Know Your Customer (KYC) is a set of procedures that require financial institutions and crypto exchanges to verify the identity of their customers. Bybit uses KYC to identify customers and analyze their risk profiles. This verification helps prevent money laundering and financing of illicit activities.
After completing KYC verification, you can enjoy our Buy Crypto services. KYC verification is also necessary to attain higher BTC withdrawal thresholds.
The table below states the services that can be used under different KYC levels.
Notes:
— Users can withdraw up to 20K equivalent USDT daily, and up to 100K equivalent USDT per month while Identity verified. For more information, please refer to FAQ — Individual KYC.
— For crypto withdrawals made via internal transfer, the transfer will be restricted if your recipient has not completed KYC verification.
— For all Buy Crypto transactions exceeding a certain limit, Advanced Individual KYC may be required.
— To learn more on how to complete your KYC verification, please refer to this article.