Is Bybit available in India?
Bybit is available to residents of India. Bybit suspended most services for Indian users in January 2025, then registered with the Financial Intelligence Unit India and resumed full services in 2025 after paying a penalty.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
Yes. As of June 2026 Bybit is available to residents of India. Bybit suspended most services for Indian users in January 2025 over registration, then registered with the Financial Intelligence Unit India and resumed full services later in 2025 after paying a penalty reported at about 1 million dollars. Indian users access the app and website and complete Know Your Customer checks. How crypto is taxed is a separate matter handled by the Income Tax Department.
What Bybit is and the India position
Bybit is a cryptocurrency exchange that offers spot trading, derivatives, and other products. It serves residents of many countries and, as of June 2026, is available to residents of India.
Bybit is a custodial platform, which means it holds the assets in your account on your behalf rather than handing you the private keys. Available products can change by market.
Access in India was interrupted and then restored during 2025. Bybit suspended most services for Indian users in January 2025 because it was operating without registration, then registered with the Financial Intelligence Unit India and resumed full services later in the year.
Why Bybit is available in India
- Suspension in January 2025. Bybit suspended most services for Indian users in January 2025 because it was operating without registration under the Prevention of Money Laundering Act (as of June 2026).
- Registration with the Financial Intelligence Unit India. Bybit registered as a reporting entity with the Financial Intelligence Unit India during 2025, which brings it under Indian Know Your Customer and anti money laundering obligations (as of June 2026).
- Full services resumed. After registering and paying a penalty reported at about 1 million dollars, Bybit resumed full services in India in 2025, including spot trading, derivatives, options, and copy trading, with stronger Know Your Customer checks (as of June 2026).
- Not legal tender. Crypto is legal to own and trade in India but is not legal tender, and there is no single dedicated crypto regulator. The main registration requirement for platforms runs through the Financial Intelligence Unit India (as of June 2026).
How residents access Bybit
To use Bybit in India, residents complete identity verification under Know Your Customer rules, which usually means providing a government issued identity document and personal details. Bybit introduced stronger checks as part of its registration.
Once verified, customers can fund the account and trade the products that Bybit makes available to the Indian market. Available products and funding methods can change, so confirm the current position in the app or on the Bybit website before you act.
How crypto is taxed in India is handled by the Income Tax Department under the Central Board of Direct Taxes. In general terms, income from virtual digital assets is taxed at a flat 30 percent under Section 115BBH and a 1 percent tax deducted at source applies to transfers under Section 194S. See the India crypto tax page. This is general information and not tax advice, so verify your position with a qualified professional before filing.
Regulator and sources
The relevant authority for registration is the Financial Intelligence Unit India, part of the Ministry of Finance, and the relevant tax authority is the Income Tax Department under the Central Board of Direct Taxes.
- Financial Intelligence Unit India, registration of reporting entities under the Prevention of Money Laundering Act.
- Bybit, public information on its India registration and resumption of services.
- Press reporting of the January 2025 suspension and the 2025 resumption after registration and a penalty (for example CoinDesk, Bitcoin.com, CCN).
- Income Tax Department of India, provisions on the taxation of virtual digital assets (Sections 115BBH and 194S).
Bybit is available to residents of India as of June 2026. It is one of several platforms available in the Indian market, so compare the exchanges that genuinely serve India before you choose.
Every availability status here is dated and checked against the named regulator's public register. We never place a link to a platform where it is not available.
Frequently asked questions
Is Bybit available in India?
Yes. As of June 2026 Bybit is available to residents of India. It suspended most services in January 2025, then registered with the Financial Intelligence Unit India and resumed full services later in 2025.
Why did Bybit suspend services in India?
Bybit suspended most services for Indian users in January 2025 because it was operating without registration under the Prevention of Money Laundering Act. It later registered with the Financial Intelligence Unit India and resumed services (as of June 2026).
Did Bybit pay a penalty in India?
Bybit resumed full services in India in 2025 after registering with the Financial Intelligence Unit India and paying a penalty reported at about 1 million dollars, according to press reports (as of June 2026).
Do I need to complete KYC on Bybit in India?
Yes. As a registered platform, Bybit applies Know Your Customer checks and introduced stronger checks as part of its registration. This usually means providing a government issued identity document and personal details.
How is crypto taxed in India?
In general terms, income from virtual digital assets is taxed at a flat 30 percent under Section 115BBH and a 1 percent tax deducted at source applies to transfers under Section 194S, administered by the Income Tax Department. See the India crypto tax page. This is general information, not tax advice.
Rules change frequently. Exchange availability, registrations, and the rules that govern them can change at short notice and vary by region. The position on this page concerns Bybit in India, is dated June 2026, and was last reviewed on 8 June 2026. Confirm the current status with the Financial Intelligence Unit India and the platform before you act.
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