Know Your Customer (KYC) is a set of procedures that require financial institutions and crypto exchanges to verify the identity of their customers. Bybit TR uses KYC to identify customers and analyze their risk profiles. This verification helps prevent money laundering and financing of illicit activities.
The table below states the services that can be used under different KYC levels.
*Notes:
— There are daily and monthly withdrawal limits for all supported stablecoins, including USDT, USDC, USDY, USDD, and USDE. For more information, please refer to FAQ — On-chain Crypto Withdrawals.
— For crypto withdrawals made via internal transfer, the transfer will be restricted if your recipient has not completed KYC verification.
— Users can only complete either Individual or Business verification on their account.
— To learn more on how to complete your KYC verification, please refer to the following articles: