CryptoTax UK · Guide
Bybit Tax UK — HMRC Guide for 2025/26
Bybit is a popular derivatives and spot exchange used by many UK traders. This guide covers UK tax on Bybit trades, how to get your data out of Bybit and how to calculate your HMRC liability. Educational only — not tax advice.
Calculate my Bybit tax →Spot vs derivatives on Bybit
Bybit spot trades (buying and selling crypto) are typically treated as Capital Gains Tax events under HMRC rules. Derivatives and perpetual contracts are more complex — HMRC has not issued definitive guidance and specialist advice may be needed.
Exporting your Bybit history
Go to Orders > Order History on Bybit and use the Export function. Download your spot trading history, funding history and any earn/launchpool records. Export for each tax year you need.
Bybit Earn and launchpool rewards
Crypto received from Bybit Earn, launchpool events or referral bonuses may be treated as miscellaneous income by HMRC. The GBP value of tokens on the date they are credited to your account is typically the taxable amount.
Frequently asked questions
Is Bybit legal in the UK?
Bybit has been working to obtain UK regulatory approval. Regardless of regulatory status, UK residents using Bybit are subject to UK tax law on any gains or income arising from their trades.
Does Bybit report to HMRC?
Under CARF from 2026, exchanges serving UK customers must report transaction data to HMRC.
How do I calculate my Bybit CGT?
Export your full Bybit transaction history and upload it to CryptoTax UK via Import CSV (Premium). The HMRC matching engine will calculate gains and losses applying the correct UK rules.
More UK crypto-tax guides
Educational guidance only. CryptoTax UK is not a regulated tax adviser and the information above does not constitute tax, legal or financial advice. Always confirm your specific position with HMRC or a qualified accountant before filing.