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MagyarBy the TradeReviewed Research Team. Data from official exchange pages and regulator registers, dates shown per exchange. How we test
Bybit licences and registrations
| Country or region | Regulator | Status | Source |
|---|---|---|---|
| EU | Austrian Financial Market Authority (FMA) | Licensed | Official register |
| IN | Financial Intelligence Unit India (FIU-IND) | Registered | Official register |
Safety factors we check
- Proof of reserves: Monthly Merkle tree
- EU MiCA status: MiCA licensed
- KYC: Full
- Founded: 2018
- 24h volume (spot + derivatives): $18.93B
Risks to know
- Any centralised exchange holds your funds, so an exchange failure or hack can mean losses. Keep only trading money on it.
- Scammers impersonate exchange support on Telegram, WhatsApp and X. Real support never asks for your password, codes or seed phrase.
- Leverage can wipe out your deposit quickly. In the EU, retail leverage is capped by law.
- Licences are entity specific: check which company you sign up with in your country.
BingX vs Bybit OKX vs Bybit Bybit vs Binance
Frequently asked questions
Is Bybit legit?
Bybit is a real, operating exchange. We verified licences or registrations in: EU, IN. Each row below links to the official register.
Does Bybit have proof of reserves?
Yes: Monthly Merkle tree. Proof of reserves shows assets, not all liabilities, so it lowers but does not remove risk.
Is Bybit available in my country?
We did not find an official ban in the countries we track, but always check the terms of service for your country.
How do I keep my exchange account safe?
Use a unique password and an authenticator app or passkey, turn on a withdrawal address whitelist, never share codes with "support" on Telegram or WhatsApp, and move long term holdings to your own wallet.
More comparisons
BingX vs OKX BingX vs Bybit BingX vs Binance BingX vs MEXC OKX vs Binance OKX vs Bybit OKX vs Coinbase Bybit vs Binance Binance vs Coinbase Kraken vs Coinbase
Safety checks by exchange
Is BingX safe? Is OKX safe? Is Binance safe? Is Bitget safe? Is MEXC safe? Is KuCoin safe? Is Coinbase safe? Is Kraken safe? Is Gate safe?
Not financial advice. Some links are affiliate links, which never change our data or scores. Affiliate disclosure