Bybit review: fees, products, and verified features

A Bybit review for US readers has to start with one line from Bybit’s own help center: the United States and Canada are on its list of excluded jurisdictions, so you cannot open an account from either.

Everywhere Bybit does operate, its entry-level fee is 0.10% on spot crypto pairs and 0.02% maker / 0.055% taker on perpetual futures.

Every figure below comes from pages Bybit, Kraken and regulators publish. Nothing here was tested with a funded account, and none of it is investment advice.

Who can open a Bybit account

Bybit’s Service Restricted Countries page cites Section 11.3 of its platform terms. The excluded list includes the United States, Canada, the Chinese Mainland, Hong Kong, Singapore, North Korea, Cuba, Iran, Syria and Sudan.

The EU gets a separate entity. The Austrian Financial Market Authority authorised Bybit EU GmbH as a crypto-asset service provider under MiCA on 28 May 2025. If you are in Europe and weighing licensed options, our Bitpanda vs Coinbase comparison for EU users covers two alternatives.

Video: Every Bit Helps

Bybit fees at the entry tier, next to Kraken

Bybit’s Trading Fee Structure page (last updated 2 September 2026) sets VIP 0 rates. Kraken’s fee schedule sets its Tier 1 rates. Almost every retail account sits on these bottom rows.

Sources: Bybit Trading Fee Structure and VIP criteria; Kraken fee schedule. Both read 21 September 2026.

On spot, Bybit’s base rate is a fraction of Kraken’s. The catch sits in the fine print. Fiat-to-crypto pairs on Bybit cost 0.20% taker and 0.15% maker at VIP 0. The taker side is double the crypto-pair rate.

The discount ladder is also steep. Bybit’s first step needs $1 million in monthly spot volume, so a casual buyer stays on VIP 0 indefinitely. For another low-fee comparison, see our breakdown of Gemini vs Crypto.com on cost.

Order types Bybit supports

Bybit’s order-types page lists market, limit and conditional orders on every market. Advanced options include take profit and stop loss, trailing stop, iceberg, TWAP, scaled and chase limit orders, plus GTC, IOC and FOK time-in-force settings. One-cancels-the-other orders are spot only.

Post-only orders guarantee the maker rate. That saves nothing on VIP 0 spot crypto pairs, where maker and taker are both 0.10%. It does matter on perpetuals, where taker costs almost three times the maker rate.

The February 2025 hack

The FBI issued public service announcement I-022625-PSA on 26 February 2025. It attributes the theft of roughly $1.5 billion in virtual assets from Bybit, on or about 21 February 2025, to North Korean actors it calls TraderTraitor.

A low fee does nothing for you if the platform holding your coins is breached. Our Kraken vs Coinbase safety guide walks through the custody questions worth asking any exchange.

Who Bybit fits, and who should skip it

Bybit fits a non-US trader who places frequent spot or derivatives orders and wants advanced order tools. The flat 0.10% spot rate is the real draw.

Skip it if you live in the US or Canada, mainly buy with fiat, or plan to keep savings on an exchange long term.

Frequently asked questions

Can you use Bybit in the United States?

No. Bybit lists the United States among its excluded jurisdictions under Section 11.3 of its platform terms, and Canada is excluded too.

Is Bybit regulated?

Its EU arm, Bybit EU GmbH, holds a MiCA authorisation from Austria’s FMA dated 28 May 2025. That licence covers the EU entity, not the global bybit.com platform.

What is the cheapest way to trade on Bybit?

Trade crypto-to-crypto pairs rather than fiat pairs, and use post-only limit orders on perpetuals to pay the 0.02% maker rate instead of 0.055%.