In this article, we will be explaining all the steps to use Bybit from the United States of America. Bybit does not provide its services in the USA; however, you can still enjoy its benefits using a VPN.
Table of contents
- Summary (TL;DR)
- What is Bybit?
- How to use BitMEX in the USA?
- Trading Options at Bybit
- Why is Bybit banned in the USA?
- What is a VPN?
- How does a VPN work?
- The 5 Best VPN Service Providers
- What is Proton VPN?
- How to use a VPN to access Bybit?
- How to use a VPN on your laptop to access Bybit?
- How to use a VPN on Android to access Bybit?
- How to use Bybit?
- How to turn off VPN?
- How to get around a VPN block?
- Why should you trade at Bybit using a VPN?
- How to use Bybit in the USA: Pros and Cons
- How to use Bybit in the USA: Conclusion
- Frequently Asked Questions
- Bybit is one of the most popular crypto margin trading platforms offering leverage of up to 100x.
- It offers trading in inverse perpetual contracts, inverse future contracts, and linear perpetual contracts.
- However, Bybit is banned in the USA and it is because of strict US regulatory laws.
- Through a VPN like Proton VPN, you can access the Bybit exchange by keeping your IP address anonymous.
- Proton VPN, Hola VPN, Tunnelbear, etc., are some of the best and easy-to-use VPN service providers.
- You can activate the VPN by clicking on the connect button on your mobile app or browser extension.
- With the VPN in active mode, you can log into your Bybit account and begin trading.
What is Bybit?
Bybit is a cryptocurrency exchange based in Singapore. The exchange primarily focuses on creating an innovative, intuitive, transparent, and secure platform for its clients. The platform offers three derivative assets that consist of inverse perpetual contracts, inverse future contracts, and linear perpetual contracts.
Bybit uses various security features such as cold storage, multi-key signature wallets, two-factor authentication, etc. You can also receive up to 500 USDT through the referral program at Bybit.
To learn more, read our comprehensive review of the Bybit platform.
How to use BitMEX in the USA?
You can not access Bybit legally in the USA due to the US government’s strict regulatory laws on crypto assets. However, if you use a VPN it is possible to access Bybit even if you are residing in the United States of America.
Let us understand trading options available on Bybit and how it is unique from other similar exchanges before taking you on a tour of how to trade on Bybit in the USA.
Trading Options at Bybit
Bybit has over 1.6 million users. The exchange offers features like flexible leverage, dual matching mechanism, multiple order types, and one of the most robust matching systems in the trading space. Apart from this, the platform offers leverage of up to 100x on its crypto assets. Now let’s understand the main trading options available on Bybit.
Bybit Leverage Trading
Bybit offers leverage from 1x to 100x on its crypto assets. One of the unique features includes flexible leverage on Bybit. Now that means you can adjust your leverage in the Bybit isolated leverage trading mode; however, cross margin trading does not provide this feature.
Bybit offers both isolated and cross-margin trading options. You can choose either of these and place an order using the limit, market, or conditional tab. Read our guide on margin trading to learn about cross and isolated margin trading.
Bybit Perpetual Contracts
On Bybit you have two types of perpetual contracts. These include
- Linear perpetual contracts- The margin deployed for such perpetual contracts is USDT.
- Inverse perpetual contracts – The margin deployed in such contracts depends on the underlying value of the asset. These include BTC/ ETH/ XRP/ EOS.
Bybit Futures Contracts
In this, you can trade in inverse futures that is buying/ selling an asset at a predetermined price for a specific time. On Bybit the inverse value is settled in Bitcoin(BTC) and calculated using equivalent USDT.
Why is Bybit banned in the USA?
The USA is among the countries that own strict regulations for trading in cryptocurrency. Bybit is an unregulated crypto platform, and hence it does not follow the USA government’s norms. The exchange itself decides to stay away from the American crypto trading market.
These regulatory conditions on cryptocurrency lead to a geo IP address ban on Bybit. This means any American IP address is blocked from using this exchange. But, today we will help you bypass those restrictions with the help of VPN services.
What is a VPN?
First of all, VPN stands for the virtual private network. In simple terms, you use VPN to keep your surfing on the internet private. Through a VPN, your identity stays anonymous on the web. After enabling a VPN, nobody on the internet can keep an eye on you and everything you touch on the internet.
So using a VPN, you can access the services that are not available in your area. For instance, say Snapchat is not accessible in your country. Then you can install a VPN and choose a location where Snapchat provides its services. Now you can sign-up for Snapchat and enjoy all its perks and features. Similarly, we are going to use a VPN for using Bybit in the USA.
How does a VPN work?
So when you switch to a VPN network, you are now using an encrypted IP address instead of using your actual IP address.
A VPN encrypts the information and sends it to the VPN server, and receives it back. All this transfer happens through a secure tunnel. The VPN server decrypts the data and runs your query to the desired website. After this, the server fetches the results, encrypts them again, and sends them back to you through that secure pathway/ tunnel.
The 5 Best VPN Service Providers
Choosing a VPN that gives you desired results without any junk can be a tough job. So to help you through this, here is the list of the five best VPN service providers that offer a smooth and better service to you. Remember, many VPN providers only offer paid services.
There are many VPN providers in the market; however, we will be using Proton VPN to go through the steps to set up the VPN. You can follow the steps for any other VPN in a similar manner.
What is Proton VPN?
Proton VPN is one of the best free VPN service providers in the USA. It has more than 1200 servers, operating in around 55 countries, and holds a capacity of more than 1400 Gbps. The Proton VPN is freely and easily accessible to anybody surfing on the internet.
Proton offers a reliable and transparent VPN service. Also, you can subscribe to its paid version for some additional perks and benefits. However, to access Bybit in the USA, you can even go with the free version of Proton VPN.
How to use a VPN to access Bybit?
In simple words, you can use Proton VPN very easily on your laptop, PC, or smartphone. It will change your IP address into a proxy address provided by the VPN service provider. Hence, you can very easily access Bybit from anywhere in the USA. Next, we will discuss how to access Bybit using a VPN from your mobile and laptop.
How to use a VPN on your laptop to access Bybit?
Here we will see how you can set up Proton VPN on your laptop/PC within no time. Below are some simple steps to do the same.
- Choosing a plan: First of all, you need to select a plan. That plan may be free, basic, or advanced you can decide that based on your usage; however, the free version can do the job for you.
- Creating an account on Proton VPN: After choosing a plan, you need to sign up for creating an account on the website. For this, just fill in a unique username, choose a password, enter a valid email and click on the sign-up option.
- Verifying the account: You can verify your account’s identity by entering the verification code sent to you. Also, you can choose to receive a verification code by email or mobile number.
- Downloading Proton VPN: After verification, you can download the desired version of this VPN for windows, Android, or Mac on the next page.
- Setting up Proton VPN: After downloading the setup, open the downloaded file and follow the instructions shown on the screen to install the VPN.
- Activating Proton VPN: Go to the VPN and log in using your credentials. After logging in, you will see the list of countries on the left-hand side, and you can choose any country from the given list. For instance, you select Brazil and click on connect, your IP address will change to one from Brazil.
How to use a VPN on Android to access Bybit?
For using a VPN on your phone, you just need to install the VPN application on your android. However, there are no significant differences in using a VPN on your android phone or laptop. Let us have a quick drive to see how you can very easily use a VPN on your android mobile.
Installing the Ultimate VPN
- You can go to the google play store/ Apple app store and search Ultimate VPN.
- Now click on the install button to download and install the application of Ultimate VPN.
Activating the VPN
- After installing the application, you need not create an account on the application.
- Just open the app on your android/ iPhone.
- Now simply choose the country to which you want to connect your server. Click on the link, and a free VPN will start operating on your Android phone.
Now you can easily access the Bybit site using your laptop or mobile. Either create an account or log in to your already existing account on Bybit.
How to use Bybit?
You can kickstart your trading journey by creating an account on the platform. However, below is a step-by-step guide to help you start trading on Bybit:
- Visit the site of Bybit and make sure your VPN server is connected.
- Click on the register option.
- Enter a valid email address, choose a unique password, and hit the register button.
- Now verify your email address and then log in to your Bybit account.
- Complete your identity verification process by uploading the essential documents like your selfie, driving license/ passport, etc.
- Now click on your email appearing top right corner of the website.
- After clicking on your mail, click on “my assets.”
- You need to deposit any crypto asset of your choice like BTC/ ETH/ EOS/ XRP to place your first order.
- After clicking on the deposit, you will receive a unique deposit address and a QR code through which you can deposit assets in your Bybit account.
- Now hit the trade tab and start trading in crypto assets right away.
How to turn off VPN?
Now when you are done with your work, it’s time to turn off the VPN. In Proton VPN, just go on the icon of VPN in the taskbar. Now click on the disconnect button. This will disconnect the VPN server. Similarly, you can turn off the VPN in your android by going on the VPN app and clicking on the disconnect button.
We turn off the VPN because it reduces your internet speed significantly. You can turn on the VPN again when you need to access Bybit in the future within few seconds.
How to get around a VPN block?
In some rare cases, your free VPN address might be blocked. To overcome this situation, you need to purchase the paid version from your VPN service provider. The premium services include overcoming the VPN blocks with continuously updating VPN addresses.
Why should you trade at Bybit using a VPN?
Bybit is one of the most reliable and transparent cryptocurrency exchanges. It offers flexible leverage of up to 100x which is adjustable in the isolated trading mode. With its multilingual and 24×7 customer support, you will be all set to trade in assets like Bitcoins and altcoins at your fingertips.
It hardly matters if you live in the US. With a VPN at your side, you can easily trade through Bybit from any corner of your country. However, it is important you keep in your mind that what is illegal before using a VPN remains illegal after using one.
We hope you can easily register your account on the exchange without any hassles and give your trading journey a kickstart. However, if you wish to learn more about the exchange, you can refer to our Bybit review article.
How to use Bybit in the USA: Pros and Cons
|Bybit gives high leverage of up to 100x.||The number of trading pairs at Bybit is limited.|
|It offers support in multiple languages.||The exchange supports only a limited number of cryptocurrency assets.|
|Reduces risk by storing the funds of customers in cold storage.||It suits well to experienced and sophisticated traders.|
|High bonus up to $600 and also offers an unregulated platform.||Using a VPN to access might an unregulated exchange might not provide legal resources in case of any mishappening.|
|Settled contracts in coins and USDT.|
How to use Bybit in the USA: Conclusion
If you are a trading enthusiast, then no boundaries can prevent you from trading. It does not matter if your government has banned a particular crypto exchange in your nation. You can still access it using a good VPN. VPNs like Proton VPN and Ultimate VPN are freely available for all to use.
Bybit secures a place among the top cryptocurrency trading exchanges. It offers leverage trading with features like flexible adjustment of leverage even after opening a position.
Frequently Asked Questions
Bybit is one of the most secure, trustworthy, and easy-to-use platforms. The exchange provides leverage of 100x and offers various perpetual contracts to trade. So to answer the question, yes, Bybit is a legit unregulated exchange.
Using Bybit in the USA is illegal, and if you still wish to use the same, you can install any VPN extension on your browser. You can then change your location to any country other than the USA and use Bybit. However, do remember that what is illegal before VPN remain illegal with VPN.
Both Bybit and Coinbase have their features. Bybit offers one of the best leverage trading features in the market. On the other hand, Coinbase provides buying and selling, trading, and even free crypto to trade legally in the USA.