Bybit Restricted Counterparty List: Understanding the Restrictions Crypto moves across borders in seconds, but not every platform on the other side of a transfer is allowed. Bybit publishes a
Crypto moves across borders in seconds, but not every platform on the other side of a transfer is allowed. Bybit publishes a named list of entities its users must not deal with. This guide explains what the Bybit restricted counterparty list is, who appears on it, what the rules ask of users and how to check a name.
Key Takeaways
Bybit exchange does not offer services to, or help with transactions involving, entities that are designated, sanctioned or otherwise prohibited under applicable laws.
Dealing with a restricted party, directly or indirectly, breaks Bybit's terms and can lead to a suspended account, blocked funds or liquidated positions.
A user who realises they have transacted with such an entity must inform Bybit immediately.
A counterparty is simply the other side of a transaction. The list names the crypto entities, organisations and platforms that Bybit treats as off limits. In plain words, if an entity is prohibited under applicable laws and regulations, Bybit will not serve it or help move money for it.
Bybit says this includes entities found on lists like these:
List
Maintained by
Specially Designated Nationals and Blocked Persons list
U.S. Treasury Department
Consolidated Financial Sanctions List
European Union
UK Sanctions List
United Kingdom
Sanctions lists
UN Security Council
Any equivalent list
A competent authority in any jurisdiction
The wording is "includes, but is not limited to," so these lists are examples, not the full boundary.
The policy rests on Section 23 of the Bybit Platform Terms and Conditions and Section 28 of the BVAPO Platform Terms & Conditions, as applicable. Bybit also states that it actively screens transactions and user activity against these lists on an ongoing basis. So the check is not a one-time step at sign-up.
Bybit Restricted Counterparties list has a verified type of entities, or groups, including:
Type
Examples from the table
Exchanges and trading platforms
Garantex Europe OU, HTX / Huobi Global S.A., EXMO Ltd, Bitzlato, Grinex, Wallex
Payment and wallet services
Payeer, QvaPay, XVIP Wallet
Guarantee marketplaces
Huione Guarantee, Xinbi Guarantee, Tudou Guarantee, HaiHua Guarantee
Mixers and privacy tools
Bitcoin Fog, ChipMixer, Blender.io, Sinbad, Samourai Wallet
Darknet markets
Abacus Market, Hydra Market, Kraken Darknet Market
Banks and state bodies
Bank Markazi (Central Bank of Iran), Cheil Credit Bank, Korea Kwangson Banking Corp (KKBC), Reconnaissance General Bureau (RGB)
Organisations
Hamas, ISIL Khorasan
The page does not give a reason for each name. It gives one general test: the entity has been designated, sanctioned or otherwise identified as prohibited under applicable laws and regulations. That is why the table mixes very different names, from exchanges and mixers to banks and armed groups.
What these restricted entities share is a legal prohibition somewhere, not a single type of business. A reader should not assume a specific reason for any one entry. The original sanctions list is the place to check that.
The terms ask three things of users:
No dealings.Users must not transact with, send funds to or from, or otherwise engage with a restricted party.
Indirect links count. The rule covers both direct and indirect activity, so a transfer routed through another service can still be a problem.
Report quickly.A user who becomes aware of such a transaction must inform Bybit immediately.
Using Bybit's services for any of this counts as a violation of the terms.
What if User Found Faulty or Still intersecting With This Plattform: Bybit Actions
When a connection to a prohibited entity is identified, Bybit reserves the right to take appropriate action under this restriction or under the law of the relevant jurisdiction.
Possible action
What it means
Suspension or termination
The account can be suspended or closed
Blocking
Any transaction or funds involved can be blocked
Regulatory reports
Relevant reports can be filed
Liquidation
Open positions can be liquidated
Bybit also reserves the right to cooperate with regulators and law enforcement authorities.
A simple routine works well:
Open the list only through Bybit's official website.
Use the browser's find tool (Ctrl+F or Cmd+F) and search for the platform or wallet name.
Check both columns, because a service may appear under its operating name or website.
Try spelling variants and legal names, such as Garantex Europe OU and Garantex.
Remember that the table is not the whole boundary. For unfamiliar services, the sanctions lists named above are worth checking too.
Re-check from time to time, since lists like this can be updated.
All details come from Bybit's officialRestricted Counterparty List page.
The list works as a clear map of names Bybit will not touch, and the terms behind it are direct. Dealing with a restricted party, even indirectly, can cost a user their account, their funds or their open positions. Checking a counterparty before sending funds takes a minute, and it is far cheaper than fixing the problem afterwards.
Disclaimer: This article is for informational and educational purposes only and is not legal, compliance or financial advice. The list and the terms behind it may change, so readers should always check Bybit's official page for the current version. Anyone unsure about a specific transaction should seek qualified legal advice.
