Exchange (holds your funds for you)
BybitB4/5· Medium risk
Facts last reviewed 24 Sept 2026
Holds MiCA (Austria) and SCA (UAE) licences. Hacked for USD 1.46 billion in 2025 (the largest in history) but fully covered within ~72 hours, with no interruption to withdrawals. No dedicated user protection fund.
Compare a move (switching cost) →History: published and paid rates, incidents, legal status →Official site ↗
Why this tier
- Meets: Publishes a monthly proof of reserves (Merkle) that users can verify themselves
- Meets: Licensed by a major regulator: EU (Austria, FMA), UAE (SCA)
- Meets: Operating since 2018 (8 years)
- Falls short: No user protection fund disclosed
- Meets: Users were fully compensated for every known incident
- Note: Singapore: MAS put Bybit Fintech on its investor alert list (no licence).
- Note: Japan: withdrawing services from Japan residents after an FSA warning.
- Note: CoinDesk Data Exchange Benchmark (2026-05): grade A, score 80.79, ranked 10. For reference only, not part of the risk tier.
Tier history
- 29 Sept 2026B· Medium riskMedium risk
Products
| Coin | You earn | Highest rate | Tier | Product | Term | Conditions |
|---|---|---|---|---|---|---|
| USDT | 6.33% | Highest rate6.33% | B2/5· Medium risk | On-Chain Earn | Staking | |
| USDT | 4.75% | Highest rate4.75% | B2/5· Medium risk | On-Chain Earn (USDE) | Staking | |
| USDT | 4.75% | Highest rate4.75% | B2/5· Medium risk | On-Chain Earn (USDE) | Staking | |
| USDT | 1.92% | Highest rate6.82% | B2/5· Medium risk | Flexible Savings | FlexibleWithdraw any time | |
| USDC | 7.93% | Highest rate7.93% | B4/5· Medium risk | On-Chain Earn | Staking | |
| USDC | 4.75% | Highest rate4.75% | B4/5· Medium risk | On-Chain Earn (USDE) | Staking | |
| USDC | 4.75% | Highest rate4.75% | B4/5· Medium risk | On-Chain Earn (USDE) | Staking | |
| USDC | 2.39% | Highest rate5.33% | B4/5· Medium risk | Flexible Savings | FlexibleWithdraw any time | |
| USD1 | 0.50% | Highest rate0.50% | B2/5· Medium risk | Flexible Savings | FlexibleWithdraw any time | Limited quota |
| BTC | 1.20% | Highest rate1.20% | B4/5· Medium risk | On-Chain Earn 45d | 45 days | |
| BTC | 0.11% | Highest rate0.40% | B4/5· Medium risk | Flexible Savings | FlexibleWithdraw any time | Limited quota |
| ETH | 2.17% | Highest rate2.17% | B4/5· Medium risk | On-Chain Earn (STETH) | Staking | |
| ETH | 2.09% | Highest rate2.09% | B4/5· Medium risk | On-Chain Earn (METH) | Staking | |
| ETH | 0.80% | Highest rate0.80% | B4/5· Medium risk | Flexible Savings | FlexibleWithdraw any time | Limited quota |
| BNB | 0.80% | Highest rate0.80% | B3/4· Medium risk | Flexible Savings | FlexibleWithdraw any time | Limited quota |
| SOL | 6.46% | Highest rate6.46% | B4/5· Medium risk | On-Chain Earn (BBSOL) | Staking | |
| SOL | 1.93% | Highest rate1.93% | B4/5· Medium risk | On-Chain Earn | Staking | |
| SOL | 0.80% | Highest rate0.80% | B4/5· Medium risk | Flexible Savings | FlexibleWithdraw any time | Limited quota |
| XRP | 0.70% | Highest rate0.70% | B2/4· Medium risk | Flexible Savings | FlexibleWithdraw any time | Limited quota |
| TRX | 2.38% | Highest rate2.38% | B3/4· Medium risk | Flexible Savings | FlexibleWithdraw any time | Limited quota |
| DOGE | 0.50% | Highest rate0.50% | B3/4· Medium risk | Flexible Savings | FlexibleWithdraw any time | Limited quota |
USDT
USDC
BTC
ETH
BNB
SOL
XRP
TRX
DOGETier: A lowest risk, D active incident. The number after the letter is the criteria met.
Legal status by country
Taken from regulators’ registers and notices. A row without a source or a month confirmed says so.
Vietnam
Not licensed · Sept 2026
Bybit is not licensed in Vietnam; Vietnam is not on Bybit's excluded list.
Source ↗Europe (EEA)
Licensed · Bybit EU GmbH · Sept 2026
On ESMA's CASP register (24/9/2026 version): Bybit EU GmbH, MiCA licence granted by Austria's FMA on 28/5/2025; EEA customers use bybit.eu, not bybit.com.
Source ↗UAE (Dubai)
In-principle approval · Bybit Fintech FZE (VARA: in-principle approval) · Jul 2026
In Dubai, Bybit holds only VARA in-principle approval (IPA) (8/2024) and its terms exclude Dubai; outside Dubai it holds a federal SCA VAPO licence (10/2025).
Source ↗Indonesia
Licensed · PT Enkripsi Teknologi Handal (Bybit Indonesia) · Jul 2026
Bybit launched Bybit Indonesia (bybit.id) on 16/7/2026 after acquiring a majority stake in NOBI, an OJK-licensed exchange. The global entity Bybit Fintech Limited ranks 4th on the list of 228 unlicensed exchanges shut down by Satgas PASTI (6/2026), so use only bybit.id.
Source ↗Nigeria
Not licensed · Aug 2026
Bybit still serves Nigeria (with NGN P2P) but is not registered with the SEC; the EFCC has frozen accounts of USDT sellers on Bybit/KuCoin (9/2024).
Source ↗