Bybit Supported Cryptocurrency List
Bybit Supported Cryptocurrency List
Bybit is a well-known cryptocurrency exchange that offers a wide range of trading products, including spot trading, derivatives (futures), and various investment opportunities. This overview aims to provide a beginner-friendly look at the platform and its supported assets.
Core Features of Bybit
Bybit is recognized for its fast execution speeds, robust security, and focus on derivatives trading, although its spot market has grown significantly. Key features include:
- **Derivatives Trading:** Offering perpetual and dated futures contracts on numerous pairs.
- **Spot Trading:** A traditional exchange environment for buying and selling cryptocurrencies instantly.
- **Staking and Earn Products:** Ways for users to earn passive income on their holdings.
- **High Liquidity:** Especially within its major futures markets.
For those new to the space, it can be helpful to read How to Get Started with Cryptocurrency Exchanges Without Overwhelm before diving in.
Fee Structure
Bybit operates on a maker-taker fee model. Fees generally vary based on the user's VIP level, which is determined by trading volume and/or asset holdings. Lower VIP levels typically incur higher fees, while high-volume traders benefit from reduced rates.
Supported Assets and Markets
Bybit supports a large and constantly expanding list of cryptocurrencies. The assets available are generally categorized into the Spot market and the derivatives markets (Futures).
The exact list of supported assets changes frequently as new tokens are listed. Generally, major assets like Bitcoin (BTC), Ethereum (ETH), and numerous popular altcoins are available for both spot trading and as underlying assets for futures contracts.
Example Supported Pairs
The following table provides a simplified, illustrative example of the types of trading pairs available on the platform:
| Market Type | Base Asset | Quote Asset |
|---|---|---|
| Spot | BTC | USDT |
| Futures | ETH | USD |
| Spot | SOL | BTC |
Spot Trading vs. Futures Trading
Bybit hosts two primary trading environments:
- **Spot market**: In spot trading, users buy and sell the actual underlying cryptocurrency assets. If you buy BTC/USDT, you receive BTC into your wallet. This is direct ownership.
- **Futures contract**: Futures contracts are agreements to buy or sell an asset at a predetermined price on a specified date (for dated futures) or indefinitely (for perpetual futures). Traders use these primarily for speculation or hedging, often employing leverage. Understanding the basics of a Futures contract is crucial before engaging in this market.
Order Types
To manage trades effectively, Bybit supports several order types:
- **Limit order**: An order placed to buy or sell an asset at a specific price or better. This order rests in the Order book.
- **Market order**: An order to buy or sell immediately at the best available current price.
- **Stop Orders**: Various conditional orders (e.g., Stop Limit, Stop Market) that execute only when a specific trigger price is reached.
Liquidity and Markets
Bybit is known for having deep liquidity, particularly in its major perpetual futures contracts. High liquidity means that large orders can be filled quickly without significantly impacting the market price, which is reflected in generally tight spreads on its Order book.
Security Practices
Security is a major focus for Bybit. Key security measures typically include:
- Two-Factor Authentication (2FA).
- Cold storage for the vast majority of user assets.
- Anti-phishing codes.
Users are strongly encouraged to enable all available security features.
KYC Requirements and Limits
Bybit utilizes a tiered Know Your Customer (KYC) system.
- **Tier 1 (Basic Verification):** Usually requires basic identification information. This tier typically allows for modest daily withdrawal limits.
- **Tier 2 (Full Verification):** Requires more extensive documentation (like proof of address). Higher tiers unlock significantly higher trading and withdrawal limits.
Users who do not complete KYC may face restrictions on certain features or higher withdrawal caps.
Funding and Withdrawals
Deposits (funding) are generally processed quickly once confirmed on the blockchain. Withdrawals require manual or automated processing by the exchange and are subject to network confirmation times and daily limits based on the user's KYC status.
User Experience (UX)
Bybit offers both a robust web platform and dedicated mobile applications for iOS and Android. Both interfaces are generally considered user-friendly, though the sheer number of features, especially in the derivatives section, can sometimes feel complex for absolute beginners. Advanced users may find tools for utilizing a [[Cryptocurrency trading bot] integrated into the platform or via API access.
Risks and Responsible Trading
Cryptocurrency trading, especially involving leverage via Futures contracts, carries significant risk. It is possible to lose the entire investment principal. Users should only trade with funds they can afford to lose. It is helpful to research and compare platforms, such as reviewing the Top Cryptocurrency Trading Platforms in : A Comprehensive Review.
First Steps Checklist
Before trading on Bybit, beginners should complete these steps:
- Create an account: Register here
- Enable Two-Factor Authentication (2FA).
- Complete necessary KYC verification based on intended trading volume.
- Deposit a small amount of cryptocurrency or fiat currency.
- Familiarize yourself with the Spot market interface before attempting futures trading.
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
- Understanding Contango and Open Interest: Essential Tools for Analyzing Cryptocurrency Futures Markets
- Top Secure Platforms for Cryptocurrency Futures Trading in
- Common Mistakes Beginners Make on Cryptocurrency Exchanges and How to Avoid Them"
- How to Use Privacy Features on Cryptocurrency Futures Exchanges
- Bybit Futures Specifications
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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