Best Referral Code: DISCOUNT2
Get 20% lifetime discount on all trading fees for spot and futures trading
Claim Discount Now →Why Bybit Is the Go-To Exchange for Derivatives Trading
Bybit has established itself as one of the top 3 derivatives exchanges globally, processing over $15 billion in daily futures volume. Known for its lightning-fast trading engine and zero-downtime record, Bybit is the preferred choice for professional traders who demand reliability during volatile markets.
With the DISCOUNT2 referral code, you get an automatic 20% fee discount on both spot and futures trading—making an already competitive fee structure even better.
💰 Calculate Your Savings with Code DISCOUNT2
Let’s look at real numbers. For active traders, a 20% discount compounds into significant savings over time.
📊 Example Calculation
Let’s say you trade $150,000 monthly volume across perpetual futures (typical for active swing traders).
| Scenario | Fee | Daily | Monthly | Yearly |
|---|---|---|---|---|
| Standard | 0.055% | $50 | $1,500 | $18,000 |
| With Code | 0.044% | $16.50 | $1,200 | $14,400 |
| 💵 Savings | - | $10 | $495 | $5,940 |
✨ Save $5,940/year with code bifan88
Key Insight: That’s nearly $6,000 saved annually just by using the referral code. For scalpers and high-frequency traders, the savings multiply even further.
🏆 Bybit vs. Top Competitors: Fee Comparison
How does Bybit stack up against other major exchanges? Here’s an honest comparison:
| Exchange | Spot M | Spot T | Fut M | Fut T |
|---|---|---|---|---|
| Binance | 0.10% | 0.10% | 0.02% | 0.05% |
| OKX | 0.08% | 0.10% | 0.02% | 0.05% |
| Bybit (Standard) | 0.10% | 0.10% | 0.02% | 0.055% |
| 🏆Bybit (With DISCOUNT2) | 0.08% | 0.08% | 0.016% | 0.044% |
🎯 OKX wins for cost-conscious traders with the 20% discount.
Analysis: Bybit’s futures fees are already competitive, and with the 20% discount, they become among the lowest in the industry. The spot market fees match Binance’s discounted rates.
📝 How to Register with Code DISCOUNT2
⏱️ Verified December 2025 — Registration takes less than 3 minutes. KYC is optional for basic trading.
Click the Referral Link
Use our exclusive registration link. The code DISCOUNT2 is automatically applied.
Create Your Account
Enter your email address or phone number and create a secure password. Enable Google 2FA for enhanced security.
Verify Your Identity (Optional)
Basic trading is available without KYC. For higher withdrawal limits and full features, complete identity verification—typically approved within minutes.
Start Trading
Deposit crypto or buy with fiat. The 20% discount is active immediately on all your trades.
🛡️ Is Bybit Safe? Security & Trust Analysis
After years of operation and billions in daily volume, Bybit has proven itself as a reliable platform. Here’s what sets it apart:
Industry-Leading Security
Multi-signature cold wallets storing 95% of user funds. Hardware security module (HSM) protection for hot wallets.
Zero Downtime Record
99.99% uptime even during extreme volatility. Trading engine handles 100,000+ TPS without lag.
Insurance Fund
Maintains a substantial insurance fund to protect traders from auto-deleveraging events.
Regulatory Compliance
Licensed and regulated in multiple jurisdictions. Implements strict AML/KYC procedures.
Key Features That Make Bybit Stand Out
1. Unified Trading Account (UTA)
Bybit’s Unified Trading Account is a game-changer. Instead of managing separate balances for spot, futures, and options, everything is pooled into one account with unified margin. This means:
- Better capital efficiency
- Cross-collateralization between positions
- Simplified portfolio management
2. Copy Trading
Follow successful traders and automatically replicate their positions. Bybit’s copy trading platform features:
- Transparent performance metrics
- Risk management tools
- Low minimum investment ($10)
3. Bybit Earn
Earn passive income on your idle crypto:
- Flexible Savings: Earn up to 8% APY with no lock-up period
- Fixed Staking: Higher returns (up to 20% APY) with committed terms
- Liquidity Mining: Earn trading fee rebates by providing liquidity
4. Launchpad & Launchpool
Get early access to promising new crypto projects:
- Participate in token sales at discounted prices
- Stake assets to farm new tokens
- No fees for participation
5. Mobile App Excellence
Bybit’s mobile app consistently ranks as one of the best in the industry:
- Intuitive interface for complex trading
- Real-time push notifications
- TradingView charts integrated
- One-tap order execution
Fee Structure Breakdown
Here’s Bybit’s complete fee schedule (before and after discount):
| Trading Type | Maker (Standard) | Taker (Standard) | Maker (With DISCOUNT2) | Taker (With DISCOUNT2) |
|---|---|---|---|---|
| Spot | 0.10% | 0.10% | 0.08% | 0.08% |
| USDT Perpetual | 0.02% | 0.055% | 0.016% | 0.044% |
| USDC Perpetual | 0.02% | 0.055% | 0.016% | 0.044% |
| Inverse Perpetual | 0.01% | 0.06% | 0.008% | 0.048% |
Note: VIP tiers offer even lower fees. With trading volume above $5M monthly, you can achieve maker rebates (negative fees).
Advanced Trading Features
Derivatives Options
- Leverage: Up to 100x on major pairs
- Order Types: Limit, Market, Conditional, Stop-Loss, Take-Profit, Trailing Stop
- Position Modes: One-Way Mode or Hedge Mode
- Margin Types: Isolated or Cross Margin
Professional Tools
- TradingView Integration: Advanced charting with 100+ indicators
- API Trading: RESTful and WebSocket APIs for algorithmic trading
- Institutional Services: OTC desk and custody solutions for large accounts
Deposit & Withdrawal Options
Supported Deposit Methods:
- Cryptocurrency: 400+ supported assets
- Credit/Debit Card: Visa, Mastercard (via third-party partners)
- Bank Transfer: Available in select regions
- P2P Trading: Buy/sell crypto directly with other users
- Apple Pay/Google Pay: Quick fiat on-ramp
Withdrawal Limits:
- Without KYC: Up to 2 BTC daily (or equivalent)
- With Basic KYC: Up to 100 BTC daily
- VIP Users: Custom limits negotiated
Withdrawal Fees: Vary by cryptocurrency, generally competitive with industry standards.
Customer Support Quality
Bybit offers 24/7 multilingual customer support:
- Live Chat: Average response time under 2 minutes
- Email Support: Detailed responses within 12 hours
- Help Center: Comprehensive knowledge base with 500+ articles
- Social Media: Active presence on Twitter, Telegram, Discord
My Experience: I’ve contacted Bybit support 3 times over the past year. Response times were consistently fast, and agents were knowledgeable and helpful—significantly better than some competitors.
Pros and Cons: An Honest Assessment
✅ Advantages
- Lightning-fast trading engine with zero lag
- Competitive fee structure (especially with discount)
- Unified Trading Account simplifies management
- Excellent mobile app
- Strong security track record
- Optional KYC for basic trading
- Copy trading with transparent metrics
- High leverage options (up to 100x)
❌ Disadvantages
- Spot market liquidity lower than Binance for some pairs
- Not available to US residents
- Futures-focused (less emphasis on spot trading features)
- Withdrawal limits require KYC for higher amounts
- Fewer fiat on-ramp options compared to Coinbase
Who Should Use Bybit?
✅ Perfect For:
- Derivatives Traders: If futures/perpetuals are your focus, Bybit is top-tier
- Professional Traders: Advanced features and reliability matter
- Scalpers & Day Traders: Fast execution and low fees are critical
- Copy Traders: Excellent platform for following successful traders
- Privacy-Conscious Users: Basic trading without mandatory KYC
❌ Not Ideal For:
- US Residents: Bybit doesn’t accept US customers
- Spot-Only Traders: Better options exist if you only trade spot markets
- Complete Beginners: Interface might be overwhelming initially
- Altcoin Hunters: Fewer obscure tokens compared to Gate.io or MEXC
Frequently Asked Questions
How do I apply the Bybit referral code DISCOUNT2?
Simply click our exclusive registration link and the code DISCOUNT2 will be automatically applied during sign-up. You’ll see the 20% discount confirmation on your account dashboard after registration.
Is the 20% fee discount permanent?
Yes! The 20% discount from referral code DISCOUNT2 is a lifetime benefit. As long as you register with the code, you’ll enjoy reduced fees forever—there’s no expiration date.
Do I need to complete KYC to start trading?
No. Bybit allows basic trading and withdrawals (up to 2 BTC daily) without KYC. However, completing identity verification unlocks higher withdrawal limits and full platform features.
What’s the minimum deposit on Bybit?
There’s no minimum deposit requirement. However, for practical trading purposes, we recommend depositing at least $100-$200 to cover margin requirements and fees.
Can US citizens use Bybit?
Unfortunately, no. Bybit does not accept users from the United States due to regulatory restrictions. US traders can consider alternatives like WEEX or BloFin.
How does Bybit’s Unified Trading Account work?
The Unified Trading Account (UTA) pools all your assets into a single margin account. This means your spot holdings can serve as collateral for futures positions, improving capital efficiency. You can switch between UTA and standard accounts in settings.
What leverage does Bybit offer?
Bybit offers up to 100x leverage on major perpetual contracts (BTC, ETH). Leverage varies by trading pair and is adjusted based on position size to manage risk.
How long do withdrawals take?
Crypto withdrawals are typically processed within 10-30 minutes after approval. Bybit uses a multi-signature security system, which adds a slight delay but ensures fund safety.
Does Bybit have a mobile app?
Yes! Bybit offers fully-featured mobile apps for both iOS and Android. The app includes all desktop features with an optimized mobile interface.
How can I contact Bybit support?
You can reach Bybit support via:
- Live Chat: Available 24/7 in the app or website
- Email: support@bybit.com
- Social Media: @Bybit_Official on Twitter
- Help Center: help.bybit.com
🔗Related Comparisons
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Risk Disclosure
Cryptocurrency trading involves substantial risk of loss and may not be suitable for all investors. Leverage amplifies both profits and losses. The value of cryptocurrencies can fluctuate significantly, and you should never invest more than you can afford to lose. Bybit is not available to US residents. This review is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.
