Introduction to Bybit

Founded in 2018 and headquartered in Dubai, Bybit is the world's third-largest cryptocurrency exchange (by derivatives trading volume). Key features:

  • Excellent futures trading experience with deep liquidity and low slippage
  • Supports spot trading, perpetual contracts, options, and wealth management
  • Clean interface, beginner-friendly
  • Spot trading fee: 0.1% (Maker/Taker)
  • Futures trading fee: 0.02% (Maker) / 0.055% (Taker)

Preparation Before Registration

  • Valid email address (Gmail/Outlook recommended)
  • Phone number
  • ID card or passport (for KYC)
  • Stable internet connection

Detailed Bybit Registration Steps

1 Visit the Bybit Website
Open your browser, go to bybit.com, and click "Register" in the top right corner.
2 Choose Registration Method
Bybit supports email and phone number registration. Email registration is recommended for easier account recovery.
3 Fill in Account Information
Enter your email address, set a password (at least 8 characters, including uppercase and lowercase letters and numbers), and enter an invitation code if you have one.
4 Complete Security Verification
Complete the CAPTCHA by dragging the slider, then enter the 6-digit verification code sent to your email.
5 KYC Identity Verification
Go to "Account Security" → "Identity Verification", select your document type, upload photos, and complete facial recognition.
Bybit's KYC verification is usually completed within 5 to 15 minutes, but may take 1 to 2 hours during peak times. It is recommended to submit during business hours on weekdays.

Bybit KYC Verification Levels

Bybit's KYC is divided into two levels:

  • Standard Verification (Lv.1): Upload document photos, daily withdrawal limit of 1,000,000 USDT
  • Advanced Verification (Lv.2): Additional video verification, no withdrawal limit

Completing Lv.1 verification is sufficient for most regular users' daily needs.

Security Settings After Registration

  1. Bind Google Authenticator: Go to "Account Security" → "Google Authenticator"
  2. Set a Funds Password: Different from your login password, used for withdrawal confirmation
  3. Enable Login Notifications: Receive email alerts immediately for any unusual login attempts
  4. Set Up Withdrawal Whitelist: Only allow withdrawals to specified addresses
Bybit does not support direct fiat currency deposits. You need to purchase USDT on platforms like Binance first, then transfer it to your Bybit account.

How to Deposit Funds into Bybit?

Bybit does not support direct fiat currency deposits. Common deposit methods include:

  1. Purchase USDT on Binance and transfer it to Bybit via on-chain transfer (TRC20 network recommended for low fees)
  2. Use third-party fiat currency channels (available in some regions)
  3. Transfer from other exchanges

💡 Buy USDT on Binance First, Then Transfer to Bybit

Binance C2C supports purchasing USDT with RMB, with low fees and fast settlement

Register for a Binance Account →

Frequently Asked Questions

Is Bybit suitable for beginners?

Bybit's spot trading interface is clean and beginner-friendly. However, futures trading carries higher risk. It is recommended that beginners start with spot trading to get familiar with the market before considering futures.

Which is better, Bybit or Binance?

Both have their strengths: Binance offers more coins and better liquidity; Bybit provides a superior futures trading experience and a cleaner interface. It is recommended to register for both and choose based on your needs.