Reliability Score · methodology v1.0 · updated 2026-10-04
Bybit: 85/100
Score over time
83 – 85 across 326 daily readings since 2026-06-23. The burgundy point is today.
Score breakdown
Withdrawal reliability weight 25%
100
Why 100
No recorded withdrawal halts or freezes within the 24-month decay window.
Proof of reserves weight 20%
90
Why 90 · 1 source
Monthly Merkle-tree PoR audited by Hacken with on-chain wallets (29th report, Dec 2025: BTC 105% / ETH 101% / USDT 102%).
Regulatory standing weight 20%
75
Why 75 · 2 sources
MiCAR CASP licence (Austria FMA, decision 2025-05-28) with European HQ in Vienna, passporting across the EEA. India FIU penalty ~$1.06M paid with registration completed (2025); exited UK retail under FCA promotions rules (2023), relaunched 2025/26; no US licence.
Security history weight 15%
88
Why 88 · 1 source
1 recorded security incident within the 24-month window, weighted by severity, recency and reimbursement.
Support quality weight 10%
56
Why 56 · 1 source
Trustpilot 2.8/5 (~7,300 reviews, 2026-06-10) as a complaint-pattern proxy.
Operational maturity weight 10%
78
Why 78 · 1 source
Founded 2018; top-10 spot, top-tier derivatives. Operational stress test on record: during the Feb 2025 hack it kept withdrawals open and processed 99.994% of >350,000 requests within ~10 hours.
Incident timeline · facts with dates
2025-02-21
Security · sev 4
What happened · sourced
Approx. $1.4–1.5B in ETH stolen on 2025-02-21 via compromised third-party wallet infrastructure (FBI attributed to Lazarus) — the largest crypto theft on record. Withdrawals stayed open; the gap was closed within ~72h and 1:1 client backing restored (subsequently Hacken-audited); no user losses reported.
source2025-01-31
Regulatory · sev 2
What happened · sourced
India FIU penalty of ~$1.06M for operating without registration (2025-01-31); paid, with FIU registration completed in Feb 2025.
source
Sources & method: Method → · All exchanges: /exchanges
More on Bybit: hidden spread · withdrawal fees
Head to head: vs Binance · vs Kraken · vs Bitget · vs Bitpanda · vs Bitstamp
Not investment advice. Skontro is not a CASP under MiCAR. Reliability Scores are information, not recommendations: every negative datapoint is dated and sourced, the methodology is public, and no exchange can pay to change a score.