Name: Bybit Review
Item: Bybit
Rating: 8.7
Author: Andrej Gjorgievski

Question 1

What are Bybit trading fees and how do VIP tiers work?

Accepted Answer

Bybit’s advanced interface uses a maker/taker schedule starting at 0.1%/0.1% for spot and 0.02%/0.055% for perpetuals, with options 0.02% taker. VIP discounts are based on 30‑day volume, reducing spot to 0.03%/0.045% and perps maker to 0.00% at top tier.

Question 2

Does Bybit require KYC and what are my withdrawal limits?

Accepted Answer

Yes. KYC is mandatory to trade. Non‑KYC accounts are withdrawal‑only. Standard (Level 1) allows up to 1,000,000 USDT per day, Advanced up to 2,000,000 USDT per day, and Pro up to 60,000,000 USDT per day, with limits refreshing at 00:00 UTC.

Question 3

Is Bybit available in my country?

Accepted Answer

Bybit.com is not available in the United States, United Kingdom, Canada, Singapore, France, Hong Kong, Mainland China, or sanctioned regions. European users are routed to Bybit.eu, where product scope varies and derivatives remain pending licensing.

Question 4

Which coins and markets does Bybit support?

Accepted Answer

Bybit lists 350+ spot assets and 450+ perpetual pairs, anchored by USDT and USDC quote markets. Deposits and withdrawals support multiple networks, including TRC‑20 and ERC‑20 for stablecoins. Fiat pairs are limited and entity‑specific.

Question 5

How long do withdrawals take and what fees will I pay?

Accepted Answer

Bybit charges a fixed, network‑only fee per asset and shows the amount before you confirm. Typical network times are BTC about 10–60 minutes, ETH about 5–15 minutes, and USDT‑TRC20 about 2–10 minutes, depending on congestion. Choosing lower‑fee networks can reduce costs.

Question 6

Is Bybit safe and does it publish proof of reserves?

Accepted Answer

Bybit holds most assets in cold storage, enforces TOTP 2FA and address whitelists, and maintains an insurance fund for trading losses. It publishes a monthly Merkle‑tree proof‑of‑reserves attested by Hacken, with user self‑verification. A Feb. 2025 wallet incident was remediated with reserve replenishment.

Question 7

What are Bybit simple‑buy fees and spreads?

Accepted Answer

Simple‑buy purchases display an all‑in rate at checkout that includes the provider’s card fee and the quoted exchange rate. As of Aug. 2025, EU cards show 1.10% provider fee and non‑EU cards 2.70%–3.05%, with the final all‑in shown before you confirm.

Question 8

How can I lower my fees on Bybit?

Accepted Answer

Trade on the advanced interface to avoid simple‑buy spreads, place maker orders where possible, and increase your 30‑day volume to unlock VIP discounts. Where supported, paying fees in MNT applies additional spot and futures discounts.

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Bybit Review

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