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Global exchange

Bybit review
A trader's exchange, after a record-breaking hack.

Bybit is a large global exchange popular with active traders, charging 0.1% maker and taker on spot for non-VIP users. In February 2025 about US$1.5 billion was stolen from one of its cold wallets, which the FBI attributed to North Korea. It doesn't serve US residents.

By · Sources checked · Published-information review

Nodora rating

3.1/ 5

Weighted across five factors from published information. How we rate

Fees & pricing25%
5.0

0.1% spot maker and taker, falling at VIP levels.

Security & track record25%
1.5

About US$1.5B stolen from a cold wallet in February 2025.

Regulation & legal record20%
2.5

No Australian registration covered; access is narrowing in some countries.

Funding & availability15%
2.5

Not available in the US; UK restrictions from October 2026.

Features & ease of use15%
4.0

VIP tiers based on balance or volume.

At a glance

Spot, non-VIP
0.1% maker · 0.1% taker
Spot, VIP 1
0.0675% maker · 0.08% taker
Fiat pairs (e.g. USDT/EUR), non-VIP
0.15% maker · 0.2% taker
United States
Not served

Non-VIP spot rate. VIP levels, based on 30-day volume or balance, lower it. Fiat pairs have separate, higher rates.

What stands out

  • A low 0.1% standard spot fee, falling quickly at VIP levels.
  • VIP level can come from your balance as well as trading volume.
  • After the 2025 hack, Bybit pursued recovery, including a US lawsuit against North Korea and the Lazarus Group.

What to weigh up

  • The February 2025 theft of about US$1.5 billion in ETH, one of the largest crypto thefts on record.
  • Not available to US residents, and UK accounts are being restricted from October 2026.
  • Fiat currency pairs cost more than crypto pairs.

Fees: 0.1%, then VIP discounts

Non-VIP users pay 0.1% as both maker and taker on spot pairs. VIP 1 drops to 0.0675% maker and 0.08% taker, and higher tiers go lower. Your VIP level is set by either your asset balance or your 30-day trading volume, whichever qualifies you for the higher tier, and it's refreshed daily.

  • Fiat-to-crypto pairs, such as USDT/EUR, have a separate schedule starting at 0.15% maker and 0.2% taker.
  • The fee is taken in the coin you receive.

Who can use Bybit

Bybit doesn't serve users in several excluded jurisdictions, including the United States. In the UK, Bybit stopped accepting new registrations and, from 21 October 2026, restricted UK-registered accounts to withdrawals and small-balance conversion.

  • Rules change quickly, so check Bybit's list of restricted countries for where you live before depositing.

The February 2025 hack

On about 21 February 2025, roughly US$1.5 billion in ETH was stolen from a Bybit Ethereum multisig cold wallet. The FBI attributed the theft to North Korea's 'TraderTraitor' hackers, also known as the Lazarus Group. Preliminary investigations reported by Bybit pointed to malicious code on the Safe{Wallet} platform used to sign transactions, rather than Bybit's own systems.

  • Bybit has since sued North Korea and the Lazarus Group in a US court and reports recovering or freezing part of the funds.
  • Even a large exchange's cold wallet can be attacked through the tools around it, which is a good reason to keep long-term holdings in a wallet you control.

Nodora’s take

Bybit's fees are competitive, especially for active traders who reach VIP levels. The 2025 hack and its narrowing list of supported countries are the main things to weigh.

Check that Bybit serves your country, and keep only what you're actively trading on the exchange. We have not opened or funded an account as part of this review, and Nodora has no referral relationship with Bybit.

Bybit questions, answered

What are Bybit’s trading fees?

Non-VIP users pay 0.1% as maker and taker on spot. VIP 1 pays 0.0675% maker and 0.08% taker. Fiat pairs start at 0.15% maker and 0.2% taker.

What happened in the Bybit hack?

In February 2025, about US$1.5 billion in ETH was stolen from a Bybit cold wallet. The FBI attributed it to North Korea, and investigations pointed to malicious code on the Safe{Wallet} signing platform.

Is Bybit available in the US or UK?

Bybit doesn't serve US residents. In the UK it stopped new registrations and restricted existing accounts from 21 October 2026, apart from withdrawals.

How is my Bybit VIP level decided?

By your asset balance or your 30-day trading volume, whichever gives the higher tier. Levels are refreshed daily.

Does Nodora earn a commission from Bybit?

No. Nodora has no referral relationship with Bybit, and the link on this page goes to its official website.

More on Bybit: fees explained · is it safe?

Sources & last check

Checked 26 October 2026. Provider material describes the provider’s own service; it is not independent verification of safety or performance.

  1. Bybit help: Spot trading fees explained
  2. Bybit: Trading fees guide
  3. Bybit help: Service restricted countries
  4. Bybit: Service changes for UK-registered users
  5. FBI: North Korea responsible for $1.5 billion Bybit hack
  6. Bybit: Security incident timeline and FAQs
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