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.