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 EU require compulsory individual identity verification?

Identity Verification of at least Standard level is mandatory for all Bybit EU 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?

1. Security and compliance: Bybit EU strives to provide a secure and compliant trading environment in accordance with regulatory requirements.

2. Prevent illegal activities: Prevent illegal activities and detect suspicious behavior as early as possible.

3. Provide enhanced services: Users who complete individual KYC can enjoy our Fiat services and Earn products, and attain higher limits for daily withdrawal.

4. Access exclusive offers: Gain access to exclusive promotions and events, such as Launchpads.

5. 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 EU 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.

 

 

 

When will I receive my new user reward of 5 EUR in my Rewards Hub?

You will receive a 5 EUR Fiat Deposit Fee Saver upon completing the standard verification.

 

 

 

Is cross-transfer between Bybit EU and Bybit Global supported?

Currently, cross-transfers between Bybit EU and Bybit Global are not supported. To transfer crypto to Bybit EU, please use On-chain Crypto Withdrawal. Please ensure that the crypto you are transferring is supported on Bybit EU. For a step-by-step guide, please refer to this article.

 

 

 

Why is the maximum deposit amount limited to 1 EUR?

Users who have not completed standard KYC verification are only allowed to deposit up to 1 EUR. Please complete the standard KYC verification as soon as possible to access full functionality of the service.