Bybit is our top pick for PEPE buyers outside the US. It is MiCA-licensed in Austria, charges a flat 0.10% on spot with a 25% discount if you pay fees in MNT, and offers both a PEPE/EUR pair and PEPE perpetual futures.
Two things to know: it is not AUSTRAC-registered in Australia, and it exited Canada following action by the Ontario Securities Commission.
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| Property | Bybit |
|---|---|
| Founded | 2018 |
| Spot fees (maker / taker) | 0.10% / 0.10% |
| PEPE pairs (API-verified) | EUR, USDT, USDC |
| 24h PEPE spot volume | $3.48M |
| EU (MiCA licence) | Austria (May 2025) |
| United Kingdom | Via Archax (FCA-authorised promotions) |
| Australia | Not AUSTRAC-registered |
| Canada | Exited after OSC action |
| United States | No |
Fees from the exchange’s published base-tier schedule. Pairs and volume read from its public API on 7 September 2026. Regulatory status checked against public registers; “not verified” means we could not confirm an authorisation, not that none exists.
Bybit charges a flat 0.10% on both sides of a spot trade, so a $1,000 order costs $1.00 whether you use
a market or a limit order. Paying fees in MNT cuts that by 25%, to about $0.75. That flat structure is simpler than most
— there is no penalty for taking liquidity, which suits anyone who places market orders rather than waiting on the
book.
Bybit handled about $3.48M of PEPE spot volume on our measurement day. That is comfortably deep enough
for retail-sized orders, though roughly a third of OKX’s. It lists PEPE against EUR, USDT and USDC — the euro
pair matters for European buyers — and runs PEPE perpetual futures alongside spot for leveraged trading.
When we checked the order book, the PEPE/USDT bid and ask sat one increment apart with tens of millions of tokens on each
side: a healthy, tight market.
Bybit secured a MiCA licence from Austria’s financial regulator in May 2025, so it can serve customers across the
EU and EEA. UK customers reach it through Archax as an FCA-authorised promotions partner.
Two jurisdictions are genuine problems. Bybit is not registered with AUSTRAC as a Digital Currency
Exchange, so Australian users sit outside the domestic regulatory perimeter — and Australia has now legislated to
require exchanges to hold an Australian Financial Services Licence. And Bybit left Canada after the Ontario
Securities Commission penalised it for operating without registration.
| Strengths | Weaknesses |
|---|---|
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Australians who want domestic regulatory protection should use Kraken or OKX, both of which are
AUSTRAC-registered. Canadians cannot use Bybit at all. If you want the deepest PEPE book, OKX is nearly
three times deeper. And if you need a fiat pair other than the euro, only Kraken offers PEPE in GBP, AUD
or CAD.
It is a solid choice in Europe: MiCA-licensed in Austria, a flat 0.10% spot fee with a 25% discount paying in MNT, a direct PEPE/EUR pair, and about $3.48M of 24-hour PEPE volume. OKX is deeper and slightly cheaper, but Bybit’s flat fee structure and perpetuals are genuine advantages.
Bybit is not registered with AUSTRAC as a Digital Currency Exchange. Australians may be able to access it, but it sits outside the Australian regulatory perimeter, which means no domestic recourse. Australia has also passed legislation requiring exchanges to hold an Australian Financial Services Licence.
No. Bybit withdrew from Canada after the Ontario Securities Commission took action against it for operating without proper registration. Kraken is the practical option for Canadian PEPE buyers.
A flat 0.10% for both maker and taker on spot, so a $1,000 order costs about $1.00 regardless of order type. Paying fees in MNT reduces that by 25% to roughly $0.75.