Bybit
Best for
Best for users who want lighter onboarding, proof-of-reserves visibility, and 24/7 support coverage.
Summary
Bybit is a centralized exchange for spot trading, founded in 2018 and based in UE. It uses basic identity checks, does not list a fiat onramp, and discloses proof of reserves.
Quick snapshot
- KYC
- Basic
- Fiat onramp
- Not listed
- Support
- 24/7 via Chat, Email
- Proof of reserves
- Assets only
- Base fees
- Not listed
Brokerate score
The score reflects the published trust, fees, transparency, and support signals we could verify on this profile.
- Founded
- 2018
- HQ
- UE
Use the official site to confirm live fees, regional access, and reserve reporting before funding an account.
Quick evaluation
A fast read on the main decision areas before the detailed profile sections.
Security
7 security controls are listed, including Two-factor authentication and Hardware 2FA.
Fees
Base maker and taker fees are not listed. No deposit or withdrawal fee policy is disclosed.
KYC & fiat
Basic KYC is listed, no fiat onramp is listed, and support is listed as 24/7 via Chat, Email.
Transparency
Proof of reserves covers assets but not liabilities. No recent reserve report date is listed.
Pros
- Proof of reserves is disclosed.
- 24/7 support is listed.
- Support channels include Chat, Email.
Cons
- Reserve reporting does not include liabilities.
- No fiat onramp is listed.
- Base maker and taker fees are not listed.
Full exchange details
Overview
Company profile
- HQ country
-
UE
Founded 2018
- KYC level
-
Basic
- Fiat support
-
Not listed
Access & funding
- Support channels
-
Chat, Email
24/7 support listed.
- Proof of Reserves
-
Assets only
- Fee snapshot
-
Not listed
Transparency
- Proof of Reserves
-
Assets only
Reserve reporting covers assets but does not disclose liabilities.
- Assets proof
-
Included
- Last report
-
Not listed
- Liabilities proof
-
Not disclosed
No named auditor or method disclosure is listed.
Security & trust
Account protection signals disclosed in the profile and the latest trust context we could verify.
- Status
- Active
- Confidence
- 88/100
High-impact protections
4 of 4 higher-impact protections are listed, including Two-factor authentication and Hardware 2FA.
Listed
4/4
Two-factor authentication
Listed in the profile
Hardware 2FA
Listed in the profile
Withdrawal whitelist
Listed in the profile
Anti-phishing code
Listed in the profile
Additional checks
- Session management
- Yes
- Bug bounty
- Yes
- Public pentest
- No
- Insurance disclosed
- Yes
Fees & policies
Trading fee disclosure, tier schedules, and any related policy notes in the profile.
Base maker and taker fees are not listed.
No extra tier or policy detail is listed.
Incidents
Publicly documented incident history in our current dataset.
No publicly documented incidents found in our current dataset.
Absence of incidents in this dataset is not a guarantee of safety or uninterrupted operations.
Product context
Listed product coverage and short editorial background for deeper comparison.
Coverage
Background
Bybit is generally described by users as a fast, reliable, and trader-oriented platform, particularly strong in derivatives trading. Many traders appreciate its smooth interface, high liquidity, and quick order execution, especially during volatile market conditions. It’s often s...
Read full background
Bybit is generally described by users as a fast, reliable, and trader-oriented platform, particularly strong in derivatives trading. Many traders appreciate its smooth interface, high liquidity, and quick order execution, especially during volatile market conditions. It’s often seen as a go-to exchange for futures trading due to its competitive fees and advanced tools.
At the same time, users frequently note that Bybit is not ideal for beginners, as leverage trading carries significant risk and requires proper risk management. There are also mentions of strict KYC procedures and regional restrictions, which can limit access to certain features. Overall, it is viewed as a powerful platform best suited for experienced and active traders.
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