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 Palau ID to 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 in the US, but there is an easy way you can get around this, using a digital ID from Palau. 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 due to geo-restrictions. However, if you apply for a Palau ID and KYC your Bybit account, you will be able to access Bybit. 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 purchase a digital Palau ID to KYC your account. Once that is done, you will be able to use all of Bybit's features freely.
What are the risks of using Bybit in the US?
It is possible that Bybit bans and closes your account if they discover that you are from the US. 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 users from the US are blocked from registering, trading, or even accessing Bybit.
Alternatives to Bybit in the US
If you don't want to use a Palau ID 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
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