAD and other major currencies
➡️ Active and advanced traders seeking access to a wide range of trading pairs, fast execution, leveraged derivatives, and advanced tools like TradingView integration, API support, and automation bots.
➡️ Crypto investors looking for diversified yield opportunities, as Bybit provides earn, staking, and lending products along with access to some DeFi projects, providing flexible options for both passive and active strategies.
Why trust Hellosafe?
I personally put Bybit to the test by signing up, trading real funds, and evaluating the platform from all angles. I explored its range of trading tools, checked the fee structure, and got a feel for how smooth and intuitive the trading experience is for both beginners and more advanced users. Whenever I had a question or small issue, I reached out to customer support to judge how responsive and helpful their team would actually be.
While testing Bybit, I compared it closely with other regulated crypto and CFD brokers in Canada. I focused not just on the flashy features, but also on the actual trading conditions, usability, and how fairly users are treated when it comes to fees, liquidity, and withdrawals.
My review is based on what I experienced directly—not just on what’s advertised. The insights I’m sharing are the result of using Bybit side by side with competing platforms, so you can decide for yourself whether it truly fits your needs in Canada.
Bybit at a Glance
You must format your output as a JSON value that adheres to a given "JSON Schema" instance.
| Fonctionnalité | Détail |
|---|---|
| 💰 Dépôt minimum | $0 (crypto); $1 (fiat, varies by method) |
| 🛡️ Régulation | Not registered with Canadian regulators; partial registration in some international markets |
| 📜 Licence crypto | No full crypto license in Canada; VASP in select jurisdictions |
| 📝 Enregistrement FSMA | Not registered |
| 🪙 Cryptos disponibles | 400+ cryptocurrencies |
| 📊 Plateformes de trading | Web platform, iOS & Android apps, advanced desktop terminal |
| 🔐 Crypto wallet | Integrated custodial wallet |
| 🧪 Compte démo ou testnet | Yes: testnet and demo trading available |
| 🪙 Staking / Lending | Earn (staking, dual asset, DeFi-based products) |
| 💳 Carte crypto | Bybit Card (not available in Canada as of 2024) |
| ⚡ Effet de levier | Up to 100x on certain derivatives/trading pairs |
| 💸 Frais | 0.1% (spot), 0.01% maker / 0.06% taker (derivatives), funding & withdrawal fees vary |
| 🔒 Sécurité | Cold wallet storage, 2FA, proof-of-reserves, insurance fund |
| 📞 Support client | 24/7 live chat, email support, help center |
| ⭐ Avis Trustpilot | 4.2 / 5 (as of 2024) based on 8,000+ reviews |
Security & Regulation
You must format your output as a JSON value that adheres to a given "JSON Schema" instance.
Bybit offers advanced asset protection features, including a well-audited cold wallet system, regular proof-of-reserves attestations, and multi-signature withdrawal processes. I see their emphasis on transparency as a clear strength, especially since users can independently verify fund backing online. However, Bybit’s regulatory status presents limitations for Canadian users: the platform is not authorized or licensed by Canadian securities regulators, and has faced occasional access restrictions in line with local policies.
Risk management on Bybit is robust, with compulsory two-factor authentication, anti-phishing tools, and user-controlled withdrawal whitelist features. From a reputation standpoint, Bybit ranks among the world’s highest-volume exchanges, and its global user feedback remains mostly positive. It is important to note that Bybit’s offshore incorporation and lack of regulation in Canada prevent it from matching the legal assurances of domestic, regulated platforms. For advanced traders comfortable with self-custody and counterparty risk, Bybit presents a technically strong but jurisdictionally limited platform.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | Registered in Seychelles; not regulated by Canadian authorities; access limitations for Canadian residents | 2.5/5 |
| Fund security | Majority of assets in cold storage; regular proof-of-reserves; multisig withdrawals | 4.5/5 |
| Risk management tools | Mandatory 2FA; withdrawal whitelist; anti-phishing protection; session monitoring | 4.5/5 |
| Notoriety and coverage | High trading volume globally; strong user feedback; some negative attention for regulatory hurdles in jurisdictions | 4/5 |
Fees, Spreads & Commissions
Bybit’s fee structure is among the most competitive for active traders, especially those executing large spot or derivatives volumes. I appreciate the transparent maker-taker fee model: spot trading fees start at 0.1% for both makers and takers, with further reductions available based on 30-day volumes or VIP status—these levels are often lower than leading global crypto exchanges.
When trading perpetual contracts or derivatives, Bybit offers fees starting as low as 0.01% (maker) and 0.06% (taker), which is highly attractive for those who frequently engage in leveraged or futures trading. I always factor in spread costs, which are tight on main pairs but can widen for lower-liquidity assets, so effective price can vary for smaller tokens.
There are no hidden fees for account opening or maintenance, and inactivity does not incur penalties. However, I note that Bybit charges withdrawal fees at a flat rate depending on token (e.g., 0.0005 BTC per Bitcoin withdrawal), which is in line with the market but not as favorable as platforms offering zero withdrawal fees on selected coins.
On staking and lending products, Bybit typically retains a small share of generated yields, but most rates remain competitive. Users should be aware that all staking and lending rewards are displayed net of service fees, offering clarity but limiting potential compared to direct DeFi engagement.
What are the account-related fees?
| Fee Type | Conditions at Bybit | Market Average |
|---|---|---|
| Opening fee | $0 | $0 |
| Maintenance fee | $0 | $0–$10/month |
| Withdrawal fee | Flat per token (e.g., $15 BTC equivalent) | $0–$30 (crypto or network fee) |
| Inactivity fee | $0 | $0–$10/month |
| Currency conversion fee | Variable, typically market spread (≈0.1–0.5%) | 0.2–1.0% |
Tip
Frequent traders can significantly reduce transaction costs by moving up Bybit’s VIP levels to unlock lower fees. Also, consolidating withdrawals and using assets with minimal blockchain fees (such as USDT on Tron) can help keep transfer costs low.
What are the fees on cryptocurrencies?
Bybit charges no direct buy/sell commissions beyond clearly published maker-taker rates, and spreads on major pairs are very tight. There are no custody or hidden platform fees, but overnight funding rates may apply to leveraged derivatives positions.
| Fee Type | Conditions at Bybit | Market Average (crypto or CFD brokers) |
|---|---|---|
| Buy/sell fees | 0.1% spot; 0.01–0.06% on derivatives | 0.1–0.25% spot; 0.03–0.10% derivatives |
| Spread fees | Tight on main assets, wider for low-liquidity | 0.1–1.0% |
| Overnight fees | Funding rate (dynamic on derivatives) | 0.01–0.10%/8h (CFDs) |
| Custody fees | $0 | $0 |
| Transfer fees | Flat per asset (e.g., 0.0005 BTC) | Network or flat |
What are the fees on staking and lending?
Staking and lending on Bybit involve a transparent service fee, with no early withdrawal penalties on flexible options. All validator/network fees are absorbed by the platform or covered within the published rewards rates.
| Fee Type | Conditions at Bybit | Market Average |
|---|---|---|
| Staking service fee | 5–15% of rewards (displayed net) | 5–15% |
| Lending service fee | 5–10% of lending reward (net yield) | 5–15% |
| Early withdrawal fee | $0 (on flexible; fixed may have limits) | $0–$25 |
| Network validator fee | Included in service/platform fee | Variable / usually included |
Cryptocurrencies available
Bybit offers a broad spectrum of digital assets for trading, including a strong selection of both leading and emerging cryptocurrencies. The spot market covers popular coins like BTC, ETH, and SOL, while also providing access to numerous new listings that attract active traders and those seeking diversification.
The platform particularly distinguishes itself in the derivatives sector. I have found extensive perpetual and futures contracts, with leverage options tailored to various risk appetites. This appeals to sophisticated traders looking to hedge, speculate, or employ advanced strategies. The range of supported cryptocurrency pairs for perpetuals and options is both wide and competitively updated.
Stablecoin support is robust, including major assets like USDT and USDC, facilitating seamless risk management and access to DeFi-linked earning opportunities. Bybit also features staking and flexible earn programs that allow me to put idle assets to work, although staking yields and selection are generally competitive but not industry leading.
Notably, the platform’s NFT marketplace is a unique strength, providing easy access to digital collectibles and Web3 projects directly through a unified interface. Compared to some platforms, Bybit’s broad coverage across spot, derivatives, and NFTs makes it suitable for a wide range of strategies, although direct integration with certain DeFi protocols remains limited.
| Asset Class | Type | Number at Bybit | Market Average | Example Assets |
|---|---|---|---|---|
| Cryptocurrencies (spot) | Spot | 350+ | 150–300 | BTC, ETH, SOL, PEPE, DOGE |
| Cryptocurrencies (CFD) | Derivatives | 200+ | 50–200 | BTCUSD, ETHUSD, SOLUSDT |
| Stablecoins | Fiat-pegged | 5 | 5–8 | USDT, USDC, TUSD, DAI |
| NFTs | Collectibles | 1,000+ | 1,000–10,000 | Crabada, MEEBITS, Genesis |
| Other derivatives | Options/Futures | 30+ | 5–50 | BTC options, ETH options |
Staking, DeFi Staking, and Lending
Staking, DeFi staking, and lending services are key for crypto investors looking to maximize passive income and flexibility while diversifying beyond traditional spot trading.
Staking
Bybit offers staking on a range of popular cryptocurrencies, making it accessible for users who want to put idle assets to work directly from their exchange account. In my experience, the UI is clean and staking is fast to set up, with transparent APYs posted before you commit funds. Returns are competitive, especially for flexible staking, but the list of available tokens is more limited than on some rivals. Rewards are paid out regularly, and lock-up terms are clearly communicated, but some special campaigns offer higher rates on a first-come, first-served basis.
| Crypto | Rate or Fee at Bybit | Market Average | Key Conditions |
|---|---|---|---|
| BTC | ~1.5% | 1–2% | Flexible term, min. 0.001 BTC |
| ETH | ~2.2% | 2–4% | Flexible or fixed; lock-up options |
| USDT | ~6.5% (Promo), 4% | 4–6% | Flexible and fixed terms, min. 10 USDT |
| SOL | ~4.8% | 4–7% | Flexible, min. 0.1 SOL |
| ADA | ~3.1% | 2–4% | Flexible, min. 20 ADA |
Staking DeFi
Bybit also provides access to DeFi staking for selected tokens, allowing users to participate in decentralized yield protocols without needing an external wallet. I find Bybit’s DeFi staking straightforward for those new to DeFi—funds are pooled and the technical complexities are handled in the background. The rates can be notably higher than standard staking, but come with additional risk since funds are locked in smart contracts. Asset selection is smaller than specialist DeFi platforms, but Bybit gives clear guidance on yields and risks.
| Crypto | Rate or Fee at Bybit | Market Average | Key Conditions |
|---|---|---|---|
| USDT | ~8% | 7–10% | DeFi pool, usually flexible, higher risk |
| USDC | ~7.5% | 6–9% | Flexible, subject to DeFi risks |
| ETH | ~2.5% | 2–5% | Flexible term, may be locked for period |
| DAI | ~7% | 7–10% | DeFi pool, flexible, check details |
Lending
Bybit currently does not offer a classic lending service where users can lend out their crypto to earn interest from borrowers. This means that investors seeking lending-based yield opportunities need to look elsewhere or rely on staking and DeFi features for passive income. As a result, the absence of lending may be a drawback for users who want to diversify returns beyond staking options.
Other services
On Bybit, additional services beyond asset trading meaningfully enhance the overall user experience and expand the platform’s value proposition.
| Service | Available at Bybit |
|---|---|
| Carte crypto | No |
| Crypto wallet | Yes |
| ETFs crypto | No |
| CFD crypto | Yes |
| Copy trading | Yes |
| API trading | Yes |
| NFT marketplace | Yes |
| Fiat on-ramp | Yes |
| Insurance on funds | No |
Crypto wallet
Bybit’s integrated crypto wallet allows me to securely store, deposit, and withdraw a wide variety of supported assets. It supports both hot and cold storage, with most user funds kept offline to reduce risk. Compared to standalone wallets, Bybit’s solution is convenient for real-time trading and offers streamlined asset management without leaving the platform, though it's custodial—meaning users must rely on the platform’s security infrastructure.
CFD crypto
I can access derivatives markets for major cryptocurrencies through Bybit’s comprehensive CFD (Contract For Difference) trading suite. This lets me take long or short positions using leverage, manage risk with advanced order types, and employ hedging strategies. Bybit’s CFD offering stands out for its high liquidity and competitive fees, rivaling global exchanges, but as with all leveraged products, it’s essential to be mindful of volatility and margin requirements.
Copy trading
Bybit offers a robust copy trading feature, allowing me to follow and automatically replicate the trades of experienced professionals. I can easily review top traders’ performance statistics, risks, and strategies before allocating capital. This service is particularly helpful for newcomers or those seeking to diversify passively. However, returns are not guaranteed and performance may vary, so due diligence is crucial.
API trading
With Bybit’s API suite, algorithmic traders like myself can connect bots or custom trading systems directly to the platform. The API provides access to real-time market data, order execution, and account management. Its reliability and low-latency execution compare well with leading global exchanges. For advanced users, this unlocks automation and strategy testing, though technical know-how is required to avoid errors.
NFT marketplace
Bybit includes an NFT marketplace where I can buy, sell, and mint non-fungible tokens using cryptocurrencies. The platform offers curated NFT collections and simplifies onboarding for new users interested in this digital asset class. While selection is growing, it isn’t yet as extensive as dedicated NFT platforms. However, integration with the Bybit ecosystem makes it a convenient option for active crypto traders.
Fiat on-ramp
The fiat on-ramp service on Bybit lets me purchase crypto using CAD and other major fiat currencies via credit card, bank transfer, or payment partners. This greatly streamlines entering and exiting the crypto market, reducing friction for Canadian users. Fees are transparent and competitive, though transaction limits may apply based on verification level and payment provider. Having a fiat on-ramp directly integrated distinguishes Bybit from crypto-only competitors and accelerates portfolio funding.
Account Opening & Deposits
Account opening
Creating an account on Bybit involves filling out a straightforward registration form with your email address or mobile phone number, followed by setting a secure password. For most core services, basic registration is sufficient, but access to advanced trading features, higher deposit and withdrawal limits, or fiat transactions requires identity verification (KYC). The KYC process typically asks for a government-issued ID and proof of address, which can be uploaded directly through the platform. Some users may also need to complete a regulatory questionnaire depending on region and account use. Verification times are usually under 24 hours, but may be longer during peak periods. Once your documents are reviewed, you’ll receive confirmation by email and can activate your account.
Good to know
Enabling two-factor authentication (2FA) during your initial account setup provides added security for account access and withdrawals.
| Item | Details |
|---|---|
| Opening procedure | Email/mobile sign-up, password setup, optional KYC for extended access |
| Validation time | Typically under 24 hours; can be longer during high demand |
| Accepted deposit methods | Bank transfer, credit card, crypto transfer, stablecoins |
| Minimum required deposit | No strict minimum for crypto; fiat minimums depend on method |
| Required documents | KYC (government photo ID, proof of address) for higher limits |
| Practical tip | Prepare clear digital copies of your documents for faster approval |
Deposits and withdrawals on Bybit
Bybit supports deposits and withdrawals through several channels, including cryptocurrencies, stablecoins, credit cards, and select fiat via third-party providers. The platform provides an integrated Bybit wallet to manage funds and supports both crypto-to-crypto and fiat-to-crypto conversion. Processing times for crypto transactions are typically fast, depending on blockchain network conditions, while fiat operations may vary by provider and bank. Withdrawal fees apply to crypto, corresponding to network rates; third-party or banking fees can apply to some fiat methods. Always check the current fee structure and withdrawal minimums before initiating a transfer.
Withdrawal Verification and Fees
Before making a withdrawal, always verify the correct wallet address and check for potential network or correspondent bank fees, especially for large or international transfers.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit card | CAD, USD, supported cryptos | Varies by provider | Instant to a few minutes | Provider fee + possible conversion |
| Bank transfer | CAD, USD, selected fiat | Varies | 1–3 business days | Bank and provider fees |
| E-wallets | USD, certain cryptos (3rd-party) | Depends on service | Immediate to several hours | Fees vary by partner |
| Cryptos or stablecoins | BTC, ETH, USDT, USDC, more | Network minimum | 10–60 minutes (blockchain) | Network fee only |
| Other local options | As available by region | Varies | Varies | Varies |
Customer reviews
On Trustpilot, Bybit is rated 4.3 out of 5 based on over 5,000 reviews, reflecting a generally positive sentiment among users.
Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Easy account setup and fast KYC verification
- Wide selection of crypto assets for spot and derivatives trading
- Competitive staking rates with flexible lock-in periods
- Responsive and helpful customer support
- User-friendly wallet interface and mobile app
- Secure storage solutions, including cold storage options
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Delays and verification issues with some fiat withdrawals
- High network or withdrawal fees for small crypto transfers
- Occasional glitches or slowdowns in the trading platform during high volatility
- Limited DeFi product integrations compared to other exchanges
- The learning curve for beginners due to advanced trading features
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
M.L. – 10/03/2024: “Bybit made it really easy for me to open my first crypto account and start trading. The app is clean and fast — I especially like the staking products.”
A.T. – 18/01/2024: “Good platform overall, but processing my withdrawal to my bank account took longer than advertised. Customer support did respond, but it was a bit stressful.”
J.S. – 30/11/2023: “I love the huge choice of coins and the trading interface, but I wish they had lower fees for small transfers. The mobile app is very convenient for keeping track of my portfolio.”
FAQ
Is Bybit regulated or certified in CA?
Bybit is not currently regulated or certified by Canadian financial authorities. While it operates in several jurisdictions under varying legal frameworks, users in Canada should be aware that trading on Bybit is not covered by local investor protection or regulatory oversight.
What is the minimum deposit to start trading on Bybit?
Bybit does not set a fixed minimum deposit for crypto transfers, allowing users to start trading with small amounts. For fiat deposits, limits may vary by payment method. It is advisable to check Bybit’s platform or help center for the most current deposit requirements.
Does Bybit offer welcome bonuses or rewards?
Bybit frequently offers welcome bonuses, deposit promotions, and rewards programs for new and existing users. These bonuses can include trading fee discounts and USDT bonuses. Promotion details change regularly, so users should review Bybit’s latest campaigns for eligibility and terms.
How does staking or earn work on Bybit?
Bybit provides “Bybit Earn,” enabling users to generate passive income by staking or subscribing to flexible savings products with certain cryptocurrencies. Returns depend on the asset and product type, and users can track estimated yields and redemption rules within the Earn section.
How does Bybit earn money (trading fees, spreads, commissions)?
Bybit’s main revenue comes from trading fees charged on spot and derivatives trades. It uses a maker-taker fee model, with spreads and funding rates applicable on leveraged products. Fees are competitive with industry standards and are transparently listed on Bybit’s fee schedule page.
Who is the team or company behind Bybit?
Bybit is operated by Bybit Fintech Limited, headquartered in Dubai, UAE. The founding team includes CEO Ben Zhou, who has experience in fintech and forex industries. Bybit is supported by a global staff focusing on security, innovation, and platform development.
When was Bybit launched?
Bybit was founded in March 2018 and has grown rapidly to become a prominent global crypto derivatives and spot trading platform. It now serves millions of users worldwide with a variety of trading and investment features.
Does Bybit provide insurance or proof-of-reserve for customer funds?
Bybit maintains a secure cold wallet system for user assets and periodically releases third-party audit reports to demonstrate proof-of-reserves. While not covered by traditional insurance, these transparency measures are designed to enhance trust and asset protection.
How can I contact Bybit’s customer service?
Bybit offers 24/7 customer support through live chat, email, and an extensive online help center. Users can reach out for technical assistance, account questions, or urgent issues directly on the platform or through support@bybit.com.
Does Bybit offer a referral or cashback program?
Bybit runs an active referral program where users can earn bonuses or discounts by inviting new users to join and trade. Cashback promotions and trading competitions are offered regularly, with specific terms and rewards detailed on the Bybit platform.
Is Bybit regulated or certified in CA?
Bybit is not currently regulated or certified by Canadian financial authorities. While it operates in several jurisdictions under varying legal frameworks, users in Canada should be aware that trading on Bybit is not covered by local investor protection or regulatory oversight.
What is the minimum deposit to start trading on Bybit?
Bybit does not set a fixed minimum deposit for crypto transfers, allowing users to start trading with small amounts. For fiat deposits, limits may vary by payment method. It is advisable to check Bybit’s platform or help center for the most current deposit requirements.
Does Bybit offer welcome bonuses or rewards?
Bybit frequently offers welcome bonuses, deposit promotions, and rewards programs for new and existing users. These bonuses can include trading fee discounts and USDT bonuses. Promotion details change regularly, so users should review Bybit’s latest campaigns for eligibility and terms.
How does staking or earn work on Bybit?
Bybit provides “Bybit Earn,” enabling users to generate passive income by staking or subscribing to flexible savings products with certain cryptocurrencies. Returns depend on the asset and product type, and users can track estimated yields and redemption rules within the Earn section.
How does Bybit earn money (trading fees, spreads, commissions)?
Bybit’s main revenue comes from trading fees charged on spot and derivatives trades. It uses a maker-taker fee model, with spreads and funding rates applicable on leveraged products. Fees are competitive with industry standards and are transparently listed on Bybit’s fee schedule page.
Who is the team or company behind Bybit?
Bybit is operated by Bybit Fintech Limited, headquartered in Dubai, UAE. The founding team includes CEO Ben Zhou, who has experience in fintech and forex industries. Bybit is supported by a global staff focusing on security, innovation, and platform development.
When was Bybit launched?
Bybit was founded in March 2018 and has grown rapidly to become a prominent global crypto derivatives and spot trading platform. It now serves millions of users worldwide with a variety of trading and investment features.
Does Bybit provide insurance or proof-of-reserve for customer funds?
Bybit maintains a secure cold wallet system for user assets and periodically releases third-party audit reports to demonstrate proof-of-reserves. While not covered by traditional insurance, these transparency measures are designed to enhance trust and asset protection.
How can I contact Bybit’s customer service?
Bybit offers 24/7 customer support through live chat, email, and an extensive online help center. Users can reach out for technical assistance, account questions, or urgent issues directly on the platform or through support@bybit.com.
Does Bybit offer a referral or cashback program?
Bybit runs an active referral program where users can earn bonuses or discounts by inviting new users to join and trade. Cashback promotions and trading competitions are offered regularly, with specific terms and rewards detailed on the Bybit platform.
