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About Bybit

What is Bybit?

Bybit is a centralized exchange (CEX) that shelves over 100 cryptocurrencies and over 100 crypto derivatives contracts. It has more than 5 million registered users. The exchange was launched in Singapore in 2018. It is one of the top 5 crypto derivatives exchanges in the world. The platform offers the following products: Spot, Derivatives (USDT Perpetual, USDC Perpetual, Reverse Perpetual, Futures, USDC Options, Leveraged Tokens), NFT Marketplace, Bybit Earn, Cryptocurrency & Options Purchase.

Who are the founders of Bybit?

It was founded by founder and CEO Ben Zhou. After graduating from the University of Pennsylvania, Zhou returned to China and spent 7 years at XM, one of the largest forex brokers in China, and in 2018 he co-founded Bybit, a crypto derivatives exchange.

When did Bybit launch?

Bybit launched in March 2018.

Where is Bybit located?

The company is registered in the British Virgin Islands under the name Bybit Fintech Limited. It is headquartered in Singapore and has offices in Hong Kong and Taiwan.

Countries with restricted access to Bybit

The global platform is available to customers around the world, except for countries with service restrictions such as the US, Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and mainland China.

What currencies does Bybit support?

Bybit supports over 100 listed cryptocurrencies and 300+ spot pairs. These include many major tokens such as BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT, and more.

What are the fees for Bybit?

Bybit uses a tiered fee structure based on the pending order - eat order model. The various tiers include: non-VIP, VIP 1, VIP 2, VIP 3, Pro 1, Pro 2, Pro 3. For non-VIP tier users, the pending order taking fee is 0.10% for spot trades, 0.06% for permanent and futures trades, and 0.01% for pending orders. For Pro 3 level users, the order taking fee is 0.02% and the pending order fee is 0% for spot trades, and 0.03% and 0% for derivatives trades.

Can I trade with leverage or margin on Bybit?

The exchange offers up to 100x leverage on crypto derivatives products. Products offered include BTC/USD, ETH/USD, XRP/USD, EOS/USD, and a variety of perpetual contracts. Users can also use position-by-position margin and full margin models. In addition, clients can also use features such as reverse perpetual contracts, crypto futures, cryptocurrency options and leveraged tokens.