Is Bybit available in Australia?

Is the platform available to residents

As of June 2026 Bybit is reachable by Australian residents in the sense that Australia is not on Bybit's list of restricted countries and Australian users can open accounts. It is, however, an offshore platform that operates without registration with AUSTRAC and without an Australian licence, so it is not available within the local regulatory framework in the way an AUSTRAC registered exchange is.

Practical limits follow from that position. As of June 2026 Bybit does not support Australian dollar bank deposits or AUD trading accounts, and it is not licensed to offer crypto derivatives to Australian retail users. Australian law does not specifically prohibit a person from using an offshore exchange, but the lack of local registration removes the protections that the Australian framework is designed to provide (as of June 2026).

The regulator and the framework

Australia oversees crypto on two main tracks. AUSTRAC, the Australian Transaction Reports and Analysis Centre, requires digital currency exchange providers that serve Australian users to register and to follow anti money laundering and know your customer rules. The Australian Securities and Investments Commission (ASIC) regulates financial products and services, including crypto products that fall within the financial services regime (as of June 2026).

As of June 2026 Bybit is not on the AUSTRAC digital currency exchange register and does not hold an Australian Financial Services licence. ASIC has warned about unlicensed crypto futures and derivatives offered to Australians by offshore platforms. Australia has also moved to bring crypto platforms more fully within the financial services licensing regime, which is expected to require any exchange serving Australians to hold an Australian Financial Services licence, a change that would affect offshore platforms such as Bybit (as of June 2026).

How residents are affected

Because Bybit is not registered with AUSTRAC and not licensed by ASIC, an Australian resident who uses it is dealing with an offshore platform outside the local framework. That means no Australian dollar bank deposits, no local licensing protections, and crypto derivatives that are not approved for local retail users. These factors add counterparty and legal risk compared with a locally registered platform.

Residents who want a platform inside the Australian framework can look to exchanges that serve Australia through AUSTRAC registered operators. Coinbase, Binance, and Kraken serve Australian users through registered operators, and Coinbase obtained an Australian Financial Services licence in April 2026 (as of June 2026).

Tax treatment

Tax on crypto for Australian residents is administered by the Australian Taxation Office (ATO), and a tax liability can arise on disposals even where the platform used is offshore. This page does not give tax advice. For how crypto is treated in Australia in general terms, see the Australia tax page, and confirm your own position with a qualified local professional before filing.

Regulator and sources

The relevant authorities are AUSTRAC, which registers digital currency exchange providers, and the Australian Securities and Investments Commission, which regulates financial products and has warned about unlicensed crypto futures.

• AUSTRAC, its digital currency exchange provider register, on which Bybit does not appear as of June 2026.
• ASIC, its investor alert warning of unlicensed crypto asset futures products offered to Australians by offshore platforms.
• Bybit, its service restricted countries list, which as of June 2026 does not include Australia.
• Australian Securities and Investments Commission (ASIC), guidance on the financial services licensing regime as it applies to crypto.
• Australian Taxation Office, general guidance on the taxation of crypto assets for Australian residents.

Frequently asked questions

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