{"id":71253,"date":"2022-12-09T14:52:32","date_gmt":"2022-12-09T12:52:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71253"},"modified":"2025-09-08T07:22:52","modified_gmt":"2025-09-08T04:22:52","slug":"bybit-to-restrict-a-range-of-operations-for-unverified-users","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bybit-to-restrict-a-range-of-operations-for-unverified-users\/","title":{"rendered":"Bybit to restrict a range of operations for unverified users"},"content":{"rendered":"<p>Bybit warned users about changes to its <span data-descr=\\\"Know Your Customer\\\" class=\\\"old_tooltip\\\">KYC<\/span> policy. From December 15, the cryptocurrency exchange will restrict certain operations for unverified users, <a href=\\\"https:\/\/announcements.bybit.com\/en-US\/article\/enhanced-kyc-policy-to-be-implemented-after-dec-15-2022-bltf3d717c057f2a044\/\\\">\u0433\u043e\u0432\u043e\u0440\u0438\u0442\u0441\u044f<\/a> in a statement.<\/p>\n<p>\\n\\n<\/p>\n<p>The new requirements affect the P2P platform, Earn, Launchpad and Rewards Hub. Verification will also be required for deposits\/withdrawals\/NFT trading.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;Bybit uses KYC to identify clients and analyse their risk profiles. This verification helps prevent money laundering and the financing of illicit activity,&#8221; the company said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>The exchange said it does not rule out expanding such a practice to other services.<\/p>\n<p>\\n\\n<\/p>\n<p>Without KYC verification, the daily withdrawal limit is 20 000 USDT and the monthly limit is 100 000 USDT. Further verification is tiered, allowing unlimited monthly withdrawals but with a daily cap:<\/p>\n<p>\\n\\n<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>Level 1 KYC \u2014 1 million USDT;<\/li>\n<li>Level 2 KYC \u2014 2 million USDT;<\/li>\n<li>Business KYC \u2014 2 million USDT.<\/li>\n<\/ul>\n<p>\\n\\n<\/p>\n<p>Earlier, Bybit co-founder and CEO Ben Zhou <a href=\"https:\/\/u1f987.com\/en\/news\/bybit-to-cut-staff-amid-prolonged-bear-market\">announced staff cuts<\/a> as part of a business reorganisation amid a prolonged bear market.<\/p>\n<p>\\n\\n<\/p>\n<p>Against the backdrop of <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">the FTX collapse<\/a> the exchange, in partnership with Nansen <a href=\"https:\/\/u1f987.com\/en\/news\/bybit-discloses-user-asset-holdings\">revealed the volumes<\/a> of user assets and established <a href=\"https:\/\/u1f987.com\/en\/news\/bybit-launches-100-million-fund-to-support-institutional-clients\">a $100 million fund<\/a> to support institutional clients.<\/p>\n<p>\\n\\n<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/certik-experts-reveal-the-kyc-verification-black-market\">CertiK researchers identified<\/a> a &#8216;cheap and accessible&#8217; black market for KYC checks in November.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 crypto news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bybit warned users about changes to its KYC policy. From December 15, the cryptocurrency exchange will restrict certain operations for unverified users, the company said.<\/p>\n","protected":false},"author":1,"featured_media":71254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1292,1151],"class_list":["post-71253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aml-kyc","tag-bybit"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=71253"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71253\/revisions"}],"predecessor-version":[{"id":71255,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71253\/revisions\/71255"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/71254"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=71253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=71253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=71253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}