Bybit is a popular cryptocurrency exchange offering crypto derivatives, spot trading, and a wide range of earn products. It’s known for its smooth interface, competitive fees, and advanced tools like copy trading and bots.
In February 2025, however, Bybit suffered a major breach, losing about $1.5 billion in Ethereum. Bybit quickly froze withdrawals, launched an investigation, and strengthened wallet security afterward. Therefore, investors should take extra caution with Bybit.
Best Features Of Bybit Exchange
Bybit offers multiple tools to help you trade, invest, and earn from crypto. Here’s how to make the most of its top features.
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Spot Trading Platform
Bybit's spot market allows you to directly buy or sell cryptocurrencies at real-time prices. It’s a good starting point for most investors.
Here’s how it works and what makes it useful:
Simple Interface: You can place market or limit orders easily, with clean charts powered by TradingView.
Wide Asset Range: Access to coins like BTC, ETH, SOL, and niche tokens like APE or DYDX.
Zero Maker Fees: At the time of writing, Bybit offers 0% maker fees on spot pairs, which lowers your cost.
You can buy BTC with USDT, set up price alerts, or even build a long-term portfolio. It's a solid entry point for anyone trading crypto actively or passively.
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Derivatives Trading
Bybit made its name offering crypto futures with up to 100x leverage. It’s built for traders who want to speculate on price movements.
Here’s how you can benefit from derivatives trading:
USDT or Inverse Contracts: Choose between contracts settled in USDT or coins like BTC.
Cross or Isolated Margin: You can control risk by setting how much balance to expose.
Advanced Orders: Use TP/SL, trailing stops, and conditional orders to manage volatility.
If you think BTC will drop, you can open a short position with 10x leverage, set a stop-loss, and aim for quick trades. It’s fast-paced but powerful.
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Bybit Earn
Bybit Earn offers users passive income options, letting them earn rewards without actively trading. These options include staking, fixed savings, and dual asset mining.
Here’s what you can explore on Earn:
Flexible and Fixed Savings: Earn yields by depositing popular tokens like ETH or USDC.
Launchpool & Dual Asset Mining: Lock tokens in pools and earn high-yield rewards based on market performance.
Staking Promotions: Occasionally, Bybit offers boosted rates for staking new tokens.
You can deposit USDT into a 30-day fixed savings product and earn interest without monitoring the market. It’s great for hands-off investors.
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Copy Trading
Copy trading on Bybit lets beginners follow experienced traders and mirror their trades automatically. It’s ideal if you’re new or short on time.
Here’s how it works in real-world use:
Pick a Trader: Review traders by ROI, followers, and risk score.
Allocate Funds: Choose how much of your capital you want to mirror.
Automatic Execution: Every time the pro makes a move, it’s replicated in your account.
Let’s say you follow a trader with strong returns in ETH perpetuals. Once they open a position, your account does the same—no manual work needed.
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Trading Bots
Bybit’s trading bots help automate strategies like grid trading, ideal for volatile markets. You can set them up with just a few clicks.
Here’s why bots are handy for investors:
Pre-built Templates: Use ready-made strategies or create custom ones.
24/7 Operation: Bots never sleep, capturing price swings even while you're offline.
Grid Trading for Sideways Markets: Earn from price fluctuations in stable ranges.
For example, you can create a grid bot for SOL/USDT to buy low and sell high across multiple price levels. It’s automation built for hands-free profits.
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Bybit Web3 Wallet
Bybit has its own built-in Web3 Wallet, letting users interact with decentralized apps (dApps) and store crypto securely. It’s non-custodial, meaning only you hold the keys.
Here’s how this wallet supports crypto users:
Direct dApp Access: Use DeFi platforms, NFT marketplaces, and staking tools without leaving Bybit.
Self-Custody Security: Your private key stays with you, offering control over your digital assets.
Multi-Chain Support: Connect with networks like Ethereum, Polygon, BNB Chain, and more.
If you’re exploring DeFi or holding NFTs, this wallet gives you access to decentralized services while staying within Bybit’s ecosystem.
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Launchpad (Token Sales)
Bybit Launchpad allows users to invest early in new crypto projects through token sales, often at discounted rates before public listings.
Here’s why the Launchpad is worth checking:
Early-Stage Access: Participate in token launches before they hit the spot market.
USDT & BIT Participation: Stake USDT or Bybit’s BIT token to get allocation.
Detailed Project Info: Each token includes research summaries and user eligibility rules.
For example, if a new GameFi token launches, you can stake BIT to get early exposure before the price potentially spikes.
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Grid Trading (Manual or Bot-Assisted)
Grid trading on Bybit allows users to automate buy-low, sell-high strategies across price levels. It's useful in sideways or choppy markets.
Here’s how to set up and benefit from grid trading:
Custom Range & Grids: Define price limits and number of grids manually.
Auto-Profit Taking: Each executed trade aims to lock in small gains.
Bot Templates Available: Beginners can use pre-set grids with just one click.
Let’s say BTC is bouncing between $60K–$65K. A grid bot can continuously buy dips and sell spikes, creating passive profit from volatility.
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NFT Marketplace
Bybit’s NFT Marketplace lets users buy, sell, and explore NFT collections across gaming, art, and collectibles without needing a separate wallet.
Here’s how users engage with NFTs on Bybit:
No Gas Fees: You can trade NFTs without paying Ethereum gas.
Popular Collections: Access curated drops from artists and gaming platforms.
Multi-Crypto Payments: Buy NFTs with ETH, USDT, or BIT.
If you’re browsing for collectibles or limited gaming items, Bybit makes it easy to explore Web3 culture with zero setup headaches.
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Advanced Charting with TradingView
Bybit integrates full TradingView charts across spot and derivatives markets, giving investors technical tools for deep market analysis.
Here’s what you get as a trader:
Multiple Indicators: Add RSI, MACD, Bollinger Bands, and more.
Custom Time Frames: Analyze price action over intervals ranging from 1 minute to 1 month.
Drawing Tools & Alerts: Mark trends and set alerts for price movement.
If you’re a technical trader, Bybit gives you full flexibility to chart patterns and trade accordingly—no need for third-party apps.
Mistakes to Avoid When Trading and Investing on Bybit
Even though Bybit is easy to use, rushing into crypto trading without preparation can lead to costly mistakes. Here’s what you should avoid.
Ignoring Leverage Risks: Using 20x or 100x leverage can wipe out your position fast if the market moves slightly against you. Start small and manage risk carefully.
Skipping Stop-Loss Orders: Without setting stop-losses, a sudden price drop could drain your balance. Always plan your exit points in advance.
Not Understanding Product Differences: Spot trading, futures, and options all have different rules. Know exactly what you’re trading before placing any order.
Overtrading with Bots: Grid bots and DCA bots can seem hands-off, but bad setups or wrong markets can lead to losses instead of gains.
Joining Launchpads Without Research: Just because a token is new doesn’t mean it’s valuable. Always read project whitepapers and tokenomics before committing.
Being thoughtful and strategic makes a big difference on Bybit. Treat every feature like a tool, not a guarantee of profits.
FAQ
Absolutely, you can trade spot markets without using any leverage. Futures trading is optional for users who want higher risk and reward potential.
Withdrawals on Bybit are usually processed three times a day, but network congestion can sometimes cause slight delays depending on the blockchain used.
Yes, you can use Bybit Earn products like flexible savings, fixed staking, and liquidity pools to generate passive rewards without active trading.
Bybit offers competitive fees, with 0% maker fees on spot trading and low taker fees. It’s generally cheaper than some competitors like Coinbase.
Bybit’s VIP Program offers lower trading fees, exclusive promotions, and priority customer support based on your trading volume or asset holdings.
Yes, Bybit’s mobile app is available for iOS and Android. It supports trading, deposits, staking, and wallet management on the go.
If your margin balance falls below maintenance requirements, Bybit automatically liquidates your position to prevent further losses and protect the platform.
Yes, Bybit offers API access for users who want to connect bots, external portfolios, or use custom automated trading systems.
