Bybit Review (2026)

Exclusive deal: 10% discount on fees + $20 or $40 free crypto + up to $30k bonus

You will receive a 10% discount on all fees on top of the standard bonuses. This is an exclusive deal and the discount will be credited as a cashback. On top of that you will receive a $20 crypto credit when you deposit $100 or $40 when you deposit at least $400.

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What is Bybit?

Bybit was launched in March 2018 and has since grown into the second largest cryptocurrency exchange in the world by trading volume. The company is headquartered in Dubai and has offices in Amsterdam, Vienna and other locations across the globe. With 74 million users, Bybit processes enormous trading volumes with a 99.99% uptime.

The platform originally gained popularity through its derivatives trading with leverage up to 100x. Over time, Bybit has expanded into a full ecosystem offering spot trading, Earn products, a crypto debit card, copy trading, trading bots, AI tools and much more.

Bybit caters to both beginners and experienced traders. The simple interface makes it easy to buy and sell crypto, while the advanced interface provides professional-grade charting, order types and trading tools. A demo environment is also available so you can explore the platform without risking real funds.

Customer support is available 24/7 via live chat on the website. CEO Ben Zhou is known for his transparent communication, including through social media.

The Bybit hack of February 2025

On 21 February 2025, Bybit was hit by the largest cryptocurrency hack in history. The North Korean Lazarus Group stole approximately $1.5 billion in Ethereum (around 401,000 ETH) from a cold wallet on the platform.

The attack was not a direct hack of Bybit’s systems. Hackers had compromised a developer at Safe{Wallet} (the third party for multi-signature transactions) and injected malicious code into the interface. Bybit employees saw what appeared to be a legitimate transaction, while funds were actually being sent to the hackers’ wallets. The FBI confirmed on 26 February 2025 that North Korea was responsible.

Bybit’s response was remarkable:

• CEO Ben Zhou communicated transparently within hours
• Bybit remained solvent and covered all losses without any customer losing funds
• All withdrawals continued to function normally
• Nine independent security audits followed
• More than fifty new security measures were implemented
• A bounty programme was launched to recover stolen funds

The fact that no customer lost any money is a strong signal. At the same time, it is a reminder that even the largest exchanges are vulnerable to advanced cyberattacks.

How to create a Bybit account?

Creating an account on Bybit is straightforward. An email address or phone number is sufficient to get started. You will then go through a KYC verification (Know Your Customer) with your identity document. After verification, you can start trading immediately.

Bybit regularly offers promotions for new users. The current Bybit bonuses in 2026:

Up to $30,000 via Rewards Hub (Global)

On Bybit Global, new users can earn up to $30,000 by reaching deposit and trading volume targets through the Rewards Hub. The bonus tiers start from modest deposits and scale up to the highest tier requiring a $250,000 deposit and $150 million in trading volume.

EU bonuses: $40 free crypto credit

When opening a Bybit EU account through our link, you receive a top-up bonus:

• Deposit a minimum of $400 (or equivalent in euros/crypto) and receive $40 in USDT
• Deposit a minimum of $200 and receive $20 in USDT
• The credit can be used immediately to buy crypto

10% discount on trading fees

New users receive 10% off all trading fees for the first 30 days after signing up. The discount is paid as cashback after each trade.

Up to $5,000 Deposit Bonus (“Blast-Off”) for EU users

Bybit EU offers a tiered deposit bonus for new users. The more you deposit and trade, the higher the bonus. This programme is specific to the European platform.

Task-based bonuses

Through the Rewards Hub you can earn additional rewards by completing tasks:

• Complete KYC verification: $5
• First deposit: $10
• Complete specific trading tasks: up to $100
• 100 USDC Welcome Gifts for new users

Keep in mind that bonuses must be used for trading on the platform. The credit cannot be withdrawn directly. Only when you make profits with the bonuses can you withdraw them. A 14-day period applies to meet deposit and trading requirements. Deposits must remain in the account for at least 14 days.

How does Bybit work?

On Bybit you can buy, sell and trade cryptocurrency. On the global platform, you can deposit crypto directly or buy through P2P and card payments. EU users can deposit euros directly via various payment methods.

Payment methods

On Bybit Global, the primary way to fund your account is by depositing cryptocurrency from an external wallet. You can also buy crypto directly using a credit or debit card, or through P2P trading. If you don’t own crypto yet and are based in Europe, we recommend buying through Bitvavo for the lowest euro fees.

On Bybit EU, you have access to a wide range of European payment methods:

• SEPA bank transfer
• Wero
• Apple Pay and Google Pay
• PayPal
• Bancontact
• Visa and Mastercard

Transferring crypto to Bybit

If you already own crypto, you can easily send it to your wallet address on Bybit:

1. Log in to Bybit, go to Assets and click Deposit next to the desired coin
2. Your unique wallet address is generated
3. Go to your original wallet and select Withdraw or Send
4. Enter the amount and paste your Bybit address. Important: make sure you send the correct coin to the correct address. Mistakes can result in permanent loss of your crypto
5. Confirm the transaction

Trading fees

On Bybit you distinguish between makers and takers. A maker places an order in the order book (for example a limit order). A taker fills an existing order from the order book (for example a market order). Makers provide liquidity and therefore benefit from lower fees.

• On Bybit Global, trading fees start at just 0.10% for both makers and takers. Fees decrease further based on your 30-day trading volume and VIP level. Given the current Bitcoin price, even small fee differences can have a significant impact on your returns.
• On Bybit EU, trading fees are a maximum of 0.25% per transaction, with volume-based discounts available. Through our link, you receive 10% off all trading fees for the first 30 days.

Bybit EU also offers spot margin trading with leverage up to 10x. This is interesting for experienced traders who want to trade with borrowed capital. Note: margin trading amplifies both your potential gains and losses.

Bybit services

Beyond basic spot trading, Bybit offers a comprehensive ecosystem of products and services.

Futures and derivatives

Bybit is one of the most popular platforms for derivatives trading. On Bybit Global, you can trade perpetual and expiry futures with long or short positions and leverage up to 100x. The platform supports a wide range of trading pairs and is known for its speed and reliability during high-volatility periods.

On Bybit EU, futures are currently limited or disabled due to European regulations. Bybit EU GmbH has applied for a MiFID II licence through Bybit X GmbH at the Austrian FMA in September 2025. If approved, Bybit EU will be able to offer regulated futures and options to European users. Bybit expects the MiFID licence in March 2026.

Copy Trading

With Copy Trading, you can automatically replicate the trades of successful traders. You select a master trader based on their performance history, risk profile and strategy, and Bybit automatically mirrors their positions in your account. This is particularly popular among users who want exposure to active trading strategies without managing every trade themselves.

Trading Bots

Bybit offers automated trading strategies through its built-in trading bots. These include grid bots, DCA bots and other strategies that execute trades based on pre-set parameters. This allows you to trade 24/7 without constantly monitoring the markets.

TradeGPT

TradeGPT is Bybit’s AI-powered tool that analyses market data, social signals and trading patterns. It provides insights and suggestions to help inform your trading decisions.

Bybit Debit Card

Bybit offers a Mastercard debit card that lets you spend your crypto in everyday life. The card is free to apply for and already has more than 2 million users worldwide.

• 2% to 10% cashback on purchases
• 100% rebates on Netflix, Spotify, Amazon Prime, ChatGPT and TradingView
• Compatible with Apple Pay, Google Pay and Samsung Pay
• €100 free ATM withdrawal per month
• IBAN functionality expected in February 2026

You can then make payments at any shop that accepts Mastercard.

Recurring Buy

With Recurring Buy you can automatically purchase cryptocurrency at set intervals. This is ideal for Dollar Cost Averaging (DCA), a strategy where you periodically invest a fixed amount regardless of the price. This way you spread out your entry point and reduce the risk of bad timing.

Earn products

Bybit offers various Earn products that let you generate passive income on your crypto holdings. Depending on the product and the cryptocurrency, you can earn up to 15% interest per year on assets like Bitcoin, Ethereum, XRP and Tether. Options include flexible savings, fixed-term deposits and structured products.

Additional services

Bybit Global offers several more advanced products:

• Tokenized Stocks: trade stocks like Apple and Tesla as crypto pairs
• Mantle: an Ethereum Layer 2 network that Bybit helped build
• On-Chain Bybit: direct access to DeFi products from your account
• Private Wealth Management: for clients with more than $1 million in assets

Bybit EU: the European platform

For users in the EU/EEA, Bybit operates a dedicated European platform at bybit.eu. Bybit EU GmbH obtained a MiCA licence from the Austrian financial regulator (FMA) in May 2025, and the platform was launched in July 2025. If you reside in one of the 29 EU/EEA countries, you are automatically redirected to Bybit EU.

Key differences between Bybit Global and Bybit EU:

Bybit EU has its own order books and its own liquidity, separate from Bybit Global. This means that trading depth on the European platform may differ from the global platform. The offering of 140+ cryptocurrencies is more limited because all tokens are screened under MiCA regulations.

Bybit EU GmbH has applied for a MiFID II licence in September 2025 through Bybit X GmbH. If approved, the European platform will also be able to offer regulated futures and options. Bybit expects this licence in March 2026.

For European users, Bybit EU provides MiCA-regulated consumer protection that the global platform does not offer. The trade-off is a smaller selection of cryptocurrencies, higher fees (0.25% vs 0.10%) and limited access to derivatives and some advanced features.

Bybit compared to other exchanges (EU)

For European users, Bitvavo is the best choice if you want the largest selection (440+ cryptos), the deepest EUR order book and account protection up to €100,000. You receive €10 free with a €10 investment plus €10,000 in commission-free trading.

Bybit EU is interesting for those who want to use margin trading (10x), seek higher returns through Earn products or want to use the Bybit Card for everyday payments. If the MiFID II licence is approved, futures and options will also become available.

OKX is the best choice for those who want to participate directly in DeFi through the built-in Web3 wallet with access to more than 200,000 tokens.

Is Bybit reliable?

Bybit has been operational since 2018 and has grown to serve 74 million users worldwide. The platform holds various licences globally, including registrations in Dubai, Abu Dhabi and India. For European users, Bybit EU GmbH holds a MiCA licence from the Austrian FMA, enabling regulated crypto services across all EU/EEA countries.

The hack of February 2025 ($1.5 billion) is an important factor to consider. On one hand, Bybit’s response demonstrates that the company is solvent and transparent: all customers were fully compensated, nine independent audits followed and more than fifty new security measures were implemented. On the other hand, it is a reminder that no platform is 100% secure.

Reliability highlights:

• Second largest exchange worldwide with 74 million users
• 99.99% uptime since launch
• MiCA licence (Austrian FMA) for EU users
• Transparent communication by CEO Ben Zhou
• 24/7 customer support via chat
• Demo environment available to explore the platform
• All customers compensated after the 2025 hack
• MiFID II licence applied for further EU regulation

Points of attention:

• The 2025 hack shows that supply chain risks exist
• EU platform is relatively new (since July 2025)
• EU order books have less depth than Global
• Customer support is primarily in English
• EU offering (140+) is smaller than competitors like Bitvavo (440+)

Conclusion

Bybit is the second largest cryptocurrency exchange in the world and offers a comprehensive ecosystem of trading products. With 600+ cryptocurrencies, fees from 0.10%, futures with up to 100x leverage, copy trading, trading bots, TradeGPT and a crypto debit card, it is one of the most feature-rich platforms available.

For European users, Bybit EU provides a MiCA-regulated alternative with 140+ cryptocurrencies, Earn products up to 15%, margin trading up to 10x and the Bybit Card. The offering is more limited than Bybit Global, with higher fees (0.25% vs 0.10%) and restricted derivatives trading, but it comes with the consumer protection of EU regulation.

The transparent handling of the $1.5 billion hack in 2025 shows that Bybit takes security seriously, though it remains a warning signal. The applied MiFID II licence could make Bybit EU significantly more attractive in the future if futures and options become available.

Have you traded on Bybit and would you like to share your experience? You can do so via the rating form below.