What is Bybit KYC?

What Is KYC? Know Your Customer (KYC) is a set of procedures that require financial institutions and crypto exchanges to verify the identity of their customers. Bybit uses KYC to identify customers and analyze their risk profiles. This verification helps prevent money laundering and financing of illicit activities.

What is Know Your Customer (KYC)?

Know Your Customer (KYC) means that an organization or governing body requests proof of identity before allowing an individual to conduct transactions with them. It’s a process by which organizations collect and verify the identities of their clients, and can screen them for any criminal activity.

Will KYC be required after Dec 15 2022?

After Dec 15, 2022, KYC will also be required for fiat on-ramp (Buy Crypto / P2P) services, claiming rewards in the Rewards Hub, and the depositing/withdrawing/trading of NFTs. More services on Bybit may require KYC verification in the future. Please look out for any updates on Bybit Announcements.

How long does it take by bit to reply to KYC?

I’m trying to make a withdrawal from by bit and they are asking for kyc when they claim not to have kyc now my funds are locked for 5 days until my kyc can be checked and they say it can take upto 96 hours to reply to an email will definitely be avoiding by bit in the future so much for no kyc