Bybit Available Countries

Bybit Available Countries

Bybit is one of the largest global crypto trading platforms accessible in over 160 countries, with a multilingual interface available in 20 languages and support for 70 foreign currencies. The exchange is widely regarded for its fast and secure onboarding process, with account verifications available in every country within an hour of submission.

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Bybit Restricted Countries

Although Bybit is one of the most widely used exchanges worldwide, it cannot be accessed from certain locations with political conflict. These restrictions exist due to variations in crypto regulations in different jurisdictions and the necessity to comply with international sanctions and anti-money laundering laws. This leads to service restrictions in several countries, these include:

• United States
• Mainland China
• Singapore
• Quebec and Ontario in Canada
• North Korea
• Cuba
• Iran
• Uzbekistan
• Certain areas in Ukraine

Bybit does not offer services to individuals or entities on sanction lists such as the U.S. Treasury Department’s List of Specially Designated Nationals or Blocked Persons, the EU’s Consolidated Financial Sanctions List, and the UK Sanctions List.

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Does Bybit Require KYC?

Yes, Bybit requires all users to complete identity verification of at least Level 1 for access to its products and services, highlighting the importance of security and regulatory compliance. This requirement ensures a safer trading environment and aids in preventing illegal activities by verifying users' identities.

The platform offers enhanced withdrawal limits post-verification, with non-verified users capped at a daily limit of 20K USDT, while verified individuals enjoy significantly higher limits, up to 30M USDT. The verification process typically concludes within 15 minutes, although it may extend up to 48 hours in complex cases.

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Where is Bybit Located?

Bybit is now headquartered in Dubai after relocating from Singapore due to the regulatory hostility of the Monetary Authority of Singapore (MAS) against the digital asset sector. Bybit moved its HQ to the United Arab Emirates after the country began implementing a progressive regulatory regime that was incentivizing large exchanges like Binance to move to the nation.

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Closing Thoughts

To wrap up, Bybit operates in over 160 countries but excludes certain regions due to regulatory constraints and international sanction requirements. The exchange's move to Dubai reflects the platform's strategy to align with progressive regulatory environments. Future expansion to restricted jurisdictions like the U.S. remains uncertain and would require Bybit to satisfy specific regulatory conditions.