Hash Hedge Review 2026: Features, Pricing, Pros & Cons
Hash Hedge is a crypto and RWA prop trading firm that sells paid challenges, with funded accounts of…
Hands-on: The ToolReviewHub team has used Bybit ourselves. Fees, limits and availability below come from Bybit’s official pages on the date shown, so confirm them before you deposit.
Disclosure: the Bybit links on this page are affiliate (referral) links. If you sign up through them we may earn a commission at no extra cost to you. It does not change our review; see our affiliate disclosure.
Risk warning: cryptocurrency and leveraged derivatives are high risk and you can lose all of your money. This review is general information, not financial advice. Bybit is not available in every country, and the rules where you live may restrict or ban crypto trading. Only use money you can afford to lose.
Quick verdict: Bybit is one of the largest crypto exchanges, with a deep derivatives market, a wide product range from spot to copy trading to a crypto card, and standard fees (0.10% spot, 0.02%/0.055% on perpetuals). Its biggest negatives are the February 2025 hack of about $1.5 billion, a long list of excluded countries, and region-dependent fees. See Bybit and check if it is available where you live before you register.
Bybit is a centralised cryptocurrency exchange launched in 2018. It started as a derivatives platform and now covers spot trading, perpetual and futures contracts, options, spot margin, copy trading, trading bots, flexible Earn products, a crypto card, P2P trading, a launchpad and, more recently, “TradFi” markets for stocks, gold and forex. Its homepage shows 90M+ global users, $27B+ in average daily trading volume, 3,398+ cryptocurrencies listed and 24/7 customer support. These are Bybit’s own figures as shown on October 31, 2026.
Bybit’s official fee page (last updated September 2, 2026) says trading fees depend on your VIP level, which is set by asset balance or 30-day volume, whichever qualifies you for the higher tier. It also warns that actual fee rates may vary depending on your region, so check the “My Fee Rate” page after identity verification.
| VIP level | Spot taker / maker | Perpetuals and futures taker / maker | Options taker / maker |
|---|---|---|---|
| VIP 0 (everyone) | 0.1000% / 0.1000% | 0.0550% / 0.0200% | 0.0300% / 0.0200% |
| VIP 1 | 0.0800% / 0.0675% | 0.0400% / 0.0180% | 0.0200% / 0.0150% |
| VIP 3 | 0.0750% / 0.0625% | 0.0350% / 0.0140% | 0.0200% / 0.0150% |
| VIP 5 | 0.0500% / 0.0400% | 0.0320% / 0.0100% | 0.0150% / 0.0100% |
| Supreme VIP | 0.0450% / 0.0300% | 0.0300% / 0.0000% | 0.0150% / 0.0050% |
For comparison, Binance charges 0.10% maker and taker for regular spot users (0.075% when paying with BNB), so for small spot traders the two are about the same. See also our reviews of Coinbase and KuCoin.
The February 2025 hack. On February 21, 2025, hackers drained roughly $1.5 billion, mostly in ether, from a Bybit cold wallet. It was called the largest crypto theft ever, and the FBI attributed it to North Korea’s Lazarus Group (“TraderTraitor”). Bybit secured a bridge loan, closed the shortfall in its ETH holdings and returned withdrawals to normal, although it saw very large outflows in the days after. In 2026 Bybit sued North Korea and the Lazarus Group in a US federal court and obtained an asset freeze order, according to CoinDesk. Customer withdrawals were honoured, but the incident shows that even large exchanges can lose funds.
October 2026 update: when Binance disclosed its security breach on October 29, 2026, CoinDesk reported that Bybit said it was not affected and that trading and withdrawals were running normally.
Bybit’s official “Service Restricted Countries” page (updated October 16, 2026) says Bybit does not offer services to users in excluded jurisdictions including the United States, the Chinese Mainland, Hong Kong, Singapore, Canada, North Korea, Cuba, Iran, Uzbekistan, the Crimea region and non-government-controlled areas of Donetsk, Luhansk, Kherson and Zaporizhzhia, Sudan, Syria, and (for one Bybit entity) Dubai. Bybit may add jurisdictions at its discretion. Using a VPN to get around restrictions can get your account closed and your funds frozen, so do not do it.
Bybit’s help center says on-chain withdrawals carry a fee that depends on the coin and the chain you select, and that the exact fee and minimum are shown in the withdrawal window before you confirm. Crypto deposits are generally free of Bybit fees (network costs on the sending side still apply). Bybit’s own learning articles give rough guides for sending USDT to a personal wallet: about 1 USDT on Tron (TRC20), about 0.5 to 1 USDT on BNB Smart Chain (BEP20) and about 5 to 15 USDT on Ethereum (ERC20). These are estimates, not a fee schedule, so rely on the withdrawal window.
Your actual fee rate is shown on the “My Fee Rate” page after identity verification, and some services are restricted in your country.
Bybit is a large, long-running exchange with tens of millions of users, but it has had a major security incident and is excluded from several countries. Check whether it is allowed where you live before using it.
Base spot fees are 0.10% maker and taker. Perpetuals and futures start at 0.02% maker and 0.055% taker. Fiat purchases start at 0.15% maker and 0.20% taker, and special zones cost more.
Excluded jurisdictions include the United States, Canada, Hong Kong, Singapore, the Chinese Mainland, North Korea, Cuba, Iran, Uzbekistan, Sudan and Syria, among others. See Bybit’s official page for the current list.
Bybit asks for identity verification, and your actual fee rate is shown on the “My Fee Rate” page once you complete it. Requirements vary by country and by what you want to do, so read Bybit’s current rules.
Yes. In February 2025 about $1.5 billion was stolen from a cold wallet, attributed to North Korea’s Lazarus Group. Bybit covered the shortfall and kept withdrawals running.
Fees are similar for small spot traders. Both have had security or compliance problems. Read our Binance review and choose the exchange that is legal and well supported in your country.
Bybit is a capable, fee-competitive exchange for spot and derivatives traders, with a broad product range and good liquidity. The hack, the country restrictions and the risks of leveraged trading mean it is not for everyone. If it is available where you live, open a Bybit account, start with spot, set up security carefully, and never deposit more than you can afford to lose.
Method: this review is based on Bybit’s official homepage, fee-structure help article and Service Restricted Countries page as read on October 31 and November 1, 2026, news coverage from CNBC and CoinDesk for the hack, and our own use of the platform. Fees, promotions and restrictions change, so confirm them on Bybit’s site.
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