Bybit has rapidly emerged as one of the most trusted cryptocurrency exchanges globally, especially among traders focused on derivatives and leveraged trading. Since its launch in March 2018—with official operations beginning in February 2019—Bybit has attracted over 100,000 users within just two years, establishing itself as a leading platform for Bitcoin and crypto trading.
Registered in the British Virgin Islands and headquartered in Singapore, Bybit serves traders from key regions including North America, Europe, Russia, Japan, South Korea, and Southeast Asia. While initially known for its robust perpetual contracts and high-leverage trading, Bybit has expanded its offerings to include spot trading, its native token BIT, and launch platforms such as Bybit Launchpad and Launchpool, positioning itself as a strong competitor to major exchanges like Binance, OKX, and KuCoin.
Key Features of Bybit
Bybit stands out due to its user-centric design and powerful trading infrastructure. Here are the main advantages that make it a top choice:
- Intuitive interface – Easy to navigate for beginners and advanced traders alike
- Fast execution speed – Low-latency matching engine ensures timely trades
- 24/7 customer support – Responsive assistance via live chat and email
- Multi-language support – Includes Vietnamese, English, Chinese, and more
- No mandatory KYC for basic trading – Users can start trading without identity verification
- Low trading fees – Competitive 0.1% fee for both maker and taker orders
- Comprehensive API access – Ideal for algorithmic and automated trading strategies
👉 Discover how to maximize your trading potential with advanced tools on a secure platform.
Bybit Trading Fees Overview
Understanding fee structure is crucial for profitable trading. Bybit offers one of the most transparent and cost-effective models in the industry.
- Deposit fees: Free for all cryptocurrencies
- Withdrawal fees: Vary by coin (e.g., BTC, ETH, USDT), based on network congestion
Trading fees:
- Maker fee: 0.01% (rebate)
- Taker fee: 0.06%
Users can further reduce fees by joining the VIP program, which offers tiered discounts based on 30-day trading volume and/or BIT token holdings.
How to Register on Bybit: Step-by-Step Guide
Creating an account on Bybit is simple and takes only a few minutes.
Step 1: Sign Up via Email
- Visit the official Bybit website.
- Click "Sign Up".
- Enter your email address and create a strong password.
- Agree to the terms and click "Continue".
⚠️ Note: If you're in a region not listed in Bybit’s restricted countries (including Vietnam), select "No" when prompted to confirm your location.
Step 2: Verify Your Email
- Check your inbox for a verification code from Bybit.
- Enter the 6-digit code to confirm your email address.
Step 3: Enable Two-Factor Authentication (2FA)
Security is critical. Follow these steps:
- Go to Account & Security > Two-Factor Authentication.
- Choose Google Authenticator.
- Scan the QR code using the Google Authenticator app or manually enter the provided key.
- Input the generated 6-digit code and confirm.
🔐 Always save your recovery key in a secure place.
Step 4: Change Password (Optional but Recommended)
For added security:
- Navigate to Account & Security > Login Password.
- Enter your current password, then set a new one.
- Confirm with your 2FA code.
How to Complete KYC Verification
Although not required for basic trading, completing KYC unlocks higher withdrawal limits and access to additional services.
Steps:
- Go to Profile > Identity Verification.
- Select Vietnam as your country.
- Choose your document type: National ID, Passport, or Driver’s License.
- Upload clear photos of both sides of your ID.
- Perform facial verification by rotating your head in a circular motion using your device’s camera.
- Submit and wait for approval (usually within minutes).
Once verified, you’ll receive a confirmation message.
How to Deposit and Withdraw Funds
Depositing Crypto
- Click Assets > Deposit.
- Select the cryptocurrency you wish to deposit (e.g., BTC, ETH, USDT).
- Copy the unique deposit address or scan the QR code.
- Transfer funds from your external wallet.
✅ Ensure you use the correct network (e.g., ERC-20, BEP-20) to avoid loss of funds.
Withdrawing Crypto
- Click Assets > Withdraw.
- Choose the coin and network.
- Paste your external wallet address.
- Enter the amount.
- Confirm with 2FA.
Withdrawal processing time varies depending on blockchain congestion.
👉 Learn how to securely manage your digital assets with real-time monitoring tools.
How to Trade on Bybit
Bybit supports multiple order types across spot and derivatives markets:
- Limit Order: Set a specific price for buying or selling.
- Market Order: Execute immediately at current market price.
- Conditional Order: Trigger orders based on predefined conditions (e.g., stop-loss, take-profit).
The platform excels in margin trading, offering leverage up to 100x on perpetual contracts. Traders can go long (buy) or short (sell) based on market predictions.
Trading interface highlights:
- Real-time price charts
- Order book depth
- Position management panel
- Risk limit controls
How to Get Your Bybit Referral Link
Earn passive income by inviting others to trade:
- Click the Profile icon > Referral Program.
- Copy your unique referral link or code (e.g., LGKMQV).
- Share it with friends or online communities.
You’ll earn a percentage of their trading fees—forever.
How to Participate in Bybit Launchpad
Bybit Launchpad allows users to invest in new crypto projects before they list publicly.
Steps:
- Navigate to Discover > Launchpad.
- Check active or upcoming projects.
- Stake USDT or BIT tokens to participate.
- Receive new tokens upon project launch.
This feature offers early access to high-potential blockchain innovations.
Frequently Asked Questions (FAQ)
Q: Is Bybit safe and legal?
A: Yes, Bybit employs military-grade encryption, cold storage for assets, and regular security audits. It operates legally in many jurisdictions outside restricted regions.
Q: Do I need KYC to trade on Bybit?
A: No, basic trading doesn’t require KYC. However, verification increases withdrawal limits and enables fiat deposits.
Q: What is the maximum leverage on Bybit?
A: Up to 100x on certain perpetual contracts, depending on the asset and risk settings.
Q: Can I use Bybit in Vietnam?
A: Yes, Vietnamese users can register and trade without issues by selecting “No” during location confirmation.
Q: Does Bybit offer spot trading?
A: Yes, spot trading is fully supported alongside futures, options, and copy trading features.
Q: How fast are withdrawals processed?
A: Most withdrawals are processed within 1–30 minutes, depending on network traffic.
Final Thoughts
Bybit continues to innovate and expand its ecosystem, making it a reliable choice for both novice and professional crypto traders. With strong security measures, low fees, powerful trading tools, and user-friendly design, it’s well-positioned as a top-tier exchange in 2025.
Whether you're interested in high-leverage futures, spot trading, or participating in new token launches, Bybit provides everything you need in one integrated platform.
👉 Start your journey today on a trusted exchange with powerful tools and deep liquidity.