CEX PROOF OF RESERVES VARA LICENSED PROOF OF RESERVES
Bybit review
Leading derivatives exchange for pro traders
The verdict
7.4 / 10 · CONSIDER
Built for derivatives traders — best-in-class perpetuals and options with deep liquidity. Spot trading is solid but the focus is clearly on leveraged products.
◆ BUY IT IF
- Industry-leading perpetual and futures trading
- Copy trading feature
- Competitive fees
- Strong 24/7 customer support
◇ SKIP IT IF
- Not available for US, UK, Singapore users
- Less regulated than Kraken/Coinbase
- $1.5B+ Bybit hack in February 2025 (customer funds restored)
- Weaker spot offering vs Binance
§ 01 SCORE BREAKDOWN
Seven axes, weighted.
DIMENSION WEIGHT RATING SCORE
Regulatory safety
VARA licensed in Dubai. Multiple regional VASP registrations. Not available in US, UK, Singapore.
Trading fees
Maker 0.1% · Taker 0.1%
Coin selection
300 coins supported
Liquidity
CEX — order-book depth
User experience
Security
Publishes Proof of Reserves
Support
§ 02 SPECIFICATIONS
Everything, in one table.
Regulation
- Regulatory status
- VARA licensed in Dubai. Multiple regional VASP registrations. Not available in US, UK, Singapore.
- KYC required
- Yes
- Proof of Reserves
- Yes
- Founded
- 2018
- Type
- CEX
Fees
- Maker fee
- 0.1%
- Taker fee
- 0.1%
- Withdrawal fee
- Variable by asset
Trading
- Spot trading
- Yes
- Futures trading
- Yes
- Margin trading
- Yes
- Copy trading
- Yes
- Supported coins
- 300
Other features
- Earn / staking
- No
- Debit card
- No
- Fiat on-ramp
- Yes
§ 03 FAQ
Frequently Asked Questions
Is Bybit safe to use? +
Bybit VARA licensed in Dubai. Multiple regional VASP registrations. Not available in US, UK, Singapore.. The platform publishes proof of reserves.
What are Bybit's trading fees? +
Bybit charges 0.1% maker fee and 0.1% taker fee. Perpetual futures: 0.01% maker / 0.06% taker. Discounts available with VIP tiers.
How many coins does Bybit support? +
Bybit supports 300 coins and tokens. Spot trading is available. Futures trading is also supported.
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