Nowadays, means of communication among people have changed due to advancements in information technology and the rise of online multi-social media. Many people express their feelings, ideas, and emotions on social media sites such as Instagram, Twitter, Gab, Reddit, Facebook, and YouTube. However, people have misused social media to send hateful messages to specific individuals or groups to create chaos. For various governance authorities, manually identifying hate speech on various social media platforms is a difficult task to avoid such chaos. In this study, a hybrid deep-learning model, where bidirectional long short-term memory (BiLSTM) and convolutional neural network (CNN) are used to classify hate speech in textual data, is proposed. This model incorporates a GLOVE-based word embedding approach, dropout, L2 regularization, and global max pooling to get impressive results. Further, the proposed BiLSTM-CNN model has been evaluated on various datasets to achieve state-of-the-art performance that is superior to the traditional and existing machine learning methods in terms of accuracy, precision, recall, and F1-score.