Bybit scores 6.0/10 on our security pillar. It publishes proof-of-reserves. proof-of-reserves (Merkle tree), independently verified by Hacken with 30+ consecutive reports As with any exchange, holding large amounts long-term is safer in a hardware wallet.

What are Bybit's fees?

Bybit's base spot fees are 0.1% maker / 0.1% taker. Withdrawal and fiat on-ramp costs vary — always check the live fee schedule, as fees change. Our data was last verified in October 2026.

Is Bybit available in my country?

Not available in the US. EEA residents must use the separate MiCA-licensed Bybit EU platform (bybit.eu), which has a narrower product range than the global site. UK access resumed in December 2025 via Archax-approved promotions, without FCA authorisation of Bybit itself. Product availability varies by country. Availability and specific products change by jurisdiction — verify on the official site before signing up.

Bybit Review (October 2026) — Fees, Safety & Verdict

The verdict

Best for: Lowest fees

Choose Bybit if…

You trade spot often and want low fees (0.1% taker).
You want an exchange that publishes proof-of-reserves.
You trade derivatives, futures or with margin.

Skip it if…

You're a US-based user — this exchange is not available in the US.
You're a complete beginner — its derivatives focus suits more experienced traders.

Proof-of-reservesSpot taker 0.1%~600 assetsKYC required

No partner link: we have no relationship with Bybit

We publish this review without any link to the platform. Not financial advice.

How Bybit scores

Fees (20%)10.0

Security (25%)6.0

Regulation & Trust (25%)7.5

Assets & Features (15%)10.0

UX & Support (15%)10.0

How we scored Bybitshow the math ↓

Fees — 10.0/10 × 20%

·Spot taker fee of 0.1% is category-leading (≤0.10%).
·Low maker fee (0.1%) rewards limit orders.

Security — 6.0/10 × 25%

·Publishes proof-of-reserves (+2.5).
·Majority cold storage (+2).
·2FA / hardware-key support (+1.5).
·Third-party audits / bug bounty (+1.5).
·Suffered a fund hack but fully reimbursed users — still a mark against it (−1.5).

Regulation & Trust — 7.5/10 × 25%

·Licensed in multiple tier-1 jurisdictions (+4).
·Registered across multiple markets (+1.5).
·Transparent operating entity / HQ disclosed (+1.5).
·Operating 8 years (+1.5).
·Past, resolved fine/settlement (−1).

Assets & Features — 10.0/10 × 15%

·~600 assets — very broad (+5).
·9 product features (spot, derivatives, staking, etc.) (+5).

UX & Support — 10.0/10 × 15%

·Multiple fiat on-ramps — easy funding (+2).
·Consumer-grade products (card / app / Web3) (+2).
·Built-in earn/staking (+1).
·Full KYC — compliant onboarding (+1).

Overall = Fees×0.20 + Security×0.25 + Regulation×0.25 + Assets×0.15 + UX×0.15 = 8.4/10 (Excellent)

Scores come only from verifiable data and this published rubric — never from commissions. Full methodology →

Pros & cons

Pros

Low 0.10% base spot fee and competitive derivatives fees
Deep derivatives liquidity and advanced trading tools
Frequent, independently verified proof-of-reserves
Fully covered user funds after the Feb 2025 hack (no user losses)

Cons (the real ones)

Suffered the largest exchange hack on record ($1.5B) in Feb 2025
Not available to US users; EEA users are limited to the narrower Bybit EU platform
Lighter regulatory oversight than US/EU-licensed venues
Derivatives focus can be risky for beginners

Fees

Spot maker	0.1%
Spot taker	0.1%
Fiat on-ramps	credit/debit card, p2p, bank transfer, third-party providers

Fees change often — verified October 2026. Always check the live schedule.

Trading on Bybit? Every trade can be a taxable event. A crypto-tax tool like Koinly auto-imports your history and generates a compliant tax report. Disclosed affiliate link — we only point to tools we'd actually use.

Security

2FA (TOTP/hardware key)
cold storage
proof-of-reserves (Merkle tree), independently verified by Hacken with 30+ consecutive reports
Feb 2025 hack: ~$1.5B stolen (largest crypto theft on record, attributed to the Lazarus Group via a compromised signing interface); Bybit fully reimbursed users within days

Regulation & track record

Bybit EU GmbH holds a MiCA (CASP) licence from Austria's FMA (authorised May 2025), passportable across the EEA via the separate bybit.eu platform; EEA users were moved off the global platform by 1 July 2026. Also licensed under Dubai's VARA framework. Returned to the UK in December 2025 through Archax, an FCA-authorised firm that approves its promotions — Bybit itself holds no FCA authorisation, so UK holdings have no FSCS cover. Not available to US users.

Who should NOT use Bybit

You're a US-based user — this exchange is not available in the US.
You're a complete beginner — its derivatives focus suits more experienced traders.

Not trading today?

Whatever exchange you pick, two things matter more than its fees.

Coins you aren't trading are safer in a hardware wallet whose keys only you hold, and every trade can be a taxable event that you'll need to report. These are the two tools we point readers to.

Ledger hardware wallet Koinly crypto tax

Affiliate links · products, not financial services · disclosure

How we make money from this review

Bybit runs a public affiliate programme (lifetime revenue share). CoinVetted has no partnership with Bybit and earns nothing from this review — there is no Bybit link on this site. This never changes Bybit's score — our rubric is public and ranking follows score order, not commission. See our full disclosure.

No partner link: we have no relationship with BybitCompare all exchanges

Crypto is volatile; you can lose some or all of your money. Not financial advice.

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