Bybit GST Crypto Fees India: 18% Tax Begins July 7, Legacy Services End July 17
Cryptocurrency exchange Bybit will begin enforcing a flat 18% Goods and Services Tax (GST) on crypto fees for users based in India, starting July 7, 2025. The change aligns the platform with India’s evolving tax regulations surrounding virtual digital assets and crypto-related services.
The Bybit GST crypto fees India policy applies to nearly all core offerings:
- Spot, margin, and derivatives trading
- Fiat deposit and withdrawal charges
- Earn programs, platform service fees, and loan settlements
What Indian Traders Can Expect
According to Bybit’s internal rollout estimates, over 310,000 active Indian users will be impacted. For example:
- On a ₹2,000 trading fee, users will now pay ₹360 in GST, totaling ₹2,360
- Earn rewards like staking profits will also attract GST deductions
These figures are based on monthly average transaction volumes observed on Bybit India wallets in Q2 2025.
Legacy Services Discontinued
From July 9, the following services will be phased out:
- Crypto Loans
- Trading Bots
- Bybit Card
Users must:
- Repay open crypto loans before July 17
- Withdraw balances or deactivate bots manually
- Expect automatic Bybit Card deactivation by July 17
The platform has advised users to check GST breakdowns and repayment statuses via their account dashboards.
Tax Compliance Context
India first enforced strict crypto taxation in 2022 with a 30% capital gains tax and 1% TDS. The new GST policy reflects the continued integration of crypto into the country’s financial legal framework.
Industry analysts believe this could trigger similar action by competing platforms such as Binance and OKX. For users, the cost of trading will rise, especially for high-frequency strategies that rely on small margins.
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