In the competitive world of hardware wallets, Trezor has earned a reputation for prioritizing open-source transparency and uncompromising Bitcoin security. While it supports various cryptocurrencies, the brand’s real strength lies in safeguarding Bitcoin holdings—making it a favorite among Bitcoin purists. This review dives into the Trezor Safe 3, examining its features, security, and usability to help you determine whether it’s the right cold storage solution for your crypto needs.
Trezor Safe 3: Overview and Design
The Trezor Safe 3, priced at US$79, is a next-generation hardware wallet that combines affordability with robust security features. It includes a Secure Element (EAL6+) chip for enhanced protection, a 0.96″ monochrome OLED screen, and a two-button interface for intuitive on-device confirmation. The wallet supports PIN and passphrase protection, 12-, 20-, and 24-word backups, and is compatible with Trezor Suite and third-party apps for managing thousands of coins and tokens. Its open-source design, USB-C connectivity, and sleek, tamper-evident casing make it a reliable and stylish choice for safeguarding digital assets.
Security Features
The Trezor Safe 3 is built with a strong emphasis on both physical and digital security, making it a reliable choice for safeguarding your crypto assets. At its core is a Secure Element (EAL6+ certified) chip, which provides hardware-level protection against physical attacks and unauthorized access. This chip securely stores sensitive data like private keys, ensuring they never leave the device. This is a significant upgrade from the older Trezor Model One, which does not include a secure element.
To further enhance security, the Safe 3 supports PIN and passphrase protection, both entered directly on the device to prevent exposure to malware on connected computers. The passphrase acts as an additional layer of encryption, creating hidden wallets that remain inaccessible without the correct phrase—even if the recovery seed is compromised.
The device also features tamper-evident packaging and a durable, tamper-resistant casing, helping users detect any unauthorized interference before first use. For backup and recovery, the Safe 3 supports 12-, 20-, and 24-word recovery phrases, and is compatible with Shamir Backup for advanced redundancy.
All Trezor devices, including the Safe 3, are open-source, allowing independent verification of their firmware and security protocols. This transparency reinforces trust and ensures that vulnerabilities can be identified and addressed quickly by the community.
In short, the Trezor Safe 3 combines modern cryptographic protections with user-controlled security features, offering peace of mind for both new and experienced crypto holders.
Broad Compatibility and Ecosystem
The Trezor Safe 3 connects via USB-C and is compatible with Linux, macOS (version 11 “Big Sur” and higher), and Windows (version 10 or newer) operating systems. It functions seamlessly with the Trezor Suite, providing a comprehensive platform for managing a wide array of cryptocurrencies. While it supports thousands of coins and tokens as a universal wallet, its strong security features and open-source nature make it particularly appling to Bitcoin users. A Bitcoin-only version (also priced at US79) is available for those who prefer a dedicated device for their BTC.
Who Should Consider the Trezor Safe 3?
The Trezor Safe 3 is an ideal choice for users seeking a highly secure and affordable hardware wallet. Its inclusion of a secure element at this price point makes it a strong contender for entry-level users who prioritize security without breaking the bank. It’s also suitable for existing Trezor users looking for an upgrade from the Model One, or as a reliable backup device. The Safe 3 embodies Trezor’s core values of security and open-source transparency in an accessible package.
Conclusion
The Trezor Safe 3 is a highly recommended hardware wallet for users seeking a secure, open-source solution—particularly those focused on protecting Bitcoin. It strikes an excellent balance between affordability and strong security by incorporating a Secure Element chip, while maintaining a simple, user-friendly design. The Trezor Safe 3 offers essential protection against digital threats, making it an ideal entry point for anyone serious about keeping their Bitcoin safe without having to spend a lot of money for a hardware wallet.
Ledger Stax hardware wallet offers strong protection from online risks. Created by Ledger, a leader in digital security, the Stax features a user-friendly touchscreen, advanced encryption, and smooth functionality, making it a great choice for investors. In this review, we will break down its key features, security measures, and overall performance to help you decide if it’s the right wallet for your needs.
Check out our video review!
What is the Ledger Stax?
The Ledger Stax is a premium hardware wallet designed to offer top-tier security and a refined user experience for cryptocurrency investors. Priced at US$399.00, it features the world’s first curved E Ink® touchscreen, allowing for clear transaction signing and personalized lock screens with NFTs or photos. With its sleek credit card-sized design, lightweight build, and stackable magnets, the Ledger Stax combines cutting-edge technology with style, making it an ideal choice for users seeking both security and convenience.
Overview and key features
Here is an overview of the key features of the Ledger Stax:
Premium Hardware Wallet – Positioned at the high-end of the market with a price of US$399.00, offering top-tier security and design.
Curved E Ink® Touchscreen – The world’s first of its kind, featuring a 3.7-inch display with 16 grayscale levels for clear transaction signing and personalization.
Compact & Stackable Design – Credit card-sized (85mm x 54mm x 6mm) and lightweight (45.2g), with embedded magnets for easy stacking.
Robust Security – Equipped with a Secure Element Chip (ST33K1M5) with CC EAL6+ certification for advanced protection against threats.
Flexible Connectivity – Supports Bluetooth 5.2 and USB-C, ensuring seamless connection with Windows, macOS, Ubuntu, iOS, and Android devices.
Personalization Options – Allows users to customize the lock screen with NFTs or personal photos for a unique and tailored experience.
Ledger Live Integration – Provides access to 500+ cryptocurrencies, NFT support, and crypto services including buying, selling, swapping, and staking.
Premium Accessories – Comes with a Ledger Stax Magnet Shell for added protection and an elevated user experience.
Ideal for High-End Users – Best suited for those looking for a sophisticated, visually appealing, and highly secure hardware wallet, particularly NFT collectors.
Is the Ledger Stax safe?
The Ledger Stax is built with industry-leading security measures to protect your cryptocurrency from theft and unauthorized access. At its core is the Secure Element Chip (ST33K1M5) with CC EAL6+ Certification, the highest security standard for smart cards, ensuring robust protection against sophisticated attacks. Additionally, the device supports Bluetooth 5.2 and USB-C connectivity, allowing users to securely manage their assets on both desktop and mobile devices without compromising security. With these advanced features, the Ledger Stax provides a highly secure environment for crypto transactions, making it a safe and reliable choice for investors looking for top-tier protection.
Cryptocurrency and ecosystem support
The Ledger Stax offers extensive cryptocurrency support, enabling users to securely manage over 5,500 digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Binance Coin (BNB). It seamlessly integrates with the Ledger Live app, allowing users to buy, sell, swap, and stake their assets while maintaining full control over their private keys. Additionally, the Stax supports third-party wallets, ensuring compatibility with a wide range of blockchain ecosystems while prioritizing security. With its advanced features and broad asset support, the Ledger Stax provides a comprehensive solution for crypto investors seeking both convenience and protection.
Who is the Ledger Stax for?
The Ledger Stax is designed for users who prioritize a premium experience, advanced customization, and the absolute latest in hardware wallet technology. While its higher price point may be a consideration for some, the Stax offers an unparalleled blend of security, usability, and aesthetic appeal. It’s particularly well-suited for users with extensive NFT collections or those who appreciate a highly personalized and visually engaging device for managing their digital assets. For those seeking the ultimate in hardware wallet sophistication, the Ledger Stax delivers a compelling proposition.
Conclusion
The Ledger Stax represents Ledger’s commitment to innovation in hardware wallet security, combining advanced features with a sleek, customizable design. While its premium price may not suit all users, its curved E Ink touchscreen, robust Secure Element Chip, and seamless Ledger Live integration make it a compelling choice for those seeking top-tier security and a personalized crypto experience. In 2025, the Ledger Stax remains a recommended device, particularly for investors who value cutting-edge technology, enhanced usability, and strong protection for their digital assets.
Cryptocurrency hardware wallet reviews
Check out our other hardware wallet reviews:
Ledger Flex Review: User Friendly Security – A deep dive into the Ledger Flex, highlighting its intuitive touchscreen and security features.
Ledger Nano S Plus Review – Covers the affordability and enhanced capacity of the Nano S Plus, making it a great entry-level option.
Top 3 Cryptocurrency Hardware Wallets: Which One’s Best? – A comparison of the Ledger Nano X, Trezor Model T, and KeepKey, analyzing their security, design, and ease of use.
As cryptocurrency adoption surges, protecting your digital assets with a secure hardware wallet is more important than ever. While software wallets may work for small amounts, serious investors need robust offline solutions. In this Ledger Flex review, we’ll explore why this wallet leads the pack in usability, security, and value, comparing it to other top Ledger devices like the Stax and Nano S Plus.
Check out our video review!
Key Features of Ledger Flex
Here are some of the key features of the Ledger Flex:
Intuitive E Ink touchscreen: Equipped with a crisp, low-power E Ink display that ensures clear transaction verification and effortless navigation in any lighting.
Portable and sleek: Flexible form factor makes it ideal for carrying and on-the-go use.
Wide crypto support: Compatible with a broad range of cryptocurrencies for diverse portfolios.
Strong security foundation: Built with Ledger’s Secure Element and BOLOS operating system to protect against digital and physical threats.
Seamless connectivity: Offers both Bluetooth and USB-C support for smooth integration with mobile and desktop devices.
Versatile for all users: Suitable for beginners and experienced holders alike, delivering convenience without compromising security.
Here are some of these key new features in more detail.
E Ink Touchscreen: Unrivalled User Experience
The E Ink touchscreen on the Ledger Flex is a game-changer for hardware wallet usability. Unlike smaller, monochrome screens that often require scrolling to view full transaction details, the Flex’s display provides a comprehensive overview at a glance. This ‘clear-signing’ capability is a critical security feature, as it ensures that users can verify every aspect of a transaction – including the recipient address, amount, and fees – directly on the device before approving it. This eliminates the risk of blind-signing malicious transactions, a common vector for attacks on less transparent hardware wallets. The tactile and visual feedback from the touchscreen makes the entire process intuitive and less prone to errors, especially for those new to the intricacies of cryptocurrency transactions.
Asset Support and Ecosystem Integration
The Ledger Flex hardware wallet is fully integrated into the Ledger ecosystem, offering seamless support through the Ledger Live app—Ledger’s trusted crypto management platform. Ledger Live (their official managment app) supports over 5,500 cryptocurrencies and tokens, including major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Binance Coin (BNB). Users can also manage additional assets by connecting compatible third-party wallets such as MetaMask and MyAlgo, extending its versatility. The Ledger Flex allows for secure storage and transaction of Ethereum and Polygon NFTs, aligning with the growing demand for NFT hardware wallet support. Within Ledger Live, users can securely buy, sell, swap, send, receive, and stake selected cryptocurrencies—all in one streamlined, user-friendly interface.
Security Features of the Ledger Flex
At its core, the Ledger Flex is built on Ledger’s well-established security architecture. It features a Secure Element chip—a tamper-resistant microcontroller that securely stores cryptographic secrets and performs sensitive operations. This hardware-based security ensures private keys remain isolated from internet-connected devices, even if a computer or smartphone is compromised. Additionally, Ledger’s proprietary operating system (BOLOS) adds another layer of protection by creating a tightly controlled environment for executing all device operations.
Should You Choose the Ledger Flex in 2025?
If you’re looking for the best hardware wallet in 2025, the Ledger Flex stands out as a top recommendation—especially for beginners entering the world of cryptocurrency. Backed by our extensive testing and review, the Ledger Flex combines a spacious E Ink touchscreen, industry-leading security features, and support for over 5,500 digital assets, making it an outstanding value for its price. Its clear-signing capability enables users to safely verify and approve transactions directly on the device, reducing errors and blocking phishing attempts. While other Ledger models like the Nano S Plus and Stax have their strengths, the Flex excels in user experience without sacrificing protection. For anyone seeking a reliable, intuitive, and future-ready crypto hardware wallet, the Ledger Flex is an excellent choice.
Cryptocurrency hardware wallet reviews
Check out our other hardware wallet reviews:
Ledger Stax Review: A premium hardware wallet with strong security, a curved E Ink touchscreen, and extensive cryptocurrency support, helping investors protect their digital assets.
Ledger Nano S Plus Review – Covers the affordability and enhanced capacity of the Nano S Plus, making it a great entry-level option.
Top 3 Cryptocurrency Hardware Wallets: Which One’s Best? – A comparison of the Ledger Nano X, Trezor Model T, and KeepKey, analyzing their security, design, and ease of use.
Bybit has established itself as the world’s second-largest cryptocurrency exchange by trading volume, serving over 60 million users globally. Founded in 2018, the platform specializes in crypto derivatives trading, offering Bitcoin perpetual futures, options, and leveraged trading. Traders can long or short digital assets, enabling them to profit from both rising and falling market conditions.
In this article, we’ll explore Bybit’s key features, derivatives trading mechanics, and security protocols to determine whether it remains a top choice for traders in 2025.
Key Features
Bybit has evolved into one of the largest cryptocurrency exchanges, offering a user-centric trading experience with cutting-edge features designed for both beginners and professional traders. Here are some of Bybit’s key features:
1. Leveraged Trading
Bybit continues to provide high-leverage trading options, allowing users to amplify their positions with up to 100x leverage on select derivatives contracts.
2. Perpetual Futures Contracts
The exchange specializes in perpetual futures contracts, which allow traders to speculate on cryptocurrency prices without an expiration date. Bybit offers deep liquidity, ensuring seamless order execution even during volatile market conditions.
3. Advanced Trading Tools
Bybit has introduced AI-powered trading analytics, automated trading bots, and customizable risk management features to enhance user experience. These tools help traders make informed decisions and optimize their strategies.
4. Proof of Reserves & Security
Security remains a top priority for Bybit. The platform now provides real-time proof of reserves, ensuring transparency and user fund protection. Additionally, Bybit employs multi-layer security protocols, including cold storage for assets, multi-factor authentication, and anti-phishing measures.
5. Web3 & DeFi Integration
Bybit has expanded its ecosystem to support Web3 applications, allowing users to access decentralized finance (DeFi) services, stake assets, and participate in on-chain governance directly from the exchange.
6. Global Accessibility & Compliance
Bybit has strengthened its regulatory compliance, securing licenses in multiple jurisdictions to ensure global accessibility while adhering to strict financial regulations.
History of Bybit
Bybit was founded in 2018 by Ben Zhou, an entrepreneur from Singapore, with the goal of creating a user-friendly cryptocurrency derivatives exchange. Initially headquartered in Singapore, Bybit quickly gained traction among traders due to its high-leverage trading options and advanced trading tools.
Major Milestones
2022 – Bybit relocated its headquarters to Dubai, United Arab Emirates, to align with the region’s growing crypto-friendly regulations.
2023 – The exchange faced legal challenges when the FTX bankruptcy estate sued Bybit for nearly $1 billion, alleging preferential withdrawals during FTX’s collapse. Bybit settled the case in October 2024, paying $228 million.
2025 – In February 2025, Bybit suffered the largest cryptocurrency exchange hack in history, losing $1.5 billion in Ethereum due to vulnerabilities in its multi-signature wallet system. The exchange replenished its reserves within 72 hours with emergency funding from Galaxy Digital, FalconX, and Wintermute2.
Despite challenges, Bybit remains the second-largest cryptocurrency exchange globally, continuing to expand its Web3 ecosystem, enhance security measures, and refine its derivatives trading offerings
What is Derivatives Trading?
Crypto derivatives trading lets investors speculate on future prices of digital assets like Bitcoin and Ethereum—without owning them. Bybit offers perpetual contracts, futures, and options, allowing users to potentially profit from price movements in either direction.
Why Trade Derivatives on Bybit?
Leverage Up to 100x
Hedging Strategies – Reduce losses from price volatility
Advanced Order Execution – Secure trades with price protection features
Bybit’s Popularity in 2025
Bybit has solidified its position as the world’s second-largest cryptocurrency exchange by trading volume, serving over 70 million registered users globally. The platform continues to attract traders due to its high liquidity, advanced trading tools, and strong security measures.
Types of Derivatives Products on ByBit
Bybit continues to be a leading crypto derivatives exchange, offering a diverse range of trading products designed for both retail and institutional traders. Here is a list of what derivatives products are available on Bybit in 2025:
1. Perpetual Futures Contracts
Bybit specializes in USDT-margined and inverse perpetual contracts, allowing traders to speculate on price movements without an expiration date. These contracts provide deep liquidity and up to 100x leverage, making them a preferred choice for active traders.
2. Standard Futures Contracts
Bybit offers quarterly and bi-quarterly futures contracts, which settle at a predetermined date. These contracts are ideal for traders looking for structured risk management and long-term market exposure.
3. Options Trading
Bybit has expanded its crypto options market, providing European-style options that allow traders to hedge risks or speculate on volatility. The platform supports BTC, ETH, and other major assets, with customizable strike prices and expiration dates.
4. Inverse Perpetual Contracts
Bybit recently introduced 15 new inverse perpetual contracts, enabling traders to use crypto as collateral instead of stablecoins. This feature is particularly useful for long-term holders who want to trade without converting assets.
5. Copy Trading & AI-Powered Strategies
Bybit now integrates AI-driven trading bots and copy trading features, allowing users to follow expert traders and automate strategies. This makes derivatives trading more accessible to beginners while enhancing efficiency for professionals.
Bybit supported countries in 2025
Bybit provides cryptocurrency trading services in over 160 countries, allowing users to buy, sell, and trade digital assets. However, due to regulatory restrictions, certain regions are excluded from accessing the platform.
BybitSupported Countries
Bybit is available in major regions across Asia, Europe, Africa, and the Americas. Some of the key supported countries include:
Asia-Pacific: Japan, India, South Korea, Malaysia, Indonesia, Philippines, Thailand, Vietnam
Europe: Germany, France, Spain, Italy, Netherlands, Switzerland, Poland, Portugal
Middle East & Africa: United Arab Emirates, Saudi Arabia, South Africa, Egypt, Kenya
Americas: Brazil, Argentina, Mexico, Chile, Peru, Canada (limited services)
Bybit Restricted or Banned Countries
Bybit does not operate in the following locations:
United States, United Kingdom, Canada, France – Regulatory frameworks prevent Bybit from offering services.
Sanctioned Countries – North Korea, Cuba, Iran, Sudan, Syria, and Russian-controlled regions in Ukraine (Crimea, Donetsk, Luhansk, Sevastopol) are restricted due to international sanctions.
Bybit Supported Cryptocurrencies
Bybit offers a wide range of cryptocurrencies for trading, including major assets, stablecoins, and newly listed tokens. Here are the cryptocurrencies supported by Bybit:
Major Cryptocurrencies
Bybit supports trading for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), and Polygon (MATIC), among other leading digital assets.
Stablecoins
Users can trade with USDT, USDC, DAI, and other fiat-backed stablecoins, ensuring price stability and seamless transactions.
New Listings & Emerging Tokens
Bybit frequently adds new cryptocurrencies through its Launchpad and Launchpool programs, allowing users to invest in early-stage blockchain projects. Recent additions include AI-powered tokens and real-world asset-backed cryptocurrencies.
Derivatives & Perpetual Contracts
Bybit offers crypto derivatives trading, including USDT-margined and inverse perpetual contracts for major assets like BTC, ETH, and SOL.
Bybit Payment Methods
Bybit offers multiple payment options for users to deposit funds and purchase cryptocurrencies securely. The exchange supports bank cards, digital wallets, and crypto payments, ensuring flexibility for traders worldwide as follows:
1. Bank Card Payments
Bybit allows users to buy crypto using Visa, Mastercard, JCB, Google Pay, and Apple Pay. Users can link up to 5 bank cards to their account, provided they meet identity verification requirements.
2. Supported Fiat Currencies
Users can purchase cryptocurrencies using major fiat currencies, including USD, EUR, GBP, JPY, and AUD. The availability of fiat options depends on the selected payment method and region.
3. Bybit Pay
Bybit Pay is a global crypto payment solution, enabling users to make transactions using 15 major cryptocurrencies, including BTC, ETH, USDT, USDC, XRP, BNB, and TON3. The platform supports instant transfers via email, phone number, or Bybit User ID.
4. Transaction Fees
Bybit applies variable transaction fees based on the payment method:
Visa/Mastercard (EU) – 1.1% per transaction
Visa (Non-EU) – 3.05% per transaction
Mastercard (Non-EU) – 2.7% per transaction
Google Pay & Apple Pay – 1.8% + €0.24 fixed cost
Bybit Deposit and Withdrawal Fees
Bybit offers zero deposit fees for cryptocurrency transactions, allowing users to fund their accounts without additional costs. However, withdrawal fees vary based on the network conditions and asset type.
Deposit Fees
Crypto Deposits – No fees for depositing cryptocurrencies into Bybit.
Fiat Deposits – Fees may apply depending on the payment provider used for fiat transactions.
Withdrawal Fees
Bybit charges fixed withdrawal fees based on the selected cryptocurrency and blockchain network. Some examples include:
Bitcoin (BTC) – 0.0005 BTC
Ethereum (ETH) – 0.00015 ETH
USDT (Tether, BEP20) – 10 USDT
Solana (SOL) – 0.00802 SOL
XRP (Ripple) – 0.844 XRP
Bybit processes withdrawals 3 times daily to ensure efficient fund transfers. Users should check the withdrawal page for real-time fee updates, as network congestion may impact costs.
Bybit Trading Fees
Bybit follows a tiered fee structure, offering competitive rates for spot trading, perpetual contracts, and options trading. Fees vary based on VIP levels, which are determined by asset balance or 30-day trading volume.
Spot Trading Fees
VIP 0 (Standard Users): 0.10% maker & taker fee
VIP 1: 0.08% maker & 0.0675% taker fee
VIP 3: 0.075% maker & 0.0625% taker fee
Supreme VIP: 0.045% maker & 0.03% taker fee
Perpetual & Futures Contracts Fees
VIP 0: 0.055% taker & 0.02% maker fee
VIP 3: 0.035% taker & 0.014% maker fee
Pro 5: 0.021% taker & 0.000% maker fee
Options Trading Fees
VIP 0: 0.03% taker & 0.02% maker fee
VIP 3: 0.02% taker & 0.015% maker fee
Pro 6: 0.015% taker & 0.000% maker fee
Bybit updates VIP levels daily. Users can check their personal fee rates in the My Fee Rate section after completing identity verification.
Bybit KYC Verification
Bybit requires users to complete Know Your Customer (KYC) verification to access most features on the exchange. This process ensures compliance with global anti-money laundering (AML) regulations and enhances security for all users.
KYC Levels & Withdrawal Limits
Bybit offers multiple KYC levels, each with different benefits and withdrawal limits:
VIP Levels – Higher withdrawal limits, up to 30M USDT for PRO 6 users
How to Complete KYC Verificationon Bybit
Users must submit government-issued identification and complete facial recognition to verify their identity. Advanced verification requires proof of address, such as a utility bill or bank statement.
Bybit Offers and Coupons
Bybit provides a variety of promotions, bonuses, and fee discounts for both new and existing users through its Rewards Hub. Here is a list of what Bybit offers and coupons are available in June 2025:
1. Welcome Bonuses
New users can claim sign-up rewards by completing tasks such as making their first deposit or executing trades. Bonuses include:
Deposit Bonus – Earn up to US$50 for funding your account.
Referral Bonus – Invite friends and receive extra trading credits.
2. Trading Fee Discounts
Bybit offers fee savers that reduce trading costs on spot, perpetual, and futures contracts. These discounts apply automatically when trading.
3. Special Promotions & Airdrops
Users can participate in weekly trading competitions and airdrops, earning exclusive rewards based on trading volume and engagement.
4. Bybit Pay Coupons
Coupons are available for Bybit Pay transactions, allowing users to offset fees when making purchases through Bybit’s payment system.
Bybit Testnet
You can also test transactions on the Bybit Testnet. This allows users who are unfamiliar with features to trade without using real Bitcoin.
Bybit Controversies
Bybit has faced scrutiny over its leveraged trading risks, with some users reporting significant losses due to market volatility. The exchange emphasizes that high-leverage trading is intended for experienced traders, and users must understand the risks before engaging in derivatives trading. Here are some of Bybit’s recent controveries:
Leveraged Trading Risks – Bybit has been criticized for enabling high-leverage trades, which can lead to rapid liquidations in volatile markets. The platform advises users to employ risk management tools such as stop-loss orders.
Listing Fee Allegations – Claims surfaced that Bybit charges US$1.4 million in listing fees for new tokens. The exchange denied these allegations, clarifying that projects must provide a promotion budget and security deposit ranging from $200,000 to $300,0002.
Campus Ambassador Program – Bybit was accused of targeting students with trial trading contracts. The CEO dismissed these claims, stating that no schools officially allow students to trade contracts.
Frequently Asked Questions (FAQs)
Does Bybit Allow US traders?
The exchange does not allow US Citizens to trade on its platform for regulatory reasons. This rule is enforced by I.P. verification, where traders with a US I.P. address will not be able to trade. It is possible to trade on the exchange without KYC (passport verification) verification.
Does Bybit require KYC?
Currently, Bybit does not require a passport or ID verification to trade on the exchange. There are currently no withdrawal limits. However, not completing the KYC procedures when using a cryptocurrency exchange carries risks. This is because if the exchange is hacked or it collapses, there would be no way of identifying and proving what funds you had there, which would make recovery extremely difficult, if not impossible.
