can i trade on bybit without verification

Unverified ByBit accounts have withdrawal limits of $5,000 daily, $10,000 weekly, and $20,000 monthly, with potential restrictions on trading pairs and special features.

Oct 28, 2024 at 02:26 pm

Can I Trade on ByBit Without Verification?

Yes, you can trade on ByBit without completing account verification. However, there are certain restrictions that apply to unverified accounts.

Limitations of Unverified Accounts

Withdrawal Limits:

• Daily: Max $5,000
• Weekly: Max $10,000
• Monthly: Max $20,000

Trading Pair Restrictions:

• Certain trading pairs may only be available to verified users.

Special Features:

• Access to certain features like fiat deposits and advanced trading tools may be reserved for verified accounts.

Benefits of Account Verification

By completing account verification, you can remove the withdrawal limits and gain access to all trading pairs and special features. Additionally, you may benefit from:

• Increased security: Verification helps ensure the legitimacy of account holders, reducing the risk of fraud and abuse.
• Enhanced customer support: Verified users may receive faster and more personalized support from ByBit's customer service team.

How to Verify Your Account

To verify your ByBit account, you will need to provide the following documents:

1. Government-issued ID: Passport, driver's license, or national ID card.
2. Proof of address: Utility bill, bank statement, or rental agreement.

Follow these steps to verify your account:

1. Log in to ByBit.
2. Click on "Profile" in the top right corner.
3. Select "Security."
4. Click on "Verify Now."
5. Upload the required documents.

The verification process usually takes within 24 hours. Once verified, you will have access to the full functionality of ByBit.

Conclusion

While you can trade on ByBit without account verification, doing so imposes withdrawal limits and restricts access to certain trading pairs and features. It is recommended to complete account verification as soon as possible to enjoy the full benefits of ByBit's platform.