Bybit is one of the world's largest and fastest-growing cryptocurrency exchanges, offering a wide range of trading products, including Bitcoin and Ethereum spot trading, inverse perpetual contracts, USDT perpetual contracts, and inverse futures. This guide delves into Bybit's security measures, fee structure, account registration process, and deposit/withdrawal methods.
Security Features
Trading Volume and Rankings
Bybit ranks among the top exchanges on CoinMarketCap and CoinGecko, reflecting its liquidity and trustworthiness. Key rankings include:
- Spot Trading: Top 8 on CoinMarketCap
- Derivatives: Top 2 on CoinMarketCap
- Overall Exchange: Top 5 on CoinGecko
Hierarchical Deterministic Cold Wallet
Bybit uses advanced elliptic curve cryptography to secure assets, ensuring sub-public keys can only be authenticated by sub-private keys. This system has prevented any asset theft since its inception.
BitUniverse Transparency Initiative
Bybit participates in the BitUniverse Exchange Transparency Program, allowing users to monitor real-time chain assets via their app.
Fee Structure
| Trading Type | Maker Fee | Taker Fee |
|--------------|-----------|-----------|
| Spot | 0.1% | 0.1% |
| Contracts| 0.01% | 0.06% |
VIP Program: Higher trading volumes qualify for reduced fees. Apply for VIP status.
Account Registration
Step 1: Sign Up
Visit Bybit’s official site and create an account.
Step 2: Complete KYC Verification
Submit personal details and ID documents for Level 1 verification (required). Level 2 is optional for higher limits.
Step 3: Enable 2FA
Secure your account with Google Authenticator.
Deposit/Withdrawal Methods
Deposits
- Credit Card: Supported banks include Cathay United Bank and E.SUN Bank.
- Exchange Transfer: Use TRC20/ERC20 networks for crypto transfers.
- P2P Trading: Buy crypto directly from sellers.
Withdrawals
- Exchange Transfer: Send crypto to platforms like BitoPro for fiat conversion.
- P2P: Sell crypto to buyers for cash.
Unique Features
Copy Trading
Follow expert traders via Bybit’s Copy Trading Platform.
USDC Options Trading
Trade ETH options with competitive liquidity.
Become a Master Trader
Apply to lead trades and earn commissions.
FAQs
Q: Is Bybit safe?
A: Yes, with cold wallet storage, 2FA, and transparent audits.
Q: What’s the minimum deposit?
A: No minimum for crypto; fiat deposits vary by method.
Q: How long do withdrawals take?
A: Crypto withdrawals process within 30 minutes.
Customer Support
- Email: [email protected]
- Help Center
Bybit combines robust security, low fees, and innovative features like copy trading, making it a top choice for crypto traders.