Bybit
⭐ Trust Score: 10/10
🏆 Arbi.TEAM 10/10
Bybit was previously reported to be hacked on one of its multisig cold wallets. According to the team, the issue has now been resolved.
For more information, kindly refer to this announcement.
📋 Basic information
📊 Trading statistics
📖 About exchange
ℹ️ Bybit — a global cryptocurrency exchange founded in 2018 in Singapore and currently headquartered in Dubai (UAE). It is the world's second-largest trading platform by trading volume, with over 70 million registered users. The exchange has established itself as a professional trading platform specializing in derivatives, while also offering a full range of products including copy trading and passive earning tools. In the first half of 2025, Bybit successfully handled a large-scale hacker attack during which user funds remained secure.
🪙 Trading Products and Tools
Bybit offers one of the broadest sets of trading tools in the industry — from basic spot trading to complex derivatives and innovative products like tokenized stocks.
Spot Trading
502 cryptocurrencies on 572+ trading pairs with USDT, USDC, BTC, ETH, and EUR
Futures Trading
Leverage up to 125x on perpetual contracts (USDT-M, USDC-M, and inverse)
Passive Income
Staking (Earn), Dual Investment, Launchpool, lending. APY up to 5%
Derivatives: The primary specialization. Offers over 400 perpetual contracts (USDT, USDC, inverse) with leverage up to 125x, as well as quarterly futures and options. The average daily futures turnover is about $17 billion.
Copy Trading: Allows copying trades of successful trading "masters" with loss protection (CopyGuard) and compensation of up to $100 for new users.
Trading Bots: Integration with TradingView and algorithmic trading bots, including the AI assistant TradeGPT, used by over 5 million people.
Tokenized Assets (TradFi / xStocks): An innovative feature allowing trading of real company stocks (such as Apple, Tesla) and ETFs (e.g., SPY) directly on Bybit's spot market.
🔐 Security and Support
Bybit's security has been tested by serious challenges and is supported by regular audits. Support operates 24/7, including Russian-language service; however, there are user complaints about delays.
Protection Measures
- Cold Storage and Proof-of-Reserves: 95% of funds are stored in offline vaults. Reserve audits confirm that user assets are backed 1:1.
- Crisis Management: In February 2025, Bybit repelled a $1.4 billion hacker attack (Lazarus Group) without user fund losses thanks to a reserve fund.
- Account Protection: Mandatory two-factor authentication (2FA), anti-phishing code, withdrawal address verification.
Regulation
MiCAR License in Austria: A key achievement in 2025, allowing legal service to users in 29 countries of the European Economic Area.
Restricted Jurisdictions: The exchange does not provide services to residents of the USA, Canada, the UK, Singapore, and some other countries due to regulatory restrictions.
Support
24/7 support service in 21 languages, including Russian. On Trustpilot, the platform's rating is mixed (3.4/5): users praise quick responses to simple questions but complain about prolonged resolution of complex disputes (especially in P2P) and account blocking.
💳 Deposits and Withdrawals
Bybit offers a variety of methods for working with fiat, but their availability depends on the region. Cryptocurrency transactions are usually fast.
Verification (KYC)
Required to increase withdrawal limits and access fiat services. Several levels are available: the maximum daily withdrawal limit is up to 2 million USDT.
Account Funding
Fiat: Bank cards (Visa/Mastercard), P2P platform (direct deals with other users), bank transfers via partners (e.g., Volet.com). Multiple currencies are supported.
Cryptocurrency: Deposits in hundreds of coins and tokens across various networks.
Withdrawals
Cryptocurrency: Fast withdrawals to external wallets. Fees depend on the network.
Fiat and Bybit Card: Withdrawal via partners or P2P. The Bybit Card crypto debit card (over 2 million users) allows spending funds at 150+ million merchants worldwide via Mastercard, Apple Pay, and Google Pay.
👍 Pros and Cons
Based on official data and user reviews, the platform's strengths and weaknesses can be highlighted.
Advantages
- ✅ Leader in Derivatives and Liquidity: Second in the world by trading volume. Market depth and a fast engine ensure low slippage.
- ✅ Proven Security: No client lost funds after the $1.4 billion hacker attack. Regular audits and Proof-of-Reserves.
- ✅ Innovative Products: AI bot TradeGPT, tokenized stocks (TradFi), powerful copy trading and algo trading tools.
- ✅ Competitive Fees: Low futures fees on the maker-taker model (from 0.01% / 0.055%) and discounts for VIPs.
- ✅ Full Russian Localization: Website, app, and support are available in Russian.
Disadvantages
- ❌ Country Restrictions: Not available to residents of the USA, Canada, the UK, Singapore, and other countries.
- ❌ Complexity for Beginners: An abundance of advanced tools and derivatives may intimidate novice traders.
- ❌ Support Issues in Disputes: Many complaints about slow resolution of complex cases, especially related to P2P trading and account blocking.
💡 Tips for Beginners
Start with Copy Trading
Use this function to learn strategies by copying verified traders. New users receive loss insurance up to $100.
Use the Demo Account
Before trading with real money, especially with leverage, practice on a demo account with a virtual balance.
Enable All Security Settings
Always activate 2FA, anti-phishing code, and withdrawal address verification to protect your account.
Thoroughly Check Counterparties in P2P
When trading on the P2P platform, carefully review the partner's rating and history to avoid fraud and fund freezes.
🌐 Interface and Accessibility
Interface: Fully translated into Russian and 20 other languages. The interface is considered intuitive but may be cluttered for beginners due to the abundance of tools. Web version and mobile apps for iOS and Android with high ratings (4.5-4.9 stars) are available.
🌏 Restricted Countries and Territories
Bybit prohibits access to residents of the following countries and territories:
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USA
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Mainland China
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Hong Kong
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Singapore
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Canada
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France
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United Kingdom
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North Korea
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Cuba
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Iran
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Uzbekistan
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Some Russian Territories:
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Crimea
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DNR (Donetsk People's Republic)
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LNR (Luhansk People's Republic)
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Sevastopol
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Sudan
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Syria
Important Note: The list of unsupported territories may change. Before registering, always check the current information in the "Non-Supported Countries" section on the official Bybit website.
💱 Reliability Analysis of Bybit for Arbitrage Operations
Bybit is undoubtedly one of the most reliable and suitable exchanges for cryptocurrency arbitrage. Based on our trading experience and data analysis, we can cite the following facts in favor of this:
📈 Summary
Bybit is a top platform for professional and arbitrage trading. Its undeniable advantages — liquidity, speed, reliability, and a wide choice of tools — make it an excellent choice for experienced arbitrageurs. However, successful work requires completing full KYC, understanding possible delays in fiat operations, and being prepared for a high complexity interface. For residents of supported countries, it is one of the best options on the market.