Yes, Australians can create a Bybit account and start trading cryptocurrencies without having to complete the KYC process. Unverified accounts have access to a range of trading markets such as spot, margin, leveraged tokens, and perpetual contracts, as well as copy trading, trading bots, and crypto-backed loans. However, unverified accounts have certain restrictions including no access to its P2P marketplace and a daily withdrawal limit of $20,000 USDT.