Bybit

CEXHQ: AE (Dubai) / formerly BVI

Regulation Score 9.3 / 10Trust Index 9.0 · Offering Index 8.7

hack historyblocks US usersKYC requiredhigh leveragespotderivativesmarginfiat onrampdemo modestakingcopy tradingapiMiCA licensedPoR monthlypasskey

Regulation

VARA (AE) · other · active · tier2

CySEC (CY) · MiCA_CASP · active · tier1

Fees & products

Spot maker/taker: 0.1% / 0.1%
Crypto withdrawal (sample): BTC 0.00005, ETH 0.001
Spot assets: ~600
Max leverage: 100x
Fiat onramp: card, bank_transfer, P2P
KYC for trading: id

Geo-restrictions

Identity check: Your residence is what counts - documents and proof of address are verified at KYC. If you are not a resident of an accepted country, you cannot trade.

UK: derivatives ban for retail; Bybit re-entered UK 2025 via Archax for spot/P2P only

Security & reserves

Proof of reserves: merkle_liabilities

2025-02-21: hack (resolved) — Largest crypto exchange hack: Safe{Wallet} UI compromise, ETH hot wallet drained; fully reimbursed, withdrawals resumed

Known downsides

2025 hack history ($1.5B, fully reimbursed) - hot-wallet practices under scrutiny (med)
Copy trading and high leverage products marketed to retail (med)

Sources & verification

Bybit restricted countries & fees (archived) (OFF) · accessed 2026-10-02 · source
VARA/CySEC register entries (REG) · accessed 2026-10-02 · source
Bybit hack February 2025 (post-mortem, reimbursed) (INC) · accessed 2026-10-02 · source

Verified: 2026-10-02 · Next review: 2027-01-02 · Reviewer: editor