Bybit is one of the most popular cryptocurrency exchanges in the world. However, due to regulatory restrictions, Bybit is not officially available in Canada.
 

Despite this, crypto adoption in Canada continues to grow, and many traders are actively searching for answers to questions like: Can you use Bybit in Canada? And if not, what are the best legal alternatives?
 

In this guide, we’ll explain:

• Why Bybit is restricted in Canada
• Whether Canadians can legally use Bybit
• How to trade safely and compliantly using Bybit alternatives that follow local regulations
   

This article focuses on staying compliant with Canadian laws and does not promote bypassing exchange restrictions or violating terms of service.
 

Important Disclaimer: This article is for informational purposes only. It does not encourage violating exchange terms, using VPNs to bypass restrictions, or breaking local regulations. Always check the latest rules and ensure you comply with Canadian financial laws.

 

How to Use Bybit in Canada: 2 Easy Options
 

Bybit is restricted for users residing in Canada, which means Canadian residents cannot officially access the platform. As a result, traders in Canada generally have two realistic and compliant options if they want to use Bybit or a similar exchange.
 

The two main options are:

1. You are temporarily traveling abroad and are a resident of a country where Bybit is supported
2. You use a Bybit alternative that offers a similar trading interface, features, and products—but is available in Canada
    

Below, we’ll give a quick overview of both options and then explain each one in more detail, so you can decide which approach best fits your situation.

 

Quick Overview 
 

User Type	Best Option	KYC Required	Legally Accessible in Canada?
Canadian Citizen or Passport Holder	Apex Omni (DEX)	No	Yes
Non-Canadian Passport Holder	Bybit via VPN	Yes	No (Unless resident elsewhere)

 

 

Option 1: Accessing Bybit While Temporarily in Canada (For Non-Canadian Passport Holders)
 

Bybit does not support residents of Canada, and individuals residing in Canada cannot legally create or verify an account on the platform. However, users who are not Canadian residents and are temporarily present in Canada may still be able to access their existing Bybit accounts, provided this is allowed under Bybit’s terms and conditions.
 

In some cases, users traveling from supported jurisdictions may experience IP-based access restrictions while in Canada. While tools such as VPNs may help maintain connectivity, they do not change a user’s residency status and do not override Bybit’s compliance or regulatory requirements.

 

Important considerations

• You must hold a non-Canadian passport from a country supported by Bybit
• Your account must fully comply with Bybit’s KYC requirements and Terms of Service
• Using a VPN does not make Bybit available to Canadian residents
• Users are responsible for ensuring their activity complies with local laws and exchange rules
   

This option is most relevant for travelers or expats who already have a verified Bybit account and are visiting Canada temporarily.

 

Option 2: Use the Decentralised Exchange of Bybit, Apex Omni

Decentralized exchanges (DEXs) are becoming increasingly popular and now account for over 20% of total crypto trading volume. Modern DEXs have evolved significantly, and many now offer a user experience that feels very similar to centralized exchanges.
 

Apex Omni is a decentralized exchange built by Bybit that closely mirrors the Bybit trading experience. It offers familiar features such as copy trading, grid bots, access to traditional financial markets, and a wide range of crypto trading pairs, but with the key advantage of being fully decentralized.
 

Because Apex Omni is a DEX, it is accessible globally and does not require KYC. Instead of creating an account, users simply connect a self-custodial wallet such as MetaMask and can start trading immediately, while retaining full control over their funds.

So in short, Apex Omni: 

• Does not require any KYC 
• Does not block IP addresses from Canada 
• Provides a similar look and feel as Bybit 

 

How to get started with Apex Omni 
 

1. Go to the Official Apex Omni website 

2. Connect your wallet 

3. Deposit Crypto and start trading

 

Decentralized exchanges use self-custody, which means you control your own funds instead of a third party. This offers more freedom and less exposure to regulatory restrictions, but it’s important to understand how the platform works before using it. If you want to learn more about Apex Omni, you can watch the video tutorial or visit the Apex Omni Tutorial page. 

 

Why is Bybit banned in Canada? 

Bybit is restricted in Canada because it does not operate under the country’s regulatory framework for crypto exchanges.
 

Canada requires platforms that serve Canadian residents to register with local regulators, follow strict KYC and AML rules, and meet investor protection standards. Bybit has chosen not to register in Canada, which is why the exchange is not officially available.
 

In addition, Bybit offers futures, leverage, and derivatives trading, products that are heavily restricted for retail users in Canada. To avoid regulatory issues, Bybit blocks account creation and access for Canadian residents.

 

Is Bybit illegal in Canada?
 

Bybit is not illegal, but it is not authorized to operate in Canada. This means Canadian residents cannot legally create or use a Bybit account, even though the platform itself operates legally in other jurisdictions.
 

Because of this, Canadian traders are encouraged to use regulated alternatives or decentralized platforms that are accessible without violating local laws.

 

Conclusion
 

Bybit is not available for Canadian residents due to regulatory restrictions, but this doesn’t mean Canadian traders are out of options. By using compliant alternatives such as decentralized exchanges like Apex Omni, it’s still possible to trade safely while staying within Canadian regulations.

 

Ready to start using Apex Omni? Get 5% Discount on your fees when you sign up using our affiliate link.

 

Frequently Asked Questions (FAQ)

 

Can you use Bybit in Canada?

No. Bybit is not available for Canadian residents due to regulatory restrictions. Canadian users cannot legally create or verify a Bybit account.

 

Is Bybit illegal in Canada?

Bybit itself is not illegal, but it is not authorized to operate in Canada. This means Canadian residents are not allowed to use the platform.

 

Why is Bybit banned in Canada?

Bybit is restricted because it does not comply with Canada’s regulatory framework for crypto exchanges. This includes registration requirements, investor protection rules, and restrictions on futures and leverage trading.

 

Are decentralized exchanges legal in Canada?

Decentralized exchanges are generally accessible in Canada because they do not operate as custodial intermediaries. However, users are responsible for understanding how self-custody works and complying with local laws.

 

Do I need KYC to trade crypto in Canada?

This depends on the platform. Centralized exchanges usually require KYC, while decentralized exchanges allow users to trade by connecting a self-custodial wallet.

 

Can I use Bybit in the United States?

No, Bybit does not support residents of the United States, and U.S. residents cannot legally create or verify an account on the platform. Read our Can I use Bybit in the US guide for more information.