Bybit Review 2025

Table of content

• Quick Verdict
• Overview
• Registration
• Buying and Selling
• User Experience
• Security
• Room for Improvement
• Why Choose Bybit?
• How To Open a Bybit Account?
• Conclusion
• FAQs About Bybit Review

Before diving deeper into the details, here’s a quick look at what’s good and bad about Bybit.

Pros

• Advanced trading features like leverage and perpetual contract.
• Low fees compared to many competitors
• High liquidity for large orders
• Bybit trading bot for automated trading
• VIP program with perks like reduced fees and priority support
  

Cons

• Withdrawal issues reported by some users
• Customer support response times can be slow
• Platform complexity might be overwhelming for beginners
• Limited availability in some regions, such as the U.S.

Bybit offers a user-friendly interface with advanced trading tools, making it suitable for both novice and experienced traders. The platform supports a wide range of cryptocurrencies and provides various order types, including limit, market, and conditional orders. Bybit also offers a mobile app for trading on the go.

Creating an account on Bybit is straightforward. Users need to provide an email address and set up a secure password. After registration, users must complete the KYC (Know Your Customer) process, which involves verifying identity with a government-issued ID. This step ensures the platform's security and compliance with regulations.

Bybit offers various methods for purchasing cryptocurrency, including bank transfers, credit and debit cards, and third-party payment processors like Apple Pay. Deposits are typically quick, and users can fund their accounts with both fiat and cryptocurrency. Withdrawals can be made in several cryptocurrencies, including Bitcoin, Ethereum, and USDT. However, some users have reported delays or difficulties with the withdrawal process.

Bybit supports various payment methods for EU customers:

Method	Deposit Fee	Withdrawal Fee	Processing Time
SEPA Transfer	Free	Free	1–3 business days
Bank Transfer (Easy)	Free	Free	1–3 business days
Credit/Debit Card	1.10%	Varies	Instant
Google Pay	1.8% + €0.24	Varies	Instant
Apple Pay	1.8% + €0.24	Varies	Instant

Bybit provides a clean and intuitive interface, making it accessible for both beginners and experienced traders. The platform offers various educational resources to help users understand trading concepts and strategies. 

Customer support is available 24/7 via live chat and email, though response times can vary. The mobile app mirrors the desktop platform's features, allowing users to trade on the go.

Bybit employs strong security measures to protect users' funds and personal information. The platform uses two-factor authentication (2FA) and stores the majority of funds in cold storage to minimize the risk of hacks. 

Regular security audits are conducted to identify and address potential vulnerabilities.

While Bybit offers a good trading platform, there are areas for improvement. Some users have reported issues with the withdrawal process, including delays and difficulties accessing funds.

Additionally, the platform's complexity may be overwhelming for beginners, and customer support response times could be faster.

Bybit stands out as a top-tier crypto exchange, especially for those interested in derivatives trading. Established in 2018, it has rapidly grown to serve millions of users globally. The platform offers advanced features like up to 100x leverage, a variety of trading pairs, and a user-friendly interface. Its mobile app ensures you can trade on the go, and the VIP program rewards high-volume traders with reduced fees and other perks.

However, it's important to note that Bybit is not available in certain regions, including the United States, due to regulatory restrictions. Additionally, while the platform provides strong security measures, users should always exercise caution and be aware of the risks associated with leveraged trading.

In summary, Bybit is a solid choice for experienced traders seeking advanced tools and features. If you're new to crypto trading, it's advisable to familiarize yourself with the platform's offerings and consider starting with lower leverage to mitigate potential risks.

Here's a simplified step-by-step guide to opening a Bybit account:

1. Visit Bybit website and click on “Sign Up”.
2. Choose your registration method: Register using your email or mobile number.
3. Enter the verification code sent to your email or mobile number.
4. Complete the KYC (Know Your Customer) verification by providing your personal information and uploading a government-issued ID.
5. Once verified, deposit funds into your account via cryptocurrency or fiat methods.
6. Start trading with Bybit's available options such as spot trading, futures trading, or staking.

Bybit is a comprehensive cryptocurrency exchange that offers advanced trading features, competitive fees, and a user-friendly interface. It caters to a wide range of traders, from beginners to professionals. 

However, potential users should be aware of the occasional withdrawal issues and the platform's complexity. Overall, Bybit remains a strong choice for those seeking a comprehensive trading experience.