Bybit
Founded in 2018, Bybit grew into one of the largest exchanges with a derivatives focus; it holds an Austrian MiCA licence and is headquartered in Dubai.
Key facts
- Trading platforms
- WebMobileAPI
- Account types
- SpotDerivativesUnified Trading AccountIslamicEarn
- Instruments
- Spot CryptoPerpetual FuturesOptionsMarginStaking
- Deposit & withdrawal
- CryptoBank CardBank TransferP2P
- Features
- Accepts IraniansPersian supportIslamic accountCopy tradingDemo account
Score breakdown
Each criterion is rated 0–5 by our editorial team.
- Trust & Regulation4.0
- Fees & Costs4.5
- Platform & UX4.6
- Deposit & Withdrawal4.4
- Support4.1
- Features & Range4.6
Full review
Bybit launched in 2018, initially known for perpetual contracts. It moved its headquarters from Singapore to Dubai in 2022 and is now among the largest exchanges by derivatives volume.
In May 2025 its European arm received a MiCA licence from Austria's FMA and set up a Vienna EU headquarters, and in the UAE it obtained a virtual asset platform operator licence from the SCA. In February 2025 Bybit suffered one of the largest crypto hacks on record (about $1.5 billion in ETH), attributed to the Lazarus Group; the exchange said it covered the loss and withdrawals continued.
Base spot fees are 0.1%; derivatives are 0.02% maker and 0.055% taker. Features include a Unified Trading Account, copy trading, bots, demo trading, earn products and an Islamic account.
Funding is via crypto, cards and P2P. Bybit does not accept residents of Iran and KYC is required.
Last updated: Oct 6, 2026
Pros & cons
- Deep derivatives liquidity
- MiCA licence in the EU
- Copy trading and demo mode
- Islamic account
- Advanced interface
- Major hack in February 2025
- High leverage is risky for beginners
- Does not accept Iranian users
- Regulatory coverage varies by region
Licences & regulation
Tier 1 means the strictest oversight.
| Regulator | Authority | Tier | Licence no. |
|---|---|---|---|
FMA (Austria, MiCA) FMA (Austria, MiCA) | FMA (Austria, MiCA) | Tier 3 | — |
SCA (UAE) SCA (UAE) | SCA (UAE) | Tier 3 | — |
User reviews
- 5 stars0
- 4 stars0
- 3 stars0
- 2 stars0
- 1 stars0
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