Select Language


Bybit is a Singapore-based cryptocurrency exchange established in March 2018. Centered on major cryptocurrencies, as of March 2022, it supports more than 170 types for spot trading and 100 for 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 for every currency, up to 1:100. 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 four types of trading: “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 campaigns for new listings are Launchpad and Launchpool. The Launchpad is a campaign that lets you receive an allocation of new cryptos based on the balance of BIT tokens in your account, which is often used as a requirement to participate in a campaign on Bybit. In the Launchpool, on the other hand, you can earn some amount of newly listed cryptos for free each day if you stake a specific crypto prior to the listing of the new one on Bybit.

Bybit also offers several services, which allows you to earn rewards by staking cryptocurrencies. There are two services that are always available: “Flexible Savings”, in which you receive yield by staking a specific crypto, and “Dual Asset Investment”, in which you receive APY of 100% or more, although it is a non-principal protected.

Furthermore, it provides the TradingView trading tools, available on web browsers when trading on PC. MetaTrader4 (MT4), which is popular among international Forex brokers, is also supported from March 2022. 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. It is notable that the maker fee is received, or earned, by the trader. Deposits and withdrawals are available in cryptocurrencies and by credit card.

Also, 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


  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


  1. Lack of user-friendly manuals

Operating Company

Company name:
Bybit Fintech Limited
Head office address:
Financial supervisor:

Customer Service

Website language:

[Asia] Simplified Chinese, Traditional Chinese, Hindi, Kazakh, Indonesian, Thai, Vietnamese, Tagalog, Japanese
[Europe and America] English, Spanish, Portuguese, Russian, Ukrainian, French
[Middle East, Africa] Turkish

Trading platform:
MetaTrader4, Original tool
English support:
Email, Support Chat
Business hours:
(365 days) 24 hours
Email address:
[email protected]
Phone number:

Trading Rules

Funding Fees:
4:00 pm, 0:00 am, 8:00 am (UTC)
Margin call:
Loss cut:
When the margin maintenance rate falls below 100%
Matched order:
EA restrictions:
Request for additional margin:
None (If the margin becomes negative, zero cut will be performed)
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Full deposit compensation is not guaranteed

Conditions for Each Account Type

Trading platform:
MetaTrader4, Original tool
Brokerage model:
Spread method:
Variable spreads
Trading account currency:
Maximum leverage:
Initial minimum deposit:
[CFD/Cryptocurrencies]: 23
Available trading hours:
(365 days) 24 hours
Transaction fees:
Account maintenance fee:
Holding multiple accounts:
Not Permitted
GMT time difference:
[MT4] Daylight saving time: ±2 hour, Winter time: ±2 hour
Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.


All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree