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Exchanges / Bybit
RIGOR REPORT · EDITION 0 · VERIFIED 7 OCT 2026

Is Bybit safe?

MiCA authorized Evidence 100%

78
Rigor score of the evidence we could verify
Key facts

What the sources say

MiCAAuthorizedBybit EU GmbH (LEI 5299005V5GBSN2A4C303) · Austrian Financial Market Authority (FMA) · 2025-05-28
Italian residentsYesRegistry check pending
Proof of reservesPublishedHacken · 2026-05-27
Spot fees (base tier)0.1% / 0.1%maker / taker
Score breakdown

Where the points come from

Regulation25 / 25
MiCA authorization found in the ESMA interim register or a national regulator list
Transparency20 / 20
Proof of reserves published: yes; Independent party: Hacken; Liabilities included: yes; Last report: 2026-05-27
Security record12 / 20
Worst incident in the last five years scored: 12 of 20
Compliance record11 / 25
2 regulator or court action(s) recorded
Costs10 / 10
Spot taker 0.1% at the published base tier
Track record

Incidents and regulator actions

Security incidents

  • 2025-02-21 About $1.5B in ETH and stETH (over 400,000 ETH) moved from one of Bybit's offline wallets to an unidentified address; attributed by Elliptic and Arkham to Lazarus Group. Outcome: CEO stated client assets are 1:1 backed and the loss could be covered; Bybit said it would use bridge loans if needed. No user withdrawals loss verified independently. source

Regulator and court actions

  • 2024-10-22 De Nederlandsche Bank (DNB), Netherlands: Fine on Bybit Fintech Limited for offering crypto services in the Netherlands without Wwft registration until September 2023. Outcome: EUR 2,250,000 fine, reduced because Bybit moved Dutch customers to a local partner; published 30 Oct 2024. Official source Fine or settlement of about 1M or more source
  • 2025-01-31 FIU-IND, India: Penalty under Prevention of Money Laundering Act for operating without registration. Outcome: INR 9.27 crore (about USD 1.06M) fine; Bybit registered with FIU. Press report Fine or settlement of about 1M or more source
Limits

What we could not verify

OAM register not read directly (403); Bybit OAM status unclear. Hack attribution to Lazarus is from Elliptic/Arkham per Security Affairs, not confirmed there; whether any customer lost funds not independently verified. Bybit EU maker/taker, perpetual availability for EEA, staking, withdrawal terms not verified. Bybit own PoR page unreadable; PoR date from press release. Other regulator actions (e.g. other countries) not exhaustively searched.

Facts are as of 7 Oct 2026. Searches are not exhaustive. If something here is wrong or out of date, send a correction with a source: corrections policy. Education only, not investment advice.

Sources

  1. [1] ESMA interim MiCA CASP register (CSV) accessed 2026-10-07
  2. [2] AMBCrypto: Bybit phases out Global services for EEA users accessed 2026-10-07
  3. [3] Security Affairs: Bybit heist accessed 2026-10-07
  4. [4] DNB: fine for Bybit Fintech Limited accessed 2026-10-07
  5. [5] AAP/Bybit press release: Latest PoR accessed 2026-10-07
  6. [6] Cointelegraph: Bybit FIU India accessed 2026-10-07
  7. [7] Bybit trading fee structure accessed 2026-10-07
  8. [8] Finanzadigitale: lista exchange OAM accessed 2026-10-07
  9. [9] Hacken: Bybit PoR case study accessed 2026-10-07
Questions

Common questions about Bybit

Is Bybit safe?

We do not give a yes or no, because safety depends on what you need to protect and on facts that change. In our Edition 0 audit Bybit scored 78 out of 100 with 100% of the evidence verified. We found 1 security incident in the last five years and 2 regulator or court actions that were not dismissed. Read the sources on this page before you deposit.

Does Bybit publish proof of reserves?

Yes. Auditor: Hacken. Latest date we found: 2026-05-27. Compare all exchanges: proof of reserves compared.

Is Bybit authorized under MiCA?

Yes. Authorized by Austrian Financial Market Authority (FMA) on 2025-05-28. Entity: Bybit EU GmbH (LEI 5299005V5GBSN2A4C303). See all exchanges: MiCA authorized exchanges.

What are Bybit's spot trading fees?

Base tier spot fees are 0.1% maker and 0.1% taker.

Can Italian residents use Bybit?

Accepts Italian residents: Yes. The registry check is pending.