What is the KYC process like on Bybit?

The Know Your Customer (KYC) process on Bybit involves several steps to verify the identities of its users in compliance with regulatory standards. Initially, users need to create an account providing basic information such as an email address or phone number. For further verification and to enhance account security, Bybit requires users to submit government-issued identification, such as a passport or an ID card, along with proof of residence, which could be a utility bill or a bank statement. This process is important as it helps prevent fraud, money laundering, and other illegal activities. Bybit may also implement additional measures such as biometric verification for enhanced security. Once users complete these steps and their information is verified, they can fully engage in all the services offered by the platform.