Fiat Channel in Tenge (KZT) for Users of Bybit Kazakhstan and Bank CenterCredit

1. What is a fiat channel and why is it needed?

The fiat channel is an integration between the cryptocurrency exchange Bybit Kazakhstan (Bybit KZ) and the bank Bank CenterCredit (BCC), which allows users to:

This makes deposits and withdrawals faster, more convenient, and compliant with the laws of the Republic of Kazakhstan.

The fiat channel is only available to users who have completed verification with both Bybit Kazakhstan and BCC.

Only users who are registered and have completed full verification (KYC) with both Bybit KZ and Bank CenterCredit.

3. What if I don’t have a crypto wallet yet?

[Register on Bybit Kazakhstan]<https://www.bybit.kz/en-KAZ/register>

5. How can I withdraw tenge from my wallet?

6. Why can’t I see my wallet in the BCC app?

Once these steps are completed, the wallet should appear automatically in the app.

7. How can I increase my top-up limit beyond 450,000 KZT per month?

Once both sides approve, your limit will be increased in accordance with Kazakhstan's regulations.

8. How can I top up my crypto wallet via BCC?

⚠️ Top-ups are only available in KZT. Funds will be credited to your fiat wallet on Bybit Kazakhstan.

9. Why is withdrawal from my fiat wallet unavailable?

Withdrawals are only available if you’ve made a top-up via BCC within the last 3 months.

11. What if my limit increase request is denied?

If everything is in order, resubmit the request or contact BCC support.

12. How long does the bank take to review the request?

Usually within 24 hours after submitting all required documents.

13. Why do I need to confirm my source of funds?

According to Law No. 191-IV of the Republic of Kazakhstan dated 28.08.2009, the maximum top-up limit without supporting documents is 450,000 KZT/month.

To exceed this, documentation confirming the source of funds is required.

Beginner

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FAQ – Bybit Kazakhstan & Bank CenterCredit Fiat Channel Guide

Bybit Kazakhstan, a leading cryptocurrency exchange in Kazakhstan, offers various trading opportunities for its clients. However, according to AFSA regulations, there are specific deposit limits in place. This article outlines these limits and how they can be increased.

Current Limits for Bybit Kazakhstan Clients

To increase your trading limits, you can obtain "Qualified Retail Client" status. This requires passing a test to confirm your knowledge and experience in high-risk investments.

2. In the "Account" section, select "KYC Verification"

3. Click "Take the Test" under the "Qualified Investor Assessment" column

- 5 questions on your experience and awareness

- 5 questions assessing knowledge of high-risk digital assets

 If you do not pass the test on the first attempt, it is recommended to further study cryptocurrency investment risks. The test can be retaken at any time.

Benefits of Qualified Retail Client Status

✔ Participation in Exclusive Trading Events

Bybit Kazakhstan prioritizes the security of client funds and adherence to local regulations. We use advanced encryption technologies and multi-factor authentication to safeguard your assets.

Can I trade on Bybit Kazakhstan without verification?

➡ No, all clients must complete the KYC verification process to trade.

How long is the Qualified Retail Client status valid?

➡ It is valid indefinitely but may be reviewed if regulations change.

➡ Withdrawal limits depend on your account status and verification level.

Increasing your limits on Bybit Kazakhstan unlocks new trading and investment opportunities in cryptocurrencies. Take the qualification test today and expand your trading potential!

Note: This article is for informational purposes only and does not constitute financial advice. Please consult professional financial advisors before making investment decisions.

📌 Register on Bybit Kazakhstan today and start your journey toward becoming a qualified trader!

Intermediate

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Limits on Bybit Kazakhstan: How to Increase Your Trading Opportunities?

The entire process of cryptocurrency operations ultimately involves individuals and legal entities who acquire cryptocurrency for fiat money. For a long time, such exchanges remained in the shadows, which created risks for all participants: cryptocurrency sellers, buyers, and crypto exchanges in Kazakhstan through which exchanges are carried out.

The issue of regulating cryptocurrency exchanges has long been relevant, as it concerns not only protecting the legal interests of the parties but also the opportunity to contribute to the state budget through such transactions. Moreover, the launch of licensed crypto exchanges in Kazakhstan marks the next stage in the development of financial technologies and related services. While some countries completely ban the circulation of cryptocurrency, Kazakhstan strives for legal regulation of this sector, relying on the legislation of the Astana International Financial Centre (AIFC) for trading on Bybit Kazakhstan.

Kazakhstan is one of the first jurisdictions in the world to implement a legal framework for regulating cryptocurrencies.

In this article, we aim to answer the most important questions our clients may have.

How are cryptocurrencies regulated in Kazakhstan, and what is their legal status?

In Kazakhstan, cryptocurrencies are regulated by the Law of the Republic of Kazakhstan “On Digital Assets in the Republic of Kazakhstan” and AIFC legislation for trading on Bybit Kazakhstan.

The main provisions of this law include granting digital assets legal status, defining the concept, and classifying them.

According to Articles 115 and 116 of the Civil Code of the Republic of Kazakhstan, digital assets are recognized as a type of civil rights: property benefits and rights, along with money, things, and trademarks — in other words, as property.

The Law of the Republic of Kazakhstan “On Digital Assets” prohibits the issuance and circulation of unsecured digital assets. However, this restriction is bypassed within the AIFC for trading on Bybit Kazakhstan, which allows market participants to trade cryptocurrency. According to Article 11 of the law, the requirements for digital asset exchanges and their licensing procedures are determined by AIFC regulations for trading on Bybit.

Regulation of crypto exchanges in Kazakhstan under AIFC for trading on Bybit Kazakhstan

To operate a digital asset exchange, a legal entity must obtain a “DATF” license from the AIFC’s financial regulator (AFSA) and comply with the AIFC Rules on Digital Asset Activities.

In the AIFC rules, the term "crypto exchange" is defined as a “Digital Asset Trading Facility.” According to the AIFC glossary, a “Digital Asset Trading Facility” is a mechanism operated regularly, bringing multiple parties together to conclude agreements on:

- (a) buying, selling, or exchanging digital assets for fiat currency; and/or

- (b) exchanging one digital asset for another on the platform, according to its internal rules.

Licensed Crypto Exchanges under AIFC for trading on Bybit Kazakhstan

You can view the list of licensed crypto exchanges under AIFC for trading on Bybit Kazakhstan on their website.

Currently, over 20 companies are listed in the AIFC’s public register as “Operating a Digital Asset Trading Facility” (DATF).

For example, Bybit Kazakhstan (Bybit Limited) is authorized by the AIFC regulator, AFSA, to perform regulated activities such as managing a Digital Asset Trading Facility, providing custodial services, acting as a principal and agent in investment activities, and managing digital asset investments. This is in accordance with License Number AFSA-A-LA-2024-0027. You can verify the license status on the AFSA website (www.afsa.kz) or the AIFC public register.

Is cryptocurrency a legal means of payment in Kazakhstan?

According to the Law “On Digital Assets,” digital assets are not legal tender in Kazakhstan, and the issuance and circulation of unsecured digital assets are prohibited within the country—except within the special economic zone of AIFC for trading on Bybit Kazakhstan.

Bybit Kazakhstan makes every effort to ensure the accuracy and relevance of the information provided on our website or in any documents. However, this information does not constitute legal or tax advice and should not be regarded as such. Clients are responsible for verifying the accuracy and relevance of any data.

Each client must independently review applicable laws and consult qualified legal or tax professionals for guidance tailored to their specific situation. Bybit Kazakhstan is not liable for any errors, omissions, or consequences arising from the use of this information.

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Crypto Regulation in Kazakhstаn

Bybit Kazakhstan (bybit.kz) provides a simple and secure way for residents of Kazakhstan to buy Bitcoin. 

Bybit Kazakhstan (bybit.kz) provides a simple and secure way for residents of Kazakhstan to buy Bitcoin. Follow this step-by-step guide to get started:

By following these steps, you can successfully fund your account on Bybit Kazakhstan and start trading. Always double-check wallet addresses and network details before sending funds.

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How to Buy Bitcoin (BTC) on Bybit Kazakhstan?

Bybit Learn

Bybit Guide

Learn how to download Bybit App easily without hassle. A step-by-step guide is provided.

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Need to know how to download the Bybit App on iOS and Android devices? We’ve got you covered. Follow our quick and simple steps to install the Bybit App from the Google Play Store, Apple App Store or via APK download. Keep reading for the efficient setup and initial configuration to jump-start your cryptocurrency trading.

Downloading the Bybit App for Android Devices

Android users will be pleased to know that if you’re having trouble accessing the Bybit App via the normal app downloading method it’s easily accessible through the Google Play Store or via an alternative method (APK files). 

Search for the Bybit App in the Google Play Store

To embark on your Bybit journey, start by opening the Google Play Store on your Android device. Simply follow the steps below to complete the process:

Downloading the APK File From Bybit Official 

For those who can’t access the Google Play Store, there’s still a way to get the Bybit App on your Android device. You can download the Bybit APK file from a reliable source. Remember, you’ll need to enable the 

 option in your device settings to install the app from outside the Google Play Store.

Installing the Bybit App on Android Devices

Once you’ve downloaded the Bybit APK file, you can initiate the installation process, which will allow you to download the Bybit App as follows:

After successful installation, the Bybit App will be ready for you to use. 

Downloading the Bybit App for iOS Devices

You can find the Bybit App in the Apple App Store — or if you’re keen on trying out new features before the new version of the Bybit App is officially released, you can join the Bybit Beta Program through TestFlight.

Searching for the Bybit App in the App Store

To locate the Bybit App on your iOS device, follow the steps below:

: Please ensure that you’re signed in with your Apple ID to access and download apps from the App Store.

Whether you’re a seasoned trader or a newbie in the cryptocurrency world, the Bybit App offers a user-friendly experience, starting from account registration, interface navigation and customization of language and currency preferences — all at your fingertips.

You can sign up using your email address or phone number. Remember, each email address or phone number can only be associated with one Bybit account. However, if you’re an existing Bybit user, simply log in with your registered email address or phone number.

Here’s a simplified method to get started with Bybit:

 and register with your email address or phone number.

 on your Bybit account to unlock fiat deposits, increase withdrawal limits and participate in Bybit's highly anticipated events, such as Launchpad and/or Bybit Earn products. This verification process typically takes a few minutes to complete, which includes verifying your basic account information, providing ID documentation and uploading a selfie.

Completing Identity Verification entitles you to all of Bybit’s products and services. In the case of lost credentials, an identity-verified account provides a simpler process to help you recover your account.

If you already hold crypto in another wallet, you can 

 it into your Bybit Account. Please refer to 

 for more information on how to deposit into your Bybit account. 

If you don’t have any crypto in another wallet, please refer to Step 4 (below) for how to 

 that you should never share your Bybit account passwords, private keys or 2FA codes with anyone. Bybit will never ask you to disclose any sensitive information.

 is a service that allows users to buy cryptocurrency using fiat currency. Bybit supports 

, each of which in turn supports different fiat currencies.

One-Click Buy allows users to buy and sell coins through any of our supported payment methods — 

You may also buy crypto on our P2P portal. This allows you to buy crypto directly from other crypto enthusiasts. Visit 

 to learn more about how to buy crypto on P2P.

You may deposit fiat currency into your Bybit account using different methods, such as bank transfer or Volet.com (formerly Advcash), depending upon the respective currency. Once deposited, your fiat will be deposited into your funding account, and you can use your fiat balance to buy crypto directly.

Step 5: Explore Bybit Beginner-Recommended Products

Once you’ve deposited crypto into your Bybit account, you can explore the various trading products Bybit offers. Here are some beginner-recommended products:

In our Spot market, you can trade hundreds of cryptocurrencies. Crypto Spot trading is a transaction between buyers and sellers to trade one cryptocurrency for another at the current market price. 

If you’re not ready to trade yet, but still want to grow your crypto holdings, you can look at our Earn products.

Alternatively, if you want to obtain newly listed tokens, you can dip your toes into Bybit Launchpad, a token launch platform for innovative blockchain projects. Bybit Launchpad gives users access to pre-listing rounds and allows them to earn new tokens directly on Bybit. 

Now that you’re all set up, it’s time to dive into the exciting features that the Bybit App has to offer. From Spot and Derivatives trading to a full-fledged NFT Marketplace, Bybit brings a world of possibilities to your fingertips — and with the added assurance of Bybit’s advanced security measures, you can trade with confidence, knowing your funds are well-protected.

Whether you’re aiming to maximize profits with the Bybit Wealth Management program or looking to engage with the decentralized ecosystem through Bybit Web3, the Bybit App has everything to cater to your trading needs. Let’s take a closer look at these features.

Customizing Language Preferences and Regional Currency Display

In order to personalize your trading experience, Bybit allows you to adjust your language preferences and select a regional currency of your choice. Simply navigate to the settings within the app to customize these options.

Utilizing Trading Strategies and Copy Trading

To maximize your trading potential, Bybit provides access to sophisticated trading strategies crafted by experienced Bybit traders, including Bybit Margin Trading. Whether you’re a seasoned trader or just starting out, these strategies can be a valuable resource to guide your trading decisions and help you experience unparalleled trading opportunities.

But that’s not all. With Bybit’s Copy Trading platform, you can mirror the trades of master traders. This not only saves you the effort of conducting market analysis, but also allows you to learn effective strategies from experienced traders.

Couple this with the option of using automated bots to increase revenue and reduce losses, and you have a powerful tool kit to enhance your trading efficiency on the Bybit App.

In the volatile world of cryptocurrency, managing risk is crucial in order to protect your capital and ensure stable returns. Bybit provides various tools and strategies to aid in risk management, from setting goals and defining risk appetite to diversifying portfolios and more, all aimed at enhancing portfolio stability.

Additionally, Bybit advises users to enhance their account security to minimize the risk of hacking. Having an identity-verified account also facilitates easier account recovery in case of lost credentials. With these measures, Bybit ensures that you can trade with peace of mind, knowing your assets are well-protected.

In the ever-evolving world of cryptocurrency, staying updated is key to success. Bybit updates its latest products, trading pairs and other important information through a dedicated announcements feature. Be it special events like the 

 or educational opportunities such as the 

, everything is communicated via Bybit announcements.

Moreover, the platform informs users of market updates, including trading closures and delivery schedules. Exclusive promotions for specific regions are also announced to Bybit users. In short, Bybit ensures you’re always in the know, so you can make the most of your trading experience.

From downloading the Bybit App and getting started to exploring its key features and enhancing your trading experience, we’ve covered a lot of ground in this comprehensive guide. Whether you’re trading on an Android or iOS device, Bybit offers a seamless, user-friendly platform packed with advanced features and tools to cater to your trading needs. 

As you begin your Bybit journey, remember that the key to successful trading lies in constant learning, effective risk management and staying up-to-date with the latest developments. Get started today and explore the exciting cryptocurrency trading world with Bybit!

Easy Guide: How to Download the Bybit App on iOS and Android Devices

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards