Bybit Review
3.7/5 · Crypto exchange
Bybit review: low fees, an EU MiCA licence and FIU registration in India — but the largest crypto hack on record (Feb 2025) and blocks in the Philippines and Canada.
Availability in our markets
- Philippines
- Restricted
- India
- Available
- Canada
- Restricted
Named in the Philippine SEC's August 2025 advisory and blocked by telcos; registered with FIU-IND in India in 2025 after a penalty; exited Canada in 2023.
Rating breakdown
- Security & regulation (30%)
- 2.5/5
- Fees (25%)
- 5/5
- Coin selection (15%)
- 4.5/5
- Fiat access & payments (15%)
- 2.5/5
- Usability & support (15%)
- 4/5
Weighted per our exchange rubric.
Pros
- Low spot fees (0.1% / 0.1%)
- EU MiCA licence (Austria)
- FIU-registered and live in India
Cons
- ~$1.5B stolen in Feb 2025, attributed by the FBI to North Korea
- Restricted in the Philippines; exited Canada
- Fined in India (pre-registration) and Ontario (2022)
Key facts
- Spot fees (maker / taker)
- 0.1% / 0.1%
- Coins supported
- Not confirmed
- Regulation
- EU MiCA (Austria FMA, 2025); India FIU-IND (2025)
- Founded
- 2018
- Operator
- Bybit Fintech Ltd; EU: Bybit EU GmbH (Vienna)
Regular user, crypto pairs. Fiat pairs cost more for small accounts (up to 0.15% maker / 0.2% taker).
Verdict
Bybit offers low fees and is one of the few global exchanges legally operating in India, with an EU licence besides. Its February 2025 hack — the largest on record — is the defining risk factor, and it isn't available in the Philippines or Canada.
Who it's for
Traders in India and the EU looking for low fees. Not available in the Philippines or Canada.
Safety, regulation & track record
On 21 February 2025 roughly $1.5 billion in ETH was stolen from Bybit; the FBI attributed it to North Korean actors. It holds a MiCA licence from Austria's FMA (2025) and registered with FIU-IND after an INR 9.27 crore penalty.
How we researched this
Desk research on 2026-11-03 against the exchange's own fee and policy pages, regulator notices, and news reporting (listed under Sources). We did not deposit funds. Facts we couldn't confirm from a primary source are marked as such rather than guessed. Availability and fees change often — check the exchange and your local regulator before signing up.