Bybit Account Verification Process Overview

Bybit is a popular cryptocurrency exchange known for its robust derivatives trading platform, though it also offers extensive spot trading services. This overview details the essential aspects of using the platform, from core features to account verification. To begin your journey, you can Register here.

Core Features of Bybit

Bybit offers a comprehensive suite of services catering to both novice and experienced traders.

**Derivatives Trading:** Historically, Bybit gained prominence for its perpetual and fixed-term futures contracts.
**Spot Trading:** Users can buy, sell, and trade a wide array of cryptocurrencies directly on the spot market.
**Earn Products:** Staking, lending, and other yield-generating products are available for users holding assets on the platform.
**NFT Marketplace:** An integrated marketplace for trading non-fungible tokens.

Fees Structure

Bybit employs a tiered fee structure based on the user's 30-day trading volume and their BNB holdings (if applicable to specific fee calculations, though generally based on VIP level). Fees are typically lower for market makers (those providing liquidity) than for market takers (those removing liquidity).

Tier	Spot Maker Fee	Spot Taker Fee
VIP 0	0.10%	0.10%
VIP 1	0.08%	0.10%

Futures trading fees are generally lower than spot trading fees and vary based on whether the position is leveraged or not.

Supported Assets

The exchange supports a large and growing catalog of digital assets. This includes major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as numerous altcoins across various trading pairs. Users can view the full list of available assets on the platform's trading pages.

Spot and Futures Trading Basics

Trading on Bybit primarily occurs in two environments:

**Spot Trading:** Involves the immediate exchange of one cryptocurrency for another (e.g., BTC for USDT).
**Derivatives Trading (Futures):** Involves trading contracts whose value is derived from an underlying asset. This often involves leverage, allowing traders to control large positions with smaller amounts of capital. Users may utilize a Unified Margin Account for managing collateral across various derivatives products. For detailed guidance on leveraged trading, consult the Bybit Margin Trading Guide and information on Bybit Margin Trading.

Order Types

Bybit supports standard order types necessary for managing risk and executing trades precisely:

Limit Order: An order to buy or sell at a specific price or better.
Market Order: An order to execute immediately at the best available current price.
Stop-Limit and Conditional Orders: More advanced types allowing execution only when certain price conditions are met.

Liquidity and Markets

Bybit markets generally exhibit high liquidity, especially for major pairs like BTC/USDT and ETH/USDT. High liquidity ensures that large orders can be filled quickly without causing significant price slippage, which is visible in the depth of the order book.

Security Practices

Security is a paramount concern for crypto exchanges. Bybit implements several layers of protection:

Two-Factor Authentication (2FA).
Cold storage for the vast majority of user assets.
Anti-phishing codes.
Withdrawal whitelisting.

KYC Requirements and Limits

Bybit implements a Know Your Customer (KYC) verification process, which dictates the withdrawal and trading limits users are subject to.

**Unverified Accounts (Level 0):** Typically have very low daily withdrawal limits.
**Intermediate Verification (Level 1):** Requires basic identification documents and significantly increases daily withdrawal limits.
**Pro Verification (Level 2):** Requires more detailed verification and offers the highest trading and withdrawal capacities.

Completing verification is necessary to access maximum platform functionality.

Funding and Withdrawals

Users fund their accounts via cryptocurrency deposits or by purchasing crypto directly with fiat currency through integrated payment partners (where available). Withdrawals are processed according to network confirmation times and internal processing schedules. It is crucial to double-check withdrawal addresses and ensure 2FA is active before initiating any transfer.

Mobile and Web User Experience (UX)

Bybit offers a cohesive experience across its web platform and dedicated mobile applications (iOS and Android). The interface is generally regarded as intuitive, designed to handle complex trading charts and order entry efficiently across both desktop and mobile screens.

Risks and Responsible Trading

Trading cryptocurrencies, especially derivatives involving leverage, carries significant risk. Users can lose their entire investment. It is crucial to understand the mechanics of margin calls, liquidation prices, and to only trade with funds one can afford to lose. Responsible trading involves setting stop-loss orders and maintaining strict risk management protocols.

First Steps Checklist

Before placing your first trade on Bybit, ensure you have completed the following:

Complete registration Register here.
Enable Two-Factor Authentication (2FA).
Deposit the desired cryptocurrency or fiat currency.
Complete at least Intermediate (Level 1) KYC if high withdrawal limits are needed.
Familiarize yourself with the Order book and practice placing a small Limit order in the Spot market.

Recommended Futures Trading Platforms

Platform	Futures perks & welcome offers	Register / Offer
Binance Futures	Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days	Sign up on Binance
Bybit Futures	Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks	Start on Bybit
BingX Futures	Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount	Join BingX
WEEX Futures	Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees	Register at WEEX
MEXC Futures	Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD)	Join MEXC

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Bybit Account Verification Process

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