So, after youโve bought crypto or deposited funds on Bybit, the KYC (Know Your Customer) step is basically to verify who you are. People usually upload some IDโlike a passport or driverโs licenseโand sometimes a selfie for proof. Itโs like Bybit making sure youโre legit and not a robot or someone trRead more
So, after youโve bought crypto or deposited funds on Bybit, the KYC (Know Your Customer) step is basically to verify who you are. People usually upload some IDโlike a passport or driverโs licenseโand sometimes a selfie for proof. Itโs like Bybit making sure youโre legit and not a robot or someone trying to do sketchy stuff.
Once you finish KYC, you get higher withdrawal limits and access to more features on Bybit, like bigger trading amounts or certain promotions. Also, it helps keep the platform safe for everyone.
Most people just do it once and then forget about it, since itโs just a one-time verification to unlock all the cool stuff.
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Tbh, both are solid, but they kinda serve different types of users. Coinbase is more โmainstream,โ ya know? Itโs based in the U.S., super regulated, and itโs great for beginners who just wanna buy crypto with a few taps. So yeah, itโs pretty safe in terms of compliance and all that. But they do askRead more
Tbh, both are solid, but they kinda serve different types of users.
Coinbase is more โmainstream,โ ya know? Itโs based in the U.S., super regulated, and itโs great for beginners who just wanna buy crypto with a few taps. So yeah, itโs pretty safe in terms of compliance and all that. But they do ask for a lot of KYC stuff and sometimes freeze accounts for โsecurity checks,โ which can be annoying.
Bybit, on the other hand, is more for people who are into trading โ like futures, leverage, and all the spicy stuff. Itโs based offshore (not in the U.S.), so it’s less regulated but also gives you more freedom. Itโs got solid security features, and a lot of pro traders use it. But yeah, since itโs not under strict U.S. laws, you kinda gotta trust their reputation and your own security habits.
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