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ByBit Exchange Verdict
ByBit is one of the fastest-growing crypto exchanges in the world. It is best known for its deep liquidity in derivatives, low trading fees, and user-friendly copy trading platform. Perfect for both beginners and pro traders.
- ✓ Low Fees (Maker/Taker)
- ✓ No KYC for small withdrawals
- ✓ High-performance Trading Engine
Get up to $30,000 Bonus
Finding a reliable crypto exchange can be tough. In this review, we analyze ByBit’s security, fee structure, and features to help you decide if it’s the right platform for you.
👍 Pros
- + Very low trading fees (0.1%)
- + Professional trading interface
- + Great mobile app (iOS/Android)
- + Copy Trading feature available
👎 Cons
- – Not available in the USA
- – Fiat withdrawal options are limited
- – Support can be slow during high volume
ByBit Key Features
| Founded | 2018 |
| Headquarters | Dubai, UAE |
| Fees (Spot) | 0.1% Maker / 0.1% Taker |
| Deposit Methods | Credit Card, P2P, Crypto Transfer, SEPA |
| US Customers? | No |
Security & Regulation: Is ByBit Safe?
ByBit stores the majority of user funds in cold storage wallets (offline), which makes it very difficult for hackers to access. They also provide Proof of Reserves…
Fees Explained
Compared to Coinbase or Kraken, ByBit offers significantly lower fees…
Frequently Asked Questions
Is ByBit legit?
Yes, ByBit is a legitimate exchange with millions of users worldwide and headquarters in Dubai.
Does ByBit require KYC?
ByBit recently updated their policy. Mandatory KYC is required for most services.