Know Your Customer (KYC) is a set of procedures that require financial institutions and crypto exchanges to verify the identity of their customers. Bybit Indonesia 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 trading and Earn products, as well as gain exclusive access to promotions and events. KYC verification is also necessary to attain higher withdrawal thresholds.
The table below states the services that can be used under different KYC levels.
*Notes:
— Only Identity verified users will be eligible for crypto withdrawals. Users with Advanced Individual Verification and Business Verification as well as VIP users are entitled to a higher withdrawal limit. For more information, please refer to FAQ — Individual KYC.
— For crypto withdrawals made via internal transfer, the transfer will be restricted if your recipient has not completed KYC verification.
— Standard Individual KYC will be required before users can claim their rewards from Rewards Hub.
— Users can only complete either Individual or Business verification on their account.
— To learn more on how to complete your KYC verification, please refer to the following articles: