The withdrawals limit increases as the user’s status in the KYC procedure increases.
Existing users would be restricted to canceling active positions or even withdrawals.
Bybit is actively advocating for stricter regulations, and it expects its users to do the same. The terms of service for the exchange stipulate that by May 8th, 2023, all users of the exchange’s services must have passed the basic Know-Your-Customers (KYC) process on the trading platform.
Moreover, existing users would be restricted to canceling active positions or orders, repaying loans, or withdrawing funds. If they have not completed identity verification at Level 1 (Lv.1) by the end of the specified day.
The exchange stated:
“Any new trading activities will be restricted. Once the Identity Verification is completed, existing users can continue to use Bybit products and services.”
Steps Towards Greater Compliance
The crypto exchange insists its customers comply with Know Your Customer (KYC) regulations impo
We współpracy z: https://thenewscrypto.com/bybit-pushing-for-compliance-by-mandating-stringent-kyc-procedures/
