can i deposit on bybit without verification

Bybit allows users to deposit funds without verification by enabling "Unverified Trading," but this feature has limitations, including a daily withdrawal limit of 2 BTC and potential additional security checks.

Oct 28, 2024 at 11:00 am

How to Deposit on Bybit Without Verification

Overview:

Bybit is a popular cryptocurrency exchange that offers a variety of trading features. While it typically requires user verification for security reasons, it is possible to deposit funds into your account without completing the verification process.

Steps:

1. Create an Account:

• Visit the Bybit website and click "Sign Up."
• Provide a valid email address and create a password.
• Agree to the terms and conditions.

2. Enable Unverified Trading:

• After creating your account, log in and go to your "Settings."
• Under the "Account & Security" tab, find the "Unverified Trading" option.
• Enable Unverified Trading by switching the toggle button to "On."

3. Deposit Funds:

• Go to the "Assets" page in your Bybit account.
• Click "Deposit" and select the cryptocurrency you want to deposit.
• Copy the provided deposit address or scan the QR code.
• Send the funds from your external wallet or exchange to the Bybit deposit address.

4. Confirm Deposit:

• Wait for the transaction to be processed by the Bybit network.
• Once the deposit is confirmed, you can view it in your Bybit wallet.

Limitations:

• Unverified accounts have a daily withdrawal limit of 2 BTC.
• Withdrawals may be subject to additional security checks.
• Unverified accounts cannot participate in some Bybit promotions and events.
• Bybit may disable Unverified Trading at any time.

Additional Notes:

• Completing the verification process is recommended for enhanced security and access to all Bybit features.
• Verifying your account requires submitting personal information, including ID documents and proof of address.
• It is important to use caution when depositing funds into an unverified account, as there is an increased risk of fraud or theft.