Bybit Review 2026
Operating normallyTrust Score™ breakdown
Our 8-pillar score, applied identically to every exchange. How we score →
Exchange health
Our review
Overview
Bybit is one of the world’s largest crypto exchanges, best known for deep derivatives liquidity, low spot fees and a fast, polished trading platform. It is not AUSTRAC-registered, holds no AFSL, and its leveraged products are not licensed for Australian retail investors — so while Australians can and do use it, it sits well outside the local regulatory perimeter.
Security & the 2025 hack
In February 2025 Bybit suffered the largest crypto theft on record — roughly US$1.5 billion in Ether — after attackers (tied by the FBI to North Korea’s Lazarus Group) compromised a wallet-management front-end and tricked signers into approving a malicious transaction. Crucially, Bybit reimbursed every affected user, restored 1:1 backing within days, and continues to publish independently attested proof-of-reserves. It was a serious failure of process, but the company’s solvency and response were strong.
Fees & who it suits
Spot fees are low (around 0.1% maker/taker, less at volume) and liquidity is excellent. There are no native AUD bank rails — funding is via card or P2P. Bybit suits experienced traders who want depth and derivatives and understand the regulatory and leverage risks; it is not a beginner’s on-ramp for Australians.
Fees
| Fee type | Rate |
|---|---|
| Market order (maker / taker) | 0.1% / 0.1% |
| Instant buy / sell / swap | — |
| AUD deposit (Card (third-party), P2P) |
Timeline
Bybit — frequently asked questions
Is Bybit available in Australia?
Australians can use Bybit, but it is not registered with AUSTRAC and operates offshore, so it sits outside Australia's local regulatory framework. There are usually no native AUD bank rails — funding is typically via Card (third-party), P2P. Crypto is legal to trade in Australia, but you take on more risk using an unregistered platform.
Is Bybit safe?
Bybit has operated for about 8 years and has had 1 notable security incident. It publishes proof-of-reserves, backs customer funds with insurance or a protection fund, and supports two-factor authentication. No exchange is risk-free, and crypto is not covered by any Australian government guarantee — enable strong 2FA and move long-term holdings into a self-custody wallet.
What fees does Bybit charge?
Bybit's trading fees are around 0.1% maker / 0.1% taker on market orders. AUD deposits via Card (third-party), P2P are subject to that method's fees. Like most platforms, using an "instant buy" button costs more than a market order because the spread is baked into the price — trade on the market or "pro" screen to pay less.
Is Bybit regulated in Australia?
Bybit is not registered with AUSTRAC. It does not hold an Australian Financial Services Licence (AFSL). Remember that AUSTRAC registration covers financial crime, not consumer protection — it is not a guarantee your money is safe if the exchange fails.
Does Bybit have a mobile app?
Yes — Bybit has both iOS and Android apps, alongside a web platform. It lists around 510 cryptocurrencies and offers staking.
Is Bybit right for you?
Match your needs against the rest of the market in 30 seconds.
No account needed · Free · Full finder instead