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Is Bybit Legal in the USA? Can US Traders Access Bybit?

Publisher

January 24, 2024
Is Bybit available and legal in the US?

If you are a US citizen and you are looking for a safe, legit, and reliable cryptocurrency exchange for your trading, you probably have heard about Bybit. Not only is it an excellent crypto trading platform, but also one of the largest exchanges in the world with over 20 million users.

But is Bybit legal and available in the United States? Can I use Bybit in the US? The answer is: No, Bybit is not legal in the US and you can not even use it with a VPN. Read on why US customers can not use Bybit anymore.

DISCLAIMER: You will find many websites claiming that you can access Bybit with a VPN. This is not true and their information is outdated! Your will not be able to trade nor withdraw your funds!

 

Start Trading on Bybit!

 

Can you use Bybit in the US?

No, you can not use Bybit in the United States. Bybit is not legal in the US. The U.S. is on the list of Bybits restricted countries and therefore US citizens can not verify their identity on the platform.

As Bybit made KYC mandatory (on the 8th of May 2023), you can not trade, deposit, or withdraw cryptos on Bybit without KYC. Customers from the United States might be able to sign up for a Bybit account, but they can not do the KYC process as Bybit does not accept documents issued by the US government.

Remember: In order to use any of Bybits services, you must verify your identity with the KYC process.

 

Can I use Bybit in the US with a VPN?

No, you can not use Bybit with a VPN if you are a US citizen. Even with a VPN, you will not be able to follow the KYC process. Your account will remain unverified and trading as well as withdrawals are locked.

In the past, US traders could access Bybit with a VPN and trade, but this changed in 2023 since Bybit made KYC mandatory.

 

Can I use Bybit with a VPN?

As long as you are not a citizen from one of Bybits restricted countries, you can use the platform for trading, depositing and withdrawing. For example, if you are from the United Kingdom but you are on vacation in the United States, you can still use Bybit with a VPN.

If you do not have a VPN yet, make sure to check out our guide about the best VPN for crypto trading.

 

Start Trading on Bybit!

 

Why Is Bybit not legal in the USA?

Accessing a good crypto exchange in the United States can be frustrating. This is due to the regulatory uncertainty regarding cryptocurrencies in the US. Most exchanges do not receive the required license in order to offer crypto trading in the USA.

However, there are a few good crypto exchanges that US customers can use.

 

Bybit alternatives for US traders

As Bybit is not legal in the US, you might want to look for the best alternatives.

The best crypto exchange that is available in the US is BingX. With over 600 different cryptos, low fees, and an incredibly user-friendly interface, BingX is a top choice for crypto traders from the US. You can sign up for a BingX account, or you can read our full BingX review.

Another great option for US crypto enthusiasts is BYDFi. The trading platform is actually quite similar to Bybit, so if you are seeking an exchange with a similar feeling, BYDFi might be best for you. Check out the full BYDFi review here, or you can sign up on BYDFi right away.

 

Start Trading on Bybit!

 

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