UTEX
US STOCKS
5.0/5
Welcome bonus
$100
Bybit India introduction
Pros & Cons of Bybit India
Pros
- Low spot trading fees: 0.1% maker / 0.1% taker (non-VIP, as of 2026-05-25); futures 0.02% maker / 0.055% taker.
- High liquidity for major crypto pairs.
- Copy trading and up to 100x leverage for all traders.
- Secure platform with Proof-of-Reserves and 2FA.
- Mobile app for Android and iOS, rated 4.6/5.
- INR deposits via UPI for Indian traders.
Cons
- KYC verification required for full access.
- P2P-only INR deposits may feel limited.
- Unavailable in the US, Canada, and other restricted regions (see Bybit's official list).
- High leverage carries risks for beginners.
Why Choose Bybit India as the Best Crypto Exchange?
Founded in 2018, the exchange has quickly become one of the leading crypto platforms, attracting approximately 78 million registered users around the world (as of 2026-05-25).[22] Is the exchange legal in India? Bybit Fintech Limited is registered with India's Financial Intelligence Unit (FIU-IND) as a Virtual Digital Asset Service Provider under the Prevention of Money Laundering Act, 2002, following its registration in August 2024.[ref] Internationally, the platform operates as a regulated Virtual Asset Service Provider (VASP) from its Dubai headquarters.
When it comes to trading options, the platform offers much more than just standard services. Users can access spot and futures trading, with up to 100x leverage on USDT Perpetual futures contracts (e.g., BTCUSDT) at the minimum risk tier; spot margin trading supports up to 10x leverage.[8] Features like copy trading make it easier for newcomers to start investing without deep technical knowledge. Depositing funds is also simple: Indian users can top up their accounts using INR via UPI or through P2P trading, ensuring fast and convenient transactions. Both deposit methods are fully active for Indian users: P2P trading supports zero-fee INR deposits via UPI, IMPS, or bank transfer; One-Click Buy via Onmeta enables direct UPI purchases. P2P INR has been live and available for Indian users since the exchange's FIU-IND registration was completed in 2025.
The trading app , available for both Android and iOS devices, provides real-time data, analytical tools, and an intuitive interface, which makes it an excellent choice for those starting their crypto journey in India. Thus, whether you are a beginner or looking to scale your trading activities, the platform has the necessary tools to support you.
Security remains a top priority at this exchange in India. The platform ensures user protection through Proof-of-Reserves audits, cold storage solutions , and two-factor authentication (2FA) . In addition to safety, new users receive an up to 20 USDT welcome bonus (deposit $100 + first trade, as of 2026-05-26; T&Cs apply) and a 30% commission referral programme on referred users' trading fees.
If you're wondering how to get started, learning how to use this exchange in India is straightforward, even for newcomers. Thanks to its competitive spot fees of 0.1% maker / 0.1% taker (non-VIP, as of 2026-05-25), excellent local support, and user-friendly services, many Indian traders find the platform to be a better choice than alternatives like Binance and WazirX.
Registration and Verification
How to Register on Bybit India (Step-by-Step Guide)
The exchange offers a quick and easy registration process for Indian traders. Signing up is simple, and users can register using either an email address or mobile phone number. Here's a step-by-step guide to create your account:
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Visit the Bybit India Website - Go to Bybit.com and click on the Sign Up button located in the top-right corner of the page.
Bybit registration interface with welcome bonus — Indian market 
Mobile registration interface for Indian crypto users -
Enter Your Contact Information - Provide your email address or phone number. Create a strong password (at least 8 characters, including one uppercase letter, one lowercase letter, and a number).
Registration form with email and referral code — India service 
Mobile registration screen with welcome bonus up to $30,050 -
Complete Security Verification - Solve the captcha puzzle to confirm that you are human.
Puzzle CAPTCHA verification step during signup -
Verify Your Email or Phone Number - The platform will send a one-time password (OTP) to your email or phone number. Enter the code to complete the verification process.
Email verification step during account signup -
Log In to Your Account - After verification, you can log in and access all of Bybit's features.
First-login welcome screen with $50 reward — India service 
Mobile first-login screen with bonus offer -
Set Up Security Features - For added protection, it is highly recommended to enable Two-Factor Authentication (2FA) and set up an anti-phishing code.
Two-factor authentication settings page
Bybit India KYC Verification – Do You Need It?
The platform operates as a regulated centralized exchange, which requires Know Your Customer (KYC) verification to comply with financial regulations and prevent fraud. Two KYC levels are available:
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Level 1Required for all users. Sets the default daily withdrawal limit at up to 1 million USDT (in USDT-equivalent value); actual limit is subject to your VIP and KYC level. Grants access to basic trading features.[23]
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Level 2Unlocks additional features, including the Bybit Card, and increases the default daily withdrawal limit to up to 2 million USDT (in USDT-equivalent value); actual limit is subject to your VIP and KYC level. Also provides access to exclusive promotions and fiat services.[23]
How to Complete KYC Verification on Bybit India:
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Go to Account & Security in your profile settings. Click Identity Verification and select your desired KYC level.
Selecting country on the identity verification page 
Mobile identity verification with PAN option — India service -
Upload a valid government-issued ID (passport or national ID card).
Choosing ID document type during KYC verification 
Choosing ID document type on the crypto exchange mobile app -
Complete facial recognition verification.
ID verification tips for clear document upload 
Mobile ID verification tips for clear document upload -
Wait for approval (this usually takes anywhere from a few minutes to a few hours).
Welcome page with onboarding verification steps
Why Should You Complete KYC on this exchange?
Completing KYC verification here offers several key benefits for traders:
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Higher withdrawal limits — With Level 2 KYC, your default daily withdrawal limit can increase to up to 2 million USDT (in USDT-equivalent value); actual limit is subject to your VIP and KYC level.
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Access to fiat services, copy trading, and exclusive promotions – Enjoy more trading options and promotional offers.
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Improved security and account recovery options – KYC enhances the safety of your account, making it easier to recover your funds if needed.
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Ability to participate in Bybit Earn, Launchpad, and other advanced features – Unlock additional opportunities for earning and investment.
By completing KYC on the platform, you'll be able to access a wider range of services and features, ensuring a better and safer trading experience.
Fees and Charges
Bybit Trading Fees (Maker/Taker)
The exchange uses a maker-taker fee model, which distinguishes between the roles of market makers and takers. Makers add liquidity by placing orders, while takers remove liquidity by filling those orders. Here's a breakdown of the trading fees based on the type of trading:
VIP Tier Fee Discounts
The platform offers a VIP tier system that allows traders to benefit from reduced fees. The discount is based on the user's 30-day trading volume and asset balance. As traders reach higher VIP levels, they unlock progressively lower fees, enhancing the cost-efficiency of their trades.
| VIP Level | Spot Maker Fee | Spot Taker Fee | Futures Maker Fee | Futures Taker Fee |
|---|---|---|---|---|
| VIP 0 | 0.1% | 0.1% | 0.02% | 0.055% |
| VIP 1 | 0.0675% | 0.0800% | 0.0180% | 0.0400% |
| VIP 2 | 0.0650% | 0.0775% | 0.0160% | 0.0375% |
| VIP 3 | 0.0625% | 0.0750% | 0.0140% | 0.0350% |
| VIP 4 | 0.0500% | 0.0600% | 0.0120% | 0.0320% |
VIP fee schedule as of 2026-05-19; verified against Bybit's live fee rate page.[26] VIP levels are based on 30-day trading volume and asset balance; see Bybit for current tier qualification thresholds.
Bybit Deposit and Withdrawal Fees
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INR Deposits
Free via P2P, bank transfers may have transaction fees.
-
Crypto Withdrawals
Fees depend on the blockchain network (e.g., BTC native-chain withdrawal: 0.000107 BTC, minimum withdrawal 0.00027 BTC, as of 2026-05-19).[27]
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Fiat Withdrawals
Vary by payment provider, usually between 0.08% – 2%.
Trading
Bybit Spot Trading (How to Buy/Sell Crypto)
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Choose a crypto pair (BTC/USDT, ETH/INR, etc.) based on market trends, liquidity, and your trading strategy. Consider volatility, trading volume, and the best pairing for your preferred currency or asset.
Spot trading pairs list on the exchange 
Browsing the spot trading pairs list on the mobile app -
Select Market or Limit Order
Crypto trading chart with order book panel 
Mobile trading screen with order types -
Execute the trade and store funds in your exchange wallet.
Bybit Futures and Derivatives Trading (What is Margin Trading, Leverage?)
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Trade BTC, ETH, XRP, and more with up to 100x leverage ⚠️ High leverage increases both potential gains and risks. Beginners should start with lower leverage to avoid significant losses.
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Use risk management tools: Stop Loss, Take Profit to limit potential losses and lock in profits. Stop Loss helps prevent excessive downside by automatically closing a position when a predetermined price is reached, while Take Profit secures gains by closing the trade at a target price before the market reverses.
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Explore Copy Trading, Trading Bots, and Pre-Market Trading to maximize your trading opportunities.
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Copy Trading: Follow and replicate the trades of experienced traders automatically, allowing you to benefit from their strategies without needing advanced trading knowledge.
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Trading Bots: Automate your trades based on pre-set conditions and strategies, optimizing market opportunities while reducing manual effort.
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Pre-Market Trading: Access new token listings and trading opportunities before they go live, giving you an advantage in securing early positions.
Security and Safety
Is Bybit Safe for Indian Traders?
The platform prioritizes security through a multi-layered protection system:
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Cold storage wallets for user funds, reducing exposure to cyber threats
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Multi-signature authentication to prevent unauthorized transactions
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Proof of Reserves (PoR) for transparency in asset holdings
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Two-Factor Authentication (2FA) and withdrawal whitelisting for enhanced security
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Insurance fund to protect traders from liquidation risks
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Real-time monitoring and anti-phishing measures
Notably, Bybit publishes regular Proof of Reserves snapshots audited by Hacken (most recent: February 2026). A PoR audit is a point-in-time verification matching wallet ownership against client liabilities at the time of audit — not a continuous real-time guarantee. See Bybit's Proof of Reserves page[25] for the full audit history.
In February 2025, Bybit was the target of a $1.5 billion ETH security incident attributed by independent investigators (including Chainalysis) to North Korea's Lazarus Group. Per Bybit's official Security Incident Timeline, affected client funds were fully reimbursed and Bybit continues to publish regular Proof of Reserves audits. See Bybit's Security Incident Timeline for the full timeline and remediation steps.
Deposits and Withdrawals
Bybit India: INR Deposits and Withdrawals for Traders
The platform simplifies funding for Indian traders through its P2P trading interface, supporting INR deposits via UPI, IMPS, NEFT, and RTGS. As one of the best crypto exchanges in India, it ensures secure and fast transactions tailored to local needs.
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Bybit INR Deposits
Use P2P trading to deposit INR for free via UPI or bank transfers. Buy USDT or other cryptocurrencies from verified sellers with confidence.
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Choosing INR deposit payment methods 
Mobile INR deposit screen with payment methods — India service -
Crypto Deposits
Transfer Bitcoin, Ethereum, or other cryptocurrencies to your account at no cost.
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Crypto deposit steps interface 
Selecting a coin for mobile crypto deposit -
Third-Party Services
The exchange partners with Banxa, MoonPay, Mercuryo, NeoFi, Onramp, and Onmeta for quick fiat-to-crypto purchases using cards or bank transfers.[24]
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Third-party payment methods — India service
Bybit Withdrawal Options
How to Withdraw INR from Bybit to Bank Account (2026)
INR withdrawals are done via P2P trading. Follow these steps:
- Transfer to Funding Account — Move your crypto (USDT or BTC) from your Trading or Derivatives account to your Funding Account.
- Open P2P Trading — Go to Buy Crypto → P2P → Sell tab. Select USDT and INR as the fiat currency.
- Select a Buyer — Choose a buyer ad with your preferred payment method: UPI, IMPS, or bank transfer.
- Confirm the Order — Confirm the sell order. Your crypto moves to escrow; the buyer transfers INR to your bank account or UPI.
- Release Crypto — Once you receive and confirm the INR payment, release the crypto from escrow to the buyer.
Withdrawal availability subject to your KYC level. Tax obligations (30% + 1% TDS) apply to crypto gains in India.
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INR Withdrawals: Sell USDT via P2P trading and withdraw INR to your bank account using UPI or IMPS
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P2P withdrawal payment methods for INR 
Initiating an INR P2P withdrawal on the mobile app -
Crypto Withdrawals: Send cryptocurrencies to external wallets with minimal blockchain fees (e.g., 0.000107 BTC for Bitcoin native-chain withdrawal, minimum 0.00027 BTC, as of 2026-05-19).[27]
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Crypto withdrawal interface 
Crypto withdrawal on the Bybit mobile app — Indian market
Tips
Complete KYC for higher withdrawal limits and check the fees explained in the fees section.
Bonuses and Promotions
Welcome Bonus and Rewards for Traders at Bybit India
Welcome offer · new users
Up to 20 USDT welcome bonus
Sign up, complete KYC and make your first deposit and trade to unlock the welcome reward, plus lifetime access to the Rewards Hub.
Claim Bonus on Bybit
Ad · affiliate link · T&Cs apply
- 1 Register via the Bybit link above
- 2 Complete KYC (Level 1)
- 3 Deposit & place your first trade
- 4 Claim the reward in Bybit's Rewards Hub
The exchange runs four active promotions (as of 2026-05-26): a 20 USDT welcome bonus (deposit $100 + first trade), up to $500 in deposit-and-trade rewards, task-based USDT bonuses via the Rewards Hub, and a 30% commission referral programme.
Bybit Welcome Bonus
Sign up and deposit $100 to claim a $20 welcome bonus, perfect for crypto trading for beginners in India.
Deposit and Trade Rewards
Earn up to $500 in bonuses by trading specific volumes, plus enjoy trading fee rebates and cashback.
Bybit Rewards Hub
Complete tasks like KYC or trading challenges to unlock USDT bonuses and exclusive NFTs via the NFT marketplace.
Bybit Referral Program
Invite friends and earn up to 30% commission on their trading fees.
Bybit VIP Program
High-volume traders get lower fees, priority support, and access to staking rewards and special promotions.
Bybit vs Competitors
Bybit Disadvantages
- KYC Required: Higher withdrawal limits and full features require verification
- Limited INR Direct Deposit Methods: Only available through P2P trading
- Not Available in Some Regions: Bybit's main Service-Restricted-Countries list includes the United States, Canada, Chinese Mainland, Hong Kong, Singapore, North Korea, Cuba, Iran, Syria, Sudan, and others; see Bybit's official list for the current full set.
- High Leverage Risk: Up to 100x leverage, which can be risky for beginners
Bybit vs Binance, OKX, and WazirX
| Feature | Bybit | Binance | OKX | WazirX |
|---|---|---|---|---|
| Trading Fees | 0.1% / 0.1% spot; 0.02% / 0.055% futures (non-VIP, as of 2026-05-25) | 0.10% maker / 0.10% taker spot (BNB discount: 0.075%)[29] | 0.08% maker / 0.10% taker spot (Lv1 base tier)[30] | 0.10% maker / 0.25% taker spot[31] |
| P2P INR Trading | More options | Limited | Good | Best |
| FIU-IND status | Registered & live | Registered | Not registered | Registered |
| Leverage | Up to 100x (USDT Perpetual; spot margin ≤10x)[14] | Up to 125x (BTCUSDT; most pairs lower)[15] | Up to 125x[16] | Up to 10x |
| KYC Requirements | Required for full access | Required | Required | Mandatory |
| Security Rating | High | Very High | High | Low — $234M hack Jul 2024; partially restored |
| Supported Cryptos | 460+ spot coins[13] | 500+[32] | 300+[33] | 250+[34] |
| No-KYC Limit | Up to 20,000 USDT/day crypto withdrawal without KYC[23] | Withdraw-only mode; exact limit varies by region — check Binance ID page[35] | Unverified accounts: limited withdrawals (exact cap varies; KYC required for full access)[36] | KYC mandatory to trade; no unverified withdrawal path |
| India Derivatives | Available — Futures, Options & Copy Trading live post-FIU-IND registration[1] | Restricted — Binance restricted futures and derivatives for Indian-resident users post-2024 compliance changes; spot trading available | Accessible but OKX is not FIU-IND registered; use carries regulatory risk for Indian users[19] | No futures/derivatives offered |
| Futures Trading | ✅ Yes | ✅ Yes | ✅ Yes | ❌ No |
| Spot Trading | ✅ Yes | ✅ Yes | ✅ Yes | ✅ Yes |
| Staking | ✅ Yes | ✅ Yes | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ❌ No | ✅ Yes | ❌ No |
| Fiat On-Ramp | ✅ Yes | ✅ Yes | ✅ Yes | ✅ Yes |
| Mobile App Rating | 4.5+/5 on both stores | 4.5+/5 on both stores | 4+/5 on both stores | 4+/5 on both stores |
| Regulatory Compliance | FIU-IND registered (Aug 2024) & live in India; licensed in Dubai (VARA); EU via EEA CASP (Lithuania)[17] | FIU-IND registered; licensed in 20+ jurisdictions (incl. Dubai VARA, ADGM, France AMF, Italy OAM)[18] | Not FIU-IND registered; VASP-licensed in Seychelles (FSA); MiCA-licensed in EU (Malta); MiFID II entity acquired 2025[19] | India-based; Zanmai Labs registered with FIU-IND (PMLA reporting entity)[20]. Note: WazirX suffered a $234M hack in July 2024 (Lazarus Group); partial withdrawal restoration ongoing through 2025–2026. |
Why Choose Bybit Over Binance, OKX, or WazirX?
Honestly, Bybit stands out as a beginner-friendly and cost-effective crypto exchange, particularly for Indian traders looking to dive into the market with ease. Unlike Binance, which can feel overwhelming with its complex fee structures and limited INR deposit options, this exchange makes things refreshingly simple. It offers seamless P2P INR trading and a clear maker-taker fee model that’s easy to grasp, even if you’re just starting out.
On the other hand, OKX brings some serious competition with its trading features, but Bybit pulls ahead with its ~460 spot trading pairs/coins (as of 2026-05-25) — perfect for traders who want more options. WazirX, while India-based and FIU-IND registered, suffered a $234 million hack in July 2024 (attributed to the Lazarus Group) and has been partially operational since, with withdrawal restrictions through much of 2025–2026. The exchange, by contrast, has been fully operational in India since September 2025 after completing its FIU-IND registration (VDASP), offering complete Spot, Derivatives, P2P, and UPI access — making it the stronger choice for active traders seeking both compliance and full product availability.
Exchange comparison is for informational purposes only and does not constitute financial advice. Both platforms carry risk. Always verify current availability, fees, and regulatory status directly with each exchange before trading.
In short, if you’re an Indian trader hunting for a secure, affordable, and user-friendly platform, Bybit’s got you covered. Ready to kickstart your crypto journey? Sign up and explore the welcome bonus to hit the ground running!
Choosing the right exchange depends on your priorities — fees, INR deposit method, and product range vary significantly. See our full comparison of top crypto exchanges in India for a side-by-side breakdown of all FIU-registered options.
Mobile App
How to Download the Bybit App on Android/iOS
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Go to the Google Play Store or Apple App Store.
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Search for "Bybit: Buy Bitcoin & Crypto" or “Bybit: Buy & Crypto”
Android app listing on Google Play — Indian market 
iOS app listing on App Store -
Download and install the app.
Installed Android app on Google Play 
Downloading the iOS app from App Store -
Log in with your credentials and start trading.
Live BTC trading chart on the crypto exchange mobile app
Bybit Mobile App Features
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Full trading functionality – Spot, futures, and options markets available..
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Real-time market data – Instant price updates and notifications.
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Advanced charting tools – Multiple timeframes and indicators.
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Push notifications – Stay updated on market trends, price alerts, and order executions.
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Biometric security – Secure login via Face ID or fingerprint authentication.
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Access to Bybit Earn & Rewards – Participate in staking and promotions.
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Web3 integration – Connect to DeFi apps and manage NFTs.
Bybit App Ratings and User Experience
Frequently Asked Questions (FAQ)
General Questions
Is Bybit legal in India?
+Yes. Bybit Fintech Limited is registered with India's FIU-IND as a Virtual Digital Asset Service Provider under the Prevention of Money Laundering Act, 2002 (registered August 2024). Indian traders must still comply with KYC and crypto tax rules. See our Regulations in India section for full citations to .gov.in sources. If you want to compare Bybit against other compliant options, see our best crypto exchanges India guide.
Does Bybit require KYC?
+Yes, KYC is mandatory for most trading and withdrawal activities. Without KYC, withdrawal limits are significantly lower.
What are the trading fees on Bybit?
+Bybit non-VIP fees: 0.1% maker and 0.1% taker for spot trading; 0.02% maker and 0.055% taker for perpetual futures trading. VIP tier discounts apply. See Bybit Spot Fees and Perpetual Futures Fees.
Can I withdraw INR from Bybit?
+Yes, INR withdrawals are possible via P2P trading — sell USDT or other stablecoins for INR directly through the platform.
How secure is Bybit?
+The exchange employs cold storage, multi-signature wallets, 2FA, and an insurance fund to ensure user security.
Is there a Bybit mobile app?
+Yes, there is a highly-rated mobile app available on Android and iOS, offering full trading functionality, real-time market data, advanced charting tools, and Web3 wallet integration.
Expanded FAQ from Google People Also Ask
How can I withdraw funds from Bybit in India?
+The fastest route for Indian users is P2P trading: sell USDT (or another stablecoin) to a verified buyer on Bybit's P2P market and receive INR directly into your bank account. Payment options the buyer chooses from include UPI (instant, typically free, daily limit ₹1 lakh per UPI app), IMPS (instant, small bank charge, higher per-transaction limit), and NEFT/RTGS bank transfer (slower, used for larger amounts). UPI is the most common choice for retail withdrawals; IMPS or NEFT/RTGS for amounts above UPI daily limits. Crypto withdrawals to an external wallet are also supported on standard networks.
What payment methods does Bybit support?
+The exchange supports cryptocurrency deposits, P2P trading, and payments via third-party providers such as Banxa, MoonPay, and Mercuryo.
Do I need to pay taxes on crypto trading on Bybit in India?
+Yes. Indian crypto traders are subject to taxes on VDA profits, including Bybit's 18% GST on trading and service fees effective 7 July 2025. For the complete breakdown of 30% income tax (Section 115BBH), 1% TDS (Section 194S), Schedule VDA filing, and ITR steps, see our Full India Crypto Tax Guide →. Consult a Chartered Accountant for your specific situation.
Does Bybit support NFT trading?
+Yes, there is an NFT marketplace where users can buy, sell, and trade NFTs.
What are the deposit and withdrawal fees on Bybit?
+Crypto deposits are free, while withdrawal fees depend on the blockchain network (e.g., 0.0005 BTC for BTC withdrawals). Fiat deposits via P2P are free, but third-party services may apply fees.
Can I trade on Bybit without KYC verification?
+Yes, but with limited functionality. Without KYC, the daily withdrawal limit is capped at 20,000 USDT, and access to some features is restricted.
Does Bybit charge GST in India?
+Yes. Bybit has applied 18% GST on trading and service fees for Indian users since 7 July 2025, in compliance with India's Goods and Services Tax framework. GST is deducted on spot and derivatives trading fees, fiat purchases, withdrawals, staking, and Bybit Pay transactions. Note: Bybit Card and Trading Bot services are not available for Indian users as of July 2025. See our Crypto Taxation in India section for the full breakdown and source citation.
Regulations in India
Is Bybit Legal in India? (2026)
Yes, Bybit is legal in India. In January 2025, India’s Financial Intelligence Unit (FIU-IND) imposed a ₹9.27 crore penalty on Bybit for operating without registration. Bybit paid the fine and registered as a Virtual Digital Asset Service Provider (VDASP) under India’s Prevention of Money Laundering Act (PMLA). Full services — including P2P INR trading and the app — resumed in September 2025. Sources: FIU-IND penalty order, January 31, 2025 · Bybit fully resumed India services, September 2025 · Bybit FIU-IND registration announcement.
Bybit in India — Current Status
Is Bybit still banned in India? No. India's FIU-IND imposed a ₹9.27 crore (~$1.06 M) penalty on Bybit Fintech Ltd (order dated 31 January 2025) for operating without PMLA registration, and Bybit's websites were briefly blocked via MeitY. Bybit paid the fine, registered with FIU-IND as a Virtual Digital Asset Service Provider, and resumed full India operations in 2025 — Spot, Derivatives, Options, and Copy Trading are live; the app is on Google Play and App Store.[1]
Are UPI and P2P INR deposits available? Yes. UPI and P2P INR deposits were re-enabled when Bybit resumed Indian services. Bybit confirmed the India relaunch through its official "CryptoUtsav" campaign (September–October 2025, KYC L1 required), targeted at India, Pakistan, and Bangladesh.
Status last verified: 22 May 2026. Primary sources: PIB press release PRID 2098153; FIU-IND Compliance Order 15/2024 (ByBit_Order_15_2024.pdf); Bybit official India-relaunch announcement ("CryptoUtsav"). Re-verify before relying — regulatory status can change.
Bybit Fintech Limited is registered with India's Financial Intelligence Unit (FIU-IND) as a Virtual Digital Asset Service Provider under the Prevention of Money Laundering Act, 2002.[1] Indian traders using crypto exchanges must still comply with local tax regulations and legal requirements. Here are the key aspects to consider:
Crypto Taxation in India — Bybit-Specific
The following covers what Bybit users in India need to know about taxes specific to the Bybit platform. For the full India crypto tax picture — including 30% Section 115BBH, 1% TDS Section 194S, and Schedule VDA filing — see our Full India Crypto Tax Guide →
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The platform applies 18% GST on trading and service fees for Indian users, effective 7 July 2025, in compliance with India's Goods and Services Tax framework. GST is deducted on spot and derivatives trading fees, fiat purchases, withdrawals, staking, and Pay transactions. Note: Bybit Card and Trading Bot services are not available for Indian users as of July 2025.[28]
RBI & SEBI Guidelines
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The Reserve Bank of India (RBI) does not recognise cryptocurrency as legal tender; however, after the Supreme Court of India set aside the RBI's 2018 banking ban in Internet and Mobile Association of India v. RBI (2020), trading and ownership are permitted, subject to applicable tax and AML laws.[5]
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The Securities and Exchange Board of India (SEBI) has, on several occasions, issued investor cautionary notes warning the public about the risks of unregulated crypto-asset investments and unauthorised investment-advisory schemes.[6]
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Indian banks may, at their discretion, restrict transactions associated with crypto purchases under their internal risk-management policies, so P2P and UPI-based methods are commonly used by Indian users.[7]
Compliance Recommendations
- Maintain records of all transactions (date, amount, INR value, counter-party) for tax reporting.
- Use authorised P2P or UPI rails for INR deposits and withdrawals.
- Follow updates on regulatory changes from RBI, SEBI, FIU-IND, and the Income Tax Department.
- Consult a Chartered Accountant or SEBI-registered investment adviser for guidance — this site does not provide individual tax or investment advice.
Bybit Fintech Limited operates in India under FIU-IND registration and continues to comply with PMLA reporting obligations as a registered reporting entity.
Conclusion
Bybit has solidified its position as a premier cryptocurrency exchange, with spot fees of 0.1% maker / 0.1% taker and futures fees of 0.02% maker / 0.055% taker (non-VIP, as of 2026-05-25), exceptional liquidity, and a modern trading platform. With a diverse array of trading options across ~460 spot coins, futures (up to 100x leverage), and copy trading—it is a practical choice for both newcomers dipping their toes in crypto and seasoned traders navigating the markets with confidence.
On the security side, cold storage, two-factor authentication (2FA), and periodic Proof-of-Reserves audits together raise the bar for protecting user assets. Round-the-clock customer support, an iOS and Android mobile app, and fiat on-ramp options work well for Indian users looking for a reliable platform.
The exchange faces some regulatory restrictions in certain countries, but in India it operates with FIU-IND registration and continues to grow its user base. If you want to try it out, you can sign up today and claim the welcome bonus available on registration.