Cryptocurrency exchanges are increasingly requiring users to complete identity verification, and Bybit is no exception. The Know Your Customer (KYC) process plays a vital role in ensuring transaction security, complying with global regulations, and preventing financial crimes like money laundering.
This comprehensive guide walks you through everything you need to know about Bybit verification: why it's necessary, what documents are required, the different verification levels available, and a clear step-by-step process to complete it successfully.
Whether you're a beginner or an experienced trader, understanding this process helps you unlock the full potential of the platform while staying secure and compliant.
Why Is Verification Required on Bybit?
Verification on centralized exchanges like Bybit is more than just a formality—it's a critical procedure designed to enhance security, meet legal standards, and expand user capabilities. Here’s why completing KYC matters:
Compliance With International Regulations (KYC & AML)
- KYC (Know Your Customer) ensures that users provide accurate personal information so the exchange can confirm their identity.
- AML (Anti-Money Laundering) protocols help detect and prevent illegal financial activities such as funding terrorism or laundering illicit funds.
By verifying users, Bybit aligns with financial regulations across jurisdictions, reducing legal risks for both the platform and its users.
👉 Learn how secure verification boosts your trading confidence and access.
Enhanced Account Security
Verified accounts benefit from stronger protection against unauthorized access and fraud. Features like two-factor authentication (2FA) work more effectively when tied to a confirmed identity, minimizing the risk of account takeovers.
Higher Withdrawal Limits
Unverified accounts face strict daily withdrawal caps—often limited to a few thousand dollars. Once verified:
- Level 1 users can withdraw up to 1,000,000 USDT per day.
- Level 2 verification increases this limit to 2,000,000 USDT per day.
This makes verification essential for active traders and investors managing larger portfolios.
Full Access to Platform Features
Without verification, key functionalities remain locked. Verified users gain access to:
- Futures and derivatives trading
- Advanced order types
- Exclusive token listings
- Cryptobot integrations (e.g., Veles finance tools)
- Lending and borrowing services
Additionally, many promotional campaigns and staking opportunities are only available to verified accounts.
Protection Against Scams and Fraud
The verification process deters fake accounts and malicious actors. By confirming your identity, you contribute to a safer ecosystem where fraudulent behavior is easier to trace and prevent.
Priority Support and Better Service Terms
Verified users often receive faster response times from customer support and may qualify for personalized assistance, especially during disputes or technical issues.
What Documents Are Needed for Bybit Verification?
To complete KYC on Bybit, you’ll need to submit the following:
Government-Issued ID:
- National passport
- Driver’s license
- Official ID card
Proof of Address:
- Recent utility bill (electricity, water, gas)
- Bank or credit card statement
- Government-issued residency document
⚠️ The document must be no older than three months and clearly show your name and residential address.
Selfie or Live Photo Verification:
- A clear photo of yourself holding your ID
- Or a live capture using your device’s camera during the upload process
Ensure all documents are legible, unedited, and not expired.
Understanding Bybit’s KYC Levels
Bybit offers multiple tiers of verification, each unlocking progressively greater benefits.
Basic Level (Unverified)
- Requirements: Email registration only
- Features: Limited trading options
- Withdrawal Limit: Low (typically under $2,000/day)
- Access: No futures, no fiat withdrawals
Ideal for testing the platform with minimal commitment.
Level 1 Verification (Lv.1)
- Requirements: ID upload + proof of address
- Features: Increased trading and withdrawal limits
- Daily Withdrawal Cap: Up to 1,000,000 USDT
- Access: Full spot trading, basic derivatives
Perfect for most retail traders looking to operate at scale.
👉 Discover how upgrading your account unlocks powerful trading tools.
Level 2 Verification (Lv.2)
- Requirements: ID, address proof, and possible video confirmation
- Features: Maximum withdrawal limits
- Daily Withdrawal Cap: Up to 2,000,000 USDT
- Access: All products including advanced derivatives, lending, and institutional-grade features
Recommended for high-volume traders and those using automated strategies like cryptobots.
Corporate Verification
- For: Businesses, funds, or legal entities
- Requirements: Company registration documents, ownership structure, beneficiary details
- Benefits: Dedicated account management, API access, custom liquidity solutions
- Processing Time: Up to 7 business days
Suitable for organizations seeking enterprise-level crypto infrastructure.
Step-by-Step Guide to Complete Verification
How to Complete Level 1 Verification
- Log In to Your Account
Access your Bybit account via the website or mobile app. - Navigate to Identity Verification
Go to User Center > Identity Verification > Level 1. - Enter Personal Information
Fill in your full name, date of birth, and residential address exactly as they appear on your ID. - Upload Identification Document
Choose your document type (passport, driver’s license, or ID card) and upload clear images of both sides. - Submit Proof of Address
Upload a recent utility bill or bank statement showing your name and address. - Complete Selfie Verification
Take a live photo of yourself or upload a selfie holding your ID. - Wait for Approval
Processing usually takes a few minutes to 24 hours. You’ll receive an email once verified.
How to Upgrade to Level 2
- Access Advanced Verification
From your dashboard, go to Verification > Advanced (Level 2). - Confirm Address Again
Re-upload a valid proof of address if your previous one has expired. - Additional Identity Confirmation
You may be prompted to record a short video or take additional photos for facial recognition. - Submit and Wait
Review team processes requests within 1–2 business days.
Frequently Asked Questions (FAQ)
Q: Can I use Bybit without completing verification?
A: Yes, but with significant limitations—lower withdrawal limits and restricted access to futures, lending, and fiat services.
Q: How long does Bybit verification take?
A: Most Level 1 verifications are completed within minutes. Level 2 may take up to 48 hours depending on volume.
Q: Which documents are accepted for ID verification?
A: Valid government-issued IDs such as passports, national ID cards, or driver’s licenses are accepted globally.
Q: Can I verify through the mobile app?
A: Yes—Bybit’s iOS and Android apps support full KYC processing with real-time photo capture.
Q: What should I do if my verification is rejected?
A: Ensure all documents are clear, current, and match the information you entered. If issues persist, contact support directly through the app or website.
Q: Is my personal data safe during verification?
A: Bybit uses encrypted systems and strict privacy policies to protect user data in compliance with international data protection laws.
Final Thoughts
Completing verification on Bybit isn’t just about ticking a box—it's a strategic step toward unlocking advanced trading capabilities, enhancing security, and ensuring regulatory compliance. Whether you're planning to trade futures, use crypto bots, or simply withdraw large amounts, passing KYC opens the door to a more powerful and protected experience.
By following this guide and preparing your documents in advance, you can complete the process smoothly and start leveraging all that Bybit has to offer.
👉 Take control of your crypto journey—verify securely and trade smarter today.