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Cerry
A Clunky Crypto Exchange
ByBit has been disappointing. The platform is clunky and hard to navigate, especially for beginners. While fees are competitive, hidden charges and slow withdrawals make it frustrating to use. Customer support is also lacking, with slow responses that don’t always solve problems. It’s not the go-to choice for anyone looking for a smooth and reliable crypto trading experience.
Luke
Need to upgrade
ByBit falls short in several key areas. Customer support is unresponsive, technical issues often disrupt trades, and fees are higher than advertised. The platform is also prone to sudden account freezes and unexpected liquidations, which can result in significant losses.
Kenelm
Good
Bybit is a crypto trading platform that specializes in derivatives and futures trading. It offers a sleek interface, competitive fees, and advanced trading tools that cater well to experienced traders. Security features like two-factor authentication and cold storage help protect user funds. However, the platform is less beginner-friendly, and navigating its more advanced features can be challenging for new users. Customer support, while available, can sometimes be slow to respond. Bybit is a decent choice for experienced traders, but it may not be the best fit for those just starting in crypto trading.
Barnaby
Fast but Risky
Bybit offers a smooth trading experience with fast order execution and competitive fees, but it comes with notable risks. While it excels in derivatives trading and liquidity, the platform has faced regulatory challenges, leading to restrictions in several countries. Security concerns exist, with reports of sudden account freezes and slow customer support. The lack of strong regulatory oversight raises trust issues, making it a risky choice for long-term traders. Overall, Bybit is great for high-speed trading but lacks the regulatory stability and customer service reliability needed for a secure experience.
Luca
Nonsense
The experience with Bybit’s derivatives trading has been nothing but frustrating. While the platform may seem user-friendly, a simple mistake—accidentally clicking the sell icon twice—resulted in an unexpected 100x position, creating a far bigger issue than necessary. What’s worse, Bybit offered little to no support during this crisis. Their customer service was completely unhelpful, responding with nothing but automated messages that did nothing to resolve the problem. Even their so-called educational resources were of no use in preventing or fixing the situation, leaving users feeling stranded. What started as a promising trading experience quickly turned into a nightmare. The lack of real support and the reliance on generic responses make it difficult to trust Bybit’s commitment to its users. After this ordeal, confidence in trading on this platform has completely vanished.
Nick
Frustrating Experience
My experience with Bybit’s derivatives trading turned out to be more frustrating than I expected. While the platform is user-friendly, a simple mistake on my part—clicking the sell icon twice—led to a 100x position, which spiraled into a bigger issue than it should have been. The platform didn’t offer much support during this crisis. I reached out to customer service, but all I got were automated responses that didn’t actually resolve my problem. Despite the presence of educational resources, they didn’t help me avoid or fix the situation, leaving me feeling abandoned by the platform. What I initially thought would be a smooth trading experience quickly turned into a headache. The lack of real support and the unhelpful automated responses make me question Bybit’s commitment to user satisfaction. It’s hard to feel confident trading here again after such a frustrating ordeal.
Harish
Disappointed with Bybit's Recent Ban in India
I’ve been a regular user of Bybit for its user-friendly interface and advanced trading features, but the recent ban in India has been a huge disappointment. With this restriction, I can no longer access my account or trade on the platform, which has left me scrambling to find alternatives. What’s even more frustrating is the lack of proactive communication from Bybit about this issue. There was minimal notice or guidance for Indian users, which has caused unnecessary stress for many. Considering the growing crypto community in India, this decision feels like a significant setback for traders in the region. While Bybit may still be a great platform for users in other countries, this ban has made it clear that regional stability and support are essential factors when choosing a crypto exchange. I hope they address these issues and work towards making their services more accessible in the future.
Suraj Singh
Needs some improvements
I’ve been using Bybit for some time, and it’s a decent platform for crypto derivatives trading. The interface is clean and user-friendly, and the platform offers high leverage options, which can be exciting for experienced traders. I also like their trading competitions and the opportunity to earn rewards-it makes the experience engaging. Though, there are a few downsides. Bybit is heavily geared toward derivatives, so spot traders might feel limited. Additionally, while their customer support is responsive, it could be faster during peak times. The lack of certain advanced features, like staking or a wider variety of coins, can be a drawback compared to competitors. Bybit is a reliable option for derivatives trading, but it might not meet every trader's needs, especially if you’re looking for a more comprehensive trading platform.
Sera
Great Experience with Bybit’s Derivatives Trading
I had a fantastic experience trading derivatives on Bybit. The platform is incredibly user-friendly, and despite a small mistake on my part (clicking the sell icon twice), I was impressed by how quickly I could navigate through the system. Though my accidental click triggered a 100x position, I learned a lot from the experience and appreciated the transparency in how the platform handled my trades. When I reached out to customer support, I received prompt responses from the bot, and I felt that the system was designed to help me resolve issues quickly. Bybit’s educational resources and intuitive interface helped me understand the process better, and I’m confident that I’ll be able to trade with even more precision next time. Overall, I’ve had a positive and rewarding experience.
Walter Gillespie
Technical Issue Resulted in Loss of Account Balance
I had a terrible experience while trading derivatives on Bybit. I accidentally clicked the sell icon twice, and somehow, the second click triggered a 100x purchase that instantly went into liquidation. What’s frustrating is that I didn’t even click the buy icon, yet the system made the purchase and liquidated my position. This seems like a technical error, but unfortunately, I lost all my assets as a result. To make things worse, when I reached out to customer support, the bot was unhelpful and didn’t give me any option to connect with live or human support. User ID: 359570434
Toochukwu Timothy
Unresolved Deposit Issue
It’s been two days since I reported an issue with my deposit on Bybit. While the transaction shows as successful, my account still displays the deposit as "pending". I am unable to access my funds, and this situation is causing significant distress. I urgently request Bybit to release my deposit as soon as possible. Please address this issue quickly, as it is affecting my mental well-being. UID: 199397755 Case number: 1395691
About the company:
Bybit, a top-three cryptocurrency exchange by trading volume, serves over 30 million users globally.
Since 2018, we’ve offered a professional trading environment with an ultra-fast matching engine, 24/7 support, and multilingual assistance.
Partnered with Oracle Red Bull Racing, we’re committed to innovation, security, and user satisfaction. Bybit provides advanced trading tools, educational resources, and competitive fees to empower traders at all levels.
Join Bybit and experience integrity, reliability, and cutting-edge solutions in the dynamic world of cryptocurrency trading.
Address
Dubai, U.A.E.
Website
https://www.bybit.com/
Email
support@bybit.com
Help Center
https://www.bybitglobal.com/en/help-center/