How to Complete KYC on Bybit – Everything You Need to Know

Completing identity verification on Bybit is exceptionally important. When you create an account on Bybit, you will be asked to complete your account verification, which also includes verifying your identity. Users who clear their identity and provide the required information receive additional benefits and a full suite of features. KYC or Know Your Customer is a simple way to unlock the full trading capabilities of the platform while also ensuring compliance with regulations. 

In this guide, we will explain how to complete KYC on Bybit, what documentation you will need to provide, and clarify every step. 

Let’s begin!

Understanding Verification Levels on Bybit

Bybit offers three tiers of individual identity verification, i.e., Standard, Advanced, and Pro. To verify for each tier, you will need to provide additional documentation. Once you clear the screen, you will get access to higher withdrawal limits and more features. Here is the type of documentation you will need to provide for each tier. 

• Standard – Proof of Identity (POI) and Identity Assessment
• Advanced – Proof of Address (POA)
• Pro – Enhanced Due Diligence

It is important to complete the Standard tier level compliance first before moving on to the higher levels.

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Step-by-Step Guide to Completing KYC 

Here is a step-by-step guide to completing KYC on the Bybit website and the mobile application, as both follow the same process. 

Completing Individual Identity Verification

You need to first verify your identity in order to apply for each tier of identity verification. Let’s take a look at how you will first verify your identity on Bybit:

• Open the Bybit website or the application. 
• Log in to your account.
• Click on the profile icon and then select Account. 

• Look for the Identity Verification column under the Account Info and click on Verify Now. 

• Select the country of your residence and region. 

• Follow the on-screen verification requirements. 

Make sure you choose your country and region carefully, as your choice will influence your verification process. Once the information is confirmed, you may still make some changes, but additional verification may be required for that. 

Proof of Identity (POI)

Once you have completed the account verification, you can start the process for applying for Standard Verification. For this, you will have to:

• Click on the Verify option under Proof of Identity. 

• Select the country that issued your ID and your identity document type (i.e., passport, National ID Card, etc.).

• Upload the correct documents and follow the onscreen instructions. 

• You will be asked to complete the facial recognition process to confirm your identity.

• You should make sure that your face is within the frame and follow the onscreen instructions. 

In case the facial recognition page is asking for several attempts, it might be possible that the documents you submitted don’t fulfill the requirements. Or it may be that you have made too many submissions in a short period. In this case, you should wait and try again after 30 minutes. If the issue still persists, you should reach out to Bybit’s customer support.

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Identity Assessment

Under normal circumstances, your Identity Assessment will be completed automatically right after you have completed the Proof of Identity section. However, in certain cases, users are asked to complete an Identity Assessment Questionnaire. Users are expected to share accurate and reliable information. 

Once you have completed the standard identity verification, you will see a verified label on your Verification Center Page. You can now start making deposits and trading on Bybit. In case you don’t pass the identity assessment section, you will become ineligible to complete the Standard Verification. 

Proof of Address (POA)

For the Advanced level, you will need to provide Proof of Address (POA). Follow these steps: 

• In your Verification Center, click or tap on the Upgrade Now button.
• You will be asked to submit your Proof of Address and click on Verify.

• Select your country of residence. Please be accurate in your choice, as it can influence the verification process.
• Submit documents that will verify your address. Bybit access Bank Statements, Utility Bills, Internet Bill, Tax Returns, Council Tax Bill, and Government-Issued Certificates of Residence. 

The proof of address provided must be dated within the last three months, as documents older than that will be rejected. Once your address is verified, your withdrawal amount limit will be increased. 

Enhanced Due Diligence (EDD)

In order to complete the Pro level of verification, you will have to tap on the Verify button and provide the required details. You will be asked to complete a questionnaire and provide the supporting documents to provide proof of your income. Once you provide the required information, your account will become Pro verified.

In rare cases, you may be asked to provide additional documentation for verification when withdrawing funds or conducting a fiat transaction, even after completing your EDD verification. 

Final Takeaways

Completing your KYC on Bybit is a great way to reap the benefits the platform provides to its verified users. By providing the correct documents, following the instructions, and verifying your submissions, you can ensure a smooth verification process. Once you are verified, you will be fully ready to trade, withdraw, deposit, and enjoy all the features that Bybit offers.

FAQs

What is KYC on Bybit?

KYC is a verification process that confirms your identity so you can access full training features and higher withdrawal limits on Bybit.

Why do I need to complete KYC?

It ensures compliance with regulations and helps secure your account by verifying who you are.

What documents are accepted for Standard KYC?

You can use your government-issued ID, such as a passport, national ID card, or driver's license.

What should I do if facial recognition fails?

Wait for 30 minutes and retry in a well-lit area by following the on-screen instructions.

What counts as proof of address?

Utility bills, bank statements, or government-issued documents dated within the last three months.

What happens if my KYC submission is rejected?

You will need to correct any errors and resubmit the required documents for approval.

Can I trade on Bybit without completing KYC?

You can access limited features, but full trading and higher withdrawal limits require at least Standard KYC.

Are my documents safe with Bybit?

Yes, Bybit uses encrypted systems to protect your personal information and uploaded files.

Can I change my submitted information later?

Yes, you can view submitted documents in the Verification Center and contact support if corrections are needed.