Bybit Cracks Down on Unverified Accounts with New KYC Rules
Bybit has made identity verification mandatory for all its products and services since May 8, 2023. This means that users cannot deposit or trade without verifying their identities.
The Standard level of verification requires a government-issued ID and an identity assessment, which unlocks trading and crypto withdrawals up to $1 million USDT per day. The Advanced level adds proof of address for higher daily withdrawal limits, while the Pro level involves enhanced due diligence for high-volume individual accounts.
The review process typically takes around 15 minutes, but can take up to 48 hours in some cases. Users who experience delays are advised to submit a support case and hear back within one working day.
It's worth noting that the 2 BTC, 50 BTC, and 100 BTC limits mentioned online are outdated and no longer apply. The current limits are denominated in USDT and reset at midnight UTC.