Bybit in India: blocked for nine months, then back
Bybit was blocked in India in January 2025 for lacking FIU-IND registration, then registered, paid a fine of about $1 million, and resumed full services in September 2025. It is legally operating today — but Indian users spent roughly nine months without normal access.
Bybit's India episode is the clearest illustration of continuity risk, because it is recent and because the outage was long.
What happened
| When | What |
|---|---|
| January 2025 | India blocks foreign exchanges lacking FIU registration. Deposits, trading and product access are cut off; Bybit is among those affected. |
| Early 2025 | Bybit registers with FIU-IND as a reporting entity, enabling it to reapply for market access. |
| September 2025 | Full services resume after a fine of about $1 million and stricter KYC and security commitments. Reported by CoinDesk. |
What nine months actually means
For a trader, an outage is not an abstraction. It is the rate you wanted to sell at, arriving while you had no access. It is a rupee obligation you planned to fund from a balance you could not reach. It is app-store removal, so even checking a position becomes awkward.
Nobody could have predicted the exact dates. That is the point — which is why the answer is structural rather than predictive.
The structural answer
- Split the legs. Global exchange for depth and product range if you need it; an India-native platform for the rupee leg.
- Never hold your only working balance somewhere you cannot reach on a bad day.
- Keep your own records, exported, so a platform outage never becomes a records outage. What to keep.
- Test withdrawals routinely, not just when you need them. How.
USDT to INR converter
Priced at the rate you would actually get on FastXP2P right now — not the global spot price.
Converted at FastXP2P's live rate. The final amount is confirmed on the order screen before you commit.
Keep the rupee leg somewhere built for India. Escrow, UPI, IMPS, from ₹500.
Open an accountFrequently asked questions
Is Bybit banned in India?
Not currently. Bybit was blocked in January 2025 for lacking FIU-IND registration, then registered, paid a fine of about $1 million, and resumed full services in September 2025.
How long was Bybit unavailable in India?
Roughly nine months, from the January 2025 block until full services resumed in September 2025.
What is a good Bybit P2P alternative in India?
Judge any alternative on escrow timing, counterparty verification, documented dispute rules and record export — testable on one small trade — and keep the rupee leg on a platform accountable in India.
- Bybit
- alternative
- FIU