Bybit Exchange Review: A Comprehensive Look at Fees, Security, and Features

Bybit is a feature-rich crypto exchange built for active traders, offering spot markets, perpetual futures, options, copy trading, bots, and advanced order controls. It also comes with trade-offs, including regional restrictions, platform complexity, and centralized custody risk.

The exchange has separate regional platforms, Bybit Global and Bybit EU, each with its own set of products and services. Bybit Global serves users outside its excluded jurisdictions, while Bybit EU is a Vienna-based platform serving eligible EEA residents through a separate account and legal entity.

Bybit's fees vary by product and location, with the global spot base fee at 0.1000% for both maker and taker. The exchange also offers options trading through supported entities and eligible accounts. However, users should be aware of the risks associated with centralized custody and regional access restrictions.

Bybit's platform complexity can make it difficult to navigate, especially for new traders. Additionally, the exchange has faced criticism for its handling of user assets following a 2025 hack, which led to changes in its security controls and proof-of-reserves data.