Bybit
$30,000+ welcome rewards
Up to 30% trading fee discount
Deposit-based bonus rewards
Task and trading volume rewards
About Bybit
Bybit is a Dubai-based centralized cryptocurrency exchange founded in 2018. It is one of the world's largest derivatives trading platforms, offering deep liquidity, high leverage futures, spot trading, and over 1,900 cryptocurrencies. The exchange is known for its fast execution engine, regular Proof of Reserves audits, and strong focus on derivatives and copy trading.
Key Features
- High leverage futures trading (up to 100x)
- Over 1,900 supported cryptocurrencies
- Deep liquidity on major pairs
- Monthly Proof of Reserves audits
- Copy trading and trading bots
- Spot and derivatives markets
- P2P trading with 0 fees
- Advanced mobile app with charting
- Fast token listing
Ratings
8.2
/10
Security Note
Supports 2FA and anti-phishing, majority of assets in cold wallets, monthly Hacken-audited Proof of Reserves (over 100% reserve ratio across major assets as of 2026), maintains transparent 1:1 backing.
Pros & Cons
Pros
- Excellent for derivatives and high-leverage trading with deep liquidity
- Very competitive fees especially for high-volume traders
- Large selection of cryptocurrencies and fast new listings
- Strong mobile app and user-friendly trading interface
- Regular transparency reports with Proof of Reserves
Cons
- Restricted in several countries including US, UK, and others
- Steep learning curve for complete beginners
- Limited direct fiat deposit options in some regions
- Customer support can be slow during high volatility periods
- Regulatory oversight is lighter compared to fully licensed exchanges in major jurisdictions
Mexc 
Bitrue 
Kcex 
Kucoin 
WEEX 
Gate 
Binance