Bybit is updating how it serves users in Brazil to align with new local regulatory requirements. Under this framework, eligible Brazilian residents and companies will be migrated to a new Bybit entity based in Brazil.

To support this transition, certain users may be required to update or provide additional identity or business information.

Brazilian nationals who reside outside Brazil will not be included in this migration, provided they submit valid proof of address outside Brazil.

Key dates

From Aug 1, 2026
Some Brazilian business users (KYB) may be required to supplement their existing Business Verification information in line with enhanced requirements.
Requests and specific instructions will be communicated directly in‑app and by email.

From Aug 4, 2026
Some Brazilian individual users (KYC) may be required to complete or update their identity verification details.
Requests and specific instructions will be communicated directly in‑app and by email.

Until Aug 21, 2026 (KYC) / Aug 21, 2026 (KYB)
Users who receive a request to update identity or business information should complete the required steps within the deadline stated in the notification, and no later than Aug 21, 2026, unless otherwise specified.

Product access and account status
Following the above deadlines, product access will be adjusted based on whether users have completed any requested checks.

Compliant users (who have completed any required updates):

• Continue to have access to products and services permitted under local Brazilian regulations.
• Access to products that are not permitted locally will be restricted.
• Under the local Brazilian entity, fiat services will support BRL only; other fiat currencies will no longer be supported.

Non‑compliant users (who have not completed required updates where requested):

• Accounts will be placed under restriction.
• Opening or adding new positions and accessing Bybit products and services will not be allowed, except for Convert (subject to limitations) and crypto withdrawals.

Enforcement and migration
Sep 21, 2026: Enforcement Actions
Any open positions will be force-liquidated at prevailing market prices.

Any unsupported fiat balances will be automatically converted to USDT. For balances equivalent to less than 0.01 USDT, the entire remaining balance will be charged as a termination fee and reduced to zero.

Any non-compliant coupons or bonuses will be forfeited.

Sep 24, 2026: Entity Migration
- Eligible users who have completed KYC and accepted the applicable Terms and Conditions will be migrated to Bybit’s local Brazilian entity.
- After the migration, your Main Account will become your Standard Account under the local entity.
- Affected users will receive individual notifications with details of how these changes apply to their accounts. Please refer to the emails sent to you for detailed information on the changes to your account and any actions required.

Oct 20, 2026: Fiat Account Migration
- To access fiat ramp services, including BRL deposits and withdrawals, you will need to complete liveness verification and the payment account opening process.

Oct 29, 2026: BRL Service Eligibility and Account Opening Deadline
From Oct 29, 2026, BRL fiat services will only be available to eligible Brazilian registered users who have successfully completed the required Brazilian identity verification and account-opening process.

For all other Bybit users:
- BRL fiat services will no longer be available.
- Any remaining BRL balance will be automatically converted to USDT, regardless of whether the user is Brazilian or non-Brazilian.
- If the remaining balance is equivalent to less than 0.01 USDT, the full amount will be charged as a termination fee and reduced to zero.
After this date, only eligible Brazilian users with a successfully opened Brazilian account will be able to hold BRL balances and use BRL fiat services.

If you have any questions or concerns, please contact our Customer Support team via this form.

Thank you for your continued support.