So, after youβve bought crypto or deposited funds on Bybit, the KYC (Know Your Customer) step is basically to verify who you are. People usually upload some IDβlike a passport or driverβs licenseβand sometimes a selfie for proof. Itβs like Bybit making sure youβre legit and not a robot or someone trRead more
So, after youβve bought crypto or deposited funds on Bybit, the KYC (Know Your Customer) step is basically to verify who you are. People usually upload some IDβlike a passport or driverβs licenseβand sometimes a selfie for proof. Itβs like Bybit making sure youβre 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 itβs 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 βmainstream,β ya know? Itβs based in the U.S., super regulated, and itβs great for beginners who just wanna buy crypto with a few taps. So yeah, itβs 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 βmainstream,β ya know? Itβs based in the U.S., super regulated, and itβs great for beginners who just wanna buy crypto with a few taps. So yeah, itβs pretty safe in terms of compliance and all that. But they do ask for a lot of KYC stuff and sometimes freeze accounts for βsecurity checks,β which can be annoying.
Bybit, on the other hand, is more for people who are into trading β like futures, leverage, and all the spicy stuff. Itβs based offshore (not in the U.S.), so it’s less regulated but also gives you more freedom. Itβs got solid security features, and a lot of pro traders use it. But yeah, since itβs not under strict U.S. laws, you kinda gotta trust their reputation and your own security habits.
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