I switched to Bybit about two years ago, and honestly, I haven’t looked back. The fees are some of the lowest out there, the interface doesn’t make you want to pull your hair out, and the futures trading engine is rock solid — even during those insane volatility spikes.
If you’re thinking about signing up, I’ll break down the whole process below. It’s pretty straightforward, but there are a couple of things you’ll want to get right from the start — especially if you want to grab the sign-up bonus.
Quick heads up — if you use this referral link when signing up, you’ll get access to the full welcome bonus (up to $30,000 depending on your deposit and trading volume). Without a referral, you won’t see those offers.
Why Bybit, though?
There are dozens of exchanges out there, so here’s why I personally stick with Bybit.
The futures fees are 0.02% maker and 0.055% taker — that’s significantly cheaper than Binance. If you’re trading with any real volume, the savings add up fast. The order execution is also incredibly quick. I’ve tried a few other platforms where you place a market order during a big move and end up with terrible slippage. That almost never happens on Bybit.
They also have copy trading if you’d rather follow experienced traders, and their earn products give you passive yield on crypto you’re just holding anyway. On top of that, their mobile app is actually usable — which sounds like a low bar, but if you’ve ever tried trading futures on some of the other exchange apps, you’ll know what I mean.
One more thing worth mentioning: Bybit has never had a major security breach. In crypto, that matters more than most people realize.

Head to Bybit’s registration page. You’ll need either an email address or a phone number — pick whichever you prefer. Type in your email, set a password (make it a good one — uppercase, lowercase, numbers, the usual), and hit “Create Account.”
You can also skip the manual sign-up entirely and just use your Google or Apple account. That’s probably the fastest route.
Bybit will send you a 6-digit verification code. Check your email or texts, punch it in, and you’re done with the basics. If the email doesn’t show up, check your spam folder — it happens more often than you’d think.

KYC — just get it over with
You’ll need to verify your identity before you can deposit, withdraw, or trade. I know, nobody loves this step, but it’s required on pretty much every legit exchange these days.
Here’s what you need: a passport, driver’s license, or national ID, plus a quick selfie. Go to Account & Security, then Identity Verification. Pick your country, upload clear photos of your ID (front and back), snap a selfie, and submit. Most of the time it’s approved within 10 or 15 minutes. Occasionally it takes longer, but I’ve never had to wait more than a few hours.

Set up 2FA — seriously, do this
Before you deposit a single dollar, turn on two-factor authentication. Go to Account & Security, find Two-Factor Authentication, and set up Google Authenticator. Scan the QR code, enter the 6-digit code it generates, and you’re good.
One thing people always forget: save your backup key somewhere safe. Write it down on paper, store it in a password manager, whatever — just don’t only have it on the phone you might drop in a toilet someday. If you lose access to your authenticator without that backup key, recovering your account is a painful process.
Depositing funds
You’ve got three main options here.
The easiest is a crypto transfer — send USDT, BTC, ETH, or whatever you already hold from another wallet or exchange. No fees on Bybit’s end, and it’s usually confirmed within minutes.
If you’re starting from scratch, you can buy crypto with a card directly on Bybit. They use third-party payment processors, so the fees are a bit higher (usually around 2-3%), but it’s convenient if you just want to get started fast.
There’s also P2P trading, where you buy directly from other users. This is handy if you want to use a specific local payment method or if card purchases aren’t available in your region.

Grabbing the welcome bonus
This is the part most people mess up. The bonus isn’t automatic — you have to claim it through the Rewards Hub after completing certain tasks.
| What to do | What you get |
|---|---|
| Finish KYC | Up to $10 |
| Make your first deposit | Up to $50 |
| Place your first trade | Up to $20 coupon |
| Hit higher deposit/volume tiers | Up to $30,000 total |
After you sign up, head to the Rewards Hub (you can find it in the top menu on desktop or in the app). You’ll see a checklist of tasks — just tick them off one by one. The bonuses show up in your account as trading coupons or USDT, depending on the reward tier.
Make sure you signed up through a referral link first — without one, you won’t see the full bonus offers in the Rewards Hub.

Fees at a glance
| Trading type | Maker | Taker |
|---|---|---|
| Spot | 0.10% | 0.10% |
| Futures (USDT perps) | 0.02% | 0.055% |
| Options | 0.02% | 0.02% |
These are the base rates for regular accounts. If your 30-day volume is high enough, you’ll automatically get VIP tier discounts — maker fees can drop to as low as 0.005% at the highest VIP levels.
Bottom line
Setting up a Bybit account takes about five minutes if you have your ID ready. The platform is solid, the fees are competitive, and the welcome bonus is worth grabbing if you’re going to trade anyway. I’ve been using it as my main exchange for a while now and have no complaints.
If you do decide to give it a shot, make sure to sign up through the link below so you don’t miss out on the bonus rewards.
Disclosure: This article contains referral links. If you sign up through these links, I may earn a commission — it doesn’t cost you anything extra.


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