Know Your Customer (KYC) is a set of procedures that require financial institutions and crypto exchanges to verify the identity of their customers. Bybit EU 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 product, as well as gain exclusive access to promotions and events such as Launchpool.
The table below states the services that can be used under different KYC levels.
|
Individual Verification (Standard) |
Individual Verification (Advanced) | ||
|
Deposit |
Crypto Deposit |
✔ |
✔ |
|
Fiat Deposit |
✔ |
✔ | |
|
Withdrawal |
Crypto Withdrawal |
Daily Limit ≤1M USDC No Monthly Limit |
Daily Limit ≤2M USDC No Monthly Limit |
|
Fiat Withdrawal |
Daily Limit ≤ 500K EUR
Weekly Limit ≤ 2.5M EUR
Monthly Limit ≤ 8M EUR |
Daily Limit ≤ 600K EUR
Weekly Limit ≤ 3M EUR
Monthly Limit ≤ 10M EUR | |
|
Buy Crypto |
Credit Card Payment |
✔ |
✔ |
|
Third-Party Payment Channel |
✔ |
✔ | |
|
Trade |
Spot Trading |
✔ |
✔ |
|
Spot X |
Launchpool |
✔ |
✔ |
|
Token Splash |
✔ |
✔ | |
|
Earn Products |
Fixed-Term Reward |
✔ |
✔ |
|
Rewards Hub |
Claim Rewards |
✔ |
✔ |
Notes:
— Higher Individual KYC levels 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.
— To learn more on how to complete your KYC verification, please refer to the following article: How to Complete Individual KYC Verification.