ByBit is the second world largest exchange platform providing an innovative technology in crypto trading/web3 space. With bybit exchange, you enjoy Spot Trading, Future Trading, Assets holding/service, Investing, p2p and other greater features. The platform is built with intuitive interface plus copy trading tools which allows user to easily navigate crypto market while having little or no experience. ByBit web3 is a complete package for your cryptocurrency decentralization. By using the platform, you are completely in control of your assets at all time.

The brand ByBit is a Fintech company providing a cryptocurrency exchange service backed by secure decentralised Web. Founded in 2018 by Ben Zhou, with it’s headquarter in Dubai. ByBit is now one of the fastest growing platform with over 70.19M users in 160+ countries. Well, if you are looking to start trading cryptocurrency with cheap platform, this app may suit your needs. This is because ByBit p2p is a zero fee service, while spot and future trading comes with the lowest fee as well Unlike bitget.

ByBit p2p is one of the largest p2p trading ground currently. They offer p2p trading on BTC, ETH and USDT, therefore user can easily trade their cryptocurrency to Fiat without interference. Now what is p2p?

P2P is a method of crypto exchange which allows you to buy and sell cryptocurrencies or any assets without governing bodies. It’s called peer-to-peer system and help both party, the buyer and seller to interact independently, share information and complete a transaction outside third party control.

ByBit p2p system is a free trading tools with best interface and user-friendly tools. I have been using the p2p platform since 2023 and no system malfunction. However the support on their p2p is a bit slow maybe because they don’t charge fee.

If you are new and looking to understand how to trade with bybit, then this review will serve you better. Our guide here covers Spot Trading, Future Trading and p2p trading. Please note that there’s a fee on both future trading and spot trading.

ByBit Spot Trading:

To start trading spot on bybit app, you first need to create account and login after verification you are good to go.

Now that you have a verified account with the exchange, you need to add crypto to your wallet. You can do this by clicking deposit and select the deposit option that best suits you. Copy your wallet address and go to other exchange or wallet provider where you wish to deposit crypto from. Send cryptocurrency you intend to deposit and you get it in your funding wallet instantly. Proceed to ByBit and start trading. When you receive new crypto, it will enter your funding account. Therefore, you need to transfer your assets from funding to trading. Move over to the trade interface, select the crypto pay you wish to trade and buy or sell such pair. Remember you can set your buying or selling price of your choice.

Now that you know how to trade the spot, let’s talk on how you can trade future. This time I assume you have crypto in your wallet, therefore you only need to transfer this crypto to your future wallet. Then select the cryptocurrency trading pairs that suits your investment,  then use the long or short button to predict the market movement. If your predictions is is right,  you make profit,  but if it’s wrong,  you lose unlike spot trading. On the spot trading, if you buy, for example BTC, and the price of Bitcoin goes up, you make profit. However if the price goes down, you lose few percent. Future Trading is risky and can liquidate your future balance, you should approach it with caution as a beginner.

Yes, ByBit was Hacked by north Korean hackers known as Lazarus group. This incident happened early this year 2025 and is ranked the highest in the history of malware attack. ByBit lost $1.4 Billion in Ethereum wallet within 48 hours  of the attack. ByBit took a professional measure in managing the situation and preventing a wider impact thereby getting stronger and better. However the CEO Ben Zhou with board of directors and other relevant teams launch bounty on the hackers. The Lazarus bounty is $140 million to anyone who can track, lock the account where this money was transferred to or trace the group.

Hackers are one thing every business online should prepare to fight. ByBit has shown resilience after the hack, they are now stronger and better with sense of professionalism.

Yes ByBit is safe and trustworthy to use, the company is constantly making changes towards stronger systems. Apart from regulations and license which is considered parameter for safety, users may query the external attacks that can affect their assets. But the fact is that bybit remains equiped to protect users fund. However I have been using the platform for both p2p trading and spot trading, money on the platform is completely safe.

ByBit app offer copy trading tools which allows user to easily copy experienced investors. This process is simple and you can do it with click of button. Therefore you can start trading margins with copy trading tools, no hard work required, just copy another good trader and wait for profit. Please note that it’s not a win-win but the probability of winning is higher. This is because the trader you will copy is equally a user like you and can only predict the market. There’s a possibility that he will lose trade and that will affect your trade if you copied him.

ByBit exchange offer customer support via livechat, email, phone call, contact form and you can visit the address. This is the reliability we are talking about,  you will be able to get support 24/7 whether on the website or ByBit app. If you are looking to partner with the platform, it’s easy to contact them or find a solution on the available FAQs.

Web3 allows you to control your assets without central power. ByBit offer the best web3 app to customers which gives you access to have your crypto in a safe and trustworthy environment. However with web3 wallet you can import and export your crypto assets. It’s easy-to-use and safe as well. The different between exchange and web3 is user beeing in control of their portfolios. Anonymity in transaction and safety. It’s free from government regulation or control, in other words, it’s decentralised.

Finally we will conclude ByBit Review by telling you to start investing with the platform. ByBit app is safe and offer intuitive interface and user-friendly tools to help you start. Therefore even as a beginner, you can still trade crypto with less worry.

The company is operating under Dubai Virtual Assets Regulatory Authority (VARA). Therefore there’s a rules to oversees its operations and ensure fair and transparent trading practices with bybit. This helps to protect investors, and maintain market integrity. Bybit is safe but you can still compare the platform with other crypto exchange as on our list.