Bybit Review (2026)
By Daan Haket · Researched and written with an AI assistant · who does what
Derivatives are the draw and the danger: leverage cuts both ways, and funding rates on perpetuals are a real recurring cost the fee table doesn't show. Throughout this review we weigh it against Binance.
active traders who want deep liquidity, low derivatives fees and a broad product range (spot, perps, options) with volume-tiered discounts.
you're a buy-and-hold beginner (a simple euro-native exchange is safer territory), or derivatives aren't available to you locally.
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Pricing (2026)
✓ Pricing re-verified 16 Oct 2026
No subscription — per-trade fees, re-verified 2026-10-16 against Bybit's own fee schedule, which still says it was last updated on 2 September 2026; the base VIP table below is unchanged since our 5 September reading. At VIP 0 (non-VIP): spot 0.1000% maker and 0.1000% taker; perpetuals and futures 0.0200% maker and 0.0550% taker; options 0.0200% maker and 0.0300% taker. The VIP ladder cuts those toward zero — at Supreme VIP spot is 0.0300% maker and 0.0450% taker, derivatives 0.0000% maker and 0.0300% taker, options 0.0050% and 0.0150%.
Note that the top derivatives maker rate is zero rather than a rebate: we found no negative maker fee in the published table. That base table is not the only one, and the others start higher: fiat-crypto spot pairs cost 0.2000% taker and 0.1500% maker under $100,000 of 30-day volume, the Spot Adventure Zone and xStocks 0.2000% both ways at VIP 0, and Pre-Market Perpetuals and the Innovation Zone 0.0400% maker and 0.1000% taker — so a new account trading the newest listings pays about double the headline rate.
Your VIP level is set by your asset balance, your 30-day average net borrowing or your trading volume over the past 30 days, whichever qualifies you higher, and it refreshes daily at 07:00 UTC. Bybit adds that actual rates can vary by region and points you to your own My Fee Rate page. Plans change — always verify the live price on their site.
Category context: Financial Operations. Across the 10 tools in this category that we researched with a public US-dollar price, the median entry price is about $26 a month (lowest paid plan as listed, per seat where the vendor prices per seat). Compare pricing conditions in the Software Cost Atlas →
Correction after re-checking: Bybit publishes no negative maker fee. The standard table runs from VIP 0 — 0.1000% maker and taker on spot, 0.0200% maker and 0.0550% taker on Perpetual & Futures — down to Supreme VIP, whose Perpetual & Futures maker rate is 0.0000% and whose Options maker rate is 0.0050%. That is zero, not a rebate. The Pro Users & Market Makers tab ends at the same floor: Pro 6 pays 0.0000% maker on derivatives across all five symbol groups. That tab does use rebate wording — it describes Group 1 as carrying "adjusted Maker rebates" and Groups 4-5 as carrying "increased Maker rebates" — but it attaches no rate below 0.0000% to any group. The only rebate percentage Bybit publishes sits outside both tables, in the Market Maker Incentive Program, which the fee page describes as "up to 0.01% maker fee rebate" and which requires a separate application. A rebate figure is therefore something you apply for, not a number any fee tier hands you. Note also that Bybit states actual rates may vary by region and directs users to their own My Fee Rate page. (re-verified 31 Jul 2026)
The honest knock
Regulation-wise, check what Bybit may offer in YOUR jurisdiction before funding an account — availability and product range differ per country, and that's the part most fee comparisons skip.
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What Bybit does
Crypto exchange covering spot, perpetuals and options. No subscription — spot is 0.1% maker and taker for non-VIP, derivatives around 0.02% and 0.055%, with volume tiers cutting lower.
What buyers report about Bybit
Hands-on: not tested by usReported by buyers: Trustpilot, app stores and exchange reviews, read August 2026
Themes from the buyer-review sites listed at the foot of this page, read in August 2026. We have not run Bybit ourselves, so this is other buyers' experience rather than ours. We summarise it here because the complaints are usually the part a vendor page leaves out.
- • The app is rated 4.7 on the App Store and 4.5 on Google Play — speed and features are what active traders name.
- • After the February 2025 hack of $1.5 billion, Bybit covered every customer loss from its own liquidity and has published monthly proof-of-reserves since.
- • 2.6 out of 5 across 7,589 Trustpilot reviews (read 25 August 2026). The theme is access to your own money.
- • Account freezes with funds locked for weeks or months after full KYC, answered with template replies.
- • Deposits stuck under review for 20+ days, and approved withdrawals not arriving at the bank.
- • Long KYC times and regional restrictions. Withdrawal fees run higher than Binance.
Where the ratings disagree. 4.7 in the app stores against 3.2 on Trustpilot. People rate the trading interface highly and the withdrawal experience poorly — those are two different products to the same customer.
Pages read (August 2026): Trustpilot
When the paid plan is worth it
There is no subscription to upgrade, so the only ladder here is the VIP one, and it is worth knowing how you climb it. Your level is set by either your asset balance or your trading volume over the past 30 days, whichever qualifies you higher. Meeting one of the two is enough. Re-read on Bybit's own fee schedule on 21 August 2026, a non-VIP account pays 0.1000% maker and taker on spot, 0.0200% maker and 0.0550% taker on perpetuals and futures, and 0.0200% and 0.0300% on options.
At Supreme VIP those fall to 0.0300% and 0.0450% on spot and 0.0000% maker and 0.0300% taker on derivatives. Note where the top ends: the published maker rate stops at zero rather than paying a rebate. Levels refresh daily and subaccounts inherit the main account's structure. What climbing does not touch is most of what the cost actually is. Withdrawal fees sit outside the table, funding rates on perpetuals are a recurring charge no tier reduces, and the complaint dominating public reviews is access to your own money rather than the price of a trade.
How to actually use Bybit
Bybit's own onboarding runs five steps: register with an email or phone number, complete Identity Verification, deposit crypto, buy crypto, then explore its beginner-recommended products. Step two is not optional. Bybit's KYC table marks crypto deposit, spot trading, derivatives and Earn as unavailable without verification, so an unverified account can only withdraw — capped at 20K USDT daily and 100K USDT monthly. Standard verification (identity assessment plus proof of identity) is what makes a first trade possible and raises the daily withdrawal ceiling to 1M USDT.
Bybit puts the check at about 15 minutes but says it can take up to 48 hours.
Distilled from Bybit help center: onboarding walkthrough, KYC benefits table, individual KYC FAQ, and the trading fee structure article (both tabs). Re-checked 16 October 2026 on bybit.com/en/help-center: the trading fee structure article (still dated 2 September 2026), Service Restricted Countries (updated 16 October 2026), the individual KYC FAQ, and How to Delete An Account (updated 9 October 2026).
Common Bybit setup mistakes
Where Bybit setups actually go wrong, and what it costs you when they do. Same sources as the setup notes above — not from a walkthrough we ran ourselves.
Nearly all the friction sits in that one step.
- Bybit does not accept scans or e-copies of ID documents, only physical originals; proof of address for Advanced verification must be dated within the last three months; and eligibility is decided by nationality, not current residence.
- Only one account per person can be verified, so retrying on a new email fails on duplicate ID detection.
Bybit vs Bitvavo, side by side
Each column shows the vendor’s own published entry price, read on the date shown. Entry prices can cover different services or units, so check what each one buys. We do not average them into a score.
Both names above are affiliate links: we may earn a commission if you sign up, at no extra cost to you. Neither changes what this table says.
The natural comparison is Bitvavo or Kraken — Bitvavo is the euro on/off-ramp specialist, Kraken the regulated all-rounder — Bybit wins on derivatives depth. Weigh it against Binance on the job you actually need done.
Frequently asked questions
What are Bybit's trading fees?
At the non-VIP level, read on their own fee schedule on 17 August 2026: spot is 0.1000% for both maker and taker; perpetuals and futures are 0.0200% maker and 0.0550% taker; options are 0.0200% maker and 0.0300% taker. Spot is where the cost is — it is roughly five times the derivatives maker rate.
How do I get lower fees, and how low do they go?
The VIP level is determined by your asset balance or your 30-day trading volume, whichever puts you higher, so you only need to meet one of the two. At the top published tier, Supreme VIP, spot falls to 0.0300% maker and 0.0450% taker and the derivatives maker rate reaches 0.0000%. Worth being precise about that last one: the published table stops at zero, so a maker at the top tier trades free rather than being paid a rebate.
Are the fees the whole cost?
No, and this is where the complaints live rather than on the fee card. Withdrawal fees are separate and reviewers report them running higher than Binance's, and the dominant theme in public reviews is not the price of a trade but access to your own money — account freezes and deposits stuck under review. Price the withdrawal, not just the trade.
Can I use Bybit where I live?
Check before you deposit. Bybit's Service Restricted Countries page (help center, last updated 16 October 2026, read the same day) lists excluded jurisdictions including the United States, the Chinese mainland, Hong Kong, Singapore, Canada, North Korea, Cuba, Iran, Uzbekistan, Crimea and the non-government-controlled parts of the Donetsk, Luhansk, Kherson and Zaporizhzhia regions, Sudan and Syria, plus persons in Seychelles, and Bybit reserves the right to add others. Its KYC FAQ says the restriction follows your nationality, not where you live now. If Bybit finds you misstated your location, it can close the account immediately and liquidate open positions.
What happens to my funds if I delete my Bybit account?
They go with it. Bybit's 'How to Delete An Account' article (last updated 9 October 2026, read 16 October 2026) says deletion permanently removes any remaining assets linked to the account, along with rewards and personal data, and cannot be undone; you also have to meet eligibility criteria before the self-service option works. Withdraw everything first, within the withdrawal limit of your verification level.
Is this a hands-on review of Bybit?
This is a researched assessment, not a hands-on test — where we've used a tool ourselves, we say so explicitly. We name what each tool is good and bad at, and we earn a commission only if you sign up, at no cost to you.
- Buyer reviews on Trustpilot, app stores and exchange reviews, read August 2026.
- Bybit’s own published pricing page.
Others in this category
Reviewed financial operations tools that share ground with Bybit — comparable in what they do, not drop-in swaps:
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