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

Bybit Mandates Verification of Identity

Identity authentication, otherwise known as the “know your customer” process, necessitates the validation of a customer’s identity.

Standards for identity authentication within financial services require professionals to confirm the identities tied to relevant accounts. This process also involves conducting suitability and risk assessments, which aids in mitigating the associated risks.

This authentication is undertaken to ensure that the identities of all traders adhere to requisite security standards.

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Who Needs to Verify Their Account with Documents?

If you wish to increase your daily withdrawal limit beyond 2 bitcoins, you must complete identity verification.

The corresponding daily withdrawal limit for each level of identity authentication 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 corresponds to the Bitcoin index price.

Note: Bybit may send you an authentication request.

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How Can You Complete the First Level Verification?

To complete the first level verification, please follow these steps:

  1. Click on “Accounts and Security” in the upper right corner of the page;
  2. Click “Certify Now”;
  3. Click “Proof of Identity Verification”;
  4. Provide the required information:
    • Your Passport/ID document issued by your country of origin.
    • Your full name.
    • Your date of birth.
    • Front and back photos of your identification document.
    • Complete facial recognition.

The document certification process can take up to 48 hours, depending on its complexity.

Complete the First Level Verification

How Can You Complete the Second Level Verification?

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

  1. Click on ” Accounts and Security ” in the upper right corner of the page;
  2. Proceed to “Authentication”;
  3. Select “Personal”;
  4. Access the secondary authentication interface of identity authentication;
  5. Provide proof of address as a required document.

Bybit accepts the following documents as proof of address:

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

However, 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.

Once Bybit verifies your submitted documents, 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 solely for identity verification purposes. Bybit will treat your personal information with utmost confidentiality.

Complete the Second Level Verification

Required Documents for Corporate Accounts

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

You must attach scanned copies of the following documents in the email:

  • 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 the director is different from the ultimate beneficial owner, please provide the director’s information (passport/ID and proof of address valid within three months).
  • If the account operator/trader 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).

Once Bybit verifies the submitted materials, you will receive a certification notification email, and your daily withdrawal limit will be increased to 100 bitcoins.

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

Rest assured, Bybit will handle both your organizational and personal information with complete confidentiality.

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