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

Complete these steps to deposit easily on Bybit, fast and easy. Don't worry, it's beginner-friendly.

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Looking for a guide on how to deposit funds on Bybit? We hear you! Here’s a detailed operation process so that you can easily make a deposit by transferring cryptocurrency from your external wallet, or purchasing fiat currency to deposit to your Bybit account.

Funding Your Bybit Account: Depositing Crypto on Bybit

Before you can fund your Bybit account, you first need to 

. If you don’t already have one, please click on our 

. After you’ve done that, we can explore the different ways you can fund your Bybit account.

If you already have funds in an external crypto wallet or on another exchange, you can choose to deposit crypto into your Bybit account through a blockchain transaction. However, you should be aware of the following:

: Once you’re logged into your Bybit account, hover your cursor over the 

tab on the top right corner of the Bybit home page. Then, click on 

: Choose the coin that you would like to deposit. 

: Select the chain type for the coin you would like to deposit. You can also choose where you would like your funds to be transferred — your Spot Account, Derivatives account or Funding Account — by indicating this in the 

field. The deposit will be credited to your Funding Account by default.

: Once you’ve confirmed the details, you can proceed to scan the QR code or copy the deposit address and use it as the destination address.

: Once you’re logged into your Bybit account on the Bybit App, tap on 

located on the bottom right corner of the screen) and select 

: Select the coin that you would like to deposit.

: Select the chain type for the coin that you would like to deposit. The deposit will be credited to your Funding Account by default.

: Once you’ve confirmed the details, scan the QR code or copy the deposit address and use it as the destination address.

Funding Your Bybit Account: Buying Crypto on Bybit 

Don’t have any funds in your external crypto wallet? Fret not, because you can easily 

Buying Crypto with Credit/Debit Card Payment

: After you’ve logged into your Bybit account, hover your cursor over the 

tab on the top left corner of the Bybit home page and click on 

and input your credit/debit card information. 

: After you’ve added your credit/debit card, select the fiat currency that you would like to pay with. Then, select the coin that you would like to receive.

: Input the amount that you would like to purchase and select the credit/debit card you’ve added. Then, click on 

: You’ll be asked to verify your purchase. If the details are correct, you may proceed to click on 

: The card payment will be processed and you may be prompted to key in a one-time password or confirm the transaction from your bank app.

: Once the transaction is completed, you can click on 

: Click on the drop-down menu and select any of the available third-party service providers. 

: After you’ve chosen your third-party service provider, input the amount that you would like to purchase and select the coin you would like to receive. Then, click on 

. Select the coin that you would like to receive.

: Choose your payment channel and verify your purchase. If the details are correct, you may proceed to click on 

: You will be redirected to the third-party website to continue the purchase process. 

: Select your preferred fiat currency by clicking on the drop-down menu, and input the amount that you would like to deposit. You may then choose your preferred 

: After the transaction has been processed, you can view your fiat currency under 

tab. You can then proceed to purchase crypto with these funds.

page, you can enter your preferred criteria for 

based on your transaction needs, to filter advertisers.

: Choose the advertiser you want and click on 

: A window will pop up and you may enter the amount of fiat you’re willing to pay or the quantity of coins you would like to receive. Then, click on 

How to Make a Deposit in Bybit (A Complete Guide)

Grab Up to 5,000 USDT in Rewards

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