Bybit Review 2026: 3.8 Out of 5, the Deepest Perpetuals Book Outside the US, and a $1.46 Billion Theft Covered in 72 Hours
- Bybit scores 3.8 out of 5 overall, with a 5.0 on derivatives and a 3.5 on fees, asset coverage, security and custody and deposits and withdrawals.
- Spot fees are 0.1000% maker and 0.1000% taker at VIP 0, or 0.0750% paid in MNT, and perpetuals are 0.0200% maker and 0.0550% taker on USDT, USDC and inverse contracts, with one schedule for web and API orders.
- On $500,000 of monthly BTC perpetual taker volume Bybit costs $3,300 a year against $1,200 at MEXC's 0.020% Special Rate, and on the same volume of resting spot orders it costs $6,000 against $0; a bot through an API pays $3,300 on Bybit and $4,800 on MEXC.
- On 21 February 2025 an attacker gained control of a Bybit cold wallet during a routine transfer, reported losses were roughly $1.4 to $1.5 billion, reserves were reassembled within 72 hours, withdrawals stayed open and no user losses were reported.
- Bybit EU holds a MiCA authorisation from Austria's FMA with spot and margin but no perpetuals, the UK relaunch of December 2025 covers spot and P2P only, and Bybit exited Japan and Malaysia.
- Third-party trackers attribute roughly 740 perpetual contracts to Bybit against more than 1,040 on MEXC's fee page, and Bybit's curated listing policy is a strength on majors and a constraint on the long tail.
Why Do Perpetuals Traders Still Compare Bybit After February 2025?
How We Scored Bybit
Bybit Scorecard 2026: Six Scores and One Overall Figure
Readers weighing more than one platform can start with our guide to the best crypto exchanges in 2026.
Dimension | Score (out of 5) | What we measured | Verified against |
Fees and costs | 3.5 | 0.1000% maker and 0.1000% taker on spot at VIP 0, 0.0750% paid in MNT, 0.0200% maker and 0.0550% taker on perpetuals with a 10% MNT discount that excludes API trades, 0.0200% and 0.0300% on options, 0.2000% on Adventure Zone and xStocks pairs, VIP 1 at about $250,000 in assets or $10 million of 30-day futures volume | Published fee structure and help centre |
Asset coverage | 3.5 | Roughly 740 perpetual contracts attributed by third-party trackers, a curated spot list with an Adventure Zone for newer tokens, seven days of delisting notice and a withdrawal window of about three months in our listing disclosure index | Third-party trackers, our listing disclosure index |
Derivatives | 5 | Unified Trading Account pooling collateral across spot, margin, perpetuals and options, USDC-settled options at 0.0200% maker and 0.0300% taker, pre-market perpetuals, copy trading with per-master parameters, deep books on major contracts | Fee structure and product documentation |
Security and custody | 3.5 | February 2025 cold-wallet theft of roughly $1.4 to $1.5 billion, reserves reassembled within 72 hours, withdrawals open throughout, no user losses reported, Merkle-tree proof of reserves with third-party wallet verification audited monthly by Hacken since June 2024, an insurance fund for derivatives | Mainstream reporting, Hacken, proof-of-reserves pages |
Deposits and withdrawals | 3.5 | Crypto rails with standard KYC, spot and P2P rails in the UK since December 2025, limits set per verification level, fiat routes that vary by entity and were not measured on an open page in this review | Help centre and terms |
Customer support | 4 | Help centre and live chat channels; timed ticket test not yet run | Platform support pages |
Overall | 3.8 | Average of the six dimensions | Methodology page |
What Does Bybit Charge in Fees?
Scenario | Bybit at VIP 0 | MEXC at the standard tier |
$1,000 of monthly spot taker volume | $12 a year at 0.1000%; $9 paid in MNT | $6 a year at 0.05%; $4.80 with the MX deduction |
$50,000 of monthly spot taker volume | $600 a year; $450 paid in MNT | $300 a year; $240 with the MX deduction |
$500,000 of monthly spot maker volume | $6,000 a year at 0.1000% | $0 at the published maker rate |
$500,000 of monthly BTC perpetual taker volume, web or app | $3,300 a year at 0.0550%; $2,970 paid in MNT | $1,200 a year at the 0.020% BTCUSDT Special Rate; $960 with the MX deduction |
$500,000 of monthly perpetual taker volume through an API | $3,300 a year at 0.0550% | $4,800 a year at 0.080% on MEXC's API futures schedule |
How Broad Is Bybit's Asset Coverage?
How Strong Is Bybit for Derivatives?
Is Bybit Safe After the 2025 Hack? Security, Custody and the 72-Hour Record
How Easy Are Deposits and Withdrawals on Bybit?
What Is Bybit Customer Support Like?
Where Is Bybit Available, and What Changed in the UK, the EU and Japan?
Bybit Benefits and Limitations
- A Unified Trading Account and a USDC-settled options market at 0.0200% maker and 0.0300% taker, which very few centralised exchanges run.
- One derivatives schedule for web and API orders, which makes Bybit the cheaper venue for bots by a wide margin.
- A February 2025 record of reassembling reserves within 72 hours with withdrawals open and no user losses, and monthly Hacken-audited proof of reserves since June 2024.
- A MiCA-authorised EU entity, a UK spot and P2P venue, and copy trading with per-master parameters.
- A spot rate of 0.1000% on both sides at VIP 0, a 0.2000% rate on Adventure Zone and xStocks pairs, and a VIP 1 threshold most accounts never reach.
- A cold-wallet signing process that was compromised in February 2025, an incident still inside the two-year window our rules use.
- Roughly 740 perpetual contracts against more than 1,040 at the broadest competitor, and no perpetuals for UK retail or EEA customers.
- Exits from Japan and Malaysia, and fiat routes that vary by entity and could not be measured on an open page in this review.
Who Bybit Is For, and Who Should Look Elsewhere
- Your positions are meant to offset one another and the Unified Trading Account saves you real capital.
- You trade options or multi-leg structures, which most offshore venues do not offer.
- You run bots through an API and want one schedule for every route.
- You place resting orders on many pairs and a 0.1000% maker fee is a number you notice.
- You want small-cap contracts that a curated list of roughly 740 does not reach.
- You live in the United States, Canada or Japan, or you are a UK retail trader who needs perpetuals, where Bybit cannot serve you.
Our Bybit alternatives comparison covers the derivatives venues that compete on that execution cost.
The MEXC View
Our full MEXC vs Bybit comparison sets out where each platform leads.
Frequently Asked Questions
Risk and Compliance Notice
Read More
- Bybit KYC Requirements (2026): Which Level Do You Actually Need, and Is 20K USDT Without It Still Real?
- How to Transfer Crypto From Bybit to Another Exchange: Why Is Your Transferable Amount Smaller Than Your Balance?
- Bybit vs Bitget (2026): 0.055% or 0.06% on Perpetuals, and Which One Is Still Open Where You Live?
- OKX vs Bybit (2026): 0.05% or 0.055% on Perpetuals, 0.08% or 0.10% on Spot, and Which One Is Licensed Where You Live?
- Bybit vs KuCoin (2026): 0.055% or 0.06% on Perpetuals, 447 or 889 Coins, and Which One Serves Your Country?
- Top 10 Crypto Exchanges by Trading Volume 2026: $18.7 Trillion Traded, and Four Rankings That Disagree
- Crypto Exchange Fee Comparison: Only 6 of 12 Exchanges Will Show You Their Fees Without an Account
Related Articles
View More
MEXC On-Chain Daily Report: CFTC Approves Single-Stock Perpetual Futures — Could U.S. Regulated Markets Reshape Crypto Derivatives?
Updated: November 4, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Bhutan’s Gelephu gains authority to include Bitcoin and other digital assets in reserves Stellar Bell upgrade goes live on testnet

Anthropic Q3 2026 Results: $16.96 Billion in Revenue, a $567 Million Operating Loss, and What It Means for the IPO
Anthropic's Q3 2026 results did not arrive on an earnings call but inside an amended IPO filing on November 2. They cut both ways: revenue climbed to $16.96 billion, but the company slipped from an

Can You Get Anthropic Shares at the IPO Price? How to Buy the Anthropic IPO From Anywhere
Buying the Anthropic IPO at the offer price comes down to one thing: a broker that receives part of the deal. As of October 29, 2026, Anthropic (ANT) hasn't priced its shares or named its retail
Popular Articles
View More
MEXC Crypto Macro and Trading Weekly Report: FOMC Holds Steady, Can Bitcoin Hold the $80,000 Mark?
Settlement Period: October 21, 2026–October 28, 2026 Release Date: October 29, 2026 Data Sources: MEXC platform data, Farside Investors, CoinGlass, CoinDesk, Reuters, CNBC TL;DR Macro Outlook: The

What Is EIP-7702? Ethereum's Smart Account Feature Explained, and How to Stay Safe
On October 29, 2026, an Ethereum hot wallet belonging to Binance was emptied in a single transaction. The tool behind the drain was EIP-7702, a feature that went live on Ethereum in May 2025. As of
![[Complete Guide to Crypto Trading] Beginner's Guide: How to Safely Buy Your First Cryptocurrency?](https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20261025184140311BdXQmbfitXY9lI.png)
[Complete Guide to Crypto Trading] Beginner's Guide: How to Safely Buy Your First Cryptocurrency?
Dear MEXC Users, Welcome to the new series from MEXC Beginner's Academy—“The Complete Guide to Mastering Crypto Trading.” Over the next four weeks, we will guide you in building a trading system from

US Stocks Weekly on October.17-22 | Nasdaq Plunges 2.6% in One Day, Goldman Says AI Capex Is About Half of S&P 500 Earnings Growth
Weekly Market Recap Thursday's selling centered on AI and the chip supply chain. Chip equipment maker Lam Research (LRCX) said on its earnings call that supply chain limits kept its revenue guidance
Hot Crypto Updates
View More
Tether Adds BTC as Spot ETFs See Net Outflows【MEXC Alpha Trader – Daily Market Brief (November 4, 2026)】
I. Macro & Market Sentiment · Market Data: BTC $76,889.00 (-0.12%) | ETH $2,261.36 (+0.35%) | SOL $91.83 (-0.32%) · Market Sentiment: Funding Rate +0.0100% | Fear & Greed Index 34 (Fear) · Elections:

Bitcoin (BTC) Price Prediction 2026 to 2030: $75,820 Cost-Basis Floor, Institutional Targets, and MEXC $21.03M Near-Touch Depth
Overview Trading at $76,879.82 USD as of November 3, 2026 at 17:32 SGT (09:32 UTC), Bitcoin (BTC) holds a Q4 2026 structural range anchored by the $75,820.00 Short-Term Holder Realized Price on the

MEXC vs Binance Liquidity: $21.03M Near-Touch Depth and BTC, ETH Futures Execution Compared
Overview In Bitcoin (BTC) and Ethereum (ETH) perpetual futures execution, MEXC ranks first among nine major exchanges in 0.03% near-touch order book depth at $21.03 million and delivers the

Short-Term Holders Send Large Amounts of Loss-Making BTC to Exchanges【MEXC Alpha Trader – Daily Market Brief (November 3, 2026)】
I. Macro & Market Sentiment · Market Data: BTC $77,003.00 (-1.68%) | ETH $2,254.67 (-1.48%) | SOL $92.17 (-2.78%) · Market Sentiment: Funding Rate +0.0100% | Fear & Greed Index 26 (Fear) · Elections:
Trending News
View More
Bitcoin-Backed Borrowing: How Circle Unlocks USDC
Circle has launched Digital Asset-Backed Borrowing for eligible Circle Mint LLC customers, creating an integrated institutional workflow that allows Bitcoin holders to access USDC liquidity without fi

Altcoin Trading Volume Nears 4x BTC—Is Rotation Real?
Altcoin trading volume has surged relative to Bitcoin, with recent spot activity approaching four times BTC spot volume and reaching its strongest relative level since September 2025. The shift is not

Join the MEXC Community
Get the latest listings, events, and updates in real time, straight from our official Telegram channel.








