Is Bybit a Scam? Regulation Check 2026
The Bybit entry was pulled from the VARA register. This is what the public record returns.
Verdict
The record clears Bybit: it holds VARA licence Registered, which clears it to offer trading in UAE.
How to verify on the official register
| Regulator | VARA VARA |
| Licence Number | Registered |
| Regulated Entity | Bybit |
| Founded | 2018 |
What VARA regulation means
Under VARA, an exchange must ring-fence client funds in segregated accounts, carry negative balance protection, and open its books to independent audit. A complaint can be filed with VARA directly.
What the VARA registration buys you
- Client funds ring-fenced in segregated accounts, apart from Bybit's own capital
- Negative balance protection, so a loss cannot run past the deposit
- A direct line to VARA for a complaint should Bybit leave one unresolved
- Independent financial audits of Bybit, run on a schedule under VARA oversight
Frequently Asked Questions
Is Bybit a scam or legitimate?
The record clears Bybit. It holds VARA licence Registered, and VARA ranks among the most respected financial regulators — the entry confirms in public on the VARA register.
How do I check Bybit's VARA licence?
Open the official VARA site and run its register search. Key in licence Registered or the entity name; the entry returns Bybit's authorisation status and the exact scope of its permissions.
Are my funds safe with Bybit?
Under VARA, Bybit is required to hold client funds in segregated bank accounts, walled off from company money — cover that stands even if Bybit runs into trouble.
What protection do I have as a Bybit client in UAE?
In UAE, Bybit answers to VARA. On the record that means segregated client funds, negative balance protection (losses cannot run past your deposit), and a direct channel to file a complaint with VARA.
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