What is KYC?
KYC (Know Your Customer) 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.
Which products or services on Bybit require compulsory individual identity verification?
Identity Verification of at least Standard level is mandatory for all Bybit products and services. Depending on the requirements for different regions, products, or services, you may be required to complete a higher level of verification. For more information, please refer to the Benefits of Different KYC levels.
Why is KYC important?
- Security and compliance: Bybit strives to provide a secure and compliant trading environment in accordance with regulatory requirements.
- Prevent illegal activities: Prevent illegal activities and detect suspicious behavior as early as possible.
- Provide enhanced services: Users who complete individual KYC can enjoy our Fiat services and Earn products, and attain higher limits for daily withdrawal.
- Access exclusive offers: Gain access to exclusive promotions and events, such as Launchpads.
- Provide convenience and security: In the case of lost credentials to access the platform, a KYC-verified account provides a simpler process to help you to recover your account.
How will my personal information be used?
Bybit ensures that your personal information will be encrypted and protected for privacy and security, and will be used for the sole purpose of verifying your identity to better serve you. It is neither shared nor repurposed for any marketing.
What should I do if I have concerns or need to appeal my Supplement Verification result?
If you have a compliance-related inquiry or would like to request a review or appeal, please contact our compliance team directly at complianceops@bybit.com.