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Bybit review: fees, KYC, local currency and P2P

A review of Bybit, one of the leading crypto exchanges. Rates for popular trading pairs and crypto trading tools: spot trading and P2P. The exchange's trading fees and limits.

24h volume, $
2,352,049,855
Liquidity score
709
Fiat on-ramp
AEDUSDEUR
Maker
0.1%
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OverviewReviews

Local currency P2P trading on Bybit

Bybit supports a fully functional P2P market with local currency (AED). For users in your country this is the main way to deposit and withdraw funds without international bank cards — directly through local banks and instant bank transfers (the instant bank transfers).

AED support
local banks, local banks, instant bank transfers, a local e-wallet
Zero P2P fees
The exchange charges no fee on P2P trades
Escrow protection
The seller's coins are frozen until payment is confirmed
Speed
A typical trade takes 10–15 minutes
Sign up and deposit via P2P

KYC and verification on Bybit

Bybit requires verification (Standard level at minimum) for most operations, including P2P and fiat services. Withdrawal limits by level:

LevelRequirementsWithdrawal limit (24h)
No KYCEmail onlyWithdrawals restricted
StandardPassport + selfieup to ~1,000,000 USDT
AdvancedPassport + addressup to ~2,000,000 USDT

Reviews and verdict: is Bybit worth using?

Advantages
  • The world's 2nd-largest exchange by trading volume
  • Zero-fee local-currency P2P (local banks, instant bank transfers)
  • Works by country, with a multi-language interface
  • 0.1% spot fee, futures with leverage up to 100x
  • Copy trading, trading bots, staking
  • Deep liquidity, 700+ trading pairs
  • 60M+ users, Proof of Reserves
Drawbacks
  • No direct deposits with local cards (P2P only)
  • Verification (KYC) is mandatory
  • The service is unavailable in a number of countries (USA, United Kingdom and others)
Bottom line: Bybit is one of the best options for users in your country in 2026: zero-fee local-currency P2P, service without blocks, deep liquidity and a broad set of instruments. The main constraints are P2P-only deposits and mandatory verification.
Sign up on Bybit

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