Bybit Review 2021
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| Bybit is an established crypto exchange aimed at active online traders. | ||
Bybit is broker that offers traders Cryptos, Futures. Surprisingly, Bybit does not support either of the enormously popular MetaTrader platforms (4 and 5).
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
| Bonus | None |
|---|---|
| Instruments | Cryptos, Futures |
| Demo Account | ✓ |
| Min. Deposit | No minimum |
| 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.
| Spread | Variable |
|---|---|
| Coins | BTC, ETH, EOS, XRP, USDT, BCH, LINK, XTZU, ADA, DOT, UNI, AAVE, SUSHI, XEM |
Payment Methods
Bybit accepts the following payment methods:
- Bitcoin Payments
- Credit Card
- Visa
- Mastercard
- Wire Transfer
FAQ
Is Bybit Safe?
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.
Does Bybit Accept PayPal?
No, Bybit does not accept PayPal payments.
Is Bybit Halal?
Probably not, as Bybit does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is Bybit Regulated?
No, unfortunately Bybit is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.
Bybit vs Other Brokers
If you want to compare Bybit with other brokers, use the detailed comparisons below.
Bybit vs |
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| Bybit is an established crypto exchange aimed at active online traders. | ||