Bybit Singapore Review
One of the world's largest crypto exchanges by volume. Low fees and advanced trading tools, but is it right for Singapore users?
MAS Licensing Status
As of March 2026, Bybit's MAS licensing status is pending/in-progress. While Bybit is one of the largest exchanges globally, Singapore users should be aware that using an unlicensed exchange means less regulatory protection. For maximum safety, consider fully licensed alternatives like Coinhako, Independent Reserve, or Crypto.com.
Rating
4.0/5
Spot Fees
0.01-0.1%
Coins
500+
MAS License
Pending
Overview
Bybit is a global cryptocurrency exchange founded in 2018 that has rapidly grown to become one of the top five exchanges by trading volume worldwide. Originally focused on derivatives and futures trading, Bybit has expanded to offer comprehensive spot trading, earn products, an NFT marketplace, and Web3 tools.
For Singapore users, Bybit's main appeal is its extremely low fees (maker fees as low as 0.01% for spot trading), massive coin selection (500+ cryptocurrencies), and professional-grade trading interface. The exchange offers advanced order types, charting tools, and bot trading features that appeal to experienced traders.
The primary concern for Singapore users is the pending MAS licensing status. While Bybit operates globally and has obtained licenses in various jurisdictions, the lack of full MAS approval means that customer protections specific to Singapore (such as mandatory fund segregation) may not apply. Investors should weigh the lower fees against the reduced regulatory safety net.
Pros and Cons
Pros
- - Extremely low trading fees (from 0.01%)
- - 500+ cryptocurrencies
- - Advanced trading tools and charting
- - High liquidity and fast execution
- - Copy trading feature
- - Earn products with competitive yields
Cons
- - MAS license pending (not fully approved)
- - No PayNow SGD deposit
- - Direct SGD support is limited
- - Complex interface for beginners
- - Leverage trading can be dangerous
- - Less regulatory protection for SG users
Should Singapore Users Use Bybit?
Bybit is a legitimate, well-established exchange used by millions worldwide. However, for Singapore residents, we recommend starting with a fully MAS-licensed exchange for your core Bitcoin holdings. You can consider Bybit as a secondary exchange for accessing altcoins or advanced trading features not available on licensed platforms. Keep in mind that without full MAS licensing, your recourse options are limited if something goes wrong.
If you decide to use Bybit, follow strict security practices: enable 2FA, use withdrawal whitelisting, and do not keep large amounts on the exchange. Transfer your BTC and ETH to a personal hardware wallet after purchasing.
Safer Alternatives
For Singapore users who want regulatory protection, consider these fully MAS-licensed exchanges: Coinhako (best for beginners), Independent Reserve (lowest fees), or Crypto.com (most features). All three support PayNow deposits and are fully regulated under Singapore law.