How to Verify Account in Bybit

Jan 09, 2024 2426 0

What is KYC?

KYC means “know your customer.” KYC guidelines for financial services require that professionals make an effort to verify the identity, suitability and risks involved, in order to minimize the risk to the respective account.

How to submit a request for Individual Lv. 1

You may proceed with the following steps:

1. Click “Account Security” in the upper right-hand corner of the page

2. Click "Verify Now" in the "Identity Verification" column under "Account Security"

3. Click ”Verify Now” under Lv.1 Basic Verification

4. Information required:

Document issued by country of origin (passport/ID)
Facial recognition screening

Note:

Please make sure the document photo clearly shows the full name and date of birth.
If you are unable to upload photos successfully, please make sure that your ID photo and other information are clear, and that your ID hasnt been modified in any way.
Any type of file format can be uploaded.

How to submit a request for Individual Lv. 2

After verification for KYC 1 has been approved, you may proceed with the following steps:

1. Click “Account Security” in the upper right-hand corner of the page

2. Click "Verify Now" in the "Identity Verification" column under "Account Information"

3. Click ”Verify Now” under Lv.2 Residency Verification

4. Document required:

Proof of residential address

Note:
The proof of address documents accepted by Bybit include:

Utility bill
Bank statement
Residential proof issued by government

Bybit does not accept the following types of documents as proof of address:

ID Card/driver’s license/passport issued by government
Mobile phone statement
Insurance document
Bank transaction slip
Bank or company referral letter
Handwritten invoice/receipt

Once the documents are verified by Bybit, you will receive an email of approval, and can then withdraw up to 100 BTC a day.

How to submit a request for Business Lv.1

Please send an email to [email protected]. Be sure to include scanned copies of the following documents:

Certificate of incorporation
Articles, constitution or memorandum of association
Register of members and register of directors
Passport/ID and proof of residency of the Ultimate Beneficial Owner (UBO) owning 25% or more interest in the company (passport/ID, and proof of address within 3 months)
Information of one director (passport/ID, and proof of address within 3 months), if different from the UBO
Information of the account operator/trader (passport/ID, and proof of address within 3 months), if different from the UBO

Once the documents are verified by Bybit, you will receive an email of approval, and can then withdraw up to 100 BTC a day.

Frequently Asked Questions (FAQ)

Why is KYC required?

KYC is necessary to improve security compliance for all traders.

Do I need to register for KYC？

If you want to withdraw more than 2 BTC a day, you’ll need to complete your KYC verification.

Please refer to the following withdrawal limits for each KYC level:

KYC Level	Lv. 0 (No verification required)	Lv. 1	Lv. 2
Daily Withdrawal Limit	2 BTC	50 BTC	100 BTC

**All token withdrawal limits shall follow BTC index price equivalent value**

Note:
You may receive a KYC verification request from Bybit.

How will my personal information be used?

The information you submit is used to verify your identity. We will keep your personal information private.

How long does the KYC verification process take?

The KYC verification process takes approximately 15 minutes.

Note:
Due to the complexity of information verification, KYC verification may take up to 48 hours.

What should I do if the KYC verification process fails for more than 48 hours?

If you encounter any problems with KYC verification, kindly contact us via LiveChat support, or drop an email to [email protected].

How will the company and individual information I submit be used?

The information you submit will be used to verify the identity of the company and individual(s). We will keep company and individual documents confidential.