Discover Bybit, one of the most prominent cryptocurrency exchange platforms in 2025. This in-depth article examines its features, fees, reliability, and provides a comprehensive review to help you decide if Bybit is the right choice for you, despite restrictions in France.
Bybit has quickly established itself as an essential cryptocurrency exchange platform on the international scene. Founded in March 2018, it has managed to build a solid user base. Today, it exceeds 20 million users across more than 160 countries. This success is based on innovative service offerings, an intuitively designed user interface, and the ability to handle considerable daily transaction volumes, often exceeding $10 billion USD.
Bybit’s ambition is clear: to make cryptocurrency investment and trading accessible to as many people as possible, regardless of whether they are experienced traders or curious beginners.
The platform offers a wide range of tools and financial products, from spot trading to complex derivative products, as well as diverse savings and investment solutions. Bybit distinguishes itself with its strong focus on trading and decentralized finance (DeFi), offering a robust and high-performance environment for active market operators.
Bybit stands out with an extensive range of features designed to meet the varied needs of cryptocurrency investors and traders. The platform particularly excels in the field of trading, offering access to hundreds of cryptocurrencies on both spot and derivatives markets.
Experienced traders will appreciate the professional and fast interface equipped with advanced analytical tools, such as real-time chart tracking and various order placement options, ensuring optimal trading comfort.
Beyond pure trading, Bybit offers innovative services to diversify investment strategies. The Launchpad allows users to participate in the early launches of promising new projects and tokens. The Earn section offers flexible and accessible savings solutions, notably through staking, enabling the generation of passive income on a selection of cryptocurrencies, including stablecoins like USDT.
Decentralized finance (DeFi) enthusiasts will find value in facilitated access to leading DeFi projects. Bybit has also entered the NFT sector with its own exclusive marketplace, offering a platform to discover, buy, and sell unique digital collectibles.
Finally, the Bybit Card complements the ecosystem by allowing users to spend their cryptocurrencies in the real world. This card offers attractive benefits such as a cashback system that can reach up to 10% in points on certain transactions, waived fees for the physical card, and potential reimbursements on subscriptions like Telegram & X Premium.
One of Bybit’s major assets lies in the diversity of digital assets offered. The platform provides access to a wide range of cryptocurrencies, with more than 300 tokens available for trading and investment. This selection includes not only the essential ones like Bitcoin (BTC) and Ethereum (ETH) but also a vast majority of projects ranking in the top 100 of the market in terms of capitalization.
Beyond the most established cryptocurrencies, Bybit also strives to regularly list smaller tokens and emerging projects, thus offering potentially lucrative, albeit riskier, investment opportunities. Bybit also offers its own native token, BitDAO (BIT), which plays a central role in the platform’s ecosystem and supports various innovative projects in the crypto universe.
This wealth of choices allows users to build diversified portfolios and adapt their strategies to different market trends.
Let’s now look at the strengths and areas for development of the Bybit platform.
Let’s start with the main advantages of the platform:
Bybit offers attractive transaction fees, particularly for Spot trading (0.1% at the base level), positioning itself in the lower average of the market. Fiat deposits are also inexpensive, or even free by bank card.
With more than 300 digital assets available, including major cryptocurrencies and numerous altcoins, Bybit offers great diversity for investment and trading.
The platform offers services such as staking (via Bybit Earn) and a Launchpad to discover new projects, allowing users to generate passive income and access token launches.
Bybit excels in trading, offering sophisticated tools, a high-performance interface, and access to derivatives markets for experienced traders.
Let’s continue with the disadvantages of the platform:
The feature-rich interface can be intimidating and complex for novice cryptocurrency users, requiring learning time.
Although available 24/7, customer support has been criticized for sometimes lengthy response times during high demand periods.
Since October 2023, Bybit no longer accepts new users residing in France, limiting its access for this specific audience pending possible regulation (PSAN). A situation to follow.
Deposit and especially withdrawal methods remain primarily centered on cryptocurrencies, offering less flexibility for operations in fiat currencies than some other platforms.
Bybit’s fee structure is a crucial element to evaluate for any user. The platform positions itself competitively, with transaction fees that vary according to the user’s VIP level and the type of order (Maker or Taker). For Spot trading at VIP level 0 (the base level), fees are generally 0.1% for both Maker and Taker orders.
These rates progressively decrease for higher VIP levels, which are achieved based on trading volume or account balance. For example, VIP level 1 starts from a balance of $250,000 or a substantial trading volume.
For derivatives contracts (Futures), fees are often even lower, typically around 0.02% (Maker) and 0.055% (Taker) for the base level.
Regarding deposits, Bybit is advantageous for fiat currencies. Bank card deposits are often free, but associated with variable fees depending on the provider, while bank transfers (SEPA for example for Euro) can incur minimal fees, generally less than €1. Cryptocurrency deposits are free, with the user only paying the network fees inherent to the blockchain used.
For withdrawals, fees depend on the cryptocurrency and the chosen network. Bybit applies fixed fees per transaction to cover blockchain network costs. It is important to note that these network fees are not set by Bybit but by the blockchain itself and can vary considerably.
The platform provides a detailed fee schedule for each asset and available network. Overall, Bybit’s fees are in the lower average of the sector, making the platform attractive, although the VIP structure tends to favor high-volume traders.
To provide perspective, here is an indicative comparison of Bybit’s fees with two other popular platforms, Binance and Bitget.
Note that these fees are subject to change and may vary according to specific conditions and ongoing promotions.
| Platform | Maker Fees (Spot – Base) | Taker Fees (Spot – Base) | Fiat Deposit (Card) | Fiat Deposit (SEPA Transfer) |
| Bybit | 0.1% | 0.1% | Generally free (variable by provider) | Generally < €1 or free |
| Binance | 0.1% | 0.1% | Variable (often ~1.8%) | Generally €1 |
| Bitget | 0.1% | 0.1% | Variable (depending on third-party provider) | Generally free |
These fees are indicative for base levels and can be reduced through the use of native tokens or by reaching higher VIP levels. Always check the official fee schedules.
Opening an account on Bybit is a very simple process. Here are the key steps for eligible users:
If you want a more complete guide for registration on Bybit, click HERE.
Buying cryptocurrencies on Bybit can be done in several ways, with “Express Buy” or direct purchase being the simplest.
Here are the general steps to acquire your first digital assets on the platform:
Alternative for more advanced users: You can also deposit cryptocurrencies from external wallets or other exchange platforms.
Some negative comments complain about transaction fees between wallets because they are unfamiliar with the least costly networks. An Ethereum transaction is very expensive and is not suitable for small amounts.
If you want to transfer your cryptocurrencies at a lower cost, please use networks like Tron (TRC20), Solana (SOL), or Avalanche for example. Transactions are fast, secure, and with minimal fees (less than $1 per transaction). Here’s how to do it:
That’s it! Note that cryptocurrency deposits may require a certain number of confirmations on the blockchain before being sent to your Bybit account. This will only take a few minutes.
User opinion is a valuable indicator for evaluating a platform. On the famous review site Trustpilot, Bybit displays an average rating of 1.8/5, a score that may seem concerning at first glance. However, a finer analysis of the comments reveals a more nuanced picture.
A significant portion of negative reviews seems to come from dissatisfied users following unsuccessful attempts to abuse the referral system, or from those who have suffered losses related to transactions made without sufficient understanding of the risks or associated fees, particularly the high network fees on certain blockchains like Ethereum.
Complaints about alleged price manipulation or the functioning of certain tools like stop-loss are also mentioned, although these aspects are often complex to verify objectively in the volatile context of crypto markets.
Conversely, positive reviews often come from more experienced traders who praise the robustness of the platform, the richness of advanced trading tools, and the comfort of use for complex operations.
These users highlight the performance of the interface and the diversity of available options, particularly for derivatives trading. It therefore appears that the experience on Bybit can vary considerably depending on the user’s level of expertise and expectations.
In ‘2025’, Bybit confirms its position as a major player, offering a robust and comprehensive platform, particularly suited to active traders thanks to its advanced tools and competitive fees. Its technical reliability and the diversity of its services, from spot to earn to derivatives, are undeniable assets.
Despite an interface that may intimidate novices at first, Bybit remains a solid option for users of all levels. The platform demonstrates a willingness to evolve, notably with all its efforts to obtain its MiCA license and make a comeback in Europe. Our overall opinion is therefore positive for traders seeking performance and diversity.
Léa is a member of the InvestX team, dedicated to guiding users through their learning journey. Passionate about cryptocurrencies, she closely follows market trends. On InvestX.fr, Léa writes articles to help readers decode the latest news and stay informed about the ever-evolving blockchain world.
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