Bybit
Offshore centralized exchange for spot, perpetual and options trading that does not serve US users.
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Bybit key facts
| Category | Crypto exchange |
|---|---|
| US availability | Not available (US is an excluded jurisdiction, Terms Section 11.3) |
| Trading fees | 0.10% maker / 0.10% taker |
| Coins available (US) | 3,310+ cryptocurrencies listed |
| Custody | Custodial |
Not verified yet: simple buy fee, debit card purchase, staking (us), us licenses, self-custody wallet. We add a value only after checking it on Bybit’s own pages.
What is Bybit?
Bybit is a centralized crypto exchange offering spot, perpetual futures and options trading. Its Service Restricted Countries page, citing Section 11.3 of its Terms, lists the United States, Canada, Singapore and Hong Kong among excluded jurisdictions. Non-VIP spot fees are 0.10% maker and 0.10% taker.
How Bybit works
Bybit runs its own order books for spot pairs, perpetual and dated futures, and options, all inside one custodial account.
Your fee rate comes from a VIP level, and Bybit assigns the level from either your asset balance or your 30-day trading volume, whichever puts you higher. VIP 1 starts at a $100K balance or $1M in 30-day spot volume. Some markets sit in special zones with their own pricing. Adventure Zone spot pairs and xStocks cost 0.20% maker and taker at VIP 0, and fiat-to-crypto spot pairs cost 0.15% maker and 0.20% taker below $100K of monthly volume. Pre-market perpetuals and the Innovation Zone use separate derivatives rates.
How to start with Bybit
- Sign-up starts with choosing a country of residence, and the help center says that step may redirect you to a regional site or show a restricted-country notice.
- The United States is on the excluded list, so a US resident cannot open an account.
- Bybit recommends registering with email because email plus Google Authenticator are both required before a withdrawal.
- If Bybit finds that a user misrepresented their location, its terms allow it to close the account and liquidate open positions.
Bybit fees and limits
- At VIP 0, crypto-to-crypto spot costs 0.10% maker and 0.10% taker, perpetuals and futures cost 0.02% maker and 0.055% taker, and options cost 0.02% maker and 0.03% taker.
- At the Supreme VIP tier, spot drops to 0.03% maker and 0.045% taker, and perpetual maker fees reach 0%.
Bybit notes that actual rates can vary by region and tells users to check the My Fee Rate page after identity verification.
Risks to know before using Bybit
- On February 21, 2025, $1.4 billion in ETH and stETH was taken from Bybit, according to its own post on the incident.
- The same post says trading, deposits and withdrawals stayed open and that client funds remained backed 1:1.
- For US readers the larger issue is legal: Section 11.3 of the Bybit terms names the United States as an excluded jurisdiction, alongside Canada, Hong Kong, Singapore and the Chinese Mainland.
Bybit alternatives
Other exchanges US customers compare with Bybit.
US exchange run separately from Binance.com, with low order-book fees but limited state coverage.
The largest US-listed crypto exchange, with a simple buy screen and the Coinbase Advanced order book.
US-available crypto exchange with an instant-buy app and the Kraken Pro order book.
US crypto exchange and custodian, public since September 2025, available in all 50 states.
Crypto app available in every US state except New York, with fees shown in the trade preview.
Crypto trading inside the Robinhood app, commission-free by default with an optional exchange-routing mode.
Bybit pros and cons
- Non-VIP spot fee 0.10% maker / 0.10% taker
- Spot, perpetuals and options on one account
- United States is an excluded jurisdiction under Terms Section 11.3
- Also excludes Canada, Singapore and Hong Kong
- Adventure Zone spot pairs cost 0.20% at VIP 0
Bybit FAQ
What is Bybit?
Bybit is a centralized crypto exchange offering spot, perpetual futures and options trading. Its Service Restricted Countries page, citing Section 11.3 of its Terms, lists the United States, Canada, Singapore and Hong Kong among excluded jurisdictions. Non-VIP spot fees are 0.10% maker and 0.10% taker.
Is Bybit available in the US?
Not available (US is an excluded jurisdiction, Terms Section 11.3), according to Bybit’s own page (checked Sep 26, 2026).
What are Bybit’s trading fees?
At the lowest volume tier: 0.10% maker / 0.10% taker. Higher-volume traders pay less.
Does Bybit hold my crypto?
Bybit is custodial: it holds the keys to your balance. To hold your own keys, withdraw to a self-custody wallet.
Sources
How this page works
Sources: Bybit: official site, Bybit: Service Restricted Countries, Bybit: Trading Fee Structure. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.