Bybit is an established crypto exchange aimed at active online traders.
Bybit is an established crypto exchange aimed at active online traders.
Bybit is broker that gives traders access to Cryptos, Futures. Surprisingly, Bybit does not support either of the enormously popular MetaTrader 4 and MetaTrader 5 platforms.
In terms of features offered to traders, Bybit has Demo Accounts and Auto Trading but is missing Islamic Accounts, Social Trading and Signals.
Cryptocurrency traders will have lots of options at Bybit, with 14 different coins to trade: BTC, ETH, EOS, XRP, USDT, BCH, LINK, XTZU, ADA, DOT, UNI, AAVE, SUSHI and XEM.
Please note that Bybit is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
Bybit Summary
Bybit is an established crypto exchange aimed at active online traders.
Ratings
20%
Trust
33%
Instruments
28%
Features
Bonus
None
Instruments
Cryptos, Futures
Demo Account
✓
Min. Deposit
$0
Min. Trade
0.001
Regulated By
MetaTrader 4
✗
MetaTrader 5
✗
cTrader
✗
DMA Account
✗
ECN Account
✗
Mobile Apps
Yes (iOS & Android)
Auto Trading
Yes, via 3rd party software
Trade Signals
✗
Social Trading
✗
Copy Trading
✗
Islamic Account
✗
Cryptocurrency Trading
Bybit offers an extensive selection of crypto derivatives products.
In our review we gave Bybit a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that Bybit is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
