What documents are required by Bybit for account opening and verification? Table of Contents

Bybit requires Verification of Identity

Identity authentication means verifying the identity of the customer (know your customer).

Financial services identity authentication standards require professionals to verify the identities of relevant accounts and conduct suitability and risk assessments, thereby reducing the risks involved.

In order to ensure that the identities of all traders meet security requirements.

Go to Bybit’s Official Website

Who should verify the account with documents?

If you want to have a daily withdrawal limit of more than 2 bitcoins, you need to complete identity verification.

The daily withdrawal limit corresponding to each identity authentication level is as follows:

Identity Authentication Level Level 0 (No document required) Level 1 level 2
Daily withdrawal limit 2 bitcoins 50 bitcoins 100 bitcoins

The withdrawal limit is equivalent to the Bitcoin index price.

Note: You may receive an authentication request from Bybit.

Log in to Bybit’s Client Portal

How to complete the first level verification?

You can follow the steps below:

  1. Click on “Accounts and Security” in the upper right corner of the page;
  2. Enter “Certify Now”;
  3. Click “Proof of Identity Verification”;
  4. Required information:
    • Passport/ID document issued by the country of origin.
    • Full name.
    • Date of birth.
    • Front and back photos of the document.
    • Complete face recognition.

Depending on the complexity of the document certification, it can take up to 48 hours.

Complete the First Level Verification

How to complete the second level verification?

After passing the first level of identity authentication, you can follow the steps below to complete the second level of authentication:

  1. Click on ” Accounts and Security ” in the upper right corner of the page;
  2. Go to “Authentication”;
  3. Select “Personal”;
  4. Enter the secondary authentication interface of identity authentication;
  5. Documents required is Proof of address

Bybit accepts the following proof of address:

  • Public service bill;
  • Bank statements;
  • Proof of residential address issued by the government.

Bybit does not accept the following documents as proof of address:

  • Government-issued ID card/driver’s license/passport;
  • Cell phone bill;
  • Insurance documents;
  • Bank transaction receipt;
  • Bank or company introduction letter;
  • Handwritten invoice/receipt.

After the material is certified by Bybit, you will receive a certification notification email, and your daily withdrawal limit will be increased to 100 bitcoins.

The information you submit will be used for identity verification. Bybit will keep your personal information confidential.

Complete the Second Level Verification

Required documents for Corporate accounts

In case you have opened a corporate (company) account, you need to email the certification materials to Bybit.

Scanned copies of the following documents must be attached to the mail:

  • Company registration certificate.
  • Articles of Association or Memorandum of Organization.
  • List of shareholders and board of directors.
  • Passport/ID and proof of address of the ultimate beneficial owner (UBO) who owns more than 20% of the company’s equity (valid within three months).
  • If it is different from the ultimate beneficial owner, please provide the information of a director (passport/ID and proof of address valid within three months).
  • If it is different from the ultimate beneficial owner, please provide the account operator/trader’s information (passport/ID and proof of address valid within three months).

After the material is certified by Bybit, you will receive a certification notification email, and your daily withdrawal limit will be increased to 100 bitcoins.

The information you submit will be used for company and personal identity authentication.

Bybit will keep the organization and personal information you submit confidentially.

Go to Bybit’s Official Website