Bybit Russia: What You Need to Know About Crypto Trading in Russia

When it comes to Bybit Russia, a global crypto exchange that offers futures, spot trading, and high leverage. Also known as Bybit exchange, it's one of the most popular platforms outside Russia—but inside the country, it's effectively banned. The Russian government doesn’t allow unlicensed foreign exchanges like Bybit to operate legally. In 2025, only exchanges registered with Russia’s Central Bank and following strict KYC rules are permitted. Bybit isn’t on that list.

That doesn’t mean Russians stopped using it. Many still access Bybit through VPNs or third-party services, but doing so carries serious risks. Accounts can be frozen without warning. Funds might disappear if the platform gets blocked by Russian ISPs. And if you’re caught trading on an unapproved exchange, you could face fines or legal trouble under new digital asset laws. The government wants control over every ruble moved online—and they’re pushing the digital ruble, Russia’s official central bank digital currency. Also known as CBDC, it’s designed to replace private crypto use entirely. Meanwhile, local platforms like Quidax, a licensed Russian crypto exchange. Also known as Russian SEC-approved exchange, it’s one of the few platforms that comply with state rules and offer real user protection. are growing fast, but they’re limited in features compared to global giants like Bybit.

If you’re in Russia and want to trade crypto, you’re stuck between two bad options: use a risky, unregulated platform like Bybit and risk losing everything, or switch to a government-approved exchange with fewer coins and slower withdrawals. There’s no perfect solution yet. The truth is, crypto freedom in Russia is shrinking fast. What you’ll find below are real stories from users who tried Bybit in Russia, warnings about fake support sites pretending to be Bybit, and guides to legal alternatives that actually work under current laws. This isn’t about hype—it’s about survival in a system that doesn’t want you to own crypto.