Is identity verification required for Bybit? If so, what is the process and how long does it take for approval? If not, what are some ways to avoid having to verify your identity?
Is identity verification required for Bybit? If so, what is the process and how long does it take for approval? If not, what are some ways to avoid having to verify your identity?
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Bybit does want you to verify your identity if you wanna use all the cool stuff on their platform. Like, you can probably do some basic things without it, but if you wanna trade more, withdraw bigger amounts, or use fiat stuff, theyβll ask for KYC (thatβs just verifying who you are).
The process is pretty simple β you upload your ID (passport, driverβs license, whatever), take a quick selfie for face verification, and then wait. Usually, it takes like 15 minutes to a couple of hours, sometimes up to a day if they need to check manually.
If you wanna skip it, you can use Bybit with limited features β like smaller withdrawal limits (like 20,000 USDT a day max), and no access to some special promos or services. But honestly, avoiding KYC isnβt worth it if you plan to be serious with trading there.
So yeah, best bet is to just get it done, itβs quick and opens up all the good stuff.