Bybit Review 2026
Registered exchange with real regulatory records.
Bybit is a crypto exchange founded in 2018. It holds a VARA registration on the public register.
The record
On file, Bybit traces to 2018, with its operating base recorded in Dubai, United Arab Emirates. Ownership is private, and no equity trades on a public exchange. The order book covers 600 coins and trading pairs, spanning spot and, where a jurisdiction permits, derivatives. The mandate stays inside crypto, spot and derivatives, nothing more.
Execution runs through Bybit's own web, mobile and API stack. A copy layer sits on top, mirroring the trades of selected accounts for those who want it.
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategic
| Founded | 2018 |
| Headquarters | Dubai, United Arab Emirates |
| Listed coins | 600 |
| Exchange type | Centralized (CEX) |
| CoinGecko trust score | 0/10 · global rank #460 |
| Platforms | Web, iOS, Android, Desktop, API |
| Copy trading | Yes |
| Official channels | Twitter/X · Telegram · Reddit |
Custody & proof
Dubai's VARA is a dedicated virtual-asset regulator. Licensed exchanges must meet custody, capital, governance and market-conduct standards written specifically for crypto.
| Regulator | Licence | Entity |
|---|---|---|
| VARA | Registered ✓ | Bybit |
| MiCA CASP | Registered ✓ | Bybit EU GmbH |
Cross-check the VARA entry yourself at www.vara.ae. Each record returns the licensed entity, its current authorisation state, and the exact activities it is cleared to run, a lookup that costs about a minute.
Fee schedule
The rates below are the standing fees on Bybit. Both sides of the book move with your rolling 30-day volume, and holders of the venue's native token typically settle at a discount.
| Taker fee | 0.1% |
| Maker fee | 0.00% |
| BTC/USD trading fee | 0.1% |
| ETH/USD trading fee | 0.1% |
| Withdrawal cost | Network fee only (varies by coin) |
At 0.1%, the Bybit taker fee reads as one of the sharpest posted by any registered venue of this size.
Withdrawals, cost and timing
Fee: None. Bybit does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
No payout clears until identity checks are settled. An account still short of full verification, identity and address on file, will see the timeline stretch. Once a record is complete, payouts track the figures above.
Minimum deposit, entity by entity
What you must fund to open depends on which Bybit entity your country routes to. Offshore books tend to set the bar lower, in exchange for thinner regulatory cover.
| Entity | Regulator | Min deposit | Max leverage |
|---|---|---|---|
| Bybit | VARA · Registered | None | 1:25 |
| Bybit EU GmbH | MiCA CASP · Registered | None | 1:5 |
Bybit vs Coinbase
| Bybit | Coinbase | |
|---|---|---|
| Primary regulator | VARA Registered | FinCEN MSB Registered |
| Min deposit | None | None |
| Taker fee | 0.1% | 0.6% |
| Listed coins & pairs | 600+ | 250+ |
| Copy trading | Yes | No |
| Withdrawal fee | None | Varies |
Both records check out as registered venues. The case for Bybit rests on its copy and social layer; Coinbase pulls ahead where a trader weighs the reach of its specific licensed entities more heavily.
Registrations on file
| VARA | Registered, Bybit |
| MiCA CASP | Registered, Bybit EU GmbH |
For retail accounts across the EU and UK, leverage on crypto derivatives is held to 1:25 by local rule.
Strengths and weak points
What works
- VARA regulated, Bybit
- No minimum deposit
- Copy trading available
- No inactivity fee
- Low taker fee from 0.1%
- 600+ coins & trading pairs
What does not work
The verdict
The records place Bybit as a registered, operating crypto exchange, VARA Registered confirms on the public file. The best fit is traders drawn to the social and copy layer. Score: 4.0 out of 5.
Alternatives to Bybit
Should Bybit miss the mark, the registered venues below are worth setting side by side:
Frequently asked questions
Is Bybit safe?
Dubai's VARA is a dedicated virtual-asset regulator. The VARA record sits on the official register in public view, open to anyone who wants to confirm it.
What is the Bybit minimum deposit?
None covers the primary regulated entity. Offshore books can set a different bar, so the entity table above is the place to read the figure that applies to your country.
What is the Bybit trading fee?
On the record, Bybit charges about 0.1% to take and 0.00% to make. The schedule tapers as 30-day volume climbs, and native-token holders usually clear at a reduced rate.
How long does Bybit take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does Bybit charge withdrawal fees?
None. Bybit does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Bybit have an API?
Yes. Beyond its web and mobile front ends, Bybit exposes a public REST and WebSocket API, the hook for automated strategies, custom bots, and outside portfolio tools that read from an account.