Bybit Review 2027Core Trading Conditions and Fees

Bybit review 2027: tested under pressure

Bybit launched in 2018 as a specialist in perpetual futures and has since become one of the largest exchanges of any kind, with more than 70 million registered users. Founder and chief executive Ben Zhou moved the headquarters to Dubai, and the platform now spans spot, derivatives, options, copy trading and a growing set of earning products. Any review written for 2027 has to start with the event that defined its recent history: the largest theft the crypto industry has ever seen, and how the company handled it.

The February 2025 hack

On 21 February 2025 attackers linked to North Korea's Lazarus Group compromised the signing process for one of Bybit's Ethereum cold wallets and drained roughly $1.46 billion. What followed is the reason the exchange is still ranked near the top. Withdrawals stayed open, more than 350,000 requests were processed within hours, and the gap was closed inside three days through loans, purchases and deposits from partners. An independent proof-of-reserves check then confirmed client assets were again backed one to one. The breach exposed a serious weakness in wallet operations, but the response showed that the firm had the resources and the will to make customers whole.

Markets and tools

Bybit lists more than 600 spot assets and several hundred perpetual contracts, with USDT and USDC margined products and an options market settled in USDC. The Unified Trading Account lets one collateral pool support every position type, including cross-margin between spot and derivatives. Copy trading is among the most active in the industry, and trading bots, a launch platform and a pre-market for unreleased tokens are built in. The matching engine is fast and rarely struggles in volatile sessions, a point on which the exchange built its early reputation.

Fees

Spot trades start at 0.10% for makers and takers. Perpetuals and futures start at 0.02% maker and 0.055% taker. VIP tiers based on balance or volume bring both down, and promotional zero-fee pairs appear regularly. There are no deposit charges, and withdrawals carry a flat fee per network. Funding rates on perpetuals are a separate cost that leveraged traders need to watch, particularly on crowded positions.

Licensing

For years Bybit operated mostly offshore, and it has been pushed out of several markets by regulators. The picture is improving. In 2025 the exchange obtained a MiCA licence in Austria and opened a dedicated European platform, and it holds approvals in the United Arab Emirates and registrations in other jurisdictions. It does not serve the United States, and its return to some countries has come with conditions. Check local availability, because the product set on the regional sites is narrower than on the global one.

Security today

After the hack Bybit overhauled its custody procedures, moved away from the wallet interface that had been exploited, commissioned outside audits and launched a public bounty programme to trace the stolen funds. Proof-of-reserves reports are published regularly with Merkle-tree verification. For individual accounts there are passkeys, authenticator codes, withdrawal whitelists and fund passwords. None of this erases what happened, and a cautious user will reasonably ask whether enough has changed. The evidence so far is that the firm treats the lesson seriously.

What works and what does not

• Execution: a quick, stable engine with deep derivatives liquidity.
• Crisis handling: losses from the 2025 theft were covered without freezing withdrawals.
• Copy trading: a large pool of lead traders with transparent statistics.
• Security history: victim of the biggest exchange hack on record.
• Regulation: improving, yet still thin compared with listed competitors.
• Access: unavailable to US residents and restricted in several other markets.

Deposits and support

Fiat deposits are available by bank transfer, card and a peer-to-peer market covering many local currencies, with methods varying by country. Live chat support operates around the clock in multiple languages.

Best suited to

Bybit is built for active traders, especially those who use perpetual futures or want to follow experienced accounts through copy trading. Spot-only investors are well served too, though the platform's strengths lie in leverage products that are unsuitable for beginners.

Our view

Bybit enters 2027 with its reputation intact, which is remarkable given the scale of the loss it absorbed. Liquidity, tools and pricing are excellent. The open questions are regulatory depth and whether the new custody controls hold. Keep balances modest, withdraw long-term holdings to your own wallet, and never trade leverage with money you cannot afford to lose.

Bybit review: compare the alternatives

This Bybit review is part of our Top 45 Cryptocurrency Exchanges in 2027 ranking. To compare, read the Kraken review and the OKX review.