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

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).

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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