Bybit holds second place out of 10 on eTop with 9.1 out of 10, as of 4 November 2026.
Bybit scores 10/10 for licensing thanks to its MiCA license in Austria, and licensing carries 20% of the total. The February 2025 theft of about $1.5B is not part of the score formula, so weigh it separately. License: MiCA (Austria), verified 1 November 2026.
About Bybit
21 February 2025: about $1.5B in virtual assets was stolen from Bybit. The FBI attributes the theft to North Korea (tracked as “TraderTraitor”). Source: FBI.
Score History for Bybit
Final score over 38 days, from 28 September 2026 to 4 November 2026.
9.1 / 10 → 9.1 / 10 0
Recorded automatically once a day along with the rest of the data; the last 365 days are kept.
Liquidity by Trading Pair
Spread is the gap between the buy and sell price: the smaller it is, the cheaper it is to enter and exit a position. These figures come from CoinGecko, per pair, independent of the score above.
Official Social Media: Bybit
Frequently Asked Questions About Bybit
What is Bybit?
Bybit was founded in 2018 and, per CoinGecko, is registered in the British Virgin Islands. It lists 389 coins on 520 pairs and handles roughly $2.6B a day (CoinGecko, 4 November 2026). The exchange is centralized, so Bybit holds customer funds itself; its EU arm, Bybit EU GmbH, carries the MiCA license.
What are Bybit’s spot trading fees?
At the entry tier, Bybit’s spot fees are 0.1% for makers and 0.1% for takers, with no discounts applied. The median taker fee among the ten exchanges here is 0.10%, so that is in line with most of the group (verified 31 October 2026).
What are Bybit’s futures trading fees?
Bybit’s base-tier futures fees are 0.02% maker and 0.055% taker on USDT-margined perpetual contracts (checked 31 October 2026), tied for the 6th lowest of 10 by taker fee. Higher VIP tiers pay less, funding is billed on top, and leveraged positions can be liquidated.
What are Bybit’s withdrawal fees?
Bybit charges $0 on Plasma, HyperEVM or Bera to withdraw USDT on its cheapest network (checked 10 October 2026); one of three exchanges here with free USDT withdrawals on at least one network. Every other asset has its own fee in Bybit’s table.
Is Bybit safe and legit?
Bybit has a CoinGecko Trust Score of 8/10, and Bybit EU GmbH is licensed under MiCA in Austria. Its website has an SSL Labs grade of A (2 November 2026) and no Google Safe Browsing flags (4 November 2026). The February 2025 theft of about $1.5B is the incident to weigh; the hack answer has the details.
Does Bybit hold a MiCA license?
Yes. ESMA’s register lists Bybit EU GmbH, trading as Bybit, as a MiCA-authorized crypto-asset service provider. Austria’s FMA is the regulator, the notification is dated 28 May 2025, and the register points to bybit.eu. Permissions cover custody, exchanging crypto for fiat and for other crypto, placing crypto-assets, and transfers (checked 1 November 2026).
How do I complete KYC verification on Bybit?
Standard-level verification, the minimum needed to use Bybit, has two steps: a Proof of Identity document check and a live facial scan. After that, your verification tier is usually approved automatically. Bybit accepts a passport, ID card, residence permit, or driver’s license; you need the original document, as scans and digital copies aren’t accepted. It usually takes about 15 minutes, occasionally up to 48 hours. Each person can verify only one Bybit account. Source: official Bybit support article, updated 20 August 2026.
What are Bybit’s withdrawal limits?
Limits depend on your verification tier and are calculated in USDT equivalent. Without verification: up to 20,000 USDT per day and 100,000 USDT per month. After Standard verification: up to 1,000,000 USDT per day; after Advanced or Pro: up to 2,000,000 USDT per day, with no monthly cap at either tier. The daily limit resets at 00:00 UTC, and VIP tiers get higher limits still. Bybit may ask for additional verification before confirming a withdrawal. Source: official Bybit support article “FAQ — Individual KYC,” updated 20 August 2026.
Does Bybit have an OTC desk?
Yes, for institutional clients: funds, market makers, family offices and corporate treasuries. Applicants go through onboarding (company documents, beneficial owners, source of funds, jurisdiction check) and are then assigned a relationship manager. No minimum is stated. As of 2 November 2026, per the Bybit Institutional page.
Does Bybit have a demo account or testnet?
Yes. Demo Trading is open to every user with no separate sign-up or verification: open it from the profile icon after logging in, then select Demo Trading. It runs spot and derivatives through a Unified Trading Account. You start with 50,000 USDT, 50,000 USDC, 1 BTC, and 1 ETH; if your total balance drops below 10,000 USDT, you can request more. Demo funds can’t be withdrawn, and the account can’t be reset, and if you don’t log in for 30 days, the demo data is cleared. Bybit Testnet is a separate platform for trying new features, where you can request test coins once every 24 hours. Source: official Bybit support article “FAQ — Demo Trading,” updated 14 September 2026.
Is there a sign-up bonus on Bybit?
Yes. Bybit’s sign-up page offers new users at least 20 USDT in rewards: you sign up and complete your profile (checked 16 October 2026). The promotion changes, so check the current terms on Bybit’s page before you sign up.
Does Bybit have P2P trading?
Bybit has a P2P market where you trade with other users rather than with the exchange. Prices, limits and payment methods differ from listing to listing; eTop checked the catalog on 21 September 2026.
Where is Bybit based and who runs it in the EU?
Bybit runs its European business through Bybit EU GmbH in Austria, the entity named in ESMA’s MiCA register. Ben Zhou is the exchange’s CEO.
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Checked by the author, Ihor: the license, terms and FAQ answers are verified manually against official sources. Market figures (CoinGecko, CoinMarketCap, App Store) update automatically. Last manual check: 10 October 2026.