{"id":18359,"date":"2022-04-27T09:48:18","date_gmt":"2022-04-27T09:48:18","guid":{"rendered":"https:\/\/yourcryptolibrary.com\/?post_type=exchange&#038;p=18359"},"modified":"2023-11-20T16:18:26","modified_gmt":"2023-11-20T16:18:26","slug":"bybit-exchange","status":"publish","type":"exchange","link":"https:\/\/yourcryptolibrary.com\/nl\/exchange\/bybit\/bybit-exchange\/","title":{"rendered":"ByBit Exchange"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18359\" class=\"elementor elementor-18359\" data-elementor-post-type=\"exchange\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dc3c49d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dc3c49d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7882ca3\" data-id=\"7882ca3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1cbe04b elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"1cbe04b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__1cbe04b\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__1cbe04b\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__1cbe04b\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b4d824b elementor-widget elementor-widget-text-editor\" data-id=\"6b4d824b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"font-weight: 400;\">What is the history of the exchange ByBit?<\/span><\/h2><p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/04\/ByBit-Founder.png\" alt=\"\" width=\"512\" height=\"269\" \/><\/p><p><span style=\"font-weight: 400;\">Ben Zhou co-founded Bybit in 2018 and is also the CEO of the exchange. He has previously worked for XM Forex brokers as general manager for the Greater China region. Ben noticed not only the potential of crypto trading but also the factors that were lacking for a better trading experience.<\/span><\/p><h3><span style=\"font-weight: 400;\">Where is the ByBit exchange located?<\/span><\/h3><p><span style=\"font-weight: 400;\">The company is headquartered in Singapore but is widely used around the world. The platform was developed with the vision to improve the standards for crypto derivative exchanges.<\/span><\/p><h3><span style=\"font-weight: 400;\">Do you need to complete account verification &#8211; KYC on ByBit?<\/span><\/h3><p><span style=\"font-weight: 400;\">On Bybit, KYC verification is only required if you want to withdraw more than 2 BTC a day. You need not verify if you do not wish to withdraw more than 2 BTC a day. More info can be found here:\u00a0<\/span><a style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); background-color: #ffffff; font-size: 1rem;\" href=\"https:\/\/help.bybit.com\/hc\/en-us\/articles\/4403073358489-Individual-KYC-FAQ\">Individual KYC FAQ \u2013 Bybit Official Help<\/a><\/p><h4 style=\"font-family: var( --e-global-typography-primary-font-family ), Sans-serif; font-weight: var( --e-global-typography-primary-font-weight );\">What is KYC?<\/h4><p>KYC (know your customer) guidelines ensure a secure trading experience. The guidelines require financial services to verify the customer&#8217;s identity, suitability and risk involved, which helps in reducing the risk for a particular account.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52398ab elementor-align-center elementor-widget elementor-widget-button\" data-id=\"52398ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.bybit.com\/en-US\/register?affiliate_id=20819&#038;group_id=0&#038;group_type=1\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Create ByBit Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2bf4a31 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2bf4a31\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-15aacca\" data-id=\"15aacca\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-080df66 elementor-widget elementor-widget-video\" data-id=\"080df66\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=gdQ0wJ6fFg8&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-38c0eab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"38c0eab\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a12145e\" data-id=\"a12145e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a455027 elementor-widget elementor-widget-text-editor\" data-id=\"a455027\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>How to submit a request for verification on ByBit?<\/h2><h3>Level 1\u00a0<\/h3><ol><li aria-level=\"1\">Click on &#8220;Account &amp; Security,&#8221; which is located in the upper right-hand corner of the page\u00a0<\/li><li aria-level=\"1\">Click on Account Information&gt; Identify Verification&gt; Verify now\u00a0<\/li><li aria-level=\"1\">After clicking on &#8220;Verify Now,&#8221; you will need to provide certain information:\u00a0<\/li><\/ol><ul><li aria-level=\"1\">Document issued by the country of origin (passport\/ID)\u00a0<\/li><li aria-level=\"1\">Facial recognition screening\u00a0<\/li><\/ul><h3>Level 2\u00a0<\/h3><ol><li aria-level=\"1\">Click on &#8220;Account &amp; Security,&#8221; which is located in the upper right-hand corner of the page\u00a0<\/li><li aria-level=\"1\">Click on Account Information&gt; Identify Verification&gt; Verify now\u00a0<\/li><li aria-level=\"1\">After clicking on &#8220;Verify Now&#8221; under Lv.2 Residency Verification you will need to provide proof of residential address.<\/li><\/ol><div>\u00a0<\/div><p><i>Note: You need to make sure your full name and date of birth are clearly visible on the provided document. Also, ensure that your ID has not been modified anyway and that all the details are precise. For the customer&#8217;s convenience, they can upload any file format.<\/i>\u00a0<i>The KYC verification may take up to 48 hours to receive confirmation. Once all the documents are verified, you will receive an approval email.<\/i><\/p><h3>What are the KYC limits on Bybit?<\/h3><p>There are two levels of verification with their respective withdrawal limits, as shown in the table below.<\/p><ul><li><i>KYC level 0 has a daily withdrawal limit of 2BTC<\/i><\/li><li><i>Level 1 has a daily withdrawal limit of 50 BTC<\/i><\/li><li><i>Level 2 has a daily withdrawal limit of 100 BTC<\/i><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dc24c83 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dc24c83\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-37e15e2\" data-id=\"37e15e2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b27af4b elementor-widget elementor-widget-spacer\" data-id=\"b27af4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cfae9c9 elementor-headline--style-highlight elementor-widget elementor-widget-animated-headline\" data-id=\"cfae9c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;highlighted_text&quot;:&quot;Rewards \\ud83d\\udcb8\\u200b&quot;,&quot;headline_style&quot;:&quot;highlight&quot;,&quot;marker&quot;:&quot;circle&quot;,&quot;loop&quot;:&quot;yes&quot;,&quot;highlight_animation_duration&quot;:1200,&quot;highlight_iteration_delay&quot;:8000}\" data-widget_type=\"animated-headline.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 class=\"elementor-headline\">\n\t\t\t\t\t<span class=\"elementor-headline-plain-text elementor-headline-text-wrapper\">\ud83d\udcb8 Bybit New Deposit <\/span>\n\t\t\t\t<span class=\"elementor-headline-dynamic-wrapper elementor-headline-text-wrapper\">\n\t\t\t\t\t<span class=\"elementor-headline-dynamic-text elementor-headline-text-active\">Rewards \ud83d\udcb8\u200b<\/span>\n\t\t\t\t<\/span>\n\t\t\t\t<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c3c9997 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c3c9997\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b9fcb16\" data-id=\"b9fcb16\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-032f36f elementor-widget elementor-widget-text-editor\" data-id=\"032f36f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\"><u>\ud83d\ude80 Bybit is supercharging your trading experience with a exclusive depositors campaign! \ud83d\udcb8<\/u><\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">The rules:<\/span><\/p><p><span style=\"font-weight: 400;\">\ud83d\udd39 Deposit $100, trade $500, and Bybit will reward you with a <\/span><b>$10 bonus<\/b><span style=\"font-weight: 400;\">! \ud83c\udf81<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">\ud83d\udd39 Deposit $500, trade $800, and Bybit will boost your account with a <\/span><b>$20 bonus<\/b><span style=\"font-weight: 400;\">! \ud83c\udf89<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">\ud83d\udd39 Deposit $1000, trade $2000, and Bybit will gift you a <\/span><b>$50 bonus<\/b><span style=\"font-weight: 400;\">! \ud83d\udcb0<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">\ud83d\udd39 Deposit $3000, trade $6000, and receive a whopping <\/span><b>$100 bonus<\/b><span style=\"font-weight: 400;\"> from Bybit! \ud83c\udfc6<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">\ud83d\udd39 And for our high rollers: Deposit $10,000, trade $40,000, and Bybit will top you off with a massive <\/span><b>$350 bonus<\/b><span style=\"font-weight: 400;\">! \ud83d\ude80<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">If you were planning to check Bybit out! You get a nice first deposit reward! But remember, trading comes with a risk and responsible trading is always your top priority.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-01bcd17\" data-id=\"01bcd17\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f61e27e elementor-widget elementor-widget-image\" data-id=\"f61e27e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.bybit.com\/en-US\/register?affiliate_id=20819&#038;group_id=0&#038;group_type=1\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"768\" src=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/04\/\ud83d\udce3_Attention_crypto_enthusiasts_\ud83d\ude80_Bybit_is_supercharging_your_trading_experience_with_a_phenomenal_new_depositors_campaign_\ud83d\udcb8_insert_the_words__Deposit_Reward_Campaign-768x768.jpg\" class=\"attachment-medium_large size-medium_large wp-image-29791\" alt=\"ByBit Deposit Reward\" srcset=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/04\/\ud83d\udce3_Attention_crypto_enthusiasts_\ud83d\ude80_Bybit_is_supercharging_your_trading_experience_with_a_phenomenal_new_depositors_campaign_\ud83d\udcb8_insert_the_words__Deposit_Reward_Campaign-768x768.jpg 768w, https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/04\/\ud83d\udce3_Attention_crypto_enthusiasts_\ud83d\ude80_Bybit_is_supercharging_your_trading_experience_with_a_phenomenal_new_depositors_campaign_\ud83d\udcb8_insert_the_words__Deposit_Reward_Campaign-300x300.jpg 300w, https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/04\/\ud83d\udce3_Attention_crypto_enthusiasts_\ud83d\ude80_Bybit_is_supercharging_your_trading_experience_with_a_phenomenal_new_depositors_campaign_\ud83d\udcb8_insert_the_words__Deposit_Reward_Campaign-150x150.jpg 150w, https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/04\/\ud83d\udce3_Attention_crypto_enthusiasts_\ud83d\ude80_Bybit_is_supercharging_your_trading_experience_with_a_phenomenal_new_depositors_campaign_\ud83d\udcb8_insert_the_words__Deposit_Reward_Campaign-12x12.jpg 12w, https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/04\/\ud83d\udce3_Attention_crypto_enthusiasts_\ud83d\ude80_Bybit_is_supercharging_your_trading_experience_with_a_phenomenal_new_depositors_campaign_\ud83d\udcb8_insert_the_words__Deposit_Reward_Campaign.jpg 1024w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"author":4,"featured_media":18361,"parent":11833,"menu_order":0,"template":"","categories":[240],"tags":[],"class_list":["post-18359","exchange","type-exchange","status-publish","has-post-thumbnail","hentry","category-exchanges"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ByBit Exchange | Crypto Exchange | YourCryptoLibrary<\/title>\n<meta name=\"description\" content=\"The Bybit exchange is an upcoming Asian platform that wants to change the cryptocurrency derivatives market. 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