Is Bybit legal in US? How to use Bybit in US

Is Bybit legal in US? How to use Bybit in US

Robert McDougall 

January 5, 2024

Cryptocurrency

Key Takeaways

  • Bybit is a popular cryptocurrency exchange with over 280 coins, but it is not legal in the USA due to strict regulations.
  • To access Bybit from the USA, you can use a VPN to change your IP address to a country where Bybit is available, but there are risks involved.
  • Bybit does not require KYC or identity verification to trade, which makes it easier to use with a VPN, but certain transactions may require KYC.
  • An alternative to Bybit for US residents is Zoomex, which offers a similar trading experience and a wide range of coins, with low fees and various features.

Bybit is one of the best cryptocurrency exchanges in the world, with more than 280+ coins, low trading fees, and various markets. However, the problem for those living in the US is that Bybit is not available in the USA. Bybit blocks users based on their IP address, but there is an easy way you can get around this, using a VPN. If you register with Bybit, you can also use this exclusive link to receive $10 FREE BTC when you deposit $100 or more.

Can you use Bybit in the US?

Technically, if you are in the US you cannot use Bybit, as your IP address will be blocked. However, if you set up a VPN, you can use Bybit, since there is no KYC or identity verification requirements on the exchange. If you decide to sign up to Bybit, make sure you take advantage of our exclusive offer of $10 BTC FREE when you sign up with this link.

How to use Bybit in the US?

It is easy to use Bybit in the US; simply use a VPN to change your IP address to a country where Bybit is supported, eg: Australia. You don't need to verify your identity before trading on Bybit, so you can easily trade using a VPN, while residing in the USA.

Is it safe to use a VPN when trading crypto?

Yes, using a VPN is safe when trading crypto, and in fact is safer than if you use your regular IP address. This is because it provides anonymity and increased privacy, protecting you from hackers.

What are the risks of using Bybit in the US?

The risk of using Bybit in the US is that there may be certain transactions that require KYC, for example withdrawing or transferring crypto. If this occurs, and you are unable to provide KYC because you are in the US, your funds may be frozen in your account.

It is possible that Bybit bans and closes your account if they discover that you are from the US. 

Bybit may also add KYC verification at any time, and if you cannot do so your funds may be stuck in your account.

Since there are risks involved in using Bybit in the US, we would suggest you consider using alternative crypto exchanges that are available in the USA.

Why can't I use Bybit in the US?

The US has very strict regulations regarding cryptocurrency exchanges; they must have KYC identity verification, and comply with strict AML (Anti Money Laundering) regulations. There are also strict rules against certain types of crypto trading, such as derivatives trading. Since many large international crypto exchanges like Bybit do not meet the USA's regulations, they choose not to operate there. Because of this, any IP address from the US will be blocked from registering, trading, or even accessing Bybit.

Alternatives to Bybit in the US

If you don't want to use a VPN to access Bybit, you can choose a crypto exchange that is legal in the US. Our suggestion is Zoomex (read review here), which is a similar crypto trading platform to Bybit.

Zoomex has a wide range of 200+ coins and low trading fees of 0.02/0.06% (maker/taker). Zoomex has plenty of features, such as futures trading, copy trading, and even the ability to switch between a DEX or CEX exchange. If you sign up with this link, you will receive special access to tasks where you earn free crypto! For example, deposit $100 and receive $10 USDT bonus, and trade $100 and receive another $10 USDT bonus!

You can also read our article on the best crypto exchanges in the US, or see the table below for a quick comparison of the best exchanges, with some key facts.

Comparison Table of the Best Crypto Exchanges in the USA

MEXC
eToro
Uphold
Coinmama
Crypto.com
Crypto Exchange
Crypto Exchange
MEXC
eToro
Uphold
Coinmama
Crypto.com
Fiat Currencies
Fiat Currencies
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, EUR, AUD, CAD, GBP, JPY
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
Cryptocurrencies
Cryptocurrencies
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, BCH, DASH, LTC, ETC & 75 more
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 250+ more
Deposit Methods
Deposit Methods
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
PayPal, Debit card, Wire transfer
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
0% for spot, 0.0%/0.01% for futures
1%
Fees included in the spread
2.93% - 3.90% (depending on loyalty level)
Included in spread

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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