Bybit was born in 2018 as a derivatives exchange and still centers on perpetual futures, headquartered in Dubai (Bybit Fintech FZE). It now also has spot, bots, copy trading and a P2P market.
What it does
- Trade perpetual futures with derivatives-focused liquidity and execution
- Buy crypto on spot or via P2P with local methods
- Copy traders through mature copy trading
- Automate strategies with grid and DCA bots
Products
The derivatives terminal is the platform’s heart: perpetuals on BTC, ETH and hundreds of altcoins with leverage. Around it sit spot, options, earn, Launchpad and a well-regarded mobile app. Bybit publishes Merkle proof of reserves and runs liquidity stress-test programs.
Public pricing
- Perpetuals: maker from 0.02% and taker 0.055% at the base tier
- Spot: maker/taker from 0.10%
- Volume and token-holding discounts — official table published
Strengths
- Sharp derivatives execution with strong perpetual liquidity
- Mature, easy-to-follow copy trading
- Broad P2P coverage in emerging markets
Points of attention
- High leverage demands risk management — a product for experienced traders
- Restrictions in regulated markets (US, UK with limitations)
- The derivatives focus can be overkill for buy-and-hold users