Guide to KYC on Bybit with a Grenada Passport in 2025

The landscape of global cryptocurrency access has evolved dramatically over the past few years, creating both challenges and opportunities for investors worldwide. If you hold a Grenadian passport—whether by birth or through Grenada's Citizenship by Investment (CBI) Program—understanding how your nationality affects your access to major cryptocurrency exchanges like Bybit could be a game-changer for your digital asset strategy.

Cryptocurrency adoption continues to accelerate globally, and exchanges have tightened Know Your Customer (KYC) protocols to comply with international anti-money laundering standards. Meanwhile, Grenada has positioned itself as an increasingly crypto-aware jurisdiction, with developing regulatory frameworks and a reputation as a tax-friendly nation.

This creates a unique dynamic for Grenadian passport holders looking to participate in the crypto markets through platforms like Bybit. But what exactly does this mean for you in practical terms?

In this comprehensive guide, I'll walk you through everything you need to know about completing Bybit's KYC verification with a Grenada passport in 2025. We'll explore whether Bybit permits Grenadian users, the specific steps and documentation required, any special procedures or restrictions, and the broader implications of Grenada's crypto regulations and CBI program.

Let's dive into what makes Grenada a potentially attractive jurisdiction for crypto enthusiasts and how you can maximize these benefits when using Bybit.

Bybit's Access and KYC Policy for Grenadian Citizens

Current Availability Status on Bybit

I've got good news if you're a Grenadian passport holder. As of early 2025, Bybit does not list Grenada among its excluded or restricted jurisdictions. This means that, unlike users from countries such as the United States, United Kingdom, Canada, or nations under international sanctions, Grenadian citizens are permitted to register and trade on Bybit.

Bybit's official policy clearly enumerates several countries where service is unavailable (including the US, UK, Iran, North Korea, and others), and Grenada is notably absent from that exclusion list. This reflects Bybit's risk assessment of Grenada as an acceptable jurisdiction – Grenada is not subject to international sanctions and is not on the FATF list of countries with strategic AML deficiencies, so its nationals are generally seen as low-risk from a compliance standpoint.

However, access comes with important compliance requirements. Since May 8, 2023, Bybit has made identity verification (KYC) mandatory for all users across all products and services. In other words, even though Grenadian users are welcomed on the platform, you must complete at least Level-1 KYC to actively trade, deposit, or use most features.

Users who don't complete KYC can only withdraw funds (with low limits) and cannot initiate new trades. This change aligns with industry-wide trends toward stricter KYC enforcement and ensures Bybit meets global regulatory standards.

For Grenadian traders, this means that obtaining a verified account is a necessary first step before fully leveraging Bybit's capabilities.

Nationality vs. Residency Considerations

A critical aspect of Bybit's policy is how the platform distinguishes between your nationality and your residency during the KYC process. Under Bybit's KYC framework, account restrictions are determined primarily by the user's citizenship (nationality), not merely their physical location.

This has important implications for Grenadian passport holders:

• Passport as Key Identity: Your Grenadian passport will be the primary document establishing your identity and nationality for Bybit's verification. A Grenadian passport is recognized as valid proof of identity for KYC purposes, and Grenada's status as a compliant, low-risk jurisdiction means it raises no red flags by itself. In practice, Bybit's system will verify your nationality during onboarding and will flag you only if you are from a restricted country. With a Grenada passport, you won't trigger any automatic nationality-based restrictions.
• Residence Still Matters: While nationality is the main factor for access, Bybit also collects your country of residence separately (you'll be prompted to select your current residential country during verification). This is for tax and compliance reasons. Importantly, if a Grenadian citizen is living in a restricted country, they could still be barred from using Bybit.

For example, if you're a dual citizen of Grenada and the U.S. (or simply a Grenadian residing in the U.S.), Bybit's terms would prohibit service because U.S. residency is disallowed regardless of your second citizenship. The same would apply if a Grenadian passport holder resides in France, Canada, or other banned locations – Bybit expects users to comply with the laws of their residence.

This dual verification approach prevents individuals from circumventing jurisdiction-based restrictions solely by obtaining a second passport. In short, your residency can override your nationality in cases where the place you live is on Bybit's exclusion list.

• VPNs and Misrepresentation: Bybit's user agreement requires truthful reporting of your residence. If you attempt to hide your true residence (e.g., using a VPN or claiming an address in Grenada while actually living in a banned country), you risk account termination if discovered. Bybit reserves the right to shut down accounts that misrepresent location information.

Therefore, Grenadian citizens should ensure they only use Bybit from jurisdictions where it's permitted. A Grenada passport obtained via the CBI program does not entitle you to violate another country's laws or Bybit's terms of service.

In summary, Grenadian nationality is an asset on Bybit – it grants you the ability to pass the citizenship check since Grenada is not restricted. Just be mindful that you must also adhere to the platform's rules regarding your actual country of residence.

For most Grenadian passport holders (who reside either in Grenada or in other non-banned countries), this poses no issue and you can proceed with KYC normally.

Bybit's KYC Verification Tiers and Requirements

Grenadian users are subject to the same tiered KYC verification process as all other Bybit customers. Bybit has a three-level KYC system for individual accounts, and completing the appropriate level is necessary to unlock full functionality and higher withdrawal limits.

Let's explore each level in detail:

Standard KYC (Level 1 – Basic Verification)

This is the initial verification every user must complete. It requires:

• Submitting a proof of identity (POI) document
• Passing an identity assessment (typically a selfie or live facial recognition check to match your ID)

For Grenadian citizens, the most straightforward POI is your Grenadian passport. You'll upload a clear, scanned copy (or photo) of the passport's photo page. Bybit also accepts other government-issued IDs (such as a national ID card or driver's license, if available), but a passport is generally recommended for international users as it's universally accepted.

Along with the document, Bybit's system will prompt you to perform a facial recognition scan using your webcam or phone camera to ensure the person creating the account matches the ID provided. You'll also input basic personal information (full name, date of birth, etc. as shown on your passport).

This Standard KYC process is largely automated and typically completes within minutes up to an hour in normal circumstances. Once approved at Level 1, your account is "verified" and you can deposit, trade, and withdraw with certain limits.

Advanced KYC (Level 2 – Address Verification)

This second tier becomes relevant if you want to increase your withdrawal limits or access certain additional features (like fiat on-ramps or higher-tier trading functions).

Advanced KYC for individuals mainly requires submitting a Proof of Address (POA) document. Bybit will ask for a recent document (usually dated within the last 3 months) that shows your name and your residential address.

Acceptable documents include utility bills, bank or credit card statements, rental agreements, or government-issued letters. For Grenadians, this could be a bill from any local Grenadian utility company or bank; if you reside abroad, a document from your current residence country is used – it does not have to be a Grenadian address.

The purpose is to tie your identity to a real address for due diligence. You'll upload a photo or PDF of the document through Bybit's verification portal. Confirmation of residency details is part of this step, so ensure the address on your document matches what you entered as your residence in your profile.

Once submitted, Advanced verification might take a bit longer for approval (often still under 24 hours). Completing Advanced KYC raises your withdrawal limits substantially (from the basic limit of 100k USDT/month at Level 1 to around 1M USDT/day or more, depending on your account status) and grants access to features like fiat currency conversions or Bybit Earn products that are restricted to fully verified users.

Pro KYC (Level 3 – Enhanced Due Diligence)

This is the highest level and is generally only required for high-volume traders or in special cases where Bybit flags an account for risk. Pro KYC involves enhanced due diligence (EDD) measures.

If you're a Grenadian user trading very large amounts or your account triggers certain risk thresholds, Bybit may invite you to complete Pro verification. EDD can include providing additional documents and information such as:

• A detailed source of funds or source of wealth declaration
• Professional or financial references
• Proof of employment or business ownership
• Potentially an interview or supplemental questionnaires

Essentially, Bybit might conduct a deeper background check to ensure compliance with international AML norms. For most everyday users, this level won't be necessary – it's aimed at those handling millions in transactions or any accounts that draw compliance scrutiny.

If you are asked to complete Pro KYC, it's a normal part of Bybit's risk management and not specific to nationality. As long as your funds are legitimate and you can document their origin, this step is manageable.

Once cleared, Pro-level accounts enjoy the highest withdrawal limits (several million USDT per day) and face fewer frictions in large transfers.

Special Considerations for Grenadian Passport Holders

Are there any special KYC hurdles for Grenadian passport holders? Generally, no – Grenadian documents are fully accepted by Bybit, and there are no extra requirements imposed solely due to Grenada citizenship.

Bybit's help center notes that certain regions may have "special verification requirements" in some cases, but Grenada is not known to be one of them. Those special cases typically refer to countries with particular regulatory quirks or higher risk profiles.

Grenada, on the contrary, is regarded as a standard, low-risk jurisdiction. It is a member of the Caribbean FATF and complies with international AML/CFT standards, and it isn't subject to any broad sanctions. This means a Grenadian passport is treated like any other acceptable ID.

There have been no reports as of 2025 of Bybit rejecting Grenadian passports or requiring extra vetting beyond the normal KYC process. In fact, other users from the Eastern Caribbean (e.g., Antigua & Barbuda or St. Kitts passport holders) similarly report smooth KYC experiences, which indicates Bybit's compliance department views these nationalities as routine.

Step-by-Step KYC Process for Grenadian Passport Holders

Now let's walk through the practical steps of completing Bybit's KYC with a Grenada passport:

1. Create your Bybit account (email signup or mobile app) and navigate to the Account & Security > Identity Verification section. Click "Verify Now" to begin the KYC process.
2. Select your country of residence from the drop-down. (For example, if you live in Grenada, select Grenada. If you live in another country, select that country. This should be where you genuinely reside.)
3. Select your nationality as Grenada (if not already auto-filled) and confirm the type of document you will provide for identity proof.
4. Upload your Grenadian Passport as the Proof of Identity. You'll need to take a clear photo or scan of the passport's photo page. Ensure all details (name, DOB, passport number, expiry, etc.) are legible. Bybit will also ask you to take a live selfie or perform a facial recognition scan via your device's camera to match your face with the ID. Follow the on-screen prompts to complete this biometric step.
5. Fill in personal details exactly as they appear on the passport. This typically includes full name, date of birth, nationality, and sometimes the ID number. Double-check for accuracy.
6. Submit the Standard KYC information and wait for the system to process. In many cases, verification is near-instant (within 15 minutes) if all is in order. You will see a "Verified (Level 1)" status in your account once approved.
7. (Optional but recommended) Proceed to Advanced KYC to increase your account limits. This involves uploading a Proof of Address document. On the verification page, choose to "Upgrade" or verify address, then upload your document (utility bill, bank statement, etc. showing your name and address).Common standards: it should be a recent document (dated within 3 months), show the same address you entered in step 2, and be in English (or an official language with possibly a translation if not in English).
8. Submit the document for review. Advanced verification might take a few hours up to 24-48 hours if manual review is needed. Bybit will email you upon approval, or you can check the status in the Identity Verification section.
9. If you plan to transact very large sums or if Bybit requests it, complete Pro KYC by providing any additional information required. Bybit will guide you through any extra steps (this is rare for most users).

By following these steps, an individual with a Grenada passport can successfully complete Bybit's KYC and enjoy full access to the exchange's features. There are no Grenada-specific pitfalls in this process – just make sure your documents are valid (e.g., passport not expired) and the information you provide is truthful.

Should any issues arise (for example, if verification takes longer than 48 hours), Bybit's customer support can be contacted to look into the case.

A Grenadian passport is perfectly sufficient for all KYC levels. Bybit's policy is nationality-agnostic at the document stage – any valid passport or ID from a non-sanctioned country will work.

There are no additional documents needed just because you're from Grenada. Once KYC is completed, your Grenada-issued credentials are treated equally on the platform.

Grenada's Cryptocurrency Regulatory Framework and Stance

Virtual Asset Business Act 2021 and Regulatory Oversight

Grenada has been developing its regulatory framework for digital assets in recent years. Historically, like many countries, Grenada had no specific laws governing cryptocurrencies; the Financial Intelligence Unit (FIU) simply issued warnings around 2018-2019 about the risks of crypto, and the Eastern Caribbean Central Bank (ECCB) even conducted a pilot of a digital East Caribbean Dollar (DCash) in which Grenada participated.

The turning point came with the introduction of the Virtual Asset Business Act, 2021, which established a comprehensive legal framework for virtual asset service providers (VASPs) in Grenada.

Under the Virtual Asset Business Act (VABA) of July 2021, any business involved in virtual asset activities "in or from within Grenada" must register and obtain a license from the Grenada Authority for the Regulation of Financial Institutions (GARFIN). GARFIN is the national regulator overseeing financial institutions, and this law empowered it to supervise crypto-related businesses.

The Act defines "virtual asset business" broadly – it covers cryptocurrency exchanges, providers facilitating conversion between crypto and fiat, transfer services, custodial wallet providers, and other services related to issuing or selling digital tokens.

In essence, if a company wants to operate a crypto exchange based in Grenada or offer crypto services to the public in Grenada, it must apply for a license from GARFIN and comply with Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) requirements. This includes customer due diligence, record-keeping, reporting of suspicious transactions, etc., similar to regulations seen in other jurisdictions.

Some key points about Grenada's crypto regulatory stance as of 2025:

• Compliance with International Standards: Grenada is a member of the Caribbean Financial Action Task Force (CFATF), and through this membership it implements FATF guidelines on virtual assets. The move to legislate VASPs in 2021 was largely driven by FATF's updated recommendations in 2019 for countries to regulate and supervise crypto exchanges.The law brings Grenada in line with global AML standards. In the 2022 mutual evaluation report by CFATF, Grenada was found compliant or largely compliant on 17 of 40 FATF Recommendations, with no item deemed non-compliant (the remainder were partially compliant).More importantly, Grenada is not on any FATF "grey list" or "blacklist" for AML deficiencies. In EU assessments, Grenada is also not classified as a high-risk third country for money laundering. This clean status bolsters its reputation and means there aren't extra penalties or checks on Grenada from international banks and exchanges beyond the standard procedures.
• Licensing of Exchanges: To date, Grenada's implementation of the VABA has been cautious. GARFIN has the authority to issue licenses to crypto businesses, but as of early 2025, there are few if any major crypto exchanges headquartered in Grenada.The Act primarily ensures that if such businesses emerge, they are properly regulated. The fact that Grenada has this law means it considers crypto business legal but regulated – it is not banning crypto activities, rather it welcomes them under oversight. GARFIN in 2024 even issued detailed regulations (S.R.O. 9 of 2024) to guide the implementation of the Act, indicating ongoing efforts to strengthen the regulatory framework.
• Bybit's Status in Grenada: Bybit is a large international exchange that is not registered or licensed in Grenada. Its primary bases of operation are in jurisdictions like Dubai and (previously) Singapore. From Grenada's legal perspective, Bybit is an offshore service.Using Bybit in Grenada is not explicitly prohibited by law, but it operates without a local license, meaning Grenadian authorities do not have direct oversight of Bybit's activities. This situation is common in many smaller jurisdictions: residents can access global crypto platforms which aren't locally regulated.There is currently no law in Grenada that penalizes individuals for using an unlicensed foreign exchange (the onus of the law is on the service provider to not operate in Grenada without a license, not on the consumer to avoid using it).
• Government Attitude: Grenada's government has shown interest in fintech innovation (as evidenced by participation in the ECCB's digital currency pilot and its quick adoption of crypto-specific legislation). At the same time, the government has been keen to maintain its good standing internationally.Grenada cooperates with global initiatives like the Common Reporting Standard (CRS) for tax information exchange (it was an early adopter in 2017) and adheres to U.S. FATCA requirements. While those pertain to traditional finance, they signal Grenada's general openness to transparency and compliance, rather than harboring secrecy.In public advisories, Grenadian authorities have typically cautioned investors about the volatility and risks of cryptocurrencies but have not implemented any bans on owning or trading crypto. Owning Bitcoin or trading on a platform like Bybit is legal for a Grenadian individual.

In summary, Grenada's regulatory landscape for crypto in 2025 is one of cautious acceptance and formal oversight. The country has a law on the books to supervise crypto businesses and is aligned with international AML norms. Grenada has no international sanctions against it and is viewed as a cooperative jurisdiction.

For a Grenadian passport holder using Bybit, this means two things: (1) your country isn't creating obstacles for you – there's no law saying you cannot trade or that your crypto assets are illegal, and (2) you should be mindful that Bybit is not locally regulated – you are using it at your own risk, in the sense that if something goes wrong, Grenadian regulators won't directly step in to help.

The absence of local regulation is a double-edged sword: it gives you freedom to use global exchanges, but it also places responsibility on you to exercise due diligence.

Legal Implications for Grenadian Users on Bybit

From a legal perspective, Grenadian users should consider a few implications when transacting on Bybit or any similar exchange:

No Local Investor Protection

As noted, Bybit does not have a license from GARFIN under the Virtual Asset Business Act. If, for example, Bybit were to freeze your account or if there were a platform failure or hack, you would not have recourse to a Grenadian regulatory body for compensation.

In contrast, if you were using a Grenada-licensed financial institution and something went awry, you could potentially seek remedy through Grenada's legal system. With Bybit, you are subject to the terms of service you agreed to, which typically say disputes may be resolved under an overseas jurisdiction (often Singaporean or Dubai law, given Bybit's structure).

This isn't to say Bybit is unsafe – only that one should be aware of the legal environment. Many Grenadians use such platforms successfully; just remember that trust and risk management (like using two-factor authentication, not leaving all funds on the exchange, etc.) are important.

Essentially, you are leveraging Grenada's open access, but also assuming personal responsibility.

Taxation and Disclosure

One of the attractive features for Grenadian citizens (including those who obtained citizenship via investment) is the island's favorable tax regime. Grenada does not tax worldwide income, has no capital gains tax, and no wealth or inheritance taxes on individuals.

This means that if you, as a Grenadian, make profits trading crypto on Bybit, Grenada's government will not tax those gains, provided you are not also earning that income within Grenada's territory. Grenada's income tax applies mainly to locally earned income (e.g., salary from a job in Grenada or profits from a Grenada-based business).

Crypto trading gains, which are typically considered capital gains or investment income, are not subject to Grenadian tax at all. Moreover, Grenada does not require you to report foreign financial accounts or overseas assets in a personal tax return, since it doesn't tax them.

There is no equivalent of, say, a U.S. FBAR or foreign asset reporting requirement for Grenadian residents. In practice, this means a Grenadian passport holder can have a Bybit account (which is essentially an offshore account) and is not obliged to declare it to Grenadian authorities.

There are also no currency exchange controls in Grenada that would restrict moving money in or out for crypto purposes; the East Caribbean Dollar (XCD) is freely convertible and the country imposes no capital controls on citizens.

AML and Source of Funds

Even though Grenada won't tax your crypto, if you convert large amounts of crypto to fiat and bring the money into the traditional financial system (e.g., wiring money from Bybit to a bank in Grenada), it could trigger standard AML checks.

Grenadian banks follow international banking standards and would file a Suspicious Activity Report via the FIU if a transaction seems unexplained or out of pattern. So, it's wise to keep documentation of your crypto activity if you plan to transfer significant profits to your Grenadian bank account.

This might include trading records or a letter explaining that the funds are from crypto investments. This isn't a legal requirement per se, but a practical tip to smooth any compliance queries.

As long as you can show the funds came from lawful trading, there is no issue – crypto trading is not a crime. It's simply a matter of transparency; Grenada's FIU works to prevent illicit money flows (like fraud or terrorist financing), and being able to demonstrate legitimate source of funds will satisfy any inquiries.

Grenada's International Obligations

Grenada participates in the Common Reporting Standard (CRS), meaning if you are a tax resident of Grenada and you have financial accounts abroad, those accounts might be reported to Grenadian authorities by foreign financial institutions.

However, CRS currently covers bank and brokerage accounts; crypto exchanges are generally not yet in scope (though that may change in the future as regulations evolve). Even with CRS, since Grenada doesn't tax foreign income, such information reporting would likely be just kept on file without tax consequences.

It's more relevant if you also have obligations elsewhere (for instance, if you're a dual citizen or have residency in another country that does tax crypto, that country might get reports too). The key point is Grenada is not a "secrecy jurisdiction" – it complies with global transparency standards.

But the privacy of crypto holdings remains high because of the current regulatory gap around crypto reporting.

Risks of Future Policy Changes

As crypto regulation is a fast-evolving area, both Bybit's policies and Grenada's laws could change in the future.

Bybit might add or remove countries from its service list (though there's no indication Grenada would be barred absent some geopolitical development). Grenada, under international pressure, could potentially introduce new rules – for example, if FATF recommended tighter scrutiny of CBI-related accounts, Grenada might instruct financial institutions (and indirectly expect exchanges) to apply enhanced due diligence to citizens who obtained passports via investment.

This is speculative, but worth noting as a possibility. For now, Grenada's CBI citizens are treated the same as any other citizens. It's wise for users to stay informed about any such changes.

As of early 2025, Grenada remains in good standing and Bybit's stance toward Grenadian clients is positive.

Grenada's Citizenship-by-Investment Program – Appeal for Crypto Users

Grenada's Citizenship by Investment (CBI) program has gained renown as a gateway for global entrepreneurs, including crypto investors, to obtain a second passport with attractive perks.

Launched under the Grenada Citizenship by Investment Act of 2013, the program allows qualified investors (e.g., via a donation of $150,000+ or a real estate purchase of $220,000+) to become Grenadian citizens, typically in a matter of months.

Here's an overview of the program and why it's particularly appealing to crypto users:

Fast and Efficient Processing

Grenada offers one of the fastest citizenship timelines available. Official guidance often states a processing time of about 3 to 4 months from application to approval (although in some cases it may take up to 6 months if due diligence checks take longer).

This means an investor can go from application to holding a Grenadian passport within a single crypto quarter. For those in the fast-moving crypto industry, this speed is a major advantage – you can relatively quickly secure the benefits of a Grenadian passport (such as exchange access and travel freedoms) without a long wait.

The process does not require relocation or an interview in most cases. (Note: Grenada introduced a mandatory interview for CBI applicants in September 2023 as an added due diligence step, but these interviews are generally handled virtually or in select locations and have not significantly lengthened the overall timeline.)

The bottom line is that by 2025, the CBI process is streamlined and efficient, allowing crypto entrepreneurs to plan and obtain their new citizenship in a predictable timeframe.

Favorable Tax Environment

Perhaps the biggest draw for crypto enthusiasts is Grenada's tax regime, which can be described as tax-neutral for foreign investors. Grenada imposes no tax on worldwide income, no capital gains tax, no wealth or net worth tax, and no inheritance tax on individuals.

This means that if a crypto investor becomes a Grenadian citizen and is not otherwise a tax resident of a higher-tax country, they could potentially realize crypto gains without any local tax liability.

For example, if you trade Bitcoin or other assets and make substantial profits, Grenada will not tax those profits (since they are foreign-sourced capital gains). Even if you decided to cash out and deposit funds into a Grenadian bank, there's no Grenadian capital gains or income tax on that deposit.

Additionally, Grenada has no estate or inheritance tax, which is attractive for long-term crypto wealth planning (you can pass on your crypto holdings to heirs without the government taking a cut).

There is a standard 15% VAT and there are income taxes on local employment or business, but many crypto investors do not have local active income; their wealth comes from international investments which Grenada doesn't reach.

In summary, becoming Grenadian can be part of a legal strategy to optimize taxes (assuming one structures their affairs to be tax resident in Grenada or another no-tax country). It's crucial to do this in compliance with all laws — but the Grenadian system itself is very accommodating to offshore income.

No Obligation to Reside or Report Foreign Assets

Grenada's CBI program and laws impose no residency requirement — you are not forced to live in Grenada at all (not before, during, or after obtaining citizenship).

For crypto entrepreneurs who often are globally mobile or based in crypto hubs, this flexibility is ideal. You can maintain your operations wherever it makes sense and still hold the Grenada passport.

Furthermore, Grenadian authorities do not mandate new citizens to declare their existing assets or holdings. Citizenship is private and not disclosed to other countries; Grenada does not publish names of CBI citizens publicly (unlike some nations that gazette new citizens).

As noted earlier, since Grenada doesn't tax foreign income, you won't be filing annual reports of your crypto holdings or exchange accounts. This privacy and simplicity is a notable benefit – it allows one to keep their financial affairs relatively confidential and straightforward, without additional bureaucracy from the new citizenship.

Global Mobility (Travel & US Visa Advantages)

Even though this is not directly a crypto matter, it's a significant benefit of Grenadian citizenship that often matters to crypto professionals: visa-free travel to 140+ countries, including the Schengen Area (EU), UK, Russia, China, Hong Kong, Singapore, and more.

Grenada is unique among CBI countries in having visa-free access to China (useful if you have business interests there) and also having a treaty with the United States that makes Grenadians eligible for the E-2 Investor Visa.

The E-2 visa allows an individual to reside and run a business in the US based on a substantial investment. Crypto entrepreneurs who might want to spend time in the US or set up a company there can leverage this treaty.

For instance, a former Chinese national who becomes Grenadian could apply for an E-2 visa to operate a crypto startup in the US – something not possible with just a Chinese passport.

This mobility and access can be critical for attending international crypto conferences, setting up overseas operations, or simply networking globally. The Grenada passport is a highly ranked passport in terms of travel freedom, and this complements the borderless nature of cryptocurrency work.

Robust Due Diligence = Credible Passport

Grenada's CBI program is known for its stringent due diligence processes. The Citizenship by Investment Unit (CIU) in Grenada vets applicants thoroughly, including multi-layered background checks by third-party investigative firms and now the mentioned interviews.

Only individuals of good character (clean criminal record, verifiable source of funds) are approved. For the crypto user, this means that once you have the passport, you carry a citizenship that is seen as legitimate by banks and exchanges.

There is no indicator on the passport that it was obtained by investment – it looks the same as any Grenadian passport. Exchanges like Bybit treat a Grenada passport from a CBI citizen the same as one from a native-born citizen, and they have no reason to suspect it unless something else (like your prior history) triggers an alert.

Given Grenada is not flagged internationally, your passport is a trustworthy KYC document. This credibility is important because some other second passports (especially those from countries with lesser reputations or under sanctions) can cause compliance hesitations.

Grenada's passport, by contrast, is well-regarded; it helps that Grenada is not a haven for financial crime – for example, it is one of the few countries in the Americas with no major money-laundering scandals and was noted as having one of the lowest money-laundering risk indexes in its region in 2024.

This contributes to a smooth experience when opening accounts.

To summarize the CBI advantages, below is a quick reference:

For crypto users, these points illustrate why Grenada is often highlighted in discussions of "crypto-friendly passports". It provides regulatory arbitrage opportunities (legally optimizing your tax and compliance situation) without sacrificing legitimacy or convenience.

Many crypto investors have sought second citizenships to diversify their personal jurisdictional risk – Grenada stands out as a jurisdiction that welcomes such individuals and integrates them without onerous demands.

Best Practices

By combining a Grenadian passport with a platform like Bybit, an individual in 2025 can achieve a great deal of financial freedom and flexibility. Grenadian citizenship grants access – Bybit views Grenada as an approved jurisdiction, so you can clear the nationality check and complete KYC using your passport.

Grenada's laws impose minimal friction – no extra taxes on your crypto gains and no laws blocking your trading activities. This synergy creates a favorable environment for a crypto investor or trader.

That said, it's important to proceed with a strong understanding of both compliance and personal responsibility:

• Always ensure you keep your KYC information up-to-date on Bybit. If your passport expires, renew it and update the document. Maintain consistency between what you report to Bybit and your actual circumstances (especially regarding your residence).
• Stay informed about regulatory changes. Grenada's stance on crypto is progressive, but regulations can evolve. Likewise, global exchange rules are tightening (for example, travel rule for crypto transfers, etc.). Keep an eye on any announcements from Bybit about KYC policy changes or any news from Grenada's authorities on crypto.
• Practice prudent security measures on exchanges. Use strong passwords, enable two-factor authentication, and consider using hardware wallets for long-term storage of crypto. Bybit has a good security track record, but personal security hygiene is crucial regardless of citizenship.
• If you are a Grenada CBI citizen who also holds another nationality or resides elsewhere, be mindful of your multi-jurisdictional obligations. For instance, if you reside in a country that does tax crypto, you must comply there even if Grenada doesn't tax you. Second citizenship is not a license to dodge laws; it's a tool for flexibility. Use it ethically and legally to minimize risk.

In conclusion, Grenadian passport holders can navigate Bybit's KYC and crypto trading smoothly in 2025, enjoying one of the more seamless experiences globally. By leveraging Grenada's crypto-friendly attributes (no capital gains tax, supportive regulations) and adhering to Bybit's compliance requirements, you can trade and invest with confidence.

The combination of a reputable nationality and a robust exchange opens up opportunities to participate in the digital asset economy without the hurdles faced by those from more restrictive environments.

As long as you stay compliant and informed, you can make the most of this intersection of citizenship, finance, and technology — truly embodying the global citizen in the crypto age.

I've seen firsthand how the right passport can open doors in the crypto world. Having worked with clients from various backgrounds, the Grenada option consistently stands out for its blend of practicality, speed, and legitimacy.

What makes this particularly exciting is that it's not just about theoretical benefits – real people are using this pathway right now to transform their crypto operations and gain more freedom. The ability to complete KYC on major exchanges like Bybit without friction, while potentially optimizing your tax situation, creates tangible advantages that can compound over time.