Bybit Review 2026
Bybit is a major crypto exchange known for derivatives, with a growing spot market and earn products. Here is the practical overview.
Products
Bybit offers spot trading, perpetual and futures contracts, and yield/earn products. The derivatives side is its heritage and where its liquidity is deepest. For traders who want leveraged crypto exposure, the depth and product range are competitive; for simple buy-and-hold, the spot market and earn products are the relevant parts.
Fees
A maker/taker fee structure typical of large exchanges, with discounts at higher volume tiers. Spot and derivatives fees differ — check the schedule for the products you will use. Funding rates apply to perpetual positions and can add up on held leveraged trades.
Earn features
Bybit's earn products let you put idle crypto to work for yield. Returns vary and are not guaranteed; "earn" in crypto carries platform and market risk, not a savings-account safety profile. Treat advertised yields as variable and at-risk.
Security and access
As with any exchange, enable strong account security (2FA, withdrawal allowlists). Availability and specific products vary by country due to regulation — confirm what is accessible from your region.
Is Bybit safe? The February 2025 hack in context
In February 2025 Bybit suffered the largest exchange hack on record — roughly $1.5 billion in Ethereum drained from a cold wallet through a compromised signing interface, later attributed by the FBI to North Korea's Lazarus Group. What matters for a prospective user is what happened next: Bybit honoured all customer withdrawals within about a day and stated that client funds remained fully backed, with reserves still exceeding liabilities. The episode is the clearest possible reminder of the core rule of any exchange — keep only your active trading capital on the platform and move long-term holdings to self-custody. On the regulatory side, Bybit has been pursuing a Dubai VASP licence under VARA; as always, confirm exactly what is licensed and available in your own region before depositing.
The leverage warning that matters most
Crypto is already volatile; leveraged crypto derivatives can liquidate a position on a sharp move in minutes. This is among the riskiest trading you can do. If you are new, spot first, leverage much later (if ever).
Risk Warning
Crypto and leveraged crypto derivatives are highly volatile and carry a high risk of total loss; the majority of leveraged retail traders lose money. Not financial or investment advice. Never trade more than you can afford to lose. AiForexBroker may earn a commission when you sign up through our links, at no extra cost to you.
This article is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results.
