Bybit app review 2026: is it safe and what does it cost?

The Bybit app is Bybit's free trading app for iOS and Android^†. It suits traders outside the US who want spot, futures, or margin trading at a flat 0.1% fee^†† and don't mind verifying their identity first^†. It is not an option for US residents at all, since Bybit blocks US IP addresses and rejects US ID documents at signup^†.

Bybit launched in 2018 and is based in Singapore^††. Below is what the app charges, what it requires, and what its security record actually looks like, sourced from Bybit's own published pages.

What can you do in the Bybit app?

The app covers spot trading, futures, margin trading, staking, and copy trading^†. It runs in 10 languages^† and support is available 24/7 through the help center and ticket system^†. You can compare this feature set against other exchanges on our exchange directory.

How much does trading cost in the Bybit app?

Both maker and taker orders cost 0.1% at the regular tier^††. Here's the arithmetic on a real order.

A $500 market buy at the 0.1% taker rate^† costs $500 x 0.001 = $0.50 in fees^†.

A $2,000 deposit by bank wire from outside the US costs 0.25% with a $25 minimum^†: $2,000 x 0.0025 = $5, but the minimum applies, so the actual fee charged is $25^†.

A $300 card purchase with an EU card at 1.1%^† costs $300 x 0.011 = $3.30 in fees^†.

Card deposit fees are not fixed. They range from 1.1% on EU cards up to 3.05% on non-EU Visa cards, and the exact number only shows on the confirmation screen^†. Run your own numbers with the fee calculator before you deposit.

Is the Bybit app safe to use?

In February 2025, attackers linked to the Lazarus Group stole about $1.5 billion in ETH and staked ETH from Bybit through a compromised Safe{Wallet} multisig signing flow^†. The FBI attributed the attack, and it stands as the largest hack of a centralized exchange on record^†.

Bybit covered the loss itself and restored customer reserves to 1:1 within 72 hours, with no funds lost to customers^†. Since then, Bybit has published 30 monthly proof-of-reserves reports audited by Hacken, an independent third party^†. BTC, ETH, USDT, and USDC reserves stayed above 100% in every report checked from February through September 2026^†. A clean record since the hack doesn't erase the fact that it happened. Weigh that against your own risk tolerance before you move large sums.

Can you use the Bybit app in the United States?

No. Bybit has no CFTC or FinCEN registration and no state money-transmitter license. US IP addresses are blocked and US ID documents are rejected at KYC^†.

Bybit does operate under regulation elsewhere. In the EU, it holds a MiCA authorization through Austria's FMA, issued in May 2025 and covering 29 EEA countries^†. In the UAE, Bybit became the first exchange to receive a full Virtual Asset Platform Operator license from the SCA^†. Check the current status on the relevant regulator's own register before you rely on any of this, since licenses change.

How do you deposit money in the Bybit app?

1. Open the app and tap Deposit.
2. Pick a method: bank transfer, card purchase, crypto transfer, or P2P.
3. US bank wire transfers carry no Bybit fee^†.
4. Non-US bank wires cost 0.25%, minimum $25^†.
5. Card purchases cost 1.1% to 3.05% depending on card type and region^†.
6. P2P trades carry no Bybit fee. The price is set between buyer and seller across roughly 60 payment methods^†.

Withdrawals work differently. Bybit has not published a fixed fee table for crypto withdrawals: the cost depends on the coin and network and only shows at withdrawal time^†. Transfers between your own Bybit accounts are free and instant^†.

Pros and cons

Pros:

• A flat 0.1% maker and taker fee at the standard tier^††.
• Free internal transfers and no Bybit markup on P2P trades^††.
• Monthly proof-of-reserves audits from an independent third party^†.
• A MiCA license covering 29 EEA countries^†.

Cons:

• Closed to US residents entirely^†.
• KYC is mandatory before you trade^†.
• No fixed withdrawal fee table, so you check the app every time^†.
• A February 2025 hack remains the largest on record for a centralized exchange^†.

If you're deciding between Bybit and a rival derivatives-heavy exchange, see our Bybit vs OKX comparison for a side-by-side view.

Common mistakes

Don't assume the card deposit fee is one fixed number. It swings from 1.1% to 3.05% depending on your card and region, and you won't see the exact figure until the confirmation screen^†.

Don't try signing up from a US IP address expecting it to work. Bybit blocks this at the network level, not just at KYC^†.

Don't skip identity verification and hope to withdraw later. KYC is required, and incomplete verification can hold up your funds^†.

Don't expect a P2P price set by Bybit. The seller sets it, and Bybit takes no fee on either side^†.

FAQ

Does the Bybit app charge a monthly account fee?

Not verified. No Bybit source in our records states a recurring account fee. Check Bybit's official fee page before assuming either way.

Can US residents download the Bybit app?

No. US IP addresses are blocked and US ID documents are rejected at signup^†.

What languages does the Bybit app support?

Ten^†.

Our full rating process is explained on the methodology page, and you can see how Bybit stacks up against other exchanges on the best exchanges page.

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RISK: Crypto assets are volatile and unregulated in many jurisdictions. Not financial advice.