Is Bybit custodial? Who holds your funds?
Yes. Bybit is custodial: the venue holds your funds on your behalf.
Checked 2026-10-17 · 3 sources- Balances on the exchange are held by Bybit. Bybit also publishes a proof-of-reserves audit page. Bybit's terms have a separate section on custody and on third-party and self-custody.
- With a custodial venue you rely on it to stay solvent and to honour withdrawals.
- We list 4 reported incidents for Bybit on its legit check.
Sources: Bybit - Alpha FAQ (fixed 0.5% fee, gas) · Bybit - Referral program page and terms · Bybit Virtual Asset Platform Operator terms (updated 2026-10-16). The venue's own page wins if it disagrees with ours.
Bybit
Exchange · 0.2% round trip. Bybit is a Dubai-headquartered centralised crypto exchange founded in 2018 by Ben Zhou. It offers spot, perpetual futures, options, copy trading and an on-chain Alpha section. The base tier charges 0.10% spot maker and taker and 0.055% taker on perpetuals. It does not serve the US, Canada or Singapore, and suffered a roughly $1.4-1.5B theft in February 2025.
Full Bybit sheet: fees, custody, incidents →