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Are you ready to unlock the full potential of your Bybit EU account? Completing know your customer (KYC) verification is the gateway to enhanced trading features, higher withdrawal limits, and exclusive benefits. And as a welcome bonus, those who complete Standard Verification receive a 5 EUR Fiat Deposit Fee Saver bonus.
Key Takeaways:
Complete Standard KYC to unlock essential features, including Spot trading and Earn products, and receive the 5 EUR Fiat Deposit Fee Saver bonus.
Two verification levels are available: Standard Verification is mandatory, while Advanced Verification offers higher withdrawal limits and additional features
KYC Verification typically takes between 15 minutes and 48 hours to be processed, depending upon document quality and verification tier.
Know your customer (KYC) is a crucial identity verification process that cryptocurrency exchanges like Bybit EU are legally required to implement. This regulatory compliance measure confirms user identities, enhances platform security and prevents financial crimes, such as money laundering and terrorist financing.
For Bybit EU users, KYC verification means providing official identification documents and completing security checks. While this adds an extra step to your account setup, it creates a safer trading environment and unlocks access to the full range of services and higher transaction limits.
Follow these steps to verify your identity:
Step 1: Open the Bybit EU App and log into your account.
Step 2: Tap on your Profile icon and click on Identity Verification.
Step 3: Choose your country or region of residence carefully, as this determines your verification requirements.
Step 4: Select either Standard (mandatory) or Advanced Verification, based on your trading needs, and then prepare the required documents:
Standard Verification requires a government-issued ID (passport, driver's license or national ID card), plus facial recognition scan.
Advanced Verification requires an additional Proof of Address document (utility bill, bank statement or government letter issued within the past three months).
Step 5: Follow the App's prompts to upload your documents.
Step 6: The App will guide you through a secure facial recognition process to match your ID.
Step 7: Verifications typically process within 15 minutes to 48 hours. Check your inbox for communications
The Bybit EU Web platform offers a similar user-friendly KYC process:
Step 1: Log into your Bybit EU account via web browser.
Step 2: Hover over your profile icon in the top-right corner of the page, and click on Complete Identity Verification Now.
Step 3: Review the different verification options available, and select the one you want to use.
Step 4: Choose your country or region of issue and select from one of the proof-of-identity documents, then click on Continue.
Step 5: Follow the on-screen instructions for an easy process, and then click on Ready to Go.
Step 6: You may be asked to go to mobile. Scan the QR code if prompted. Complete the on-screen instructions to finish your verification.
Step 7: Once your KYC application has been submitted, you'll receive confirmation, and you can track your verification status, which will be updated to reflect your completed verification level once you’re approved.
Bybit EU offers two individual verification types — Standard and Advanced KYC — which open you to a wealth of services, from Spot trading to Earn products. The key difference between the two is in the withdrawal limits.
Completing verification transforms your account from having restricted access to full platform functionality. Verified users gain access to premium services like credit card deposits, P2P trading and exclusive programs such as Launchpad and ByVotes, plus priority customer support for an enhanced trading experience.
Standard Verification is the mandatory baseline level required for all Bybit EU users. This level requires an identity assessment whereby you complete a brief questionnaire about your trading experience and intentions.
You'll need to upload proof of identity using a government-issued ID, such as a passport, driver's license or national ID card. Additionally, you must complete facial recognition biometric verification in order to confirm that your identity matches your documents.
Advanced Verification builds upon Standard verification and requires additional documentation. You must submit proof of address, such as a recent utility bill, bank statement or government correspondence dated within the past three months.
Certain regions may require additional verification steps based on local regulatory requirements. The platform will clearly indicate any extra steps needed during the verification process.
Following the guidelines listed below will help ensure quick approval and prevent common rejection issues:
Use accepted documents: Submit valid passports, national ID cards, or residence permits for identity. For address proof, use utility bills, bank statements, or government documents dated within the past three months.
Quality photos: Upload original, full-color documents, with all corners visible. Avoid screenshots, scans, or edited images. Ensure documents are clear, undamage,d and readable.
Match information: Verify that your name, date of birth, and address exactly match those in your profile and documents. All text must be clearly visible.
Face recognition: Complete facial scanning in good lighting, with only yourself in the frame. Follow on-screen prompts carefully, and ensure your facial scan matches your ID photo.
Regional requirements: Use documents issued within the European Economic Area (EEA), excluding Malta. Documents must display Latin characters or use an international passport.
Avoid multiple attempts: Wait 24 hours between resubmissions if your application is rejected more than five times daily. Only one account per person is allowed.
KYC verification on Bybit EU typically takes between 15 minutes and 48 hours, depending upon document quality and verification complexity. Standard Verifications with clear documentation quickly process through our automated systems.
Advanced Verification or cases requiring additional due diligence may take up to 72 hours to be processed. If verification exceeds expected time frames, please contact customer support for updates. You'll receive an email notification of your results, and can check the status on your account's Identity Verification page.
Successfully completing KYC verification on Bybit EU unlocks full platform access with enhanced security, higher limits and exclusive benefits. Standard Verification is mandatory and provides essential trading features, plus the 5 EUR Fiat Deposit Fee Saver benefit, while Advanced Verification offers higher withdrawal limits for expanded functionality.
Prepare quality documents, follow instructions carefully and start your verification today to unlock the complete Bybit EU trading experience and claim your 5 EUR Fiat Deposit Fee Saver bonus.
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