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Bybit

How to trade on Bybit

An exchange that grew on derivatives and is licensed in Dubai: one of the best futures terminals, a unified trading account and a record twenty networks for USDT withdrawals.

SpreadRadar editorsUpdated November 12, 20265 minutes to readabout authorship and sources

Who it suits

Handy as a second venue in a route: cheap transfers and predictable fills.

Strengths

  • +20 networks for USDT withdrawals, some of them free
  • +An even book and predictable fills
  • +Transparent copy trading: the drawdown is visible

Keep in mind

  • !The spot listing is slimmer than Asian venues with thousands of pairs
  • !P2P rates differ by currency and by role
USDT networks20withdrawals open in 12
Withdrawals from0 USDTfree on 4 networks
Pairs vs USDT389no empty books
Futures830leverage up to 100×
Spot0,1%contracts 0.02 / 0.055%
Live data · collected directly from Bybit · November 12, 2026Refreshed every few minutes
Live table

Networks, fees and status

Collected directly from the exchange. The fee is quoted in the coin itself and does not depend on the amount — splitting a withdrawal does not pay.

NetworkFee relative to the dearestFeeDepositWithdrawal
Berachaincheapest0 USDTclosedclosed
CORN0 USDTclosedclosed
Hyperevm0 USDTopenopen
Mantlenetwork0 USDTopenopen
Plasma0 USDTopenopen
Aptos0.002 USDTopenclosed
Polygon0.07 USDTopenclosed
Arbitrum0.1 USDTopenopen
Networks: 20 · deposits open on 15 · withdrawals open on 12
About the exchange

What Bybit is

Bybit started in 2018 as a futures venue and is still considered one of the most comfortable for derivatives. Over time it gained spot, P2P and savings, but the handwriting remained: an interface you do not get lost in, and fills without surprises.

2013Gate, Huobi
2017Binance, OKX
2018Bybit
2022Toobit

If Binance is taken for size

  • then Bybit is taken for neatness
  • the book on the main pairs is even

The terminal

  • a newcomer gets it in an evening
  • orders fill predictably
Services

What is here besides ordinary trading

Futures are the home ground; everything else grew around them. The funding rate is published openly.

Spot

About four hundred pairs against USDT with no empty books.

389 pairs vs USDT
Futures

Five kinds of contract, with the funding rate open on each.

830 contracts
Options

A rarity among venues: a separate market with its own fee grid.

available
P2P

Buying and selling for ordinary money directly between people.

89 currencies
Copy trading

Copying trades with the trader’s drawdown on show.

spot and futures
The card

Mastercard: virtual and physical, payments and cash withdrawals.

Bybit Pay
The standout

The unified trading account

Spot, futures and options share one pool of collateral. A coin bought on spot works as margin for a future straight away, and free funds do not sit idle in a separate wallet.

Spot4 000 USDT
Futures1 000 USDT
Options0 USDT
Shared collateral5 000 USDTspot · futures · options
Margin for the future1 000 USDT
Sitting idle4 000 USDT

Funds are split across wallets: you move them by hand and some of them sit idle.

An illustrative example: 4,000 USDT on spot and 1,000 on futures.

The card

The card, payments and loans

A Mastercard: virtual and physical, online and in-store payments, contactless and cash withdrawals in supported programmes. The virtual card is issued free in many regions; the physical one can carry separate charges.

The Bybit card
•••

The reverse side — schematically

Hold and spin the card — any direction
Mastercard debitvirtual — free in many regions; the physical one can carry separate chargesonline, in shops, contactless, cash withdrawals
Get the Bybit card

Regions named in the exchange’s materials

AustraliaArgentinaBrazilGeorgiaKazakhstan · AIFCMexicoPeruselected APAC markets

Availability in your country is checked by applying from your account.

Bybit Pay

Transfers between users, paying merchants and QR payments. This is neither P2P nor an ordinary on-chain withdrawal.

Loans

One asset against another as collateral: the pledge, the borrowed asset, LTV, the rate, repayment and the liquidation threshold.

Copy trading

What you see about a trader before copying

Copy trading here is more honest than most: it shows not only the return but the drawdown. Compare two illustrative traders.

ATrader A
Return+120%
Drawdown−65%
Trades31
a risky strategy
BTrader B
Return+40%
Drawdown−8%
Trades412
an even strategy

An illustrative example. Bybit shows the return, the result, the maximum drawdown, assets under management, the number of followers and statistics over different periods. Both futures and spot can be copied.

Fees

The fee ladder: spot, contracts and options

An ordinary user pays 0.10% both ways on spot. Contracts are noticeably cheaper — 0.02% maker and 0.055% taker; options are 0.02% and 0.03%. The tiers lower the rate across all markets at once.

Rate
One trade
Buy and sell

The minimum order: minOrderAmt

There is no single minimum. Each instrument’s parameters come from /v5/market/instruments-info. For spot look at minOrderAmt — in the documentation’s BTCUSDT example it is 5 USDT.

How to pay less

MNTthe venue’s token
  • a discount on the fee
Limit ordersinstead of market ones
  • the maker fee is below the taker
  • over time it saves more than the tiers do
Derivatives

Five kinds of contract plus options

USDT-Mperpetual and dated
USDC-Mperpetual
Inverseinverse perpetual
Inverseinverse dated
Optionsa rarity among venues
1×the ceiling on selected contracts

Leverage is advertised up to 100×. What is actually available depends on the pair, the contract type, the position size, the risk limit, the margin mode and the region — and falls as the position grows.

One-way mode

LONG

A single position per contract.

Hedge

LONGSHORT

A long and a short on the same contract at once.

Money

P2P, HotSwap and withdrawals

Fund it through P2P the most popular route

1Pick an advertby price, limits and payment method
2Send the money to the sellerthe details are in the trade window
3The seller releases the crypto from escrowa dispute goes to appeal
P2P rates →

Withdraw over a network 20 networks for USDT

More than any other venue we cover. The price depends on the network, not the amount.

Gate26open on 21
Bitunix20open on 13
Bybit20open on 12
Binance19open on 13
KuCoin19open on 18
OKX16open on 15
withdrawals open nownetworks in total
0 USDTwithdrawals on Berachain, Hyperevm, Mantlenetwork and Plasma are free

P2P: the fee depends on the currency and the role

There is no single rate. Posting an advert costs nothing — the fee arises when the trade completes. An extract from the official table:

Currency and advert typeMakerTaker
RUB · buy0%0%
RUB · sell, standard0.30%by role
RUB · sell, verified0.275%by role
RUB · sell, block0.25%by role
AZN · all adverts0.25%0.25%
GHS · buy, standard0.14%0%
TJS · buy, standard0.10%0%

On currencies outside the table the venue charges nothing of its own — though the payment provider may.

HotSwap is not the same as P2P

It connects an advertiser with a third-party liquidity provider, so a token can be bought for fiat in one step. Maker and taker fees are zero; the provider may charge its own.

Fiatyour currency
Advertiserfiat → USDT
Liquidity providerUSDT → token
Tokento the funding account
57 currenciesBTC · ETH · BNB · SOL · XRP · USDCand about twenty more coins

Ordinary P2P, HotSwap, one-click buying, fiat deposits and bank cards each have their own currency list — five of them. Check the one that belongs to the product you are using.

Deposits and withdrawals

crypto deposits with no venue feememo or tag: XRP, XLM, TON and othersinternal transfers — no blockchainfiat: regional methods, SEPA

A currency available for deposit is not necessarily available for withdrawal, and some fiat withdrawal routes only open after the first fiat top-up.

Services

Earn: eleven products instead of one

flexible savingsfixed termon-chain yielddual assetsDouble-Windiscounted buybacksmart leverageliquidity miningprivate managementtokenised assets

The exchange’s own formula: amount × rate ÷ 365 × term. Use the rate you see in your account.

Term
Reward for the term
Per day
In total
Dual assets are not a deposit

Dual Asset and Double-Win do not guarantee the capital: which asset the money comes back in is decided by the market on the settlement date.

Bots

Spot and futures grids (long, short, neutral), DCA, martingale and a combined bot. There is no separate charge — each trade pays the ordinary fee.

API v5

Spot, linear and inverse derivatives, options, accounts, positions, orders and WebSocket. The main host is api.bybit.com.

In short

Who it suits

Futures traders

A comfortable terminal, options and the unified account.

Those who copy trades

You see not only the trader’s profit but the drawdown.

Those who transfer often

20 networks for USDT and free withdrawals on four.

Binance+Bybit

An excellent pair with Binance: together they cover both depth and cheap transfers.

Compare →
FAQ

Frequently asked questions

What does trading on Bybit cost?+

On spot an ordinary user pays 0.10% as both maker and taker. On perpetual contracts it is 0.02% maker and 0.055% taker; on options 0.02% and 0.03%. VIP tiers lower the rate across all markets at once.

How many networks are there for USDT withdrawals?+

Twenty — more than any other venue we cover. Four of them are free, and the live table with each network’s price and status is higher up this page.

What is the unified trading account?+

A mode in which spot, futures and options share one pool of collateral. A coin bought on spot works as margin for a future straight away, and there is nothing to move between wallets.

What is the minimum order?+

There is no single one: the instrument sets it, in the minOrderAmt field of the /v5/market/instruments-info reference. In the documentation’s BTCUSDT example it is 5 USDT.

How does HotSwap differ from P2P?+

P2P is a trade between people with escrow and appeals. HotSwap connects an advertiser with a third-party liquidity provider so a token can be bought for ordinary money in one step; the venue charges nothing there, though the provider may.

What does P2P cost?+

There is no single rate: it depends on the currency, the advert type and the role. Posting an advert is free — the fee arises when the trade completes, and on currencies outside the official table the venue charges nothing of its own.

Comparisons

Bybit or another exchange

orBybit or Binance

The biggest exchange in the world against the best derivatives terminal. A feature-by-feature look at what each one gives you.

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orBybit or OKX

The best derivatives terminal against the most complete ecosystem. A feature-by-feature look at where the line falls.

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orBybit or Bitget

Two venues that grew out of derivatives from opposite directions. A look at where the line falls.

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orBybit or WEEX

A mature derivatives venue against a younger, more flexible one. A look at what each one offers.

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orBybit or Gate

You go to Gate for new listings and to Bybit for leverage. Picking one is rarely necessary — people keep both.

Compare
orBybit or MEXC

You go to MEXC for new listings and to Bybit for leverage. Picking one is rarely necessary — people keep both.

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orBybit or KuCoin

Bybit is built for contracts; KuCoin also covers earn, bots and launches. It comes down to what you need more often.

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orBybit or HTX

A terminal against an ecosystem: Bybit is stronger at trading itself, HTX at everything around it.

Compare
orBybit or BingX

Two derivatives terminals. The contract lists on Bybit and BingX look alike, so details decide: fees, withdrawal networks and how the interface feels.

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orBybit or Toobit

Bybit and Toobit play the same game. The difference shows up in transfer costs and in where a position is calmer to hold.

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orBybit or LBank

LBank collects new coins, Bybit collects leverage and contracts. Different jobs, usually done on different venues.

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orBybit or Kraken

Kraken is good at the way in and out of real money, Bybit where leverage and contracts are needed. Not an either-or.

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orBybit or WhiteBIT

WhiteBIT is good at the way in and out of real money, Bybit where leverage and contracts are needed. Not an either-or.

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orBybit or Phemex

Bybit and Phemex play the same game. The difference shows up in transfer costs and in where a position is calmer to hold.

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orBybit or XT.com

A terminal against an ecosystem: Bybit is stronger at trading itself, XT.com at everything around it.

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orBybit or KCEX

Bybit is built for contracts; KCEX also covers earn, bots and launches. It comes down to what you need more often.

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orBybit or Ourbit

Bybit is built for contracts; Ourbit also covers earn, bots and launches. It comes down to what you need more often.

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orBybit or BigONE

A terminal against an ecosystem: Bybit is stronger at trading itself, BigONE at everything around it.

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orBybit or Crypto.com

A terminal against an ecosystem: Bybit is stronger at trading itself, Crypto.com at everything around it.

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orBybit or Hotcoin

A terminal against an ecosystem: Bybit is stronger at trading itself, Hotcoin at everything around it.

Compare
orBybit or Pionex

Bybit is built for contracts; Pionex also covers earn, bots and launches. It comes down to what you need more often.

Compare
orBybit or HIBT

Bybit is built for contracts; HIBT also covers earn, bots and launches. It comes down to what you need more often.

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orBybit or Zoomex

A terminal against an ecosystem: Bybit is stronger at trading itself, Zoomex at everything around it.

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orBybit or Bitunix

Bybit is built for contracts; Bitunix also covers earn, bots and launches. It comes down to what you need more often.

Compare
orBybit or xRocket

A terminal against an ecosystem: Bybit is stronger at trading itself, xRocket at everything around it.

Compare
orBybit or BloFin

Two derivatives terminals. The contract lists on Bybit and BloFin look alike, so details decide: fees, withdrawal networks and how the interface feels.

Compare
orBybit or CoinW

Two derivatives terminals. The contract lists on Bybit and CoinW look alike, so details decide: fees, withdrawal networks and how the interface feels.

Compare
orBybit or Coinstore

Coinstore collects new coins, Bybit collects leverage and contracts. Different jobs, usually done on different venues.

Compare
orBybit or Deepcoin

Bybit and Deepcoin play the same game. The difference shows up in transfer costs and in where a position is calmer to hold.

Compare
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KuCoin

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Methodology and principles of analytical processing

Forming and structuring the data

The analytical system brings disparate market information together into a single structure, accounting for the specifics of trading directions and the individual characteristics of each platform. That keeps the presentation consistent and the key parameters comparable.

Criteria for forming the results

Forming the analytical selection takes into account the completeness, availability and reliability of the source information. Parameters that meet the established processing and confirmation criteria are included in the calculations. Insufficiently substantiated values are not used in the final results.

Currency of the analytical information

The information presented is kept current through regular refreshing and reconciliation of the analytical parameters. How often that happens is determined by the nature of each category of data and the way it is processed.