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

When people search for Bybit China, a cryptocurrency exchange platform that operates outside China’s legal boundaries. Also known as Bybit Global, it is one of the most popular offshore trading platforms used by Chinese traders despite the country’s strict crypto ban. China outlawed all cryptocurrency exchanges and mining in 2021, making it illegal for domestic companies to offer crypto services. But that didn’t stop millions of people from trading. Instead, they turned to platforms like Bybit, Binance, and OKX—based overseas—that let them access markets using VPNs and peer-to-peer (P2P) networks. This isn’t about breaking rules for fun. It’s about access. People in China still want to trade Bitcoin, Ethereum, and altcoins, and they’ve built workarounds that are hard to shut down.

Behind every trade made on Bybit by a Chinese user is a system built on stablecoins like USDT, P2P marketplaces, and encrypted messaging apps. You won’t find official Bybit offices in Shanghai or Beijing, but you’ll find people trading through local agents who convert yuan to USDT and send it to offshore wallets. The Chinese government has cracked down on banks and payment processors, but crypto moves faster than regulation. The real story isn’t about Bybit itself—it’s about how a ban created a shadow market. And that market thrives because it solves a real problem: the lack of financial freedom. Other entities like USDT, a stablecoin pegged to the U.S. dollar and widely used as a bridge currency in restricted markets and P2P crypto trading, a decentralized method of buying and selling crypto directly between individuals without an exchange became essential tools in this underground economy. Even though Bybit doesn’t advertise in China, its app is still downloaded through third-party sites and Telegram channels. The platform’s low fees and advanced trading tools make it a top pick for experienced traders who know how to navigate the risks.

What you’ll find in this collection aren’t ads for Bybit. They’re real stories about what happens when a country bans crypto but its people still want to trade. You’ll read about how traders avoid detection, why stablecoins are the backbone of China’s crypto underground, and which exchanges actually work after the ban. You’ll also see how scams like fake Bybit sites and phishing apps prey on people trying to get around the rules. This isn’t about promoting illegal activity. It’s about showing you what’s really happening on the ground—and how to stay safe if you’re caught in the middle.