No Regulation

Score

0123456789.01234567890123456789
/10

BYBIT

Canada

|

5-10 years

Suspicious Regulatory License|

High potential risk

https://www.bybit.com/

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

C

Influence Index NO.1

Russia 8.36

Exchange assets(USD)
$90,010,492,710.36
Influence
C

Exchange assets(USD)

$90,010,492,710.36

Exchange License

No effective regulatory information has been founded yet, please pay attention to the risks!

BYBIT Exchange Info

More
Company Name
BYBIT
Phone of the company
--
Customer Service Email Address
support@bybit.com

WikiBit Risk Alerts

2
Previous Detection 2024-12-23

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Trading charts for exchange assets

Update on 17:59:52

Asset:

$90,010,492,710.36 USD

CTB/WBNB

78.06%

BTC

6.73%

USDT

4.59%

ETH

1.68%

Others

8.94%

Tokens/Cryptocurrency

CTB/WBNB

0xf89d...5EaA40

BTC

bc1qa2...0qjg0e

USDT

0xA7A9...6eeD06

USDM

0xf89d...5EaA40

ETH

0x1Db9...2dFCF4

MSTR

0xf89d...5EaA40

USDe

0xA7A9...6eeD06

MNT

0xe1ab...B09215

BTC

bc1qs5...r2mf0f

USDT

TU4vEr...r7Pvaa

Quantity

Price

Value

6.495688537245842e+25

$0 USD

$70.2649b USD

53,371.12

$95,431.5715 USD

$5.0933b USD

2,802,605,553.92

$0.9993 USD

$2.8007b USD

1,346,567,643.93

$1.0001 USD

$1.3467b USD

396,346.77

$3,314.1663 USD

$1.3136b USD

170,000,000.00

$4.3738 USD

$743.5451m USD

450,000,008.00

$0.9992 USD

$449.6517m USD

335,994,166.00

$1.1814 USD

$396.9396m USD

3,660.80

$97,877.4434 USD

$358.3097m USD

356,022,186.57

$0.9993 USD

$355.775m USD

Trading statistics

Influence

Yesterday Vol

7 Days

Crypto
Price
Percentage

$ 8.7673b

$ 8.7673b

27.32%

$ 4.5373b

$ 4.5373b

14.14%

$ 1.9369b

$ 1.9369b

6.03%

$ 1.7336b

$ 1.7336b

5.4%

$ 1.3457b

$ 1.3457b

4.19%

$ 617.426m

$ 617.426m

1.92%

$ 456.304m

$ 456.304m

1.42%

$ 378.069m

$ 378.069m

1.17%

$ 350.812m

$ 350.812m

1.09%

$ 258.085m

$ 258.085m

0.8%

$ 248.757m

$ 248.757m

0.77%

$ 244.024m

$ 244.024m

0.76%

$ 219.126m

$ 219.126m

0.68%

$ 193.986m

$ 193.986m

0.6%

$ 190.17m

$ 190.17m

0.59%

BYBIT User Reviews

More

121 ratings

Participate in evaluation
Tyr6124
The trading interface of BYBIT is very intuitive and easy to use. Its innovative technology and secure wallet methods make me confident in its future potential. The customer service is also excellent and always able to quickly resolve my issues.
2024-06-30 02:25
2
Jayboy426
Bybit offers robust security features, including cold storage, multi-signature wallets, and 2FA, making it a reliable choice for users concerned about safety. Additionally, Bybit's customer support is available 24/7 via live chat, email, and social media, and supports multiple languages, which is a strong point for global users.The platform supports over 300 trading pairs and offers up to 125x leverage on certain . It also provides advanced trading tools and features like the Unified Trading Account, which allows for seamless management of multiple trading strategies. While these features are powerful, they may be overwhelming for beginners.Bybit's fee structure is competitive, especially for derivatives trading. Spot trading fees start at 0.1% for both makers and takers, with discounts available for VIP users. Withdrawal fees, such as 0.0002 BTC for Bitcoin, are below industry averages, making Bybit cost-effective for frequent traders.
2024-08-12 22:05
3
mrt10
very very very appreciated, good exchanger i never see like it
2023-12-25 02:57
9
Wina3434
Reliability is another key asset. Bybit promises to handle 100 trades per second (TPS), 24 hours a day with no downtime. Security has so far held to the “crypto ark” promise, as Bybit is one of the few exchanges to have never been hacked
2023-10-08 09:15
9
A叫兽!
The platform does not allow to withdraw and requires to pay the tax. After paying tax, it freezes the fund within the account due to risk-manage and requires to pay the margin.
2022-01-05 01:58
0
BIT4266128418
You can download the app before, now click to register, it prompts that the ip is restricted, click to update the website cannot open
2021-05-01 06:07
0
Araminah
Bybit is a cryptocurrency centralized exchange (CEX) that offers a professional platform featuring an ultra-fast matching engine, quality customer service and multilingual community support for crypto traders of all levels.
2023-09-12 08:34
10
Summy654
Bybit I had a Bybit account before they existed the uk, several emails and support chats no action has been taken to help me withdraw and close my account. The support email response are just generic and don’t address any of the issues I raised. My horror continues
2023-12-15 21:18
7
Scarletc
Bybit primarily facilitates trading in various cryptocurrency pairs, including Bitcoin, Ethereum, and other altcoins.
2023-11-21 18:39
4
Avdoul2537
I had a Bybit account before they existed the uk, several emails and support chats no action has been taken to help me withdraw and close my account. The support email response are just generic and don’t address any of the issues I raised. My horror continues
2023-12-03 23:57
2
Sulaiman A Hamza
I like to use bybit exchanger because I like it when I use it until now, except for p2p, it doesn't cause any problems.
2023-12-03 05:53
6
Almisawi
Bybit I had a Bybit account before they existed the uk, several emails and support chats no action has been taken to help me withdraw and close my account. The support email response are just generic and don’t address any of the issues I raised. My horror continues
2023-12-02 03:17
2
zeally
Bybit offers a very user-friendly test net where the user can try the exchange without using real funds.
2023-11-22 21:42
2
anpnmrie
it offers advanced tools supported by great technology but not suited for spot trading and may share your data with third parties marketing so trade at your own risk
2023-09-07 20:07
8
Yuni94
Have to use Vpn to open it and a bit difficult to use
2023-08-24 00:05
1
fatima2000
bybit it good to use I like it
2023-11-06 14:21
4
clash
not valid in india. very high fees and very hard to use
2023-09-06 11:10
6
Summy654
Bybit I had a Bybit account before they existed the uk, several emails and support chats no action has been taken to help me withdraw and close my account. The support email response are just generic and don’t address any of the issues I raised. My horror continues
2023-12-05 22:48
3
Sulaiman A Hamza
bybit exchange is useful for p2p not playing
2023-12-03 05:57
8
Zugudum
Bybit I had a Bybit account before they existed the uk, several emails and support chats no action has been taken to help me withdraw and close my account.
2023-11-25 18:05
5

View all comments

AspectInformation
Company NameBybit
Registered Country/AreaCanada
Founded Year2018
RegulationNot regulated
Cryptocurrencies Offered/AvailableBitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS (EOS)
Trading Fee0.025%-0.075%
Deposit & WithdrawalSupported through cryptocurrency transfers

Overview of bybit

Overview of bybit

Bybit is a Canada-based virtual currency exchange platform that was founded in 2018. It operates as a non-regulated entity, offering a range of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOS (EOS). Bybit allows users to trade with a maximum leverage of up to 100x. The platform provides a web-based trading platform as well as a mobile app for convenient access.

In terms of deposit and withdrawal options, Bybit supports transfers through cryptocurrencies.

Pros and cons

ProsCons
Maximum leverage of up to 100xLack of regulation
User-friendly interface on web-based platform and mobile appRisk associated with leverage trading
Educational resources availableLimited payment methods
24/7 online chat customer supportNetwork fees applied
No deposit or withdrawal feesControversies existed

Regulations

Bybit operates as a non-regulated entity, meaning it does not fall under the oversight and regulations of any specific government or financial authority. This lack of regulation can be seen as a disadvantage for users as it may result in a lower level of protection and oversight compared to regulated exchanges.

The main disadvantage of an unregulated exchange is the potential risk it poses to users. Without regulation, there is a higher likelihood of fraudulent activities, security breaches, and market manipulation. Users may also face challenges in terms of dispute resolution and the safeguarding of their assets.

To mitigate the risks associated with unregulated exchanges, traders should exercise caution and conduct thorough research before engaging in trading activities. It is important to choose exchanges that have a strong reputation, preferably with a history of security and transparency. Utilizing hardware wallets and two-factor authentication for added security is also recommended. Additionally, traders should educate themselves on the risks involved in the virtual currency market and develop a trading strategy based on their risk tolerance and financial goals.

Regulations

Security

Bybit says it implements several security measures to ensure the safety of its users and their assets. The platform utilizes cold storage to store the majority of its users' funds, which helps protect against potential hacking attempts. Bybit also employs multi-signature technology, which requires multiple key holders to authorize transactions, adding an extra layer of security.

Despite the security measures that Bybit has in place, it is important for users to practice good security hygiene. This includes utilizing strong and unique passwords, enabling two-factor authentication, and regularly monitoring account activity. By being proactive in safeguarding their accounts, users can minimize the risk of unauthorized access and potential loss of funds.

Cryptocurrencies available

Bybit offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOS (EOS). These cryptocurrencies are known for their popularity and high market capitalization within the crypto industry.

Cryptocurrencies available

The prices of cryptocurrencies, including those available on Bybit, are subject to significant fluctuations on exchanges. Cryptocurrency prices are determined by factors such as market demand, trading volumes, investor sentiment, and overall market conditions. It is important for traders to be aware of these price fluctuations and conduct thorough market analysis before making trading decisions.

In addition to cryptocurrency trading, Bybit also offers other products and services to enhance the trading experience. This includes leverage trading, which allows traders to amplify their potential profitability or loss. Bybit provides a maximum leverage of up to 100x, providing traders with increased exposure to the market.

Services

Bybit extends its services beyond trading, providing a suite of features that enhance the overall user experience and cater to a wider range of financial needs. These services include:

Secure Multi-currency Wallet: Bybit's secure and convenient multi-currency wallet allows users to store, manage, and transact in a variety of fiat and cryptocurrencies, streamlining their financial operations.

Staking and Earning: Bybit offers a range of staking and earning opportunities, allowing users to generate passive income by locking up their cryptocurrency holdings. The exchange also offers Bybit Earn, a centralized finance (CeFi) product that provides users with access to various yield-generating opportunities.

Derivatives Trading: Bybit is a leading derivatives trading platform, offering a wide range of perpetual and inverse perpetual contracts on cryptocurrencies, indices, and commodities. Traders can use derivatives to speculate on price movements, hedge against risks, or gain exposure to various asset classes.

Copy Trading: Bybit's copy trading feature allows novice traders to follow the trading strategies of experienced traders and automatically copy their trades. This feature can help beginners learn from experienced traders and potentially improve their trading performance.

Bybit APP

The Bybit app is a powerful trading platform that allows you to trade a wide range of cryptocurrencies, including perpetual and inverse perpetual contracts, with ease and efficiency. The app is available for download on both iOS and Android devices.

To download the Bybit app, follow these simple steps:

Visit the Bybit website or open the App Store or Google Play on your mobile device.

Search for “Bybit” and tap on the app icon.

Tap the “Get” or “Install” button to download and install the app.

Once the installation is complete, open the app and create a new account or sign in to your existing account.

With the Bybit app, you can access your trading accounts, monitor market trends, place orders, manage your portfolio, and stay informed about the latest cryptocurrency news and events, all from the convenience of your mobile device. Download the Bybit app today and start trading with confidence.

How to open an account?

The registration process for Bybit can be broken down into six steps:

1. Visit the Bybit website and click on the “Sign Up” button.

How to open an account?

2. Enter your email address and create a strong password for your account.

How to open an account?

3. Verify your email address by clicking on the confirmation link sent to your inbox.

4. Complete the KYC (Know Your Customer) verification process by providing the required personal information and submitting the necessary documentation.

5. Set up additional security measures, such as two-factor authentication, to enhance the security of your account.

6. Once your registration is complete, you can start depositing funds into your Bybit account and begin trading cryptocurrencies.

Fees

Bybit implements a relatively straightforward fee structure for its trading services. The platform charges a maker fee of 0.025% for traders who add liquidity to the order book, and a taker fee of 0.075% for those who remove liquidity from the order book. It is important to note that these fees can vary depending on the specific trading pair and market conditions.

Fees

Deposit & Withdrawal

Bybit supports deposits and withdrawals through cryptocurrencies. Users can deposit funds into their Bybit accounts by transferring the desired cryptocurrency to their unique deposit address provided by the platform. Similarly, for withdrawals, users can initiate a withdrawal request and specify the amount they wish to withdraw to their desired cryptocurrency wallet.

The processing time for deposits and withdrawals on Bybit can vary depending on the specific cryptocurrency and the network congestion at the time of the transaction. Generally, cryptocurrency deposits are typically credited to the user's account within a few minutes to a few hours, depending on the network confirmations required. Withdrawals usually take a similar amount of time, but it may take slightly longer for withdrawals to be processed and confirmed by the network.

Is bybit a Good Exchange for You?

Bybit stands out as a premier exchange for derivatives trading due to its focus on perpetual contracts, leveraging major cryptocurrencies like Bitcoin and Ethereum. Its robust platform, offering leveraged trading opportunities, makes it an optimal choice for traders interested in derivatives and leveraged assets within the cryptocurrency market.

Bybit is a popular virtual currency exchange that caters to a diverse range of traders. Based on its features and offerings, several target groups can find Bybit suitable for their trading needs.

1. Experienced Traders: Bybit offers a range of advanced trading features, such as leverage trading with up to 100x leverage. This attracts experienced traders who are comfortable with taking on higher risks for potentially higher returns. These traders have a deep understanding of market dynamics and are well-versed in conducting thorough market analysis.

2. Crypto Enthusiasts: Bybit's wide selection of cryptocurrencies for trading, including popular options like Bitcoin (BTC) and Ethereum (ETH), appeals to crypto enthusiasts who are passionate about the digital asset space. However, this exchange is not regulated, making it unsafe to trade with.

Controversies the exchange has experienced

Controversies the exchange has experienced

Bybit has experienced a few controversies over the years. Here are some of the most notable ones:

2018: Bybit was accused of wash trading by the Financial Conduct Authority (FCA). The FCA alleged that Bybit was artificially inflating its trading volume in order to attract more users. Bybit denied the allegations, and the FCA is still investigating the matter.

2020: Bybit was fined by the Monetary Authority of Singapore (MAS) for failing to comply with anti-money laundering regulations. The MAS alleged that Bybit did not have adequate procedures in place to prevent money laundering and terrorist financing. Bybit paid the fine and implemented new compliance measures.

2021: Bybit was accused of market manipulation by the Commodity Futures Trading Commission (CFTC). The CFTC alleged that Bybit was using wash trading and other manipulative practices to artificially inflate the price of Bitcoin. Bybit denied the allegations, and the CFTC is still investigating the matter.

TokenBybit x Block Scholes Derivatives Report: ETH Outpaces BTC Amid Market Shifts
Dubai — A new derivatives report from Bybit, in collaboration with Block Scholes, sheds light on shi
WikiBit

2024-12-13 00:06

Bybit x Block Scholes Derivatives Report: ETH Outpaces BTC Amid Market Shifts
TokenCrypto Exchange Bybit Turns Six, Announces bbSOL Campaign With $1.2 Million Rewards
Centralized crypto exchange Bybit, the worlds second-largest crypto platform by trading volume, is c
WikiBit

2024-11-28 23:06

Crypto Exchange Bybit Turns Six, Announces bbSOL Campaign With $1.2 Million Rewards
TokenBybit brings its Bybit Card to new regions
Bybit, the world‘s second-largest cryptocurrency exchange, has announced it’s expanding its off-ramp
WikiBit

2024-10-29 22:04

Bybit brings its Bybit Card to new regions
TokenCrypto Derivatives Report by Bybit and Block Scholes Indicate Neutral Sentiment Ahead of U.S. Election
The current state of cryptocurrency, macro events, and trading indications from spot trade activity
WikiBit

2024-10-25 03:36

Crypto Derivatives Report by Bybit and Block Scholes Indicate Neutral Sentiment Ahead of U.S. Election
TokenBybit releases 15th proof of reserves, user Bitcoin assets up over 4.6% from September
Cryptocurrency exchange Bybit has published its fifteenth proof of reserves report, revealing major
WikiBit

2024-10-21 16:04

Bybit releases 15th proof of reserves, user Bitcoin assets up over 4.6% from September
TokenBybit Reaches 50 Million Users, Expands Global Compliance and Web3 Integration
Efforts to improve Bybit‘s worldwide compliance have made great progress.Over 130 million wallet add
WikiBit

2024-09-26 05:13

Bybit Reaches 50 Million Users, Expands Global Compliance and Web3 Integration
TokenBybit backs Ethereums first Attackathon with 75 ETH commitment
Bybit, the world‘s second-largest crypto exchange by trading volume, has announced its sponsorship o
WikiBit

2024-09-19 23:38

Bybit backs Ethereums first Attackathon with 75 ETH commitment
TokenPepe Surges 5% as Unknown Wallet Withdraws 4T PEPE From Bybit
Crypto exchange Bybit witnessed the movement of 4 trillion PEPE across different wallet addresses to
WikiBit

2024-09-10 22:35

Pepe Surges 5% as Unknown Wallet Withdraws 4T PEPE From Bybit
TokenBybit Launches bbSOL, Pioneering Liquid Staking on Solana
DWF Labs launches synthetic stablecoin blending top digital assets like Bitcoin & Ether with unique
WikiBit

2024-09-06 09:12

Bybit Launches bbSOL, Pioneering Liquid Staking on Solana
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