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can i withdraw from bybit without kyc
Despite KYC requirements, Bybit enables users to withdraw up to 2 BTC per 24 hours without completing the verification process.
Oct 27, 2024 at 08:36 pm
Can I Withdraw from Bybit Without KYC?
1. KYC Requirements on Bybit
Know Your Customer (KYC) is a regulatory requirement that exchanges must follow to verify the identities of their users. Bybit requires users to complete KYC Level 1 to withdraw funds. KYC Level 1 involves providing personal information such as name, date of birth, and contact details.
2. Withdrawing Without KYC
While KYC is mandatory for withdrawals, there are some exceptions. Users can withdraw a maximum of 2 BTC per 24 hours without KYC. This limit applies to all withdrawal methods, including cryptocurrencies and fiat currencies.
3. Withdrawals Above 2 BTC
To withdraw more than 2 BTC per day, users must complete KYC Level 2. KYC Level 2 requires providing additional documents such as a government-issued ID and proof of address.
4. Other Restrictions Without KYC
In addition to the withdrawal limit, users without KYC may face other restrictions:
- Limited deposit methods
- Reduced margin trading leverage
- Inability to use certain features
5. Advantages of Completing KYC
Completing KYC has several benefits:
- Increased withdrawal limits: Users can withdraw up to $100,000 equivalent per day with KYC Level 2.
- Access to full platform functionality: KYC users enjoy access to all features and services on Bybit.
- Enhanced security: KYC helps prevent fraud and money laundering.
6. Conclusion
While Bybit does allow users to withdraw a limited amount without KYC, it is highly recommended to complete KYC for increased limits, access to full platform functionality, and enhanced security.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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