Bybit Review Thailand 2025 — Good for Thai Traders?
Bybit is the preferred derivatives and futures exchange among experienced Thai crypto traders. It is not SEC Thailand licensed but is regulated in multiple international jurisdictions and has a strong security track record. Here’s our full review.
Bybit at a Glance
| Feature | Details |
|---|---|
| Founded | 2018 |
| Regulation | Dubai VARA, Cyprus (pending), not SEC Thailand |
| Spot Trading Fee | 0.1% maker/taker |
| Futures Fee | 0.01% maker / 0.06% taker |
| THB Deposits | P2P via PromptPay |
| Leveraged Trading | Up to 100x on perpetual futures |
| Proof of Reserves | ✅ Published monthly |
Why Thai Traders Choose Bybit
- Best perpetual futures platform — deep liquidity on BTC, ETH and major altcoin perpetuals
- Bybit Earn — flexible savings, fixed-term deposits, and liquidity mining in USDT and crypto
- Copy Trading — follow professional traders automatically, popular with Thai users
- Low fees — 0.01% maker on futures is extremely competitive
- Strong security — no major exchange hack, proof-of-reserves published monthly
- P2P Thai Baht — active Thai P2P market, buy USDT with PromptPay
Depositing THB on Bybit
Bybit does not accept direct THB deposits. The standard method for Thai traders: use Bybit P2P to buy USDT from other Thai users via PromptPay. The P2P marketplace has strong liquidity in the THB/USDT pair and trades typically complete in 5–10 minutes with zero fees (sellers set rates slightly above market).
Bybit Earn Products
Bybit offers several earn products popular with Thai investors who want yield on their crypto holdings: Flexible Savings (redeem anytime, lower APY), Fixed-Term Deposits (higher APY, locked for 7/14/30/90 days), Dual Asset (structured product for experienced users), and Liquidity Mining (provide liquidity to earn trading fees).
Is Bybit Safe?
Bybit has operated since 2018 without a major security breach — strong track record for an offshore exchange. It publishes monthly proof-of-reserves showing 1:1 backing of all client assets. It holds regulatory licenses in Dubai (VARA) and other jurisdictions. That said, it is not SEC Thailand licensed, so Thai users do not have the same regulatory protections as with Bitkub or Gulf Binance.
Pros and Cons
| Pros | Cons |
|---|---|
| ✅ Best derivatives platform | ❌ Not SEC Thailand licensed |
| ✅ Low futures fees | ❌ No direct THB deposits |
| ✅ Proof of reserves published | ❌ Complex for beginners |
| ✅ Copy trading available | ❌ High leverage risk |
| ✅ Strong earn products |
Verdict
Bybit is the best choice for Thai traders who want crypto derivatives, futures trading, or earn products. Use Bitkub or Gulf Binance as your primary exchange for spot trading with THB, and Bybit as your derivatives and yield platform.
⚠️ Risk Warning: Crypto derivatives involve significant risk of loss. Up to 100x leverage can result in total loss of capital. Last updated: March 2025.