No. Bybit is not licensed to serve Philippine users: it is not on the BSP's list of licensed virtual asset service providers, and the SEC named it in an advisory posted 4 August 2025.The SEC lists Bybit among platforms offering crypto services to Philippine users without SEC registration or a licence. Since 5 July 2025 the SEC CASP Rules (SEC MC No. 4, s. 2025) require any platform serving Filipinos to register with the SEC first. Read the SEC advisory · SEC MC No. 4, s. 2025
On the SEC record: Bybit is the subject of the SEC advisory posted 4 August 2025, one of 10 platforms in its table. None of the 8 active names on the BSP VASP list matches it.
| BSP VASP licence | No BSP list dated 15 July 2026 |
|---|---|
| SEC advisory | Posted 4 August 2025 |
| SEC CASP registration | No, per the SEC advisory |
| Licensed alternative | 8 BSP-licensed providers, with fees |
Next: move your crypto to a BSP-licensed provider, then cash out; fees per provider are on the licensed exchanges page.
The advisory's table has one row for Bybit, at bybit.com. The SEC marks it both accessible in the Philippines and actively marketed here, as it does for 8 of the 10 platforms in that table (10 listed, less BitMart and Poloniex, left blank).
| Website named by the SEC | bybit.com |
|---|---|
| Accessible in the Philippines | Yes |
| Active marketing in the Philippines | Yes |
| Registered with the SEC as a crypto-asset service provider | No, per the SEC |
| On the BSP list of licensed VASPs | No |
Yes and blank marks as shown in the SEC advisory table. SEC advisory, 4 August 2025
The SEC's advice is not to invest or trade on unregistered platforms such as Bybit. If you already hold crypto there, these are the published terms at a licensed provider on the receiving end.
From the SEC advisory posted 4 August 2025 and the BSP Circular No. 1108, s. 2021 (issued January 2021).
Not to invest or trade on unregistered platforms such as Bybit, and to be careful with crypto promotions on apps, social media and from influencers. Report offers to epd@sec.gov.ph or eipd-cybercrime@sec.gov.ph. (Source: SEC press release.)
The SEC has said it may act against platforms that break the CASP Rules through cease and desist orders and by blocking access to their websites and apps, as it did with Binance in 2024. (Source: SEC press release.)
Profit from selling or trading crypto is taxable income, on any platform. How the BIR treats it, and which rate applies, is on crypto tax in the Philippines; estimate the amount with the income tax calculator.
No exchange, wallet or bank pays to appear on this page or to change its order.
Betur Inc.
Skip it if you cash out more than ₱50,000 at a time to GCash or Maya: InstaPay caps each cash-out at ₱50,000, so bigger sums go by PESONet to a bank.
Maya Philippines, Inc.
Skip it if you need to move coins to another wallet: Maya said on 19 December 2025 that Send and Receive were unavailable.
Moneybees Forex Corp.
Skip it if you want to keep and trade coins inside an app: Moneybees sends the coins you buy to your own wallet, and its posted rates are valid for 15 minutes.
Philippine Digital Asset Exchange (PDAX)
Skip it if you fund from an e-wallet often: PDAX lists a 3% plus ₱15 cash-in fee from Maya and 1.80% from GrabPay, against free cash-in from UnionBank or Sterling Bank.
This page covers the SEC's public record on Bybit. To report it, email epd@sec.gov.ph; to recover money already lost, a lawyer; for tax on gains, the BIR or a tax adviser.
