How does a verified bybit account work?

A verified Bybit account confirms the validity and identification of platform users through a Know Your Customer (KYC) process. Users must give personal information, documents such as a government-issued ID, proof of address, and even a selfie with their ID and a handwritten note with the current date. To comply with anti-money laundering requirements, the verification process include presenting documents, conducting facial recognition, and giving correct and up-to-date data. After the verification is performed successfully, clients’ accounts are assigned a unique verification ID, allowing them to safely access all Bybit services and benefits. Verified accounts have larger withdrawal limits and access to more advanced services like high leverage trading and insurance money, which improves site security and confidence.