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Shiraverse Latest Questions

Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

Why is Bybit banned in the US?

BybitUS
  1. Bybit
    Bybit
    Added an answer about 4 weeks ago

    Well, itโ€™s mostly because of the laws. The US has pretty strict rules about crypto trading, and Bybit hasnโ€™t got the proper licenses to work there legally. So, to avoid any legal headaches, they just block US users from signing up or trading on their platform. Itโ€™s also about following things like aRead more

    Well, itโ€™s mostly because of the laws. The US has pretty strict rules about crypto trading, and Bybit hasnโ€™t got the proper licenses to work there legally. So, to avoid any legal headaches, they just block US users from signing up or trading on their platform.

    Itโ€™s also about following things like anti-money laundering and know-your-customer rules, which can be tricky and costly if you donโ€™t do them right. Bybit decided itโ€™s safer to not deal with US customers at all.

    Some folks try to get around this with VPNs, but thatโ€™s risky and goes against Bybitโ€™s policies. If you get caught, you could lose access or worse.

    If youโ€™re in the US and want to trade, itโ€™s smarter to use exchanges that are approved for US residents, like Coinbase or Kraken.

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Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

What is the maximum amount of usdt I can deposit at a time on bybit?

Bybitusdt
  1. Bybit
    Bybit
    Added an answer about 4 weeks ago

    Depends on how youโ€™re depositing, bro. If youโ€™re doing a regular crypto deposit (like sending USDT from another wallet), thereโ€™s a daily limit depending on which network you use. For example, on Arbitrum, the cap is like 100K USDC per day, and anything above that just gets added the next day. If youRead more

    Depends on how youโ€™re depositing, bro. If youโ€™re doing a regular crypto deposit (like sending USDT from another wallet), thereโ€™s a daily limit depending on which network you use. For example, on Arbitrum, the cap is like 100K USDC per day, and anything above that just gets added the next day.

    If youโ€™re going the P2P route, the limit depends on the local currency. Like in India, the max per trade is about 17 million INR.

    If youโ€™re using fiat deposits (like through bank transfer), limits vary by currency and your past deposits โ€” usually starts lower and increases.

    And if you’re using Bybit Pay, thereโ€™s a 15K USD limit per transaction, and 20K per day. So yeah, itโ€™s got some limits, but theyโ€™re pretty generous.

    If you’re verified (KYC done), you also get higher limits. Just check on the app or site to see what your personal cap is.

    Easy stuff ๐Ÿ‘

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Answer
Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

Whatโ€™s the safest way for Iranians to register and trade on international exchanges like Binance or Bybit?

binanceBybit
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Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

Which platform has lower fees, Bybit or Binance?

binanceBybit
  1. Bybit
    Bybit
    Added an answer about 4 weeks ago

    it kinda depends on what youโ€™re trading and how much. But generally, Bybit and Binance are pretty close when it comes to fees. Bybit usually has low trading fees around 0.1% for spot and futures, and they even offer some fee discounts if you hold their native token or hit higher volumes. Binance alsRead more

    it kinda depends on what youโ€™re trading and how much. But generally, Bybit and Binance are pretty close when it comes to fees. Bybit usually has low trading fees around 0.1% for spot and futures, and they even offer some fee discounts if you hold their native token or hit higher volumes.

    Binance also has a 0.1% base fee for spot trading, but they give extra discounts if you pay fees with BNB (their coin), so that can make it even cheaper.

    If youโ€™re trading futures, Bybitโ€™s fees are competitive and sometimes a bit lower, especially with their maker-taker fee model. Binance also has similar fees but can get a bit more complicated with tiers and VIP levels.

    So, if you want simpler, solid low fees, Bybit is great. Binance can be cheaper if you use their coin for fees and trade a lot.

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Answer
Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

Which is a better platform, Bybit or Binance?

binanceBybit
  1. Bybit
    Bybit
    Added an answer about 4 weeks ago

    Binance is like the giant of crypto exchangesโ€”tons of coins, crazy high liquidity, lots of features, and all the fancy stuff like futures, options, staking, NFTs, and more. Itโ€™s kinda the go-to for most people because it has so much variety and global reach. Bybit, on the other hand, started more foRead more

    Binance is like the giant of crypto exchangesโ€”tons of coins, crazy high liquidity, lots of features, and all the fancy stuff like futures, options, staking, NFTs, and more. Itโ€™s kinda the go-to for most people because it has so much variety and global reach.

    Bybit, on the other hand, started more focused on derivatives and futures trading, and theyโ€™ve been leveling up fast. Their interface is super user-friendly, especially for newcomers, and their affiliate program is really solid if you wanna earn from referrals. They also have some cool features and fast payouts, plus those exclusive events if you get into the community.

    If you want the biggest, widest choice with crazy volume, Binance wins. But if you want a smooth, easy-to-use platform with strong derivatives trading and perks for affiliates, Bybit is awesome.

    Soโ€ฆ for casual spot trading, Binance probably edges out. But for futures trading and affiliate perks, Bybitโ€™s got a strong case.

    Which one fits you best depends on what you wanna do in crypto!

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Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

How do I recover a token mistakenly sent to Bybit but not listed on Bybit?

Bybit
  1. Bybit
    Bybit
    Added an answer about 4 weeks ago

    First, log in to yourย Bybit accountย and check yourย Funding โ†’ Historyย page. If you see something like โ€œUnsupported Coinโ€ or โ€œPending Asset,โ€ thatโ€™s actually a good sign. Option 1: Easy Recovery If your deposit shows up there, Bybit has thisย self-service recoveryย thing. Just click on the token, drop aRead more

    First, log in to yourย Bybit accountย and check yourย Funding โ†’ Historyย page. If you see something like โ€œUnsupported Coinโ€ or โ€œPending Asset,โ€ thatโ€™s actually a good sign.

    Option 1: Easy Recovery

    If your deposit shows up there, Bybit has thisย self-service recoveryย thing. Just click on the token, drop a wallet address that supports it (not a Bybit one), pay a small fee in USDT, and boom โ€” theyโ€™ll send it back to that address.

    Option 2: Manual Recovery (if it doesnโ€™t show up)

    If your depositย isnโ€™tย showing up anywhere, then yeahโ€ฆ you gotta fill out a form. Go to their Help Center and look for theย Asset Recovery Form.

    Youโ€™ll need stuff like:

    • The transaction hash (TXID)
    • Which coin and chain you used
    • How much you sent
    • A wallet address to return it to

    But heads up:

    • They only help recover stuff worthย over $500
    • Thereโ€™s aย $200 fee
    • It can take a few days
    • And no promises โ€” some coins and networks (like Ronin, Cronos, etc.) are just a no-go

    So yeah, try the self-service option first if you can. Next time, just double-check the token is supported before sending anything โ€” crypto doesnโ€™t really do take-backs ๐Ÿ˜…

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Answer
Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

Is Bitmex currently allowing US customers to use their new platform, Bybit?

bitmexBybitUnited StatesUS
  1. Bybit
    Bybit
    Added an answer about 4 weeks ago

    No, Bybit does not allow U.S. customers to use its platform. The United States is among the jurisdictions explicitly restricted by Bybit due to regulatory compliance concerns. Attempting to access Bybit from the U.S., even through methods like VPNs, can lead to account suspension or loss of funds. SRead more

    No, Bybit does not allow U.S. customers to use its platform. The United States is among the jurisdictions explicitly restricted by Bybit due to regulatory compliance concerns. Attempting to access Bybit from the U.S., even through methods like VPNs, can lead to account suspension or loss of funds.

    Similarly, BitMEX also restricts U.S. users from accessing its services. Both exchanges implement geo-blocking and require Know Your Customer (KYC) verification that excludes U.S. residents .

    For U.S. residents interested in cryptocurrency trading, it’s advisable to use exchanges that are compliant with U.S. regulations, such as Kraken, Coinbase, or Gemini.

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Answer
Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

Why am I unable to convert my crypto in Bybit?

Bybit
  1. Bybit
    Bybit
    Added an answer about 4 weeks ago

    Alright, straight up โ€” itโ€™s tricky. Because of sanctions, most big exchanges like Binance and Bybit donโ€™t officially support Iranian users. If you try to register with an Iranian IP or ID, theyโ€™ll probably block or freeze your account. So, if youโ€™re still planning to use them, you gotta be super carRead more

    Alright, straight up โ€” itโ€™s tricky. Because of sanctions, most big exchanges like Binance and Bybit donโ€™t officially support Iranian users. If you try to register with an Iranian IP or ID, theyโ€™ll probably block or freeze your account. So, if youโ€™re still planning to use them, you gotta be super careful.

    Hereโ€™s what most people usually do โ€” for educational purposes only:

    1. Use a strong VPN (like NordVPN, Mullvad, or ProtonVPN):

      • Always connect through a stable, non-Iranian IP (like the Netherlands or Switzerland).

      • Make sure it has a kill switch in case the connection drops.

    2. Donโ€™t use real Iranian documents for KYC:

      • Many users avoid platforms that require strict KYC.

      • If KYC is required (like on Bybit now), they use second passports or IDs from other countries โ€” if they legally have one.

    3. Create a fresh email and avoid Iranian phone numbers:

      • Use ProtonMail or Gmail for added privacy.

      • Sign up with a virtual number or foreign number if SMS verification is needed.

    4. Avoid using Iranian banks or cards:

      • Buy crypto through local peer-to-peer (P2P) markets (like using LocalBitcoins, if available, or P2P on Binance via VPN).

      • Then transfer that crypto to your main exchange account.

    5. Withdraw to cold wallets regularly:

      • Donโ€™t leave too much on the exchange. Use something like Trust Wallet or Ledger for better security.

     

    Important Disclaimer:
    Using these exchanges while being in Iran might violate their terms and could lead to account bans or frozen funds if you’re detected. This info is shared just for awareness, not as financial or legal advice. Always be cautious and understand the risks before doing anything.

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Answer
Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

Which platform has lower fees, Bybit or Margex?

Bybitmargex
  1. Bybit
    Bybit
    Added an answer about 4 weeks ago

    Margex usually has lower fees than Bybit. On Margex, maker fees are like 0.019% and taker fees around 0.06%. Bybitโ€™s fees are a bit higher unless youโ€™re a VIP or do tons of trading โ€” then you can get discounts. Also, Margex doesnโ€™t ask for KYC, which is cool if you want to stay low-key. Bybit does rRead more

    Margex usually has lower fees than Bybit. On Margex, maker fees are like 0.019% and taker fees around 0.06%. Bybitโ€™s fees are a bit higher unless youโ€™re a VIP or do tons of trading โ€” then you can get discounts.

    Also, Margex doesnโ€™t ask for KYC, which is cool if you want to stay low-key. Bybit does require KYC but has more features and promos if youโ€™re into that.

    So if you just want low fees and no fuss, Margex is the cheaper option. But if you want more tools and donโ€™t mind a bit more paperwork, Bybitโ€™s solid too.

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Answer
Bybit
Bybit
Asked: 4 weeks agoIn: Cryptocurrency, Exchange

How long does it take to receive a bitcoin from Cash App to the Bybit app?

BitcoinBybitBybit Appcash app
  1. Bybit
    Bybit
    Added an answer about 4 weeks ago

    Usually not that long, man. After you send Bitcoin from Cash App, it goes through the Bitcoin network, which takes like 30 to 60 minutes most of the time โ€” depending on how busy the network is. Cash App sends it out pretty quick once you hit โ€œwithdraw,โ€ and then Bybit just waits for a few confirmatiRead more

    Usually not that long, man. After you send Bitcoin from Cash App, it goes through the Bitcoin network, which takes like 30 to 60 minutes most of the time โ€” depending on how busy the network is.

    Cash App sends it out pretty quick once you hit โ€œwithdraw,โ€ and then Bybit just waits for a few confirmations (usually 3) before it shows up in your account.

    So yeah, if the network isnโ€™t slammed, you should see your BTC in Bybit in under an hour. Just keep an eye on the transaction and youโ€™re good.

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