In this guide, we will show you exactly which countries are restricted and banned from using BitMEX.
BitMEX is one of the oldest crypto derivatives exchanges in the world. They took over the market by storm with their industry-leading leverage trading platform in 2017. However, some countries and areas are not supported on the platform. Some restricted regions include Cuba, Iran, Russia, Ukraine, and more.
Read on to learn more about BitMEX’s restrictions, limitations, and supported countries.
BitMEX Restricted Countries
Below, you will find a list of BitMEX-restricted countries as of 2024, according to the official BitMEX statement.
- Sanctioned Jurisdictions
- Cuba
- Iran
- Syria
- North Korea
- Crimea and Sevastopol
- Donetsk People’s Republic
- Luhansk People’s Republic of Ukraine
- Kherson Oblast
- Zaporizhzhia Oblast
- Russia
- Seychelles
- Bermuda
- Japan
- Hong Kong SAR
- Canada
- Myanmar
BitMEX Supported Countries
BitMEX is available in over 100 countries from all around the world. What we love about BitMEX is its official list of supported countries. Generally, BitMEX supports all countries except for the ones listed in the previous section and sanctioned countries.
Check out the full list of BitMEXs supported countries here.
Is BitMEX Regulated & Licensed?
While BitMEX is a popular crypto exchange for leverage trading, it is not fully regulated and licensed. Currently, BitMEX is located in Seychelles.
BitMEX has obtained the following registration:
- BitMEX is registered as a Virtual Currenies and Digital Wallet Services Provider in Italy.
Does BitMEX require KYC verification?
Yes, BitMEX requires KYC verification. Without verifying your identity, you can not use BitMEX at all.
In order to verify your identity on BitMEX, you must submit the following details:
- ID, Passport or Drivers License
- Proof of address (Bank statement or Utility Bill)
- Facial Recognition (Selfie)
After you have successfully completed the BitMEX KYC verification process, you will have full access to the crypto exchange.
Is BitMEX available in the United States?
No, BitMEX is not available in the United States. If you are a US citizen, you can use some top alternatives such as Kraken and Coinbase which are regulated and licensed in the United States.
Is BitMEX available in Canada?
No, BitMEX is not available in the United States. If you are a US citizen, you can use some top alternatives, such as VirgoCX and Coinbase, which are regulated and licensed in Canada.
Is BitMEX available in the United Kingdom?
Yes, BitMEX is available in the United Kingdom. However, UK citizens are restricted from trading BitMEX derivatives due to local UK laws, meaning they can not trade crypto futures with leverage.
If you are from the UK and are seeking a reliable crypto futures exchange with leverage, we recommend you look into Bitget or BingX.
Can I Use BitMEX with a VPN?
Yes, BitMEX can be used with a VPN. However, you can only use a VPN if you are a citizen of a BitMEX-supported country. If you are a citizen in one of BitMEX’s restricted jurisdictions, you can not use the exchange, even with a VPN.
Users from restricted countries can not verify their identity on BitMEX and, therefore, cannot use any of its services.
