Data reportTrust
Is Bybit safe? What the official record shows — and what it does not
We do not score safety. This report lists what Bybit’s official sources show, how that compares with 20 exchanges, and what we could not confirm.
Published byGrace Hsu
Data reviewed byJason Lee About us → Key takeaways
- Bybit’s proof-of-reserves report for September 2026 shows every covered asset above 100%, without exact figures. The report names Hacken as the verifying firm.
- Licenses and registrations: 2 recorded (UAE, Austria / EEA). The median across 17 exchanges with confirmed data is 2.
- KYC: identity verification is mandatory.
- Security incidents: 1 recorded (2025).
- Not available to residents of 44 countries and regions: Austria, Australia, Belgium, Bulgaria, Canada, China, Cuba, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, United Kingdom, Greece, Hong Kong SAR China, Croatia, Hungary, Ireland, Iran, Iceland, Italy, North Korea, South Korea, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sudan, Sweden, Singapore, Slovenia, Slovakia, Syria, United States, Uzbekistan.
01Reserves: every covered asset above 100%
Bybit’s proof-of-reserves report for September 2026 shows every covered asset above 100%, without exact figures. It was published 2026-09-29. It covers 50 assets. Reports are published monthly.
Users can check that their own balance is included with a Merkle-tree tool. The report names Hacken as the verifying firm.
A ratio above 100% means the reported reserves exceed the reported user balances for the covered assets. It is a snapshot published by the exchange itself.
Source: Bybit · 2026-09-29
02Licenses: 2 recorded, against a median of 2
Our data records 2 licenses or registrations for Bybit: UAE, Austria / EEA. Across 17 exchanges with confirmed data, the median is 2.
A registration is not the same as full regulation of every product. Each entry links to the official source it was recorded from.
Source: CEX Compare, from official exchange sources (checked 2026-10-28)
03How Bybit compares
Proof of reserves does not set Bybit apart: all 16 exchanges with confirmed data publish one. A user protection fund is recorded at 16 of 17.
| Item | Bybit | Across 20 exchanges |
|---|---|---|
| Proof of reserves | Yes | 16 of 16 confirmed |
| User protection fund | Yes | 16 of 17 confirmed |
| Licenses & registrations | 2 | Median 2 (17 confirmed) |
| KYC required | Yes | 17 of 20 confirmed |
| Recorded security incidents | 1 | Median 1 (10 confirmed) |
Source: CEX Compare, from official exchange sources (checked 2026-10-28) · Share of the 20 exchanges on this site with a confirmed value. No weighting and no overall verdict — see methodology.
04What we could not confirm
- A user protection fund with a stated size — none was found on Bybit’s official site. Futures insurance funds, which cover liquidations, are not counted.
Figures checked 2026-10-06
05Fees in context
Bybit’s base spot taker fee is 0.100% — 3 of 20 exchanges charge less and 8 charge the same. Its futures taker fee is 0.055%, with 9 of 17 charging less.
Spot taker
20 of 20 confirmedFutures taker
17 of 20 confirmedSource: CEX Compare, from official exchange sources (checked 2026-10-28)
06Where Bybit is not available
Bybit’s terms of use list these prohibited countries and regions: Austria, Australia, Belgium, Bulgaria, Canada, China, Cuba, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, United Kingdom, Greece, Hong Kong SAR China, Croatia, Hungary, Ireland, Iran, Iceland, Italy, North Korea, South Korea, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sudan, Sweden, Singapore, Slovenia, Slovakia, Syria, United States, Uzbekistan.
Frequently asked questions
Is Bybit regulated?
Bybit holds 2 recorded licenses or registrations: UAE, Austria / EEA. Each applies only to its own jurisdiction.
Does Bybit have proof of reserves?
Bybit’s proof-of-reserves report for September 2026 shows every covered asset above 100%, without exact figures. It was published 2026-09-29.
Does Bybit have a user protection fund?
A user protection fund with a stated size — none was found on Bybit’s official site. Futures insurance funds, which cover liquidations, are not counted.
Does Bybit require KYC?
Yes. Bybit requires identity verification (KYC) before trading.
Where is Bybit not available?
Bybit’s terms of use list Austria, Australia, Belgium, Bulgaria, Canada, China, Cuba, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, United Kingdom, Greece, Hong Kong SAR China, Croatia, Hungary, Ireland, Iran, Iceland, Italy, North Korea, South Korea, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sudan, Sweden, Singapore, Slovenia, Slovakia, Syria, United States, Uzbekistan as prohibited.
Every answer is generated from the values above and their official sources — nothing is added that the data does not show.
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About this report
This report is built only from the verified figures on this site. Every number links to an official source, and the data is reviewed by Jason Lee. It is information, not investment advice. About us →