About Bybit

What is Bybit?

Bybit is a centralized cryptocurrency exchange (CEX) offering over 100 cryptocurrencies and over 100 derivatives contracts with over 5 million registered users. Founded in 2018 and headquartered in Singapore, the platform is one of the top five crypto derivatives trading platforms in the world.

Bybit offers a range of products including: spot trading, derivatives trading (USDT perpetual contracts, USDC perpetual contracts, reverse perpetual contracts, futures contracts, USDC options, leveraged tokens), the NFT marketplace, the Bybit Earn coin earning service, as well as cryptocurrencies and options purchasing services.

Who founded Bybit?

Bybit's founder and CEO is Ben Zhou, a graduate of the University of Pennsylvania who returned to China and worked for 7 years at XM, China's largest forex broker, before co-founding Bybit in 2018 to focus on crypto derivatives trading.

When was Bybit founded?

Bybit went live in March 2018 and is operational.

Where is Bybit headquartered?

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

Which countries restrict the use of Bybit?

Although Bybit is a platform for users from all over the world, its services are not available to users from the following countries or regions: the United States, Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and mainland China, among others.

What cryptocurrencies does Bybit support?

Bybit supports more than 100 cryptocurrencies and more than 300 spot pairs, including BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT and more.

What are Bybit's fees?

Bybit utilizes a Maker and Taker fee structure and is tiered based on user levels, including non-VIP, VIP 1-3, and Pro 1-3:
- non-VIP users:
- Spot trading: Pending/Eating fee is 0.10%
- Derivatives Trading: Pending Order Fee 0.01%, Order Taking Fee 0.06%
- Pro 3 users (advanced users):
- Spot trading: pending order fee 0%, order taking fee 0.02%
- Derivatives Trading: Pending Order Fee 0%, Order Taking Fee 0.03%

Handling fees will decrease as the user's trading volume and account level increase.

Does Bybit support leveraged or margin trading?

Yes, Bybit supports trading crypto derivatives with up to 100x leverage. Supported products include BTC/USD, ETH/USD, XRP/USD, EOS/USD and a variety of perpetual contracts. The platform also supports two margin modes, one for each position and one for the whole position, allowing users to trade inverse contracts, futures, options and leveraged tokens, among other products.