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

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

Daniel Chan

August 7, 2022

Cryptocurrency

Bybit is one of the best cryptocurrency exchanges in the world, with more than 220+ 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, so if you are in the US, 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 without even making a deposit.

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 will be able to 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, and receive $10 BTC FREE when you sign up with our link.

How to use Bybit in the US?

It is easy to use Bybit in the US, simply by using a VPN to change your IP address to a country where Bybit is supported, for example Australia. You don't need to submit any KYC documents or verify your identity in anyway before trading on Bybit, so you can easily trade on the platform 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 gives you anonymity and increased privacy, protecting you from hackers.

Why can't I use Bybit in the US?

The US has very strict regulations regarding cryptocurrency exchanges, for example 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 simply choose not to operate there. Now, any IP address from the US will be blocked from registering, trading, or even accessing the site.

Alternatives to Bybit in the US

If you don't want to access Bybit using a VPN, you can instead choose a crypto exchange that is available for US residents. Our suggestion is KuCoin (read review here), which is a similar crypto trading platform, with over 600+ coins, low trading fees of 0.1%, and various markets, such as spot trading, margin trading, and futures.

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

Comparison Table of the Best Crypto Exchanges in the USA

eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Crypto Exchange
Crypto Exchange
eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Fiat Currencies
Fiat Currencies
USD
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, AUD, CAD, EUR, GBP, SGD, HKD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, BCH, DOGE & 90+ more
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 250+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank transfer (ACH), Debit card, Wire Transfer, Cryptocurrency
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.05%
2.93% - 3.90% (depending on loyalty level)
From 0.25% (maker) and 0.35% (taker)
Fees included in the spread
Exchange: from 0.4%, App: Free (included in spread)

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at 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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