Bybit Review 2022

Bybit is a new, rapidly growing cryptocurrency derivatives exchange platform with headquarters in Singapore. Established in 2018 by professionals with experience and expertise in investment banking and the forex industry, Bybit aspires to create secure and transparent trading system. Due to its priority to provide the best user experience, Bybit has 1.6 million global users that include retail and professional clients.



Official Website



Found in


Native Token


Listed Cryptocurrency

BTC, ETH, USDT, EOS, XRP, & more

Trading Pairs


Supported Fiat Currencies

20+ Fiat Currencies

Supported Countries

North America, Europe, Russia, Japan, South Korea and Southeast Asia

Minimum Deposit

No Minimum Deposit

Deposit Fees


Transaction Fees

Maker Fee: -0.025%Taker Fee: 0.075%

Exclusive 15% fees off for our referrals

Withdrawal Fees



Android and iOS


Understanding Bybit

Bybit is a secured, transparent, and efficient cryptocurrency exchange platform that allows its customers to trade futures with good leverage in BTC/USD, ETH/USD, XRP/USD, EOS/USD, and BTC/USDT perpetual contracts.


What makes Bybit Unique?

There are feathers that make Bybit stand out among similar cryptocurrency exchange platforms.

It allows trade derivatives products, including Bitcoin and other cryptos, with three contract options:

  • Inverse Perpetual
  • USDT Perpetual
  • Inverse Futures

Bybit has a wide range of trading features that include cross and isolated margin trading. Moreover, it offers 100X leverage trading that is not adjustable if utilized in the cross-margin option.

It permits limit order, conditional order or conditional limit order, stop-loss order, and advanced orders, like Good till Cancelled, Immediate or Cancel (IOC order), Fill or Kill. 

Bybit offers a host of data analysis tools, which allow customers to access data, such as price moving averages, moving average indicators, and monthly price ranges as well as funding data, like specific index prices, rolling volatility chart, BTC daily realized volatility, market analysis, and the latest news.

Perpetual Futures and The Dual Price Mechanism

A perpetual futures contract is a derivative that does not expire, as opposed to spot and futures trade contracts, and helps to maximize profit opportunities. 

Bybit incorporates quarterly futures contracts and subaccounts when it integrates with the MetaTrader 4 foreign exchange platform.

Due to the Dual Price Mechanism, the users are protected from trade manipulation or price manipulation that results in steep losses because of liquidation of positions and margin shortage or requirements at prevailing market price.

Bybit’s Mark to Market Price

‘Funding’ provides a healthy spread between the spot and the derivative cryptocurrency exchange price. It helps to match spot price and derivative exchange price, once in eight hours, by making the last asset traded price on the crypto platform ‘mark price to market price.’ 


100X Leveraged Trading

Bybit allows 100x leverage on perpetual futures products. Therefore, traders can expand their leverage to match the maintenance margin requirement. As a result of this feature, experienced traders can enter sizable positions.


The Contract Loss Mechanism

In an unstable market, a leveraged long or short position might be liquidated, in case the price goes lower than the bankruptcy price. For that reason, Bybit Insurance Fund supports liquidated traders by covering the deficits caused due to losses.


Auto-Deleveraging system (ADL)

ADL deleverages the highest profitable and leveraged positions in that order, which can protect traders from abnormal losses. Its unrealized profit ratio and leverage allows it to determine the ADL ranking for each position.


Pros and Cons of Bybit Exchange



 No KYC is needed for a new user. It’s easy to start trading.

 The number of trading pairs is limited.

 It has a pc based trading and a mobile app option to log in and trade.

 Lack of regulation.

 Bybit leverage is very high, attractive trading fees and market maker rebate.

 US citizens are not allowed to trade.

 Has Insurance Fund guarantee to mitigate and cover losses.

 Trading volume statistics cannot be verified to determine its authenticity.

 Multiple order types possible like limit orders, partial orders, conditional orders and market orders.


 Derivative Contracts settled in Coin and USDT.


 High bonuses.


 It is among the top three established exchanges in terms of highest trading volumes in crypto derivatives.


 Bybit fees are amongst the least compared to other exchanges.

Bybit Mobile App

Many traders use Bybit mobile app to make transactions. The app is compatible with Android and iOS systems and can be downloaded from the Google play store. Like desktop, one can buy cryptocurrencies like Bitcoin, Ethereum, and other coins through the app, either using a credit card, debit card, or a bank transfer. The app is secured through a multi-signature cold storage wallet solution. and is able to process 100,000 transactions per second, which ensure the fulfillment of every trade order.


The Payment Method

Bybit Payments and Deposits can be made using Visa, Mastercard, Electronic Fund Transfer or Wire Transfer, and Bill Payment options. The platform operates in collaboration with Banxa, Xanpool, MoonPay, and Mercury to support payments through fiat currency. The customers who use the Mobile App can click on the ‘Assets’ tab in the bottom right-hand corner and then click on ‘Deposit.’


"Maker" and "Taker"

At Bybit, every user is classified as either "Maker" or "Taker". The system works in a way that Makers provide market liquidity and depth, for which they get rewarded, while takers squeeze the liquidity from the order book. Takers' orders are filled instantly, whereas Makers' orders do not. Bybit offers a maker fee (rebate) of 0.025% instead of charging fees to Makers, unlike a fee of 0.075% charged for Takers. The net cost accrued by the Bybit platform is 0.05%. Exclusively for our referrals, if you sign up under our promo you will get 15% off on trading fees.

Withdrawing funds from Bybit is straightforward. Users can withdraw funds up to 10BTC by entering the wallet address. The daily withdrawal limit is 0.0005 BTC, and Bybit Funding Fee or Funding Rate is 0.02%/ -0.02%.


Bybit Services

Bybit offers trading strategies or options in Inverse Perpetual Contract, USDT Perpetual, and Inverse Contract in Bitcoin, EOS, Ethereum, and Ripple XRP. It offers up to 100x leverage on Bitcoin’s perpetual swap future contract. Deposits are accepted in all the currencies that they trade, i.e., BTC ETH EOS, XRP.

Rewards Hub

As the official deal, you will get 15% futures trading fees discount. Moreover, you will receive monthly random USDT airdrops on your accounts and will be eligible to participate in our monthly and yearly trading tournaments.


Affiliate Program

Through the Bybit affiliate program, the user can earn a passive income of up to 30% commission on Bybit trading fees. A multi-dimensional report is generated with complete details of transaction data and commission details. Bybit assists affiliates with tailor-made marketing materials and market activities. You can become affiliate partner thru Fomomia and have exclusive deals such as: sponsoring tournaments, airdrops and other activities, which is exclusive. 

-> Become an affiliate <-


Bybit has a referral program that creates a financial incentive for its traders to refer their friends and acquaintances to the platform. Traders have a chance to earn $10 equivalent in BTC instantly and other bonuses depending on the volume. Bonuses earned by traders can either be used as an initial margin or initial maintenance margin to cover losses or offset the trading fee. Although bonus alone cannot be withdrawn, the profit that comes from trading with bonuses can be withdrawn.

Bybit Trading Bot

Trading bots are automated software that trades as per the pre-set conditions by traders who have previous experience. Some trading bots that enable a trader to auto trade in Bybit are TradingView, 3Commas, Alertaton, Autoview, Cornix, FMZ, GoodCrypto, Haasonline Hydor, Mudrex, Profit Trading, ProfitTrailer, Profitview, Sirius Trader, Stacked, TokenBot, Tycoon, Wunderbit, and WBCCLUB.


Security is the highest priority at Bybit. It spends 20% of its annual budget on ensuring the platform’s security - higher than the industry average of 15%. Differ from other exchange platforms that use ‘hot wallets,’ Bybit uses ‘cold wallets,’ which have inbuilt robust security management, features, and measures. Moreover, withdrawal requests are subject to three levels of verifications and manual reviews per day to manage risk, and traders can withdraw once every eight hours. Bybit has a stringent policy regarding crypto-asset consolidation, including system security, physical environment security, operation authentication, encryption techniques, monitoring, and audit. The exchange always insists the user have two-factor authentication. The user must scan the QR code, and a six-digit 2FA code is generated randomly inside the Google Authenticator App. Users should write down the Recovery Key Phrase and store RKP securely inside a cloud server with full SSL encryption.

Bybit Calculator

Bybit Calculator is a tool that allows trader to monitor his position value and position size and calculate parameters to predict the future performance in terms of profit/ loss and risk management. Traders can calculate the following using the Bybit Calculator: Trader’s initial Margin or first deposit, Profit/ Loss, Profit/ Loss %, and ROI, Initial deposit Margin required to open a position, a target price, a trigger price, or the best price to achieve a predetermined ROI, Liquidation Price when the position is on isolated margin option or cross margin mode, account balance, funding rate/funding fees, price difference, underlying margin.


Bybit Customer Support

Bybit has a 24/7 customer support team that promptly responds to phone or live chat inquiries. The language options are English, Chinese (Cantonese and Mandarin), Japanese, Korean, Russian, Spanish, and Vietnamese.

Users Can Email the Following Depending on the Type of Questions:

Customer Support: 






Bybit is an efficient derivatives trading platform for crypto with features that are unique for the platform. It is safe, secure, and oriented to protect its users from market instability. Considering all of the aspects, Bybit is one of the best crypto trading platforms in the market.