Cryptocurrency trading has evolved into a dynamic and accessible financial frontier, and platforms like Bybit have become central to this transformation. With over 20 million registered users and an average daily trading volume exceeding $10 billion, Bybit ranks among the world’s top-five crypto exchanges by 24-hour volume — a status confirmed by trusted industry trackers like CoinGecko and CoinMarketCap.
Headquartered in Dubai and regulated by leading authorities including the Virtual Assets Regulatory Authority (VARA) in Dubai, the Cyprus Securities and Exchange Commission (CySEC), and Kazakhstan’s Astana Financial Services Authority, Bybit operates legally in more than 160 countries. It supports 390 cryptocurrencies and offers access to 484 trading pairs, making it a robust platform for both newcomers and seasoned traders.
This comprehensive guide walks you through everything you need to start trading on Bybit — from account creation and funding options to executing your first trade and understanding fees. Whether you're exploring spot trading, derivatives, or copy trading, we’ll help you navigate with clarity and confidence.
Getting Started with Bybit Trading
Starting your journey on Bybit is simple and intuitive. The platform offers two straightforward methods to create an account:
- Using your email address
- Using your mobile phone number
To begin, click the “Sign Up” button located at the top-right corner of the Bybit homepage. Choose your preferred registration method and enter the required details. While referral codes can be added, they’re optional.
After submission, you’ll receive a verification code:
- Email sign-up: Code sent via email
- Phone sign-up: Code delivered as an SMS
Once verified, you gain immediate access to the Bybit ecosystem.
Why Account Verification (KYC) Matters
As a centralized exchange, Bybit complies with global anti-money laundering (AML) regulations through a Know Your Customer (KYC) process. Completing KYC unlocks full platform functionality.
Bybit uses a two-tier verification system:
- Level 1 KYC: Required for all users. Grants daily withdrawal limits up to 1 million USDT but does not include access to the Bybit Card.
- Level 2 KYC: Increases withdrawal limits to 2 million USDT per day and enables use of the Bybit Card.
Completing KYC enhances security, expands trading capabilities, and ensures compliance across jurisdictions.
How to Log In to Your Bybit Account
After registration, logging in is quick:
- Password Login: Enter your credentials, then confirm identity with a code sent via SMS or email.
- QR Code Login (web only): If already logged into the mobile app, scan the QR code on the web login page for instant access.
This dual-login approach adds convenience without compromising security.
Funding Your Bybit Account
Bybit supports multiple ways to fund your account, catering to different preferences and regional availability.
Deposit Cryptocurrency
Transferring crypto from an external wallet or another exchange is one of the most common methods. Key points to remember:
- Only chains listed on Bybit’s asset page are supported.
- Smart contract transfers are not allowed — only direct transfers.
- For tokens requiring a memo/tag (e.g., XRP, XEM), ensure accurate entry to avoid permanent loss.
Web Deposit Steps:
- Go to Assets > Deposit
- Select the cryptocurrency (e.g., Bitcoin, Ethereum)
- Choose the correct blockchain network
- Copy the deposit address or scan the QR code
- Send funds from your external wallet
Funds typically arrive within minutes, depending on network congestion.
Mobile App Deposit:
- Tap Assets at the bottom right
- Select Deposit
- Pick currency and chain
- Use QR code or copy address
Deposits go to your funding account by default.
Buy Crypto with Fiat Currency
You can purchase crypto directly using fiat money. Bybit supports over 50 fiat currencies, including USD, EUR, GBP, AUD, and AED.
Available purchase channels:
Credit/Debit Card
Fast, secure, and user-friendly — purchases complete in under five minutes.
| Card Issuer | Region | Fee |
|---|---|---|
| Visa | EU | 1.1% |
| Visa | Non-EU | 3.05% |
| Mastercard | Non-EU | 2.7% |
Minimum transaction: $10
Maximum per transaction: $10,000
Transaction limits scale with KYC level:
| Period | Level 1 | Level 2 |
|---|---|---|
| Daily | ≤ $20,000 | ≤ $50,000 |
| Weekly | ≤ $50,000 | ≤ $100,000 |
| Monthly | ≤ $100,000 | ≤ $250,000 |
Third-Party Payment Providers
Bybit partners with over eight third-party services (like Mercuryo, Simplex) that handle KYC and processing. You’ll be redirected to their site to complete the purchase.
P2P Trading
Peer-to-peer trading allows direct buying/selling of USDT using local payment methods — bank transfer, PayPal, Apple Pay, and more. There are no transaction fees, and prices are set by individual traders.
Best practices for P2P:
- Communicate clearly with counterparties
- Review seller/buyer ratings before trading
- Never share personal information
- Enable Two-Factor Authentication (2FA)
👉 Discover how easy it is to start trading with real-time tools and deep market access.
Placing Your First Trade on Bybit
Bybit offers diverse trading products suitable for all experience levels.
Understanding Order Types
An order instructs the platform to execute a trade under specific conditions.
Basic Orders:
- Market Order: Instant execution at current market price.
- Limit Order: Execute only at a specified price or better.
- Conditional Order: Activates when a trigger price is reached.
- Stop-Loss / Take-Profit: Automatically close positions at predefined levels to manage risk or lock in gains.
Advanced Orders:
- Iceberg Order: Hides large orders by splitting them into smaller chunks.
- One-Cancels-the-Other (OCO): Pair two conditional orders; one triggers, the other cancels.
- Post-Only: Ensures your order is placed as a maker — avoids taker fees.
- Reduce-Only: Closes part of a position without increasing exposure.
- Trailing Stop: Adjusts stop-loss dynamically as price moves favorably.
- TWAP & Scaled Orders: Spread large trades over time to minimize market impact.
These tools empower strategic, automated trading with precision.
Spot Trading Made Simple
Spot trading means buying or selling assets for immediate delivery at current prices — just like buying coffee beans at a store.
How to trade spot on Bybit:
- Click Trade > Spot Trading
- Select a trading pair (e.g., BTC/USDT)
- Choose order type and enter amount
- Confirm and execute
Real-time price charts and 24-hour change indicators help inform decisions.
Derivatives Trading: Futures & Perpetual Contracts
Bybit excels in derivatives with support for futures, options, and perpetual contracts — all with up to 100x leverage.
Steps to trade derivatives:
- Go to Derivatives
- Select contract type (e.g., USDT Perpetual)
- Pick asset via search or dropdown
- Choose collateral (stablecoin or crypto)
- Set order type, size, price, and leverage
- Click Buy/Long or Sell/Short
Risks of Leverage Trading:
- High volatility can amplify losses
- Margin calls may force liquidation
- External news/events can trigger sudden swings
⚠️ Leverage is powerful but risky — best suited for experienced traders.
Copy Trading: Follow Expert Strategies
Bybit’s copy trading feature lets beginners mirror successful traders automatically.
How it works:
- Navigate to Tools > Copy Trading
- Browse master traders and performance stats
- Click “Copy” on a profile
- Set investment (minimum: 50 USDT)
- Customize risk parameters
While convenient, remember:
- You inherit both wins and losses
- Past performance ≠ future results
- Over-reliance may hinder learning
Key Features That Enhance Your Trading Experience
Beyond core trading functions, Bybit offers advanced tools:
- Convert: Swap one crypto for another instantly.
- TradeGPT: AI-powered insights on trends, strategies, and technical analysis (not financial advice).
- MetaTrader 4 (MT4): Professional-grade platform for forex, CFDs, and crypto with automated trading support.
- Position Builder: Customize derivatives positions with real-time P&L tracking.
These integrations make Bybit a versatile hub for active traders.
Supported Cryptocurrencies
With support for 390 coins, including BTC, ETH, SOL, MATIC, DOGE, SHIB, and PEPE, Bybit caters to mainstream investors and meme coin enthusiasts alike.
🔔 Meme coins are highly speculative — invest cautiously.
Understanding Bybit Fees
Bybit uses a maker-taker fee model:
| 30-Day Volume | Taker Fee | Maker Fee |
|---|---|---|
| < $100K | 0.2000% | 0.1500% |
| ≥ $100K | 0.2000% | 0.1000% |
| ≥ $275K | 0.1500% | 0.1000% |
Higher volumes qualify for VIP tiers with reduced fees.
There are no deposit fees for crypto. Fiat purchases include card provider fees (as shown above). Withdrawal fees vary by asset.
Security Measures You Can Trust
Since its launch in 2018, Bybit has maintained a flawless security record — no breaches reported.
Key protections:
- Cold storage for 98%+ of user funds
- Multi-signature wallets + TSS + TEE technology
- Real-time fraud detection and risk monitoring
- Regular Proof of Reserves audits (publicly available)
Ranked among the top 10 exchanges with an AAA security rating by CER.live, Bybit prioritizes safety at every level.
Frequently Asked Questions (FAQ)
Q: Is Bybit available in the US or UK?
A: No — Bybit does not support users from the United States or United Kingdom due to regulatory restrictions.
Q: What is the minimum deposit on Bybit?
A: There is no minimum deposit for crypto transfers. For fiat purchases via card, the minimum is $10.
Q: Does Bybit charge withdrawal fees?
A: Yes — fees vary by cryptocurrency and network conditions. Check the withdrawal page for current rates.
Q: Can I lose more than I invest when using leverage?
A: No — Bybit uses an insurance fund system to prevent negative balances during liquidations.
Q: How do I contact customer support?
A: Support is available 24/7 via live chat within the app or website.
Q: Is copy trading safe for beginners?
A: It can be — but always research master traders’ history and risk profile before allocating funds.
Final Thoughts: Is Bybit Right for You?
Bybit combines ease of use with powerful trading tools — ideal for beginners stepping into crypto and experts seeking advanced functionality. Its clean interface, wide asset selection, strong security framework, and flexible funding options make it a standout choice in today’s competitive exchange landscape.
Whether you're interested in spot trades, leveraged positions, or automated copying of top traders, Bybit provides a reliable gateway into digital asset markets.
👉 Start your trading journey today with powerful tools and global market access.
Remember: Always do your own research (DYOR), start small, manage risks wisely, and never invest more than you can afford to lose.