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What should I do if bybit does not support domestic support?

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Release: 2024-04-25 14:01:56
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Bybit has stopped providing services to users in mainland China in July 2021 due to Chinese laws prohibiting the operation of such exchanges. Mainland Chinese users have the following alternative: Use cryptocurrency exchanges that support Chinese users, such as Binance, Huobi, and OKX. Buy and sell cryptocurrencies directly through over-the-counter (OTC) platforms. Use a blockchain-based decentralized exchange (DEX).

What should I do if bybit does not support domestic support?

Bybit does not support domestic use, what should I do?

Bybit has stopped providing services to users in mainland China in mid-July 2021.

Reason:

According to relevant Chinese laws and regulations, it is illegal for a virtual currency exchange like Bybit to operate in China.

Solution:

For users in mainland China, it is currently not possible to use the Bybit platform directly. Here are some alternatives:

  • Use other cryptocurrency exchanges that support Chinese users: There are several cryptocurrency exchanges that support Chinese users, such as Binance, Huobi, and OKX .
  • Buy and sell cryptocurrencies through over-the-counter (OTC) platforms: OTC platforms allow users to trade cryptocurrencies directly with other individuals.
  • Use decentralized exchange (DEX): DEX is a trading platform based on blockchain technology and does not rely on centralized exchanges.

Note:

  • When using alternatives, be sure to choose a reputable, safe and reliable platform.
  • Comply with local laws and regulations and avoid participating in any behavior that may violate the law.
  • Invest in cryptocurrencies with caution as it is a high-risk form of investment.

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