Introduction: Bybit is a leading cryptocurrency derivatives exchange that offers up to 100x leverage on perpetual contracts for BTC, ETH, EOS, and XRP. It is a user-friendly platform that provides good liquidity and advanced trading features to traders around the world. This breakdown answers the most common questions regarding which countries are supported or restricted by Bytbit.
Bybit is a cryptocurrency derivatives exchange that provides users with a secure and reliable trading platform to access the crypto markets. Bybit is a global exchange and currently available to users from 207 countries. Bybit is committed to providing the best trading experience and is constantly expanding its services to more countries. We have outlined the list of restricted countries below.
Bybit is available in many countries around the world, but due to international regulations, there are some restricted countries. Users from the following countries are restricted from using Bybit:
- United States
- China (Mainland)
- Quebec (Canada)
- Ontario (Canada)
- North Korea
- Cuba, Iran
- Crimea & Sevastopol
There are two answers to this question. On one hand, the US is part of the list of countries that are banned on Bybit. Bybit is actively blocking users with a US IP address and restricting them from using their Know Your Customer (KYC) process, which is required to access all their features.
On the other hand, there are users who use VPNs to bypass Bybits IP protection as they are happy to use a smaller set of products and services.
Yes, there are no restrictions for UK citizens to use the full suit of Bybit’s products and services.
Bybit blocks US citizens from using their products and services in order to comply with US laws and regulations. The reason for this is that Bybit does not as of now fully comply with the regulatory laws of the Security and Exchange Commission (SEC).
You don’t need a VPN to trade on Bybit. However, some users that live in countries restricted by Bybit use VPNs to avoid having their IP detected and blocked.
Bybit is registered as Bybit Fintech Limited in the British Virgin Islands with headquarters in Singapore and offices in Hong Kong and Taiwain. Bybit was founded in Chinese entrepreneur Ben Zhou in 2018.
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