Bybit review
Its own EU entity in Vienna, MiCA-licensed
The story
Bybit was founded in 2018 by Ben Zhou and within a few years grew into one of the world's largest crypto exchanges, known for low fees, deep liquidity and a broad product range. To keep operating within European rules, Bybit obtained a MiCA licence in 2025 via the Austrian regulator FMA; European users have since traded through the separate, regulated platform bybit.eu.
What they stand for
- Spot, staking and the Bybit Card
- Low trading fees and deep liquidity
- MiCA licence via the FMA (Austria)
Products & services
Security & trust
- MiCA — FMA (Austria)
- Cold storage & proof-of-reserves
- Segregated client funds
- 2FA
Where it falls short
- No derivatives under MiCAR in the EU: spot, margin and Earn yes, futures no.
- European users trade on the separate bybit.eu; that range is narrower than the global platform.
10% cashback up to €120 plus 100% on subscriptions up to €50
Ongoing offer — no fixed end date.
Next to two alternatives
Same category, different trade-offs. We don't choose for you — we put them side by side.
| Regulation | BybitThis page |  OKX |  Kraken Pro |
|---|---|---|---|
| Regulation | MiCA — FMA (Austria, 2025) | MiCA — MFSA (Malta) | MiCA — Central Bank of Ireland |
| What you get | 10% cashback up to €120 plus 100% on subscriptions up to €50 | Up to €400 in rewards, rising with your trading volume | 10% of your trading fees back |
| Code needed | Not needed | 78453622 | pyhcy44k |
| — |
How this offer works
Four steps. You know upfront what happens and who does what.
- 1
You go to Bybit
The button below opens Bybit in a new tab. It's an affiliate link: we receive a fee if you open an account there. It costs you nothing extra and changes nothing about the terms.
- 2
Create and verify your account
You create an account and complete identity verification (KYC). No bonus is paid out without completed verification.
- 3
No code needed
No code is needed. The offer is linked automatically because you arrive through our link — so don't open the platform in another tab first.
- 4
The bonus is awarded
Bybit decides and pays the bonus, not Cryptocodes. When and how that happens is set out in the terms above. If something isn't right, contact Bybit; we have no access to your account.
Affiliate link · Investing in crypto carries risk
Frequently asked questions about Bybit
Is Bybit trustworthy?
Bybit holds a European authorisation: MiCA — FMA (Austria, 2025). An authorisation tells you who supervises the firm; it does not protect you if prices fall.
Which country is Bybit from?
Bybit has been around since 2018. Based in: Dubai (UAE) · EU: Vienna (Austria).
What does Bybit cost?
Spot a flat 0.25% for maker and taker (since 5 October 2026).
Does Bybit have a promo code or welcome bonus?
Yes: 10% cashback up to €120 plus 100% on subscriptions up to €50. No code is needed; the offer runs through our link. The terms are on our offer page.
View the offer →What are the downsides of Bybit?
No derivatives under MiCAR in the EU: spot, margin and Earn yes, futures no. European users trade on the separate bybit.eu; that range is narrower than the global platform.