Why am I unable to convert my crypto in Bybit?
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Alright, straight up β itβs tricky. Because of sanctions, most big exchanges like Binance and Bybit donβt officially support Iranian users. If you try to register with an Iranian IP or ID, theyβll probably block or freeze your account. So, if youβre still planning to use them, you gotta be super careful.
Hereβs what most people usually do β for educational purposes only:
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.
Donβt 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 β if they legally have one.
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.
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.
Withdraw to cold wallets regularly:
Donβt 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.