Reviews of Bybit are mixed, with many users noting the platform's convenience and profit potential, but there are also serious complaints about technical issues and inadequate support.
Generated by AI based on published reviews and public data. For reference only and may contain inaccuracies.
Review Time
I've been using this crypto exchange for some time now, and so far, my impressions are only positive. The platform is convenient and easy to understand, the interface is simple, so I quickly figured out where everything is located. Buying, selling, depositing, and withdrawing funds happen without unnecessary complications.
I especially like the stability of the service—I haven't encountered constant freezes or any unclear errors. All the main functions are at hand, and it's easy to monitor the transaction history and balance.
Overall, the exchange leaves a good impression. For me, the most important things are convenience, speed, and a decent attitude towards users. I hope the team continues to develop the platform and improve its functionality. For now, everything suits me, so I can confidently recommend it to anyone looking for a user-friendly crypto exchange. 👍
I've been trading on Bybit for over a year. It's one of the best cryptocurrency exchanges for futures trading. Pros: high liquidity, a wide range of pairs, low fees, and a convenient app. There is P2P trading, staking, and copy trading. Customer support is available 24/7. I recommend it.
I am an experienced trader and over the past 4 years, I have used almost all exchanges and their apps. I registered on Bybit almost immediately after their launch. At first, I received a bonus for depositing. I monitored the platform for a while, and when I was convinced of its reliability, I transferred almost all my funds here. The app is excellent, it doesn't freeze or lag even during moments of market activity. Give it a try, you won't regret it.
Getting to know the Bybit exchange starts right at the registration stage and receiving the bonus. When you register using a friend's referral link, you can get $20 if you meet the conditions: make a deposit of at least $20 and have a trading volume of over $250. However, after meeting these conditions, the bonuses are not credited. The exchange claims that rules were violated after an investigation, but they do not explain which specific rules were broken. As a result, they withhold the $20, which cannot be withdrawn, only used for trading. Meanwhile, you are supposedly violating the rules after trading with your own funds, not before. This bonus is supposed to help beginners learn trading, good luck! Apparently, this can give you an idea of the problems you might encounter when working on this platform and withdrawing funds.
I decided to participate in the promotion of selling NFTs for 1 cent and invested 2 dollars, after which I successfully bought a token. After a week or two, I wanted to buy a couple more NFTs from this collection since they were inexpensive and had growth potential. I added another 20 dollars and conducted the transaction through EOS, as there were low fees. During the transfer, the token price unexpectedly rose, which brought me an additional profit of 2 dollars and made me happy... But my joy was premature. When I tried to make the purchase, I encountered the error "Risk account restricted." Online support informed me that they would check everything and I should wait for an email. The email stated that due to a violation of the terms of service, my account would be blocked, and I would not be able to make transactions. I was offered to close all open positions and request a withdrawal of funds, following the instructions. I was in shock and asked what exactly I had violated. Support replied that they did not have access to such information and suggested I write to customer support. I explained that I had only one account, without any deceit or proxy. The next day, they simply repeated the first email. I responded, asking which specific clause of the agreement I had violated. I waited another day, and ultimately received a message stating that they could not disclose the exact reasons for the restriction. This is just absurd. They blocked my account without explaining the reason, citing their "terms of use." This is pure fraud. I understand that they don't care about my intentions to buy NFTs; they just saw that I started making a profit due to the rise of a couple of USDT/EOS and decided to block me. I am sure their "secret reasons" can justify any fraud—any income over 15% of the initial amount—and there you go, a ban, because they are afraid of not fulfilling their obligations.
The exchange allowed me to deposit funds, but to withdraw, they require verification. They don't inform you that they don't operate in Crimea. They just blocked my account with my money, and it's impossible to restore it. They sent an email with instructions for recovery, but I don't have access to that either. Bybit is stealing money. Now it's impossible to get my funds back.
The situation is as follows: I opened a short position using 90% of my deposit, and I received a notification about the need to top up my margin, indicating the price of the margin call. I set a limit at 0% since the coin is not very volatile. However, in the end, I received a text message about the position being closed at 11%. I saw that my limit was triggered at the entry price, and I don't understand why this happened. I reached out to support, but they are ignoring me, and this is not the first similar case. Another time, during trading, my limit was taken and dragged down by 7%. I tried to minimize my losses and closed the position at market price, but I received a text about the closure at 12%. I don't trade with large amounts, only $100 considering the 10x leverage, which amounts to $1000, and my loss should have been around -$60. The exchange itself closes limits at arbitrary prices.
At first, the exchange seemed attractive to me; I deposited $1500 on Bybit. Then I changed my Google Authenticator, and immediately I was banned from withdrawing funds and selling coins through P2P trading. For a month, I reached out to support, but no one responded. And then one fine day, I received an email from Bybit stating that they conducted an investigation and found a violation on my account, so they are blocking withdrawals without the possibility of appeal. They didn't specify what exactly was violated; it just seems like they wanted to! What a wonderful cryptocurrency exchange of scammers!
I traded on the exchange with Kus1 for a year. I decided to deposit 7000 USDC for withdrawal through P2P. And then, I received a message from the polar fox — the system detected suspicious withdrawal requests and actions with my account, so they temporarily restricted my withdrawal ability to protect my assets. I completed Kus2 as they asked. But there was no response. If they do respond, it's only with a standard reply, promising to review my request and get back to me soon. Protect your funds from these scammers. Your fate will be the same. You will never see your money again.
I submitted an appeal regarding the order to sell coins in p2p, and the buyer's funds have not arrived for 6 days. They promised to unfreeze the order after three business days allocated for possible transaction delays, but the deadline has passed and the order is still frozen. It is impossible to contact the p2p department, they respond to my requests once a day, and they provide no information about my case.
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ByBit is an online service that provides a platform for cryptocurrency trading. The company offers users tools for trading, analysis, and management of digital assets.
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