Crediteck
I am a crypto expert. On the market since 2017.
No hype, no "rocket". Only analytics and cold calculation.

TOP crypto exchanges 2026 — bonuses and discounts on commissions

Want to choose a reliable crypto exchange for trading, investing, or copy trading? We've compiled a ranking of the best platforms with bonuses up to 6000+ USDT, commission discounts, and Earn and trading bots.

👉 You can view the full rating and get a bonus here: crediteck.com.ua/crypto.html

Bybit Crypto Exchange: My Trading, Strategies, and Security Experience

Hello! I have been working in the world of cryptocurrency for over seven years and have experience trading on various exchanges. Today I want to talk in detail about Bybit , a platform that is relatively young but is rapidly gaining popularity among traders and investors.

My experience shows that Bybit is suitable for both beginners and experienced traders due to its intuitive interface, powerful trading tools, and high asset security. In this article, I will reveal all the key aspects of working on the exchange, share practical tips, talk about common mistakes, and give recommendations on security and passive income.

Why I chose Bybit

Bybit was founded in 2018 and has already entered the top 100 crypto exchanges by spot trading volume and the top 5 by derivatives. I was personally attracted to the following points:

  1. Intuitive and functional interface - the main page has all the necessary tools to start trading: charts, order books, transaction history.

  2. Mobile app for iOS and Android — allows you to trade and monitor positions anytime, anywhere.

  3. The ability to trade derivatives and futures — including perpetual contracts and leverage up to x100.

  4. Asset security — cold storage of most funds, two-factor authentication, and other security measures.

  5. Flexible ways to work with deposits and withdrawals — support for various cryptocurrencies and fast transactions.

Bybit provides a unique combination of powerful tools for active trading and user-friendly mechanisms for beginners , allowing you to trade, manage risks, and generate passive income at the same time.

Bybit registration: step by step

To get started, you need to create an account on the official website. I always recommend using the official link with a promo code to receive bonuses and privileges.

  1. Enter your email or phone number.

  2. Come up with a strong password and enter your referral code (if any).

  3. Agree to the exchange rules and click "Create Account.".

  4. Confirm your registration via a code sent to your email or phone.

Alternatively, you can log in via Google or Apple. Creating an account takes just a few minutes and you immediately gain access to the exchange's main features.

KYC verification

As of 2025, KYC is mandatory to work with Bybit without restrictions. The procedure includes:

  1. Entering personal data: full name, date of birth.

  2. Upload your passport or driver's license.

  3. Facial recognition procedure for identity verification.

  4. To remove all restrictions, you must confirm your registration address (bank statement or other document).

After passing the first level of KYC, the withdrawal limit increases to 50 BTC per day , which already allows for active trading.

Deposits and withdrawals

In the "Assets" section you can make a deposit or withdraw funds. My experience shows:

  • When making a deposit, it is important to choose the right cryptocurrency and network , otherwise the coins may be lost.

  • The deposit is credited after one confirmation from miners.

  • Withdrawal is only possible with two-factor authentication activated.

  • To simplify repeated transactions, you can add wallet addresses to a list.

This allows you to work quickly and safely, even when the market is very active.

Trading tools

Bybit specializes in derivatives trading and offers a wide range of instruments:

Futures and perpetual contracts:

  • Leverage up to x100.

  • Isolated and cross margin for flexible risk management.

  • Dual price mechanism to protect against unfair liquidations.

Order types:

  • Market order — instant purchase or sale at the market price.

  • Limit order — setting a fixed price.

  • Conditional order — automatic execution when the trigger is reached.

  • Stop-loss / Take-profit are risk management tools.

Additional features:

  • API and integration with algorithmic bots.

  • Copy trading is the ability to automatically repeat the trades of professional traders.

  • Multi-chart analysis and over 100 technical indicators for professional trading.

Passive income and strategies

Bybit allows you to earn passive income through:

  1. High-yield deposits are similar to bank deposits, but with cryptocurrency.

  2. Staking is participation in the work of the blockchain for a reward.

  3. Algorithmic strategies and bots — such as Gred Trading Bot and DCA (Direct Cost Averaging) — reduce the impact of volatility.

My experience shows that a combination of active trading and passive income provides stable profits and allows you to minimize risks.

Pros and cons of Bybit

Pros:

  • Powerful tools for trading and derivatives.

  • Intuitive interface for beginners and professionals.

  • High liquidity and flexible leverage.

  • Mobile app and API for algorithmic trading.

  • Cold storage of funds and two-factor authentication.

Cons:

  • KYC is required for full functionality.

  • Leverage up to x100 is not recommended for beginners due to high risk.

  • Some rare tokens may not be available on the spot market.

Typical mistakes of beginners

  1. Using leverage without knowing the mechanisms of margin trading.

  2. Ignoring stop-losses and take-profits.

  3. Transferring coins on the wrong network.

  4. Lack of 2FA and basic security measures.

  5. Not using a demo account before active trading.

Safety tips

  • Enable 2FA and confirmation via email or SMS.

  • Use cold wallets to store large amounts of cryptocurrency.

  • Check addresses and networks when making deposits.

  • Test strategies on a demo account before real trades.

  • Update the app regularly and follow official announcements.

Frequently Asked Questions (FAQ)

Is it possible to trade without KYC on Bybit?
No, KYC is mandatory for full functionality and large limits.

What leverage is recommended for beginners?
Up to x5–x10 to minimize risks.

What cryptocurrencies are available on the spot market?
BTC, ETH, USDT, XRP, DOGE and over 100 other tokens.

What is copy trading and how to use it?
You subscribe to the trades of an experienced trader, and the system automatically repeats his actions. This allows you to earn even if you are a beginner.

Conclusion

My experience shows that Bybit is a versatile trading and passive income platform that is suitable for both beginners and professionals. It offers powerful tools for futures, perpetual contracts, options, copy trading, and algorithmic strategies, and also provides a high level of security.

If you want to work effectively with BTC, USDT and altcoins, receive bonuses and protect your assets, Bybit will become a reliable partner in the world of cryptocurrencies.