ByBit is one of the fastest-growing crypto exchanges in the world. It was founded in 2018 by Ben Zhou, a former forex broker. Since then, it has attracted millions of users across more than 180 countries. The exchange is known for its focus on derivatives, especially futures trading.
ByBit started out as a platform for leveraged trading. Today, it has expanded into spot trading, staking, launchpad investing, and more. It’s not the biggest exchange, but it has a loyal user base and a clean interface. Their motto is “Crypto Ark,” which reflects their goal to offer a safe haven during market storms.
Creating an account is fast and simple.
No long forms, no annoying delays. Just a few clicks and you’re in.
You can deposit crypto directly or buy using fiat.
For beginners, using a debit or credit card is the easiest way to start.
ByBit is transparent about fees.
There are also discounts if you hold the BIT token or reach higher VIP levels.
ByBit’s mobile apps are available for both Android and iOS.
The app gets regular updates and is one of the best among crypto platforms.
Deposits:
Withdrawals:
Important: You must enable 2FA to withdraw.
This is where ByBit shines.
ByBit is often seen as a rival to Binance Futures and OKX.
ByBit supports more than 800 coins and tokens.
Some of the most popular include:
New listings are added regularly, especially meme coins and trending tokens.
ByBit is available in over 180 countries.
However, it is not available in:
Users in restricted countries can still view the site, but trading features are disabled.
ByBit takes security seriously.
No major hacks have been reported since launch.
Pros
Cons
ByBit is a solid choice if you’re into futures trading. It combines speed, security, and flexibility in a single platform. Beginners will like the UI, and experienced traders will appreciate the advanced tools. It’s not perfect, but for many users, it’s better than Binance.
Just make sure you’re not in a restricted country and always enable 2FA.
| Founded | March 2018 |
|---|---|
| Founder | Ben Zhou |
| Headquarters | Dubai |
| Native Token | BIT |
Yes, in most countries. But it’s not allowed in the US and some others.
Yes, if you want to withdraw or use advanced features.
Yes. The platform uses top-grade security and has never been hacked.
Yes. The mobile app is one of the best on the market.
Usually under 30 minutes. But there are fixed withdrawal times.
Spot: 0.1%. Futures: 0.01% maker / 0.06% taker.
I'm Marten, a crypto nerd and tech writer who’s been deep into blockchain since 2015. I started with Bitcoin trading and later got into Ethereum and smart contracts. Over the years, I’ve tested all kinds of platforms, from DeFi tools and P2P betting sites to Web3 apps. On kryptium.co, I write simple and honest articles to help people understand what’s happening in crypto. I focus on real stuff: how things work, what tools are worth using, and what to watch out for. My background in software development helps me break down complex topics so others can actually use the info. I believe in open, decentralized systems and think crypto should be easier to understand, even for beginners. That’s what I try to do with every post I publish.