bybit restricted countries

Due to regulatory and security concerns, Bybit restricts access to its cryptocurrency exchange for users in certain countries, including those facing sanctions or lacking adequate anti-money laundering measures.

Oct 26, 2024 at 03:47 am

Bybit Restricted Countries

1. Definition of Restricted Countries

Bybit is a cryptocurrency exchange that restricts users from certain countries due to regulatory compliance, legal limitations, or risk management reasons.

2. List of Restricted Countries

As of March 2023, the following countries are restricted on Bybit:

• Afghanistan
• Albania
• Algeria
• Belarus
• Bolivia
• Bosnia and Herzegovina
• Botswana
• Burundi
• Cambodia
• Central African Republic
• Chad
• Congo
• Côte d'Ivoire
• Cuba
• Cyprus
• Croatia
• Dominican Republic
• Ecuador
• Egypt
• El Salvador
• Ethiopia
• Gambia
• Georgia
• Ghana
• Grenada
• Guinea
• Guinea-Bissau
• Iran
• Iraq
• Jamaica
• Kazakhstan
• Kenya
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Liberia
• Libya
• Mali
• Malta
• Mauritania
• Mauritius
• Moldova
• Montenegro
• Mozambique
• Myanmar
• Nepal
• Nicaragua
• Niger
• Nigeria
• North Korea
• Oman
• Pakistan
• Palestine
• Panama
• Papua New Guinea
• Paraguay
• Philippines
• Qatar
• Reunion
• Russia
• São Tome and Príncipe
• Saudi Arabia
• Seychelles
• Sierra Leone
• Somalia
• South Sudan
• Sri Lanka
• Sudan
• Syria
• Tajikistan
• Tanzania
• Thailand
• Timor-Leste
• Togo
• Tunisia
• Turkey
• Turkmenistan
• Uganda
• Ukraine
• United Arab Emirates
• Uzbekistan
• Vanuatu
• Venezuela
• Vietnam
• Yemen
• Zambia
• Zimbabwe

3. Reasons for Restrictions

Restrictions are typically imposed due to:

• Anti-money laundering (AML) and know-your-customer (KYC) regulations
• Security concerns
• Government sanctions
• Local laws prohibiting cryptocurrency trading

4. Consequences of Using Bybit from Restricted Countries

Access to Bybit's services may be limited or blocked for users from restricted countries. This may include restrictions on:

• Account registration
• Trading
• Deposits and withdrawals
• Customer support

5. Alternative Options for Residents of Restricted Countries

If you reside in a restricted country, you can consider using other cryptocurrency exchanges that allow trading from your location. Some popular alternatives include:

• Binance
• Coinbase
• FTX
• Kraken
• Gemini

6. Note:

Please note that restrictions can change over time. It is recommended to regularly check Bybit's website for the latest updates on restricted countries.