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As part of our continued efforts to improve the security and compliance of our platform, Bybit will be introducing some changes to its KYC levels from Dec 15, 2022 onwards.

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. 

After completing KYC verification, you can enjoy our Earn products, as well as gain exclusive access to promotions and events such as Launchpad. 

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 

Let’s have a look at the updated withdrawal limits for various KYC levels that Bybit offers.

 — Daily withdrawal limit of 20K USDT. Monthly withdrawal limit of 100K USDT.

 — Daily withdrawal limit of 1M USDT. No limit on monthly withdrawal.

 — Daily withdrawal limit of 2M USDT. No limit on monthly withdrawal.

Wait no more! It's time to level up your trading experience and enjoy unrestricted access to Bybit's products and services.

Enhanced KYC Policy To Be Implemented After Dec 15, 2022

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