Bybit review
Top pick CryptoDerivatives-first exchange with a clean UX, P2P funding, and a low barrier to start.
Active crypto traders who want a fast derivatives engine and P2P funding.
US and other restricted-region residents.
Fees, explained
The real cost of a trade is the spread plus any commission, plus funding and withdrawal fees, not just the headline number. We separately measure the real average from a funded account at live session times; a figure marked "testing in progress" is one we have not finished measuring ourselves.
Measuring Every figure on this page is one Bybit publishes itself, read on the date shown. Slippage Desk does not run its own funded-account tests, so nothing here is presented as our own measurement.
Regulation & safety
Bybit operates under 2 regulatory licences: VARA (Dubai), Registered in multiple markets. Regulation is not a guarantee against loss - leverage and volatility do the damage - but it tells you who you can complain to and how client funds are meant to be handled. Always trade with the entity that actually onboards your country.
Opening an account
- Register with your email and verify it.
- Complete identity verification (KYC) - a government ID and proof of address.
- Fund the account using P2P, Card, USDT, Crypto transfer.
- Start on a demo. Size positions small. Keep a trading journal from day one.
The honest cons
- Not available to US / Canada / a number of regions
- Derivatives leverage is high-risk
- Crypto volatility can wipe positions quickly
What we like
- Fast, well-designed derivatives platform
- Low barrier to open and fund via P2P
- Frequent maker rebates
Open a Bybit account
Some venue links on Slippage Desk are referral links; we may earn a commission at no cost to you. It never changes what we write or the order anything appears in.
Risk warning: trading is high risk and most retail accounts lose money. Education only, not advice.