Bybit Egypt: Crypto Trading Rules, Risks, and What You Need to Know

When you use Bybit Egypt, a global crypto exchange accessible to users in Egypt despite local bans. Also known as Bybit platform Egypt, it offers high-leverage trading, low fees, and access to hundreds of tokens—none of which matter if you get caught breaking the law. Egypt doesn’t just discourage crypto trading—it criminalizes it. The law says you can be fined between 1 million and 10 million Egyptian pounds, and in some cases, face jail time. That’s not a warning. That’s a real penalty, enforced by the Central Bank of Egypt and the Financial Regulatory Authority.

So why do people still use Bybit in Egypt? Because inflation is crushing savings. The Egyptian pound lost over 70% of its value against the dollar in two years. Crypto isn’t a luxury here—it’s a survival tool. People trade Bitcoin, USDT, and Ethereum on Bybit to protect their money, send funds abroad, or buy goods online. But they do it quietly. No KYC. No bank links. No public posts. They use VPNs, peer-to-peer networks, and burner wallets. The exchange itself doesn’t target Egyptian users—it doesn’t need to. The law does the enforcement.

Bybit isn’t unique here. Other exchanges like BIT.com, a high-leverage crypto platform with regional restrictions and BitFex, an anonymous exchange with no KYC also serve Egyptian traders. But Bybit stands out because of its deep liquidity, advanced tools, and global reputation. That’s why it’s the go-to for serious traders—even when it’s illegal. The problem? You can’t trust a platform that’s technically blocked. Withdrawals can freeze. Accounts can vanish. And if authorities trace your wallet, you’re on your own.

There’s no official way to use Bybit legally in Egypt. No licenses. No government approval. No path to compliance. Even if you think you’re safe because you use a VPN, the law doesn’t care about your tech tricks. It cares about your wallet activity. And Egypt has been cracking down harder every year. Recent cases show authorities tracking blockchain transactions, seizing phones, and demanding bank records. One trader was fined 8 million EGP just for buying USDT on P2P and transferring it to Bybit.

So what’s the real story? Bybit Egypt isn’t a feature. It’s a workaround. A risky one. And the people using it aren’t gamblers—they’re people trying to keep their money from disappearing. The posts below show you exactly how this works: the fines, the workarounds, the exchanges that still function, and the scams that prey on desperate traders. You’ll see what happened with CELT, WSG, and other dead projects that lured Egyptians with fake airdrops. You’ll learn why platforms like BTCsquare and Exonium are ghost towns. And you’ll find out why even the biggest names like Bybit can’t protect you when the law turns against you.

How Egyptians Trade Crypto Underground with P2P Methods
  • By Silas Truemont
  • Dated 30 Nov 2025

How Egyptians Trade Crypto Underground with P2P Methods

Despite strict banking bans, millions of Egyptians trade crypto daily using P2P platforms like Bybit and Binance. With no legal exchanges, they bypass restrictions using mobile wallets, cash, and bank transfers-creating a thriving underground market worth $690 million by 2025.