Bybit Fintech Limited, referred to as Bybit, is a Dubai based cryptocurrency exchange. Established in 2018 by Ben Zhou, it is among the biggest cryptocurrency exchanges worldwide.
In February 2025, the exchange was hacked leading to the loss of $1.5 billion in possessions, marking the biggest cryptocurrency theft on record.
Bybit was established in 2018 by Singaporean business owner Ben Zhou, who presently functions as CEO. In 2022, the business transferred its head office from Singapore to Dubai, United Arab Emirates.
If you have ever tried to open an account on a crypto exchange and got a message like “service not available in your region,” you’re not alone. A lot of people , including me, search for Bybit banned countries because they want a clear, simple answer: Where is Bybit restricted, and why?
In this article, I’ll explain what Bybit is, how it works, and which restricted regions and restricted nations are currently on Bybit’s “excluded” list. I’ll also share practical tips so you don’t get surprised later. I will also show you the list of all the best Bybit alternatives to choose from in case your country was among the banned nations.
What Is Bybit?
Bybit is a cryptocurrency trading platform (a crypto exchange) where you can be able to deal with cryptocurrencies. In simple terms, it is an online place where people can:
- Buy and sell cryptocurrencies (like Bitcoin and Ethereum)
- Trade crypto in different ways (spot trading, futures, options, etc.)
- Manage their crypto portfolio in one account
Many traders like exchanges like Bybit because they offer advanced trading tools. But with advanced tools also comes stricter rules—especially about who can use the platform.
And that’s where the topic of bybit banned countries comes in.
How the Bybit Works
Even if you have never used a crypto exchange before, the basic flow is pretty easy to understand. In this section I will give you a straight forward of how the platform works. Here’s what “using Bybit” usually looks like:
1. You create an account
You sign up with an email or phone number and set up security features (like 2FA).
2. You complete identity checks (KYC) if required
Most major exchanges use KYC, which means “Know Your Customer.” It’s a verification process where you prove who you are.
This can involve things like:
- Uploading an ID document
- Doing a face/liveness check
- Sometimes uploading a proof of address document
KYC is one of the main ways exchanges enforce restricted nations rules.
3. You add funds
You can usually fund your account by:
- Depositing crypto from another wallet/exchange
- Using fiat methods (where supported), like card payments or bank options
(Some fiat features can have their own extra restrictions depending on location.)
4. You choose how you want to trade
Bybit typically offers more than one type of trading. Here’s the simple difference:
- Spot trading: You buy or sell the actual crypto asset at the current market price.
- Derivatives (like futures/perpetuals): You trade contracts that track the price. These can involve leverage (borrowed power), which increases both profits and losses.
- Options (where available): More advanced contracts, usually used for hedging or higher-risk strategies.
5. You manage risk and withdraw funds
Trading isn’t just clicking “buy” and “sell.” You also manage:
- Position size
- Stop-loss and take-profit levels
- How much leverage you use (if any)
Then you withdraw crypto back to your own wallet if you want.
What Does “Bybit Banned Countries” Actually Mean?
When people say Bybit banned countries, they usually mean places where Bybit does not offer services.
Important point (in plain English):
- “Banned” does not always mean crypto is illegal in that country.
- It usually means the exchange has chosen (or is required) to block users there because of laws, licensing rules, sanctions, or internal risk policies.
So you might also see these phrases used:
- Bybit restricted countries
- Restricted regions
- Restricted nations
- Excluded jurisdictions
They all point to the same idea: Bybit is not available there (or not fully available there).
List of Bybit Banned Countries
Based on Bybit’s own “Service Restricted Countries” statement, Bybit does not offer services or products in the following excluded jurisdictions (this is the core bybit banned countries:
- United States
- Chinese Mainland
- Hong Kong
- Singapore
- Canada
- France
- North Korea
- Cuba
- Iran
- Uzbekistan
- Sudan
- Syria
- Russian-controlled regions of Ukraine (currently including):
- Crimea
- Donetsk
- Luhansk
- Sevastopol
Also, the policy mentions that Bybit may restrict other jurisdictions as well, depending on its decisions and compliance requirements.
So, if you’re checking Bybit banned countries, remember: the list can be updated, and restrictions can expand.
Visit www.bybit.com if you countries is not among the restricted countries.
Popular Bybit Alternatives:
- Bybit.com
- Binance.com
- Coinbase
- Kraken
- Bitget
- OKX
Why Does Bybit Restrict These Nations and Regions?
People often take this personally (“Why is my country blocked?”), but it’s usually about compliance and risk. Common reasons include:
- Regulatory licensing issues
Some countries require specific registrations or licenses for crypto trading platforms. - Rules around derivatives
Certain places have strict rules about futures, leverage, and similar products—especially for everyday (retail) traders. - International sanctions and financial restrictions
Some countries are heavily sanctioned, and many global financial companies avoid offering services there. - High compliance risk
Even if crypto exists in a country, local rules may make it difficult for the exchange to operate safely. - Conflict-zone restrictions
Regions connected to geopolitical conflict may be restricted to reduce legal and operational risk.
How Bybit Enforces Restricted Regions Rules
This is where many users get caught off guard. Exchanges don’t rely on “trust”—they use systems.
Bybit may enforce restricted nations rules through:
- KYC checks (your ID and proof of address)
- Location signals (for example, internet/IP patterns)
- Account information (country selections during registration)
- Ongoing monitoring (especially when withdrawing or using certain products)
In other words: even if someone signs up successfully, they can still run into restrictions later when they try to verify identity or withdraw.
What Will Happen If You Try To Use Bybit From a Restricted Country?
This part is serious, and it’s why you should treat the Bybit restricted countries list as a real rule, not a suggestion.
If an exchange believes you misrepresented your location or residency, possible outcomes can include:
- Account limitations or closure
- Being asked for extra verification
- Losing access to certain products
- Forced closure of open positions (in worst-case scenarios)
That can feel harsh, but exchanges usually write these rules clearly because they’re trying to protect themselves legally.
Quick Tips to Avoid Problems
If you’re worried about bybit banned countries and restricted regions, here are simple, practical tips:
- Check your residency status honestly (where you legally live matters)
- Complete verification early so you don’t get stuck later
- Avoid “workarounds” that break platform rules (they often backfire)
- Don’t keep more funds on an exchange than you need for trading
- If you travel a lot, be extra cautious with trading and logins when crossing borders
Small FAQ (Simple Answers)
Is Bybit available in the United States?
No—this is listed as a restricted jurisdiction.
Is Canada on the Bybit banned countries list?
Yes—Canada is listed as an excluded jurisdiction.
Does “restricted” mean I can’t even open an account?
Often yes, but sometimes you may open an account and then get blocked later during KYC, trading, or withdrawals.
Can the restricted nations list change?
Yes. Restrictions can be updated as laws and policies change.
How to Make a Deposit on Bybit
Bybit is now supporting various kinds of deposit techniques for our users. Here is an in-depth operation procedure so that you can quickly transfer crypto or fiat currency through:
- Crypto Deposit
- One-Click Purchase
- Fiat Deposit
P2P Trading
Crypto Deposit
A crypto deposit is the transfer of crypto from an external wallet or another exchange through blockchain deal to your Bybit account. You can discover an in-depth guide on how to make a crypto deposit here.
— Each coin has various deposit requirements, such as a minimum deposit quantity or a deposit approach (Smart Contract). Please make certain to check out the essential notes on the Deposit page before making a deposit.
— For coin deposits that need a deposit tag/memo, such as XRP, EOS, TON chain and more, kindly make sure to fill out your deposit memo/tag properly in the Comment/Note/Remark field of your withdrawal demand page. You can discover your memo/tag from the deposit window as revealed listed below. Transferring without a memo/tag or with the incorrect memo/tag might cause the loss of possessions. For more details, please describe the FAQ– On-chain Crypto Deposits.
One-Click Buy
You can now quickly purchase cryptocurrencies utilizing fiat currencies with various transfer approaches on Bybit. This service is generally supplied by utilizing the 3 channels listed below:
a. Bank Card payment
Bybit has actually released bank card payments, enabling users to purchase crypto straight with their bank cards utilizing fiat currencies. You’ll simply require to connect your bank card to your Bybit account and purchase without going through any third-party channel. The procedure takes just 5 minutes and is as basic as purchasing other routine items online. You can likewise utilize your Google Pay and Apple Pay account to acquire cryptocurrencies.
To buy coins utilizing a bank card, head on over to our Buy Crypto → One-Click Buy page. To find out more, please describe our Bank Card Payment short articles here.
b. Third-Party Payment
Third-Party Payment is a service offered by third-party company. Bybit has actually worked together with more than 8 provider. Please note that to utilize this payment technique, traders are needed to carry out KYC confirmation with third-party provider. As soon as a trader’s identity is effectively validated and their order has actually been finished, the company will credit the cryptocurrency into the trader’s Bybit account. Various companies support various currencies and payment approaches.
To buy coins utilizing a third-party channel, head on our Buy Crypto → One-Click Buy page and pick the third-party payment approach in the drop-down menu. You’ll be rerouted to the third-party site to continue the purchase procedure.
c. Fiat Balance
After transferring fiat deposits on your account, you can utilize this fiat balance to acquire crypto on One-Click Buy. The fiat balance choice will just be offered after you have actually made a very first fiat deposit on your account and after binding your account with 2FA confirmation.
To acquire coins utilizing your fiat balance, head on our Buy Crypto → One-Click Buy page and select the Fiat Balance approach in the drop-down menu.
Fiat Deposit
It is now possible for traders to deposit fiat currencies on Bybit so they can utilize their fiat funds to buy coins straight on the platform. The list of readily available fiat currencies supported on this function can be discovered here.
In order to deposit fiat into your Bybit account, please go to Buy Crypto → Fiat Deposit. When the deposit is finished, the funds will be credited in your Funding account and you can acquire cryptocurrencies utilizing your fiat balance anytime.
Please describe our FAQ– Fiat Deposit for more details and for an in-depth guide on how to transfer each currency, please speak with the page here.
P2P Trading
P2P Trading is a simple and safe peer-to-peer trading platform that helps with the trading of coins in between 2 users at an ideal, equally concurred cost without any deal costs.
Users can purchase and offer crypto on P2P Trading utilizing various fiat currencies, with more than 60 payment approaches presently supported. They can likewise pick their buyer/seller from the list of ads, according to their favored payment approach and currencies.
To acquire funds utilizing P2P Trading, head on over to Buy Crypto → P2P Trading to begin purchasing your crypto!