What Is Bybit?
Bybit: Empowering Crypto Traders with a Leading Centralized Exchange
As a cryptocurrency centralized exchange (CEX), Bybit prides itself on providing a professional platform equipped with an ultra-fast matching engine, top-notch customer service, and multilingual community support. Since its establishment in March 2018, Bybit has garnered a substantial user base, serving over 10 million individuals and institutions. The platform grants access to a vast array of assets and contracts, spanning Spot and various crypto derivatives, including Futures and Options. Furthermore, Bybit offers an impressive lineup of products, such as launchpad projects, earn opportunities, an NFT Marketplace, and more.
Bybit has earned its place as a distinguished partner of prominent entities, including Formula One racing team Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports. Additionally, it holds associations with esteemed football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
Among the extensive product offerings on the platform, users can explore Spot trading, a wide range of derivatives like USDT perpetuals, USDC perps, inverse perps, futures, USDC options, and leveraged tokens. Additionally, Bybit provides an NFT marketplace, Bybit Earn, Buy Crypto services, and options trading, catering to the diverse needs of crypto traders worldwide.
Who Are the Bybit Founders?
The crypto derivatives exchange, Bybit, was co-founded by its current CEO, Ben Zhou. Following his graduation from The University of Pennsylvania, Zhou returned to China, where he accumulated seven years of experience working at XM, a prominent forex brokerage company in the country. In 2018, he took a significant step in the crypto industry by co-founding Bybit.
Bybit Restricted Countries
The global platform is available to customers worldwide, except for countries with service restrictions such as the U.S, Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, Mainland China.
What Coins Are Supported on Bybit?
Bybit has over 100 crypto tokens listed and over 300 spot trading pairs, including major coins like: BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT and more.
How Much Are Bybit Fees?
Bybit employs a tiered fee structure based on the maker-taker model, with various tier levels available, including: non-VIP, VIP 1, VIP 2, VIP 3, Pro 1, Pro 2, and Pro 3.
For non-VIP level users, spot trading incurs maker and taker fees of 0.10%, while perpetual and futures trading involves a 0.06% taker fee and a 0.01% maker fee.
For Pro 3 level users, spot trading fees are reduced to 0.02% for takers and 0% for makers. Similarly, derivatives trading fees for Pro 3 users stand at 0.03% for takers and 0% for makers.
When Did Bybit Launch?
Bybit was launched in March 2018.
Where Is Bybit Located?
The company is registered in the British Virgin Islands as Bybit Fintech Limited, and is headquartered in Singapore with offices in Hong Kong and Taiwan.