Does Bybit Report to the IRS?

Because Bybit no longer operates in the United States, it’s unlikely that the platform reports to the IRS.

However, it’s important to remember that you’re required to report all taxable income to the IRS. Intentionally misreporting your taxable income is considered tax evasion — a serious crime with serious consequences. 

Yes. In the United States, your transactions on Bybit and other platforms are subject to income and capital gains tax. 

If you’ve earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you’ll have a tax liability to report to the IRS. 

For more information, check out our complete guide to cryptocurrency taxes. 

Bybit pulled out of the United States due to a lack of regulatory clarity around cryptocurrency trading. 

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