Complete Bybit Exchange Guide
Important Notice: Bybit is one of the world's fastest-growing cryptocurrency derivatives exchanges, known for its advanced trading tools and exceptional user experience. This guide will help you understand all of Bybit's features and services.
๐ข About Bybit
Founded in 2018, Bybit is headquartered in Singapore and has quickly become one of the leading cryptocurrency derivatives exchanges globally. The platform is committed to providing secure, reliable, and innovative trading solutions for users worldwide.
๐ Company Overview
| Item |
Details |
| Founded |
2018 |
| Headquarters |
Singapore |
| CEO |
Ben Zhou |
| Employees |
1500+ |
| Supported Regions |
160+ countries and territories |
| Daily Trading Volume |
Over $5 billion USD |
๐ฐ Trading Fees Breakdown
๐ Spot Trading Fees
Bybit uses a tiered fee structure based on 30-day trading volume and BIT token holdings:
๐ก Fee Optimization Tip: Hold BIT tokens and use them to pay trading fees for additional discounts!
| VIP Level |
30-Day Volume (USDT) |
BIT Holdings |
Maker Fee |
Taker Fee |
| VIP 0 |
< 50,000 |
โฅ 0 |
0.10% |
0.10% |
| VIP 1 |
โฅ 50,000 |
โฅ 1,000 |
0.08% |
0.10% |
| VIP 2 |
โฅ 200,000 |
โฅ 2,500 |
0.07% |
0.09% |
| VIP 3 |
โฅ 750,000 |
โฅ 5,000 |
0.06% |
0.08% |
๐ Derivatives Trading Fees
| Trading Type |
Maker Fee |
Taker Fee |
Notes |
| USDT Perpetual |
0.01% |
0.06% |
Standard rates |
| Inverse Perpetual |
0.01% |
0.06% |
Varies by coin |
| VIP Users |
Lower fees |
Lower fees |
Additional discounts |
๐ฏ Money-Saving Secret: Using BIT tokens to pay trading fees can provide up to 20% discount, and higher VIP levels get even better rates!
๐ช Supported Cryptocurrencies
Bybit supports trading of over 300 cryptocurrencies, ranging from major coins to emerging projects:
๐ Major Cryptocurrencies (Top 10 by market cap)
| Coin |
Symbol |
Features |
| Bitcoin |
BTC |
Digital gold, most secure cryptocurrency |
| Ethereum |
ETH |
Smart contract platform, DeFi ecosystem core |
| BIT |
BIT |
Bybit ecosystem token, trading fee discounts |
| Ripple |
XRP |
Cross-border payment solution |
| Cardano |
ADA |
Research-based blockchain platform |
๐ Popular Altcoins
- Solana (SOL) - High-performance blockchain
- Polygon (MATIC) - Ethereum scaling solution
- Chainlink (LINK) - Decentralized oracle network
- Uniswap (UNI) - Decentralized exchange token
- Avalanche (AVAX) - High-speed, low-cost blockchain
โก Derivatives and Margin Trading
๐ฏ USDT Perpetual Contracts (Recommended for beginners)
| Feature |
Details |
| Maximum Leverage |
100x |
| Funding Rate |
Paid every 8 hours |
| Supported Coins |
200+ perpetual contracts |
| Margin |
USDT stablecoin |
๐ Inverse Perpetual Contracts (Suitable for long-term holders)
| Feature |
Details |
| Maximum Leverage |
100x |
| Settlement Method |
Quarterly delivery |
| Supported Coins |
BTC, ETH and major cryptocurrencies |
| Margin |
Respective cryptocurrency |
๐ Margin Trading
| Type |
Maximum Leverage |
Features |
| Cross Margin |
10x |
Shared risk, suitable for stable trading |
| Isolated Margin |
10x |
Isolated risk, suitable for aggressive strategies |
| Interest Rate |
From 0.01% daily |
Hourly interest, borrow and repay anytime |
โ๏ธ Comprehensive Pros and Cons Analysis
โ
Key Advantages
| Advantage |
Detailed Description |
| ๐ ๏ธ Advanced Derivatives |
Industry-leading derivatives trading with innovative products |
| ๐ฐ Competitive Fees |
Low trading fees with BIT token discounts |
| ๐ Strong Security |
Multi-signature wallets, cold storage, insurance fund |
| ๐ User-Friendly Interface |
Intuitive design suitable for both beginners and professionals |
| ๐ฅ 24/7 Support |
Multilingual support with fast response times |
| ๐ฑ Mobile Excellence |
Award-winning mobile app with full functionality |
โ Areas for Improvement
| Issue |
Impact Level |
Solution |
| โ๏ธ Regulatory Uncertainty |
Medium |
Monitor local regulations, choose compliant services |
| ๐ Peak Hour Latency |
Low |
Avoid trading during peak hours |
| ๐ค Product Complexity |
Low |
Start with basic features, learn gradually |
| ๐ Strict KYC Requirements |
Low |
Prepare identity documents in advance |
๐ Quick Account Setup Guide
๐ Step 1: Account Registration (5 minutes)
- ๐ Visit the official Bybit website bybit.com
- ๐ฑ๏ธ Click the "Sign Up" button in the top right corner
- ๐ง Enter your email address and secure password
- โ
Complete email verification (check spam folder)
๐ Step 2: Identity Verification (1-3 business days)
- ๐ท Upload clear photos of your ID document (front and back)
- ๐คณ Complete facial recognition verification
- โณ Wait for approval (usually 1-3 business days)
- ๐ฑ Receive approval notification
๐ Step 3: Security Setup (10 minutes)
- ๐ฑ Enable two-factor authentication (recommend Google Authenticator)
- ๐ Set fund password (different from login password)
- ๐ Link phone number (receive important notifications)
- ๐ง Set anti-phishing code (prevent fake emails)
โก Account Setup Tip: Use a referral code when registering for trading fee discounts, and complete all security settings immediately after registration!
๐ Trading Operation Guide
๐ฑ Spot Trading (Recommended for beginners)
- ๐ Login to Account: Use email/phone to login to Bybit
- ๐ฐ Deposit Funds: Transfer fiat or cryptocurrency to spot account
- ๐ฏ Select Trading Pair: Such as BTC/USDT, ETH/USDT, etc.
- ๐ Place Trade Order: Choose market order (execute immediately) or limit order (specified price)
- โ
Confirm Trade: Review order details and submit
โก Derivatives Trading (For advanced users)
- ๐ Open Derivatives Account: Complete risk assessment and identity verification
- ๐ธ Transfer Margin: Transfer USDT or other coins from spot account
- ๐ Select Contract: Perpetual contracts (no expiry) or delivery contracts (with expiry)
- โ๏ธ Set Leverage: 1-100x leverage, beginners should start with low leverage
- ๐ Place Trade Order: Long (price increase) or Short (price decrease)
โ ๏ธ Risk Warning: Derivatives trading carries high risk and may result in total margin loss. Recommend practicing in demo environment first!
๐ก๏ธ Security Protection System
Bybit implements bank-grade multi-layered security architecture to provide comprehensive protection for user assets:
๐ฐ Fund Security
| Security Measure |
Protection Level |
Detailed Description |
| ๐ง Cold Storage |
โญโญโญโญโญ |
95% of user funds stored in offline cold wallets, inaccessible to hackers |
| ๐ก๏ธ Insurance Fund |
โญโญโญโญโญ |
Emergency insurance fund protects user assets |
| ๐ Multi-Signature |
โญโญโญโญ |
Critical operations require multiple signature confirmations, preventing single points of failure |
๐ Account Security
- ๐ Two-Factor Authentication: Google Authenticator + SMS verification for dual protection
- ๐ฑ Device Management: Real-time view of login devices, one-click removal of suspicious devices
- ๐ฃ Anti-Phishing Code: Personalized email identification, preventing phishing attacks
- ๐ IP Whitelist: Restrict access from specific IP addresses, enhance account security
โก Risk Management
- ๐๏ธ Real-Time AI Monitoring: 24/7 intelligent monitoring of suspicious trading and login behavior
- ๐ค Automated Risk Control: Smart risk control system automatically identifies abnormal operations
- ๐ Regular Audits: Regular security audits by renowned international security firms
๐ง Customer Support Services
๐ Multi-Channel Support
| Support Method |
Response Time |
Use Cases |
Service Quality |
| ๐ฌ Live Chat |
Instant response |
Urgent issues, real-time consultation |
โญโญโญโญโญ |
| ๐ง Ticket System |
Within 24 hours |
Complex issues, complaints and suggestions |
โญโญโญโญ |
| ๐ Help Center |
Self-service |
FAQ, operation guides |
โญโญโญโญโญ |
| ๐ฅ Community Forum |
Community support |
Experience sharing, technical discussions |
โญโญโญโญ |
| ๐ฑ Official Social Media |
Real-time updates |
Announcements, market updates |
โญโญโญโญ |
๐ Multilingual Service
Supports 20+ languages, including:
- ๐บ๐ธ English
- ๐จ๐ณ ไธญๆ๏ผ็ฎไฝ/็นไฝ๏ผ
- ๐ฏ๐ต ๆฅๆฌ่ช
- ๐ฐ๐ท ํ๊ตญ์ด
- ๐ป๐ณ Tiแบฟng Viแปt
- ๐ช๐ธ Espaรฑol
- ๐ซ๐ท Franรงais
๐ฑ Mobile App Experience
The Bybit mobile app has been downloaded over 30 million times and consistently ranks high in finance app categories:
๐ Core Features
| Feature Module |
Function Description |
User Rating |
| ๐ Complete Trading |
Supports spot, derivatives, options and all trading functions |
โญโญโญโญโญ |
| ๐ Biometric Authentication |
Fingerprint/face recognition login, secure and convenient |
โญโญโญโญโญ |
| ๐ Smart Alerts |
Price alerts, trade notifications, important news push |
โญโญโญโญ |
| ๐ถ Offline Features |
View positions, trading history available offline |
โญโญโญโญ |
| ๐จ Personalized Interface |
Dark/light themes, customizable layout |
โญโญโญโญ |
๐ฅ Download Options
- iOS: Search "Bybit" on App Store
- Android: Google Play or download APK from official Bybit website
- Huawei: Huawei AppGallery
๐ก Usage Tip: Recommend downloading from official channels to avoid fake apps that could lead to asset loss!
๐ Learning Resources and Development
๐ Bybit Academy (Completely Free)
| Course Type |
Course Content |
Target Audience |
Study Time |
| ๐ฐ Basic Courses |
Blockchain basics, wallet usage, security knowledge |
Complete beginners |
2-4 hours |
| ๐ Advanced Trading |
Technical analysis, risk management, trading strategies |
Users with basic knowledge |
5-10 hours |
| ๐ฌ Deep Research |
DeFi, NFT, Web3, Metaverse |
Professional investors |
10+ hours |
| ๐ Certification Courses |
Official certificates, enhance professionalism |
All users |
20+ hours |
๐ ๏ธ Professional Trading Tools
- ๐ TradingView Charts - Professional technical analysis tools with 100+ technical indicators
- ๐ค API Interface - Support for algorithmic trading development and quantitative strategies
- ๐ฎ Demo Trading - 100,000 USDT virtual funds, risk-free practice environment
- ๐ฑ Trading Bots - Grid trading, DCA and other automated strategies
- ๐ Market Data - Real-time quotes, depth charts, money flow analysis
๐ Community Activities
- ๐ค AMA Sessions: Weekly live dialogues with famous project teams
- ๐ Trading Competitions: Monthly trading contests with prizes up to 1 million USDT
- ๐ Airdrop Events: Free distribution of new project tokens, early participation opportunities
- ๐ Online Webinars: Famous analysts share market insights and trading techniques
๐ก Learning Suggestion: Beginners should complete Bybit Academy basic courses and master fundamental knowledge before starting actual trading!
๐ฏ Summary and Evaluation
Bybit, as a leading global cryptocurrency derivatives exchange, has earned the trust of over 30 million users worldwide with its outstanding comprehensive strength:
๐ Core Advantages Summary
| Aspect |
Rating |
Highlights |
| ๐ฐ Fee Cost |
โญโญโญโญโญ |
Competitive rates with BIT token discounts |
| ๐ Security |
โญโญโญโญโญ |
Insurance fund + cold storage, bank-grade security |
| ๐ ๏ธ Product Diversity |
โญโญโญโญโญ |
Spot, derivatives, DeFi, comprehensive coverage |
| ๐ฅ User Experience |
โญโญโญโญโญ |
User-friendly interface, excellent mobile experience |
| ๐ง Customer Service |
โญโญโญโญ |
24/7 multilingual support, timely response |
| ๐ Educational Resources |
โญโญโญโญโญ |
Free Bybit Academy courses, rich content |
๐ฏ Suitable Users
- โ
New Investors: User-friendly interface, rich educational resources, comprehensive risk warnings
- โ
Professional Traders: Complete tools, comprehensive API, sufficient liquidity
- โ
Institutional Users: VIP services, large trade support, compliance assurance
- โ
Global Users: Multilingual support, localized services, regulatory compliance
๐ก Usage Recommendations
- New Users: Complete identity verification โ Learn basic courses โ Practice spot trading with small amounts
- Advanced Users: Open derivatives account โ Practice demo trading โ Build risk management strategies
- Professional Users: Apply for VIP level โ Use API interface โ Participate in liquidity mining
๐ Take Action Now: Click to register Bybit account, use referral code for trading fee discounts, start your digital asset investment journey!
โ ๏ธ Investment Reminder: Digital asset investment carries risks. Please invest reasonably according to your risk tolerance, avoid blind following or excessive leverage.
Disclaimer: Cryptocurrency trading involves high risk. Please invest carefully based on your own situation. This article is for reference only and does not constitute investment advice.
