Bybit Review: What You Need to Know About This Crypto Exchange

When you're trading crypto, your exchange isn't just a platform—it's your Bybit, a global cryptocurrency exchange known for high leverage trading and deep liquidity. Also known as Bybit Exchange, it's one of the few platforms that still lets retail traders access 100x leverage without demanding institutional-level deposits. Unlike many exchanges that shut down or restrict access, Bybit stayed open during the 2022 crash and kept its order book running even when others froze withdrawals.

What makes Bybit, a global cryptocurrency exchange known for high leverage trading and deep liquidity. Also known as Bybit Exchange, it's one of the few platforms that still lets retail traders access 100x leverage without demanding institutional-level deposits. stand out isn't just leverage—it's how they handle liquidation engine, the automated system that closes losing positions to protect the exchange and other traders. Most platforms use a risky ‘last-in-first-out’ model that wipes out small traders fast. Bybit uses a funding rate system and auto-deleveraging that spreads losses more fairly. You still get liquidated if you’re over-leveraged, but you won’t be the only one eating the loss when the market swings.

Security is another big reason traders stick with Bybit. They use a multi-signature cold wallet system, and their insurance fund has held over $1.2 billion since 2021. No major hacks. No frozen funds. No sudden shutdowns like Vauld or FTX. They also don’t require KYC for basic trading—something you won’t find on Coinbase or Kraken. But here’s the catch: if you want to withdraw more than $2,000 a day, you’ll need to verify your ID. It’s not perfect, but it’s balanced.

Then there’s the crypto exchange fees, the costs charged for trading, withdrawing, or depositing assets on a platform. Bybit charges 0.1% for market makers and 0.06% for takers on spot trades. For futures, it’s even lower—down to 0.01% for makers. Compare that to Binance’s 0.1% for both sides, and you’ll see why pros keep their funds here. Withdrawal fees are also among the lowest in the industry. Bitcoin withdrawals? Just 0.0005 BTC. Ethereum? 0.01 ETH. No surprise fees. No hidden charges.

And if you’re into derivatives, Bybit’s perpetual contracts are the real deal. The order book is deep, the spreads are tight, and the interface doesn’t lag—even during volatility. They even offer a copy-trading feature that lets you mirror top traders’ moves without needing to understand the math behind it. It’s not for beginners who just want to buy Bitcoin and hold. But if you’re serious about trading, Bybit gives you the tools without the fluff.

What you won’t find here? A lot of crypto news, educational hubs, or airdrop promotions. Bybit isn’t trying to be a one-stop shop like KuCoin or CoinBase. It’s focused on one thing: letting traders execute fast, low-cost, high-leverage trades. That’s why it survives when others collapse. You won’t find a better platform for active trading if you know what you’re doing. And if you don’t? The risk is yours.

Below, you’ll find real user experiences, hidden pitfalls, and breakdowns of how Bybit compares to other exchanges—no marketing fluff, just what matters when your money’s on the line.