Know Your Customer (KYC) is a set of procedures that require financial institutions and crypto exchanges to verify the identity of their customers. Bybit Georgia uses KYC to identify customers and analyze their risk profiles. This verification helps prevent money laundering and financing of illicit activities.
After completing KYC verification, you can enjoy our Buy Crypto services and trading products, as well as gain exclusive access to promotions and events. KYC verification is also necessary to attain higher withdrawal thresholds.
The table below states the services that can be used under different KYC levels.
|
|
|
Non KYC |
Individual Verification (Standard) |
Individual Verification (Advanced) |
|
Deposit |
Crypto Deposit |
⨯ |
✔ |
✔ |
|
Fiat Deposit |
⨯ |
✔ |
✔ | |
|
Withdrawal |
Crypto Withdrawal |
Daily Limit ≤20K USDT
≤100K USDT (Withdrawal is not affected for Non-KYC users.) |
Daily Limit ≤1M USDT
|
Daily Limit ≤2M USDT
|
|
Fiat Withdrawal |
⨯ |
✔ |
✔ | |
|
Buy Crypto |
Credit Card Payment |
⨯ |
✔ |
✔ |
|
Third-Party Payment Channel |
⨯ |
✔ |
✔ | |
|
Trade |
Spot Trading |
⨯ |
✔ |
✔ |
|
Rewards Hub |
Claim Rewards |
⨯ |
✔ |
✔ |
*Notes:
— Users can withdraw up to 20K equivalent USDT daily, and up to 100K equivalent USDT per month while Identity verified and VIP users will be entitled to a higher withdrawal limit. For more information, please refer to FAQ — Individual KYC.
— For crypto withdrawals made via internal transfer, the transfer will be restricted if your recipient has not completed KYC verification.
— For all Buy Crypto transactions exceeding a certain limit, Advanced Individual KYC may be required.
— Standard Individual KYC will be required before users can claim their rewards from Rewards Hub.
— To learn more on how to complete your KYC verification, please refer to this article.