KYC is the foundation of security and access to full functionality on Bybit

KYC is a mandatory identity verification process widely used in the financial sector and the crypto industry. The English term “Know Your Customer” (KYC) underpins this practice, which aims to ensure security and transparency in trading. On the Bybit platform, this mechanism has become an essential part of the user architecture, complying with international regulatory requirements and protecting both the platform and its users.

When you start trading on the exchange, you need to understand that KYC is not just an administrative obligation but your personal guarantee of security. The verification process helps prevent illegal transactions, detect suspicious activity early, and most importantly, grants you access to the platform’s extended features.

Why KYC is Critical for Your Account

At Bybit, the verification system is designed to protect every user. KYC is a mechanism that guarantees your account belongs to you and that all withdrawals are conducted within legal boundaries. Additionally, identity verification allows you to:

Increase withdrawal limits. Without verification, the daily limit is only 20,000 USDT and 100,000 USDT monthly. After completing standard verification, the limit increases to 1 million USDT per day, and with extended verification — up to 2 million USDT.

Access fiat services. KYC is a prerequisite for using services involving real money — converting to national currencies, withdrawing to bank accounts.

Use income-generating products. The Earn platform and other investment tools are available exclusively to verified users.

Obtain VIP or PRO status. KYC is the basis for earning VIP prefixes and additional privileges, including significantly higher withdrawal limits — from 6 million USDT for VIP 1 up to 30 million USDT for PRO 6.

Secure account recovery. If you lose your password or your account is blocked, a verified account is easier to restore.

Verification Levels on Bybit and Their Benefits

The platform offers three main KYC verification levels, each expanding your capabilities.

Standard verification requires only facial recognition and identity proof (POI — passport, ID card, residence permit). This level provides a daily withdrawal limit of 1 million USDT and access to basic platform services.

Extended verification adds address proof (POA). Documents confirming your address must be recent — within the last three months. At this level, the daily limit is 2 million USDT, and all fiat services are available.

Professional verification involves a comprehensive review and is required for users planning large-scale operations. This level offers the highest limits for traders.

Additionally, users can obtain VIP status (from VIP 1 to VIP 5) or PRO (from PRO 1 to PRO 6), which significantly increase daily withdrawal limits — up to 12 million USDT for the highest VIP level and up to 30 million USDT for PRO 6.

Important: Limits are updated daily at 00:00 UTC, and monthly caps reset on the first day of each month at 00:00 UTC.

What You Need for Verification

KYC is a process that usually takes about 15 minutes if you are prepared. In complex cases, it may take up to 48 hours.

For standard verification, you need:

• A live facial photo
• A copy of an official ID document

For extended verification, additionally:

• Proof of address — utility bill, official bank statement, government residence certificate, internet/cable TV bill, tax declaration, municipal tax document, or government residence certificate

Acceptable documents for identity verification:

• International passport
• National ID card
• Residence permit
• Driver’s license

Documents NOT accepted:

• Domestic passport
• Student, work, or tourist documents
• Scanned copies or electronic versions

Acceptable documents for address verification:

• ID card, passport, driver’s license, or residence permit showing your address
• Utility bills
• Bank statements
• Government-issued certificates
• Internet and phone bills
• Tax declarations

Unacceptable documents for address verification:

• Mobile phone account statements
• Insurance policies
• Bank receipts
• Recommendation letters
• Handwritten checks or receipts

Common Reasons for Verification Rejection and How to Avoid Them

KYC may sometimes reject your application — understanding the reasons helps prevent delays.

The system detects duplicate accounts with similar information. At Bybit, the rule is: one account per person. If you already have a verified account, a second one will not be approved. If you need to transfer verification to a new account, contact support.

Facial recognition fails. Ensure your face is centered, well-lit, and clearly visible. Avoid shadows, reflections, or partial images.

Document is not recognized. Hold the original document so it’s fully visible within the frame. Blurry, bent, or partially obscured images will be rejected.

Sending a copy instead of the original. Bybit only accepts physical documents. Scans, screenshots, or electronic copies will not be approved.

Document has expired. Make sure your document’s validity date has not passed.

Platform conditions are violated. Your profile may be rejected if:

• You are under 18
• You are in a country with restricted access to Bybit
• Violations of the Terms of Service are found on your account

Be sure to review the full Terms of Service.

Practical Questions About KYC

Can I verify a sub-account? No, KYC is only available for the main account. Sub-accounts cannot undergo verification independently.

How are my personal data used? Bybit guarantees that all your data are encrypted and protected. The platform uses your information solely for identity verification and service improvement. Data are not shared with third parties and are not used for marketing.

Can I have multiple verified accounts? No, each user can have only one verified account on Bybit.

Can I change my data after verification? Yes, if your account was verified through individual KYC and is not a sub-account, suspended, or in the process of updating. Go to the Identity Verification page, click “Update,” and repeat the process. It takes about two hours.

Can I use different names for standard and extended verification? No, both levels must contain the same user name.

How are user limits determined? Limits are set based on your nationality, not your residence. This measure ensures compliance with regulations.

What to Do if Verification Is Delayed

KYC is generally quick, but sometimes it can take longer than 48 hours due to verification complexity.

If verification is delayed, contact Bybit customer support via the support form on the website. After submitting your request, you will receive a reference number, and the support team will contact you within one business day.

Understanding that KYC is a necessary and protective procedure will help you complete verification faster and gain full access to Bybit’s features. Follow document requirements, ensure image quality, and be ready to provide accurate information — your account will be activated quickly and securely.