Why is Bybit banned in the US? Bybit is an international cryptocurrency exchange. Bybit gives access for people to trade cryptocurrency on the platform, Bybit is a global cryptocurrency that offers up to 100x leverage trading on cryptocurrency.
Bybit exchange was launched by Ben Zhou in 2018 and is legally registered. Bybit allow exchange only between four cryptocurrencies (Bitcoin, Ethereum, EOS & XRP), Bybit don’t allow users to purchase cryptocurrency via the fiat payment method.
However, there are some people who can not access the Bybit because the cryptocurrency platform has been banned from their countries, one of these countries that are banned from accessing Bybit in the U.S
How To Use Bybit In The U.S
If you are an American citizen or you are currently in the U.S you will not be able to access Bybit due to the lack of regulatory clarity within the country and the fear of being sued by the SEC, one of the American regulatory.
The ban of Byabit in the country is forced by an IP address geo ban. Any American IP address is automatically blocked from accessing the cryptocurrency exchange platform.
However, if you still want to access the Bybit platform you do that using VPN to change your location if Bitby discovered an American account is trying to access the exchange platform through VPN your account might get blocked and you won’t be able to access hour funds.
Bybit Restricted Countries
List of countries that are restricted from accessing Bybit:
- United States of America
- North Korea
- China (Mainland, Hong Kong, Macau & Taiwan
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