Bybit
Centralized exchangeA large global exchange with a certified Islamic Account; licensed under MiCA and in the UAE.
- Spot fee
- 0.1%
- Same fees in the Islamic Account
- Coins with a halal verdict
- 0
- of those listed here
- Available in
- 16 of 19
- countries we track
- Checked
- Sep 27, 2026
Reliability
7.1/ 10
Monthly Hacken-verified proof of reserves; the 2025 hack of USD 1.5 billion was covered by Bybit.
Score updated
- Proof of reserves9.0
- Licences8.0
- Incident history7.0
- Segregation of funds5.0
- Insurance fund5.0
- Security practices6.0
Liberandum halal verdict
Suitable
Suitable: trade spot inside the Islamic Account and stay away from derivatives, margin and Earn on the main account.
Use
- Islamic Account spot trading
- DCA and Spot Grid bots
Avoid
- Margin, futures, options
- Crypto loans, fixed-yield Earn
More details
Bybit offers a dedicated Islamic Account, an interest-free sub-account developed with ZICO Shariah Advisory Services and CryptoHalal that is limited to spot trading and spot bots on a selected list of tokens, and it publishes monthly Hacken-verified proof of reserves. Muslim users should trade inside the Islamic Account and stay away from the derivatives, margin and Earn products on the main account. Spot trading on Bybit settles immediately and in full, which meets the conditions of a valid exchange (AAOIFI Shariah Standard 1 and Standard 20: immediate delivery, no deferred leg). The main account also offers margin, perpetual and dated futures, options, copy trading of derivatives, crypto loans and fixed-yield Earn products; margin and loans involve interest (riba), futures and options are undelivered contracts with excessive uncertainty (gharar), and fixed-yield savings are riba, so all of these should be avoided. Bybit announced its Islamic Account in September 2024. It is a sub-account certified by ZICO Shariah Advisory Services and CryptoHalal and opened under a Wakalah (agency) agreement; Bybit says it removes all forms of interest (riba). It allows only spot trading (limited to 75 selected tokens) and a DCA bot and Spot Grid bot (limited to 19 selected tokens). Fees are the same as on the main account. This makes Bybit one of the few large exchanges with a certified halal trading channel, although the token list is narrow and each coin should still be checked on Liberandum. Reliability is good (7.1/10). Bybit publishes monthly proof of reserves verified by Hacken, with in-scope reserve ratios at or above 100%. Bybit EU GmbH holds a MiCA CASP authorisation from Austria's FMA (28 May 2025), and Bybit received the first full Virtual Asset Platform Operator licence from the UAE SCA (October 2025), in addition to a provisional VARA licence. On 21 February 2025 about USD 1.5 billion in ETH was stolen from a Bybit cold wallet in a DPRK-attributed attack; within days Bybit closed the ETH gap through loans, deposits and purchases and returned to 1:1 backing of client assets. Malaysia's Securities Commission ordered Bybit to stop serving Malaysia in December 2024, and India's FIU fined it about USD 1 million in 2025. Availability: Bybit's restricted list includes the US, Canada, Singapore and Uzbekistan, and Bybit has disabled its platform for Malaysia. UAE users outside Dubai can use the SCA-licensed Bybit UAE entity; EEA users are served by Bybit EU.
How to use Bybit the halal way
What is allowed and what to avoid on this exchange
- Allowed
Spot
Islamic Account: Shariah-certified spot
- Allowed
Convert
Instant swap, settles like spot
- With care
Staking
No Shariah-certified staking
- Avoid
Savings and Earn
Fixed-yield Earn on main account, avoid
- Avoid
Margin
Trading with borrowed money
- Avoid
Futures and options
Futures and options, no delivery
- Avoid
Loans
Crypto loans carry interest
- Avoid
Structured products
Fixed return, not certified
Islamic account
Bybit Islamic Account is a Shariah-certified sub-account announced in September 2024. It is interest-free and allows only spot trading on 75 selected tokens plus a DCA bot and a Spot Grid bot on 19 selected tokens. It was developed with ZICO Shariah Advisory Services and CryptoHalal, which certify it. Fees match the main account.
Bybit Islamic Account
Interest-free sub-account for Muslim users, opened from the Islamic Account page after identity verification. Supports spot trading (75 selected tokens), a DCA bot and a Spot Grid bot (19 selected tokens), with the same trading fees as the main account. Funds move in and out only via the main account.
Structure · Certified by ZICO Shariah Advisory Services Sdn. Bhd. and CryptoHalal. The user accepts a Wakalah (agency) agreement and a supplemental agreement when opening it. Bybit states it removes all forms of interest (riba). Only spot trading and the two spot bots on the selected tokens are available; margin, derivatives, loans and Earn products are not offered in the sub-account.
Partial token screening
Bybit applies Shariah screening only inside the Islamic Account: spot trading there is limited to 75 tokens and the bots to 19 tokens selected with its Shariah advisers. The main catalogue is not Shariah-screened, so coins bought outside the Islamic Account must be checked separately.
Step by step
How to trade halal on Bybit
Open an account and pass KYC
Register on bybit.com or the Bybit app and complete identity verification (ID and selfie). UAE residents outside Dubai can use Bybit UAE and EEA residents Bybit EU; the Islamic Account is offered on the global platform, except in restricted countries.
Open the Islamic Account
Go to the Islamic Account page (Shariah Compliant), choose to create the account, accept the Wakalah Agreement and Supplemental Agreement, and set the sub-account nickname.
Deposit and transfer funds
Deposit crypto via Assets > Deposit or buy with fiat on the main account, then use Transfer with the Main Account as sender and the Islamic Account as receiver. Do not park funds in Earn, Savings or other interest-paying products.
Trade spot inside the Islamic Account
Use Spot trading, or the DCA and Spot Grid bots, within the Islamic Account. Trades settle immediately in full and only selected tokens are offered; still check each coin's status on Liberandum before buying.
Avoid prohibited products on the main account
Do not use Derivatives (perpetuals, futures, options), Margin trading, Copy Trading of derivatives, leveraged tokens, Loans or fixed-yield Earn on the main account. These involve interest, undelivered contracts or excessive uncertainty.
Withdraw to self-custody
For long-term holding, transfer back to the main account and use Assets > Withdraw to a wallet you control. Enable 2FA, passkeys, Fund Password and a withdrawal address whitelist.
Availability
Where Bybit serves users and under which licence
Your country:Choose your country
- Bahrain
- Bangladesh
- Egypt
- European Union
- Indonesia
- Jordan
- Kazakhstan
- Kuwait
- Malaysia
- Morocco
- Nigeria
- Oman
- Pakistan
- Qatar
- Saudi Arabia
- Türkiye
- United Arab Emirates
- United States
- Uzbekistan
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- Country not found
Choose your country to see availability
Available in United Arab Emirates
- Licence
- Bybit UAE under the SCA Virtual Asset Platform Operator licence (October 2025, retail and institutional); provisional VARA licence in Dubai. The SCA-licensed entity does not serve Dubai.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Saudi Arabia
- Licence
- No local licence; served by the global Bybit platform.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Qatar
- Licence
- No local licence; served by the global Bybit platform. Qatar's central bank restricts crypto services, so check local rules.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Kuwait
- Licence
- No local licence; served by the global Bybit platform.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Bahrain
- Licence
- No local licence; served by the global Bybit platform.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Oman
- Licence
- No local licence; served by the global Bybit platform.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Jordan
- Licence
- No local licence; served by the global Bybit platform.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Egypt
- Licence
- No local licence; served by the global Bybit platform.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Morocco
- Licence
- No local licence; served by the global Bybit platform.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Türkiye
- Licence
- Served via Bybit Türkiye; its licensing status under Turkey's Capital Markets Board regime was not verified.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Indonesia
- Licence
- No local licence found; not on Bybit's restricted list.
- KYC
- Full KYC (ID + selfie) required before trading.
Not available in Malaysia
- Licence
- Securities Commission Malaysia directed Bybit on 11 December 2024 to disable its platforms for Malaysia within 14 business days; the SC says Bybit complied.
- KYC
- Not applicable.
Available in Pakistan
- Licence
- No local licence found; not on Bybit's restricted list.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Bangladesh
- Licence
- No local licence found; not on Bybit's restricted list.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Kazakhstan
- Licence
- No local licence verified; not on Bybit's restricted list.
- KYC
- Full KYC (ID + selfie) required before trading.
Not available in Uzbekistan
- Licence
- Uzbekistan is on Bybit's list of service-restricted countries.
- KYC
- Not applicable.
Available in Nigeria
- Licence
- No local licence found; not on Bybit's restricted list.
- KYC
- Full KYC (ID + selfie) required before trading.
Not available in United States
- Licence
- The United States is on Bybit's list of service-restricted countries.
- KYC
- Not applicable.
Available in European Union
- Licence
- Bybit EU GmbH (FN 636180i), MiCA CASP authorisation from Austria's FMA dated 28 May 2025, passported across the EEA.
- KYC
- Full KYC (ID + selfie) required before trading.
- Local currency
- EUR
- United Arab EmiratesAvailable
Bybit UAE under the SCA Virtual Asset Platform Operator licence (October 2025, retail and institutional); provisional VARA licence in Dubai. The SCA-licensed entity does not serve Dubai.
- Saudi ArabiaAvailable
No local licence; served by the global Bybit platform.
- QatarAvailable
No local licence; served by the global Bybit platform. Qatar's central bank restricts crypto services, so check local rules.
- KuwaitAvailable
No local licence; served by the global Bybit platform.
- BahrainAvailable
No local licence; served by the global Bybit platform.
- OmanAvailable
No local licence; served by the global Bybit platform.
- JordanAvailable
No local licence; served by the global Bybit platform.
- EgyptAvailable
No local licence; served by the global Bybit platform.
- MoroccoAvailable
No local licence; served by the global Bybit platform.
- TürkiyeAvailable
Served via Bybit Türkiye; its licensing status under Turkey's Capital Markets Board regime was not verified.
- IndonesiaAvailable
No local licence found; not on Bybit's restricted list.
- MalaysiaUnavailable
Securities Commission Malaysia directed Bybit on 11 December 2024 to disable its platforms for Malaysia within 14 business days; the SC says Bybit complied.
- PakistanAvailable
No local licence found; not on Bybit's restricted list.
- BangladeshAvailable
No local licence found; not on Bybit's restricted list.
- KazakhstanAvailable
No local licence verified; not on Bybit's restricted list.
- UzbekistanUnavailable
Uzbekistan is on Bybit's list of service-restricted countries.
- NigeriaAvailable
No local licence found; not on Bybit's restricted list.
- United StatesUnavailable
The United States is on Bybit's list of service-restricted countries.
- European UnionAvailable
Bybit EU GmbH (FN 636180i), MiCA CASP authorisation from Austria's FMA dated 28 May 2025, passported across the EEA.
Presence by country
- United Arab EmiratesUAE SCA Virtual Asset Platform Operator licence (October 2025); provisional VARA licence in Dubai.Licensed
- Saudi ArabiaServed by the global platform without a local licence.Available
- QatarServed by the global platform without a local licence.Available
- KuwaitServed by the global platform without a local licence.Available
- BahrainServed by the global platform; no Central Bank of Bahrain licence found.Available
- OmanServed by the global platform without a local licence.Available
- JordanServed by the global platform without a local licence.Available
- EgyptServed by the global platform without a local licence.Available
Show 9 more
- MoroccoServed by the global platform without a local licence.Available
- TürkiyeServed via Bybit Türkiye; Capital Markets Board licensing status not verified.Available
- IndonesiaServed by the global platform; no OJK/Bappebti licence found.Available
- MalaysiaSC Malaysia enforcement action (December 2024); platform disabled for Malaysia.Unavailable
- PakistanServed by the global platform without a local licence.Available
- BangladeshServed by the global platform without a local licence.Available
- KazakhstanNot on Bybit's restricted list; no local licence verified.Available
- UzbekistanOn Bybit's list of service-restricted countries.Unavailable
- NigeriaServed by the global platform; no SEC Nigeria registration found.Available
Reliability in detail
Overall 7.1 of 10
Proof of reserves
9.0Monthly proof of reserves with Merkle-tree user verification, independently verified by Hacken; for example the 13th report (August 2024 snapshot) showed BTC 100%, ETH 102%, USDT 107% and USDC 155%. Hacken's work is a point-in-time attestation, not a full financial audit.
Licences
8.0MiCA CASP authorisation for Bybit EU GmbH from Austria's FMA (28 May 2025); first full Virtual Asset Platform Operator licence from the UAE SCA (October 2025) plus a provisional VARA licence; FIU-IND registration in India (February 2025). No US or Singapore licence.
Incident history
7.0On 21 February 2025 about USD 1.5 billion in ETH was stolen from a cold wallet (DPRK-attributed); by 24 February Bybit had closed the ETH gap through loans, deposits and purchases and returned to 1:1 backing. Malaysia's SC ordered Bybit out of Malaysia in December 2024; India's FIU fined it about USD 1 million in 2025.
Segregation of funds
5.0The MiCA-authorised Bybit EU entity must segregate client crypto-assets by law. For the global platform, 1:1 backing is shown through proof of reserves, but no independent audit confirming legal segregation of client assets was found.
Insurance fund
5.0Bybit maintains an insurance fund for derivatives liquidation deficits, but it does not protect spot balances or guarantee hack reimbursement; the February 2025 losses were covered by bridge loans and purchases rather than a disclosed protection fund.
Security practices
6.0Cold storage with multi-signature; 2FA, passkeys, Fund Password and withdrawal whitelists. ISO/IEC 27001 certification (2023) is reported by secondary sources only. The February 2025 breach exploited the cold-wallet multi-signature signing flow, showing gaps in practice.
Fees
Spot trading, deposits and withdrawals
Spot trading
0.1% maker · 0.1% taker
Non-VIP spot rate; VIP tiers lower fees by volume or asset balance, and rates vary by region. The Islamic Account uses the same fees as the main account.
Deposits
Crypto deposits are free apart from the network fee paid on the sending side. Fiat deposit costs depend on the method and region (for example bank transfer, card or P2P).
Withdrawals
Crypto withdrawals carry a per-coin network fee shown before confirmation in Assets > Withdraw; fiat withdrawal fees depend on the method and region.
Halal coins you can buy on Bybit
Coins with a halal verdict listed on this exchange
No coins with a halal verdict on this exchange yet
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