Know Your Customer (KYC) is a set of procedures that require financial institutions and crypto exchanges to verify the identity of their customers. Bybit TR uses KYC to identify customers and analyze their risk profiles. This verification helps prevent money laundering and financing of illicit activities. 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 and VIP users will be entitled to a higher withdrawal limit. 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. 

— Standard Individual KYC will be required before users can claim their rewards from Rewards Hub.

— Users can only complete Individual or Business KYC verification on their account. If you would like to transfer your KYC verification to another account, please visit here for more information. 

— To learn more on how to complete your KYC verification, please refer to the following articles:

• How to Complete Individual KYC Verification 

• FAQ — Business KYC