2024-12-04 10:57:00Know 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 and Earn products, as well as gain exclusive access to promotions and events such as Launchpad. 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.
|
|
|
Non KYC |
Individual Verification (Standard) |
Individual Verification (Advanced/Pro) |
Business Verification |
|
Deposit |
Crypto Deposit |
⨯ |
✔ |
✔ |
✔ |
|
Fiat Deposit |
⨯ |
✔ |
✔ |
✔
| |
|
Withdrawal |
Crypto Withdrawal |
Daily Limit ≤20K USDT
≤100K USDT (Withdrawal is not affected for Non-KYC users.) |
Daily Limit ≤1M USDT
|
Daily Limit ≤2M USDT
|
Daily limit ≤ 4M USDT
|
|
Fiat Withdrawal |
⨯ |
✔ |
✔ |
✔
| |
|
Buy Crypto |
Credit Card Payment |
⨯ |
✔ |
✔ |
⨯ |
|
Third-Party Payment Channel |
⨯ |
✔ |
✔ |
⨯ | |
|
P2P Trading |
⨯ |
✔ |
✔ |
✔ | |
|
P2P Block |
⨯ |
✔ |
✔ |
✔ | |
|
Trade |
Spot Trading |
⨯ |
✔ |
✔ |
✔ |
|
Margin Trading |
⨯ |
✔ |
✔ |
✔ | |
|
Leveraged Tokens |
⨯ |
✔ |
✔ |
✔ | |
|
Trading Bot |
⨯ |
✔ |
✔ |
✔ | |
|
Spot X |
Launchpad |
⨯ |
✔ |
✔ |
✔ |
|
Launchpool |
⨯ |
✔ |
✔ |
✔ | |
|
ByStarter |
⨯ |
✔ |
✔ |
⨯ | |
|
ByVotes |
⨯ |
✔ |
✔ |
✔ | |
|
Token Splash |
⨯ |
✔ |
✔ |
✔ | |
|
Airdrop Hunt |
⨯ |
✔ |
✔ |
✔ | |
|
Derivatives |
Perpetual Contracts |
⨯ |
✔ |
✔ |
✔ |
|
Futures Contract |
⨯ |
✔ |
✔ |
✔ | |
|
Options |
⨯ |
✔ |
✔ |
✔ | |
|
Copy Trading |
Copy Trading |
⨯ |
✔ |
✔ |
✔ |
|
Copy Trading Pro |
⨯ |
✔ |
✔ |
✔ | |
|
Pre-Market |
Pre-Market Spot |
⨯ |
✔ |
✔ |
✔ |
|
Pre-Market Perpetual |
⨯ |
✔ |
✔ |
✔ | |
|
Finance |
Crypto Loan |
⨯ |
✔ |
✔ |
✔ |
|
Bybit Card |
⨯ |
⨯ |
✔ |
⨯ | |
|
Earn Products |
Flexible Savings |
⨯ |
✔ |
✔ |
✔ |
|
Fixed Savings |
⨯ |
✔ |
✔ |
⨯ | |
|
Liquidity Mining |
⨯ |
✔ |
✔ |
✔ | |
|
Dual Asset |
⨯ |
✔ |
✔ |
✔ | |
|
On-Chain Earn |
⨯ |
✔ |
✔ |
✔ | |
|
Wealth Management |
⨯ |
✔ |
✔ |
✔ (Premium Wealth Management is not supported for Business Verification users) | |
|
Double-Win |
⨯ |
✔ |
✔ |
✔ | |
|
Discount Buy |
⨯ |
✔ |
✔ |
✔ | |
|
Smart Leverage |
⨯ |
✔ |
✔ |
✔ | |
|
NFT |
NFT |
⨯ |
✔ |
✔ |
✔ |
|
MT5 |
MT5 |
⨯ |
✔ |
✔ |
✔ |
|
Rewards Hub |
Claim Rewards |
⨯ |
✔ |
✔ |
✔ |
*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.
— For more information on the P2P limits and differences, please refer to this article.
— Standard Individual KYC will be required before users can claim their rewards from Rewards Hub.
— Users can only complete either Individual or Business verification on their account. If you would like to transfer your KYC verification to another account, please visit here for more information.
— While most Spot X products are available to Business Verification users, Institutional users are not eligible to participate.
— To learn more on how to complete your KYC verification, please refer to the following articles:
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