Bybit Supported Cryptocurrency List
Bybit Supported Cryptocurrency List
Bybit is a popular cryptocurrency exchange known for its robust derivatives trading platform, although it also offers extensive spot trading services. This overview provides a beginner-friendly look at what the platform offers regarding supported assets, trading mechanics, and operational features.
Core Features of Bybit
Bybit offers a comprehensive suite of services catering to both novice and experienced traders.
- **Trading Variety:** Supports both Spot market trading and various types of derivatives, primarily Futures contract trading (including perpetual swaps).
- **User Interface (UX):** Offers both a web platform and dedicated mobile applications (iOS and Android) designed for ease of navigation.
- **Asset Support:** Lists a wide array of major cryptocurrencies and numerous altcoins for spot trading, and offers perpetual and dated futures contracts based on popular pairs.
- **Leverage Trading:** Provides significant leverage options, particularly on its derivatives markets.
Fees and Pricing Structure
Bybit operates on a tiered fee structure based on trading volume and VIP level, generally utilizing a maker-taker model.
- **Spot Trading Fees:** Typically lower for market makers (who add liquidity) and slightly higher for market takers (who remove liquidity from the Order book).
- **Derivatives Trading Fees:** Generally competitive, often lower than spot fees, especially for high-volume traders.
- **Funding Rates:** For perpetual futures, traders pay or receive funding fees periodically based on the difference between the futures price and the spot price.
Supported Assets and Markets
Bybit supports a large and growing list of digital assets. While the exact list changes frequently as new tokens are listed, core offerings include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Stablecoins (USDT, USDC)
- A diverse selection of major altcoins (e.g., Solana, Ripple, Cardano, etc.)
The platform divides its markets into two primary categories:
1. **Spot Market:** Direct buying and selling of cryptocurrencies for immediate delivery. 2. **Derivatives Market:** Trading contracts based on the future price movement of an asset, such as perpetual futures contracts.
Order Types Available
Understanding order types is crucial for executing trades precisely. Bybit supports standard order types across its markets:
| Order Type | Description |
|---|---|
| Limit order | Sets a specific price at which you wish to buy or sell. |
| Market order | Executes immediately at the best available current price. |
| Stop Order | Triggers an order (limit or market) once a specified stop price is reached. |
| Conditional Order | Allows setting advanced conditions for order execution. |
For more advanced strategies, especially concerning futures trading, traders might explore concepts like Night Trading in Cryptocurrency Futures.
Liquidity and Market Depth
Bybit is recognized as having high liquidity, particularly in its major derivative pairs (like BTC/USDT perpetual). High liquidity generally means tighter spreads and better execution prices, which is vital when trading large volumes or using high leverage. Traders can assess market depth by reviewing the live data feed in the Order book.
Security Practices
Security is paramount for any exchange. Bybit employs several standard security measures:
- Two-Factor Authentication (2FA) for logins and withdrawals.
- Cold storage solutions for the majority of user assets.
- Encryption protocols for data protection.
For general guidance, users should review Security Tips for Using Cryptocurrency Futures Exchanges Safely.
KYC Requirements and Limits
Bybit offers different tiers of service based on verification status:
- **Unverified (Level 0):** Allows basic access, usually with very low daily withdrawal limits.
- **Identity Verified (KYC Level 1/2):** Requires submission of personal identification documents. Higher levels unlock significantly increased daily withdrawal limits and access to more complex products.
Traders should check the current requirements on the official site, as these policies are subject to regulatory changes. For a general overview of the ecosystem, beginners can refer to Demystifying Cryptocurrency Exchanges: A Step-by-Step Guide for Beginners".
Funding and Withdrawals
Users fund their Bybit accounts via cryptocurrency deposits or fiat on-ramps (depending on region).
- **Deposits:** Generally credited once the required number of network confirmations is achieved.
- **Withdrawals:** Subject to internal processing times and network confirmation times. Daily withdrawal limits are tied to KYC status.
Mobile and Web User Experience (UX)
The platform is designed to be accessible across devices. The web platform is feature-rich, offering advanced charting tools. The mobile apps prioritize speed and ease of access for monitoring positions and executing quick trades, making it convenient for traders on the go.
Risks and Responsible Trading
Trading cryptocurrencies, especially using leverage on Futures contract markets, involves substantial risk. High leverage magnifies both potential profits and potential losses, leading to rapid liquidation if market conditions move against the trader. Users should only trade with capital they can afford to lose and ensure they fully understand the mechanics of the products they trade.
First Steps Checklist
If you are new to Bybit, follow these initial steps:
1. Create an account: Register here 2. Enable Two-Factor Authentication (2FA) immediately. 3. Complete basic identity verification (KYC Level 1) to increase limits. 4. Deposit a small amount of cryptocurrency or use a fiat on-ramp. 5. Familiarize yourself with the Spot market before attempting futures trading. 6. Place a small Limit order to test the execution process.
See also (on this site)
- Bybit Spot Trading Explained Simply
- Understanding Bybit Futures Contracts
- Navigating Bybit's Fee Structure
- Essential Bybit Security Measures
Recommended articles
- The Basics of Cryptocurrency Exchanges: A Starter Guide for Beginners
- Bybit Futures Review
- Bybit: Futures Trading Guide
- Cara Memilih Platform Trading Cryptocurrency Terpercaya untuk Perpetual Contracts
- Bybit Derivatives
Recommended Futures Trading Platforms
| Platform | Futures perks & welcome offers | Register / Offer |
|---|---|---|
| Binance Futures | Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
| Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
| BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
| WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
| MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD) | Join MEXC |
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