Personal KYC Frequently Asked Questions

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Verifying your identity through Know Your Customer (KYC) procedures is a crucial step when using digital asset platforms. This guide breaks down everything you need to know about personal KYC, from its purpose and benefits to the verification process, document requirements, and common issues users face.

What Is KYC?

KYC, or Know Your Customer, is a standard practice across financial services that requires institutions to verify the identity of their users. The goal is to ensure security, comply with regulations, and assess user suitability and risk levels. On cryptocurrency exchanges like Bybit, KYC helps prevent fraud, money laundering, and other illicit activities while enhancing user protection.

👉 Discover how secure identity verification can unlock full platform access today.

Which Services Require Personal KYC?

All products and services on major crypto platforms require at least standard-level KYC. Depending on your region or the specific product—such as fiat deposits, derivatives trading, or staking—you may need to complete advanced or professional verification tiers. Higher verification levels unlock greater functionality and higher transaction limits.

Daily Withdrawal Limits by KYC Level

Completing KYC significantly increases your withdrawal capacity. Below are the key thresholds based on verification level:

VIP and PRO account holders enjoy even higher limits, scaling up to 30 million USDT daily for top-tier PRO 6 accounts.

Note:

  • Daily limits reset every 24 hours at midnight UTC.
  • Monthly limits (if applicable) reset on the first day of each month.
  • All withdrawal amounts are calculated in USD equivalent value.
  • Platforms reserve the right to request KYC before processing large withdrawals.

How to Complete Personal KYC Verification

The process typically involves three main steps:

  1. Upload a valid government-issued ID (e.g., passport, national ID card).
  2. Provide proof of address (for advanced verification).
  3. Complete a live selfie or facial recognition check.

Once submitted, most verifications are processed within 15 minutes, though complex cases may take up to 48 hours.

Required Information by Verification Tier

Certain jurisdictions may have additional requirements due to local compliance rules.

Why Is KYC Important?

There are several compelling reasons why completing KYC benefits users:

  1. Regulatory Compliance & Security: Ensures the platform adheres to global anti-money laundering (AML) standards.
  2. Fraud Prevention: Helps detect and block suspicious or unauthorized activity early.
  3. Higher Transaction Limits: Unlock significantly increased deposit and withdrawal capacities.
  4. Access to Premium Features: Eligibility for Launchpad projects, savings products, and fiat gateways.
  5. Account Recovery Support: Verified users can recover access more easily if login credentials are lost.

👉 See how fast and secure identity verification opens doors to exclusive crypto opportunities.

Can Sub-Accounts Be Verified?

No. Only the main account can undergo KYC verification. Sub-accounts inherit the permissions and limits of the verified primary account but cannot be independently authenticated.

How Is Your Personal Data Used?

User privacy is a top priority. All personal information submitted during KYC is encrypted and securely stored. It is used solely for identity verification and service improvement purposes. Bybit does not share this data with third parties for marketing or promotional use.

Common Reasons for KYC Rejection

Even with careful submission, applications can be declined. Common causes include:

If your application fails, you can retry up to five times within 24 hours. After that, a 24-hour cooling period applies before reapplying.

Updating KYC Information

You can update your verified details if:

To make changes, visit the Identity Verification page and click “Update.” Processing typically takes around two hours.

Accepted Identity and Address Documents

Valid ID Types:

Documents must be issued by your country of origin and include: name, photo, date of birth, document number, and issue date.
Not accepted: Student visas, work visas, tourist visas, or domestic passports.

Valid Proof of Address:

Must be dated within the last three months and show full name and residential address. Acceptable forms include:

Not Accepted as Proof of Address:

Frequently Asked Questions

Q: Can I have multiple KYC-verified accounts?
A: No. Each user is limited to one verified Bybit account. Attempting to verify multiple accounts with the same ID will result in rejection.

Q: Can I use different names for standard and advanced KYC?
A: No. The name used must be consistent across all verification stages and match your official documents exactly.

Q: How long does KYC take to process?
A: Most verifications complete within 15 minutes. In rare cases, it may take up to 48 hours depending on system load or document complexity.

Q: What if my KYC doesn’t go through after 48 hours?
A: Contact customer support via the official help center. You’ll receive an automated email with a ticket number, and a representative will respond within one business day.

Q: Does nationality affect my eligibility?
A: Yes. Access is determined by your nationality, not current residence, to comply with international regulations.

Q: Can I submit digital copies of my documents?
A: No. Only physical documents are accepted. Screenshots, scans, or photos of digital IDs are not permitted.

👉 Start your secure journey now—verify once and gain instant access to powerful crypto tools.