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Bybit

Bybit is a Dubai-based cryptocurrency exchange. Centered on major cryptocurrencies, as of June 2025, it supports more than 500 cryptos for both spot and derivative trading. Although the initial service was lacking in the number of supported cryptos, it has been expanding its lineup rapidly to proud one of the widest varieties among the international exchanges.

The maximum leverage varies by currency. Also, the zero cut system is adopted to protect traders in case the balance becomes negative. With this system, Bybit will make up the negative amount if the balance goes below zero, so you will not have to deposit additional funds.

Bybit offers many types of trading, e.g., "USDT Perpetual", "Inverse Perpetual", "Inverse Futures", and "Spot". The USDT Perpetual, the most popular one, is the derivatives trading. It uses Tether (USDT) as margin, which is pegged to the US Dollar, hence stable. Since there is no expiration, you can hold a long position like spot trading while using leverage. The Inverse Perpetual and the Inverse Futures are derivatives trading using cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) as margin.

Bybit often runs promotions for new cryptocurrency listings. You can buy newly listed cryptos at a discount or get them for free through those campaigns. The most common campaign for new listings is Launchpool. Through Launchpool, you can earn some amount of newly listed cryptos for free everyday if you stake a specific crypto on Bybit.

Bybit also offers several services, which allows you to earn rewards by staking cryptocurrencies. One of them is Bybit Savings. Two types of products are offered: Flexible Term Products, which you can unstake anytime, and Fixed Term Products often with higher interest rates for fixed periods.

Furthermore, it provides the TradingView trading tools, available on web browsers when trading on PC. MetaTrader5 (MT5), which is popular among international Forex brokers, is also supported from August 2024. For mobile devices, it offers the Bybit application for iOS and Android.

As with many cryptocurrency exchanges, fees are differentiated between maker and taker orders, with maker fees typically set lower. Deposits and withdrawals are available in cryptocurrencies, fiat currencies, and by credit card.

Also, most of traders' assets are stored in the fully-offline "cold wallet", which lowers the risk of unauthorized online access or hacking, maintaining a high level of asset security.

Official Website

Pros

  1. Wide range of spot and derivative instruments
  2. High leverage for cryptos up to 1:100
  3. Wide range of staking services
  4. Funds stored in a cold wallet

Cons

  1. Low maximum leverage

Operating Company

Company name:
Bybit Technology Limited
Head office address:
At One Central in Dubai
Financial supervisor:
Unidentified
Founded:
2018
Capital:
Undisclosed

Customer Service

Website language:

[Asia] Indonesian, Filipino, Kazakh, Vietnamese, Japanese, Simplified Chinese, Traditional Chinese
[Europe and America] English, Spanish, Spanish (Mexico), Spanish (Argentina), Portuguese, Portuguese (Brazil), Russian, Ukrainian
[Middle East, Africa] Arabic

Trading platform:
MetaTrader5, Original Platform
English support:
Support Chat, Contact Form, Email
Business hours:
(365 days) 24 hours
Email address:
[email protected]
Phone number:
N/A

Trading Rules

Funding Fees:

[Main] 4:00 pm, 12:00 am, 8:00 am (UTC)
[MT5] Summer Time: 9:00 pm, Winter Time: 10:00 pm (UTC)

Margin call:
N/A
Loss cut:

[Main] Depends on the selected margin mode
[MT5] When the margin level falls below 50%

Matched order:
Permitted
EA restrictions:
None
Request for additional margin:
None
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Full deposit compensation is not guaranteed

Conditions for Each Account Type

Trading platform:
Original platform, MetaTrader5
Brokerage model:
P2P trading
Spread method:
Variable spreads
Trading account currency:
USDT
Maximum leverage:

[Main] 1:100
[MT5] 1:500

Initial minimum deposit:

[Main] Subject to the instrument and payment method
[MT5] None

Lot size:

[Main] 1 unit
[MT5] Depends on the instrument

Minimum order size:
Varies by product
Maximum order size:
Varies by product
Maximum open orders:
[Main] Depends on the Risk Limit [MT5] Subject to exposure limit
Instruments(symbols):

[Main/Spot/Cryptocurrencies]: ~500
[Main/CFD/Cryptocurrencies]: ~500
[MT5/FX/Currency Pairs]: 61
[MT5/CFD/Metals]: 8
[MT5/CFD/Indices]: 22
[MT5/CFD/Energy]: 2
[MT5/CFD/Commodities]: 11
[MT5/CFD/Stock]: 78

Available trading hours:

[Main] 24/7
[MT5/Summer Time] Sunday 9:00 pm - Friday 8:59 pm (UTC)
[MT5/Winter Time] Sunday 10:00 pm - Friday 9:59 pm (UTC)

Transaction fees:

[Main/Spot] Taker: 0.1%, Maker: 0.1%
[Main/CFD] Taker: 0.055%, Maker: 0.02%
[MT5/FX] 6 USDT/lot
[MT5/Metals] 6 USDT/lot
[MT5/Indices] Depends on the instrument (0.1-3 USDT/lot)
[MT5/Energies] 3 USDT/lot
[MT5/Commodities] 3 USDT/lot
[MT5/Stocks] 0.04 USDT/lot

Account maintenance fee:
None
Holding multiple accounts:

[Main] Permitted
[MT5] Not permitted

GMT time difference:
[MT5] Daylight saving time: +3 hours, Winter time: +2 hours
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