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Bybit is a global crypto exchange that entered the Turkish market in 2024. Its local entity, Bybit TR, helps traders buy and sell crypto assets. Bybit TR is currently included in the Capital Markets Board (SPK) list of active companies (temporary list), which does not constitute an official license or approval.
Key Takeaways:
To create an account, you can use either the Bybit TR website or Bybit TR mobile app.
You can transfer Turkish lira (TRY) to your Bybit TR account through many Turkish banks, including Ziraat Bank, VakıfBank and Fibabanka.
There are two separate mobile interface designs, Lite and Pro, specifically for new and experienced users.
You can create a Bybit TR account using two different methods, either the Bybit TR mobile app or the Bybit TR website.
The following section provides a step-by-step guide on how to create an account using both options. Users can sign up for Bybit TR with either their phone number or email address.
After registering, users must complete the legally required Know Your Customer (KYC) procedure. Completing KYC allows users to access Bybit TR services in accordance with applicable regulations.
Step 1: Go to the Bybit TR website and click on the Sign Up button in the upper-right corner of the home page.
The Bybit exchange you need to register with is Bybit TR. You do not need to create a Bybit Global account. Make sure that the Bybit exchange you are registering with is Bybit TR.
Step 2: Now, fill out the registration form. Your information must be accurate and verifiable.
Before clicking on Create Account, read and approve the consent statement documents required and processed under the KVKK.
Step 3: To receive the required verification codes, tap on Send Verification Code for both your phone number and email address. Enter the codes received into their relevant fields, and then click on Submit.
Step 4: To trade spots and access all Bybit TR products, log in to your profile. After that, click on Get Verified Now to verify your identity as part of the KYC procedure.
Step 1: Get the Bybit TR mobile app on Google Play or the App Store . Once you've downloaded the App, open it up and tap on the Sign Up button on the home page.
Step 2: To create your account, you'll need to fill out the registration form. You can skip the Referral Code section, but be sure to fill in all the other fields accurately.
Before proceeding to the next step, please read the consent statement documents provided by the Personal Data Protection Authority (KVKK). After reading and approving them, click on Sign Up.
Step 3: Now, tap on the Get Code button to get your verification codes. Enter the codes (sent to the phone number and email address you provided in the previous step) into the relevant fields, and click on Confirm.
Step 4: Conduct a 1:1 short video call with a Bybit TR representative as part of the KYC procedure. Please note that you must have your ID with you during the call.
These steps are legally required, and help Bybit TR to comply with regulations. Please note that cryptocurrency investments carry risks, and losses are possible.
Step 5: To complete the setup of your Bybit TR mobile account, you'll need to verify your address. To do so, tap on the Verify Now button, and then select Upgrade Now. When the next screen pops up, simply upload one of the supported documents, such as a bank statement, utility bill or tax return.
As a crypto trader under Turkish regulations, you need to complete the Identity verification steps to access the following Bybit TR products and services:
Spot trading in over 100 cryptocurrencies across different pairs with Bybit TR.
Access On-Chain Earn to participate in staking activities. Please note that returns are variable, and investments carry risks.
Fulfill the tasks in the Rewards Hub to get rewards.
Crypto assets are highly volatile and carry investment risk. There is no guaranteed profit.
You can fund your Bybit TR account in two different ways.
A quick method is to deposit TRY via bank transfer. Log in to your Bybit TR account, and go to the Assets category. Next, click on the Deposit button, and then click on the Deposit TRY button under the Buy crypto with fiat tab.
After that, click on the Bank Transfer (Other Banks) button in the Payment Methods category. Then, select which bank (e.g., Ziraat Bank, VakıfBank, Fibabanka, etc.) you will use to complete the funding process.
In the final step, obtain the Bybit TR Receiver Account and IBAN, and then make a transfer from your bank.
The second method is to transfer your crypto assets directly from another account to your Bybit TR wallet. To transfer crypto assets, first log in to your Bybit TR account.
Click on the Deposit button in the Assets category. Then, tap the Deposit Crypto button and select which crypto asset you wish to transfer and which blockchain network you want to use. Lastly, copy your wallet address and paste it into the other account to which you want to transfer.
Notes:
There may be a system-related delay in your TRY transfer request. In that case, you can send an email to the Bybit TR Support Department. Additionally, you can create a ticket through the Bybit TR Help Center for review by the support team.
If you choose to transfer crypto, ensure that Bybit TR supports the blockchain network you select on the sending platform for that specific crypto asset. Assets sent using an unsupported network cannot be recovered.
Blockchain processing times and commission rates vary from blockchain to blockchain.
It’s important to keep your crypto trading account secure. Bybit TR offers a range of security solutions to its customers. Users can check these solutions in the Security section under the Account category.
You can also add an extra layer of protection to your account with two-factor authentication (2FA). Activate Google two-step authentication to protect against the possibility of your password being stolen.
Security solutions and features offered by Bybit TR include the following:
Passkeys: Use your passkeys to protect your account and approve withdrawals.
Secure transaction approval: Allows you to select a primary phone number for verification purposes, primarily for withdrawals.
Fund password: Creates a layer of extra security verification for withdrawals and other similar scenarios.
Anti-phishing code: By focusing on preventing common attacks, it ensures that a code appears in all emails from Bybit TR.
Bybit TR, the local platform of the global Bybit exchange (founded in 2018), complies with Turkish crypto regulations. In Türkiye, Bybit TR has been registered as an active (temporary) exchange on the SPK list since 2024. Bybit TR supports trading in over 100 crypto pairs. Deposits and withdrawals in TRY are available. Please note that transaction times and fees may vary, and crypto investments carry risks.
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Disclaimer: The above content is strictly for informational purposes only. Content published by Bybit TR shall not, under any circumstances, be construed as financial advice, nor is Bybit TR advocating users to invest in any form of crypto assets. Information about any product or service published on Bybit TR’s website or application shall not be considered as redirection to purchase such product or service. Users intending to use the mentioned products or services are advised to seek professional guidance before making any investment and to carefully assess potential risks in deciding whether to use such products or services. Content prepared by Bybit TR for the purpose of providing news or informational updates about crypto asset service providers established abroad shall not be construed as redirection to these platforms, nor as marketing of their products or services. This content may be translated into other languages. In any case of translation inaccuracy, the English version will prevail.