CRYPTO EXCHANGE REVIEW · Updated June 2026
Bybit UK Review 2026
Popular with experienced traders for its low-fee derivatives and copy trading. Not the right choice for UK beginners — here's who it's actually for.
7.5/10
DigiTech Score
Best for experienced traders
Competitive fees, strong derivatives products, and copy trading. Not FCA registered — check current status before use. Not suitable for UK beginners.
⚠️ Not FCA Registered — Check Before Using
Bybit is not currently FCA registered for UK users. Verify at register.fca.org.uk. For FCA-registered exchanges, use Coinbase or Kraken.
Disclaimer: Educational content only — not financial advice. Crypto is high risk. Some links are affiliate links.
Bybit — Derivatives & Spot Trading
0.1% spot · 0.02% maker futures · Copy trading
Bybit Pros and Cons
Pros
- Competitive spot fees — 0.1% maker/taker
- Very low derivatives fees — 0.02% maker
- Copy trading — follow experienced traders
- Wide range of tokens and trading pairs
- Good interface for active traders
- Rewards and promotions for new users
Cons
- Not FCA registered for UK users — check current status
- Not suitable for beginners
- GBP deposit options limited vs Coinbase/Kraken
- Less regulatory recourse if problems arise
- Derivatives products can amplify losses significantly
Who Is Bybit For?
✅ Good fitExperienced traders who want derivatives, low fees, and copy trading features
✅ Good fitTraders who already have funds on FCA-registered exchanges and want to diversify
❌ Not forUK beginners — start with Coinbase or Kraken first
❌ Not forAnyone who needs the reassurance of FCA registration
Related guides
Frequently Asked Questions
Is Bybit available in the UK?＋
Bybit is accessible to UK users via bybit.com. However, Bybit is not currently FCA registered as of mid-2026 — check register.fca.org.uk to verify current status. UK users should be aware that unregistered exchanges carry additional regulatory risk. For FCA-registered alternatives, consider Coinbase or Kraken.
What are Bybit's trading fees?＋
Bybit charges 0.1% for spot trading (maker and taker). For derivatives (perpetual futures), fees are 0.02% maker and 0.055% taker — among the lowest in the industry. These are the headline rates; fees can vary by trading pair and volume tier.
Is Bybit safe?＋
Bybit has not had a major security breach and uses cold storage for most funds. The platform has grown significantly since 2018. However, it is not FCA registered for UK users, which means you have less regulatory recourse if things go wrong compared to FCA-registered exchanges like Coinbase or Kraken.
What is Bybit best for?＋
Bybit is best known for derivatives trading — specifically perpetual futures and options. Experienced traders who want low-fee derivatives products and copy trading features will find Bybit competitive. It is not recommended for beginners due to the complexity of derivatives and the regulatory uncertainty.
Can I deposit GBP on Bybit?＋
Bybit supports fiat deposits via payment partners. GBP availability can vary and is subject to payment provider relationships. Check Bybit's current deposit options at bybit.com. For reliable GBP Faster Payments, Coinbase and Kraken are more consistent choices.
Bybit vs Coinbase — which should I use?＋
Choose Coinbase if you're a UK beginner, want FCA registration, and prefer GBP Faster Payments. Choose Bybit if you're an experienced trader wanting low-fee derivatives, copy trading, and don't need FCA-registered status. Most UK beginners should not start with Bybit.