There are no deposit fees when trading crypto on Bybit.
In Bybit, KYC is necessary to improve security compliance for all traders.
Users will need to have their official identity document issued by their country of origin (e.g. passport, identity card) on hand to complete the verification process.
Users will need to complete their KYC verification if they want to withdraw more than 2 BTC a day.
Find information on the limits below.
The table below shows the withdrawal limits for each KYC level.
Daily Withdrawal Limit
Lv. 0 (No verification required)
Furthermore, there are various minimum withdrawal amounts.
Refer to the table below for more information on that.
All coins have no minimum deposit requirements except for SOL with 0.01.
The next subheading is a review of Bybit Customer Support and public opinion. Read on!
6. Customer Support And Public Opinion
You can reach Bybit through the following channels;
Furthermore, Bybit has a detailed knowledge platform called BybitLearn.
Here, one can learn more about Cryptocurrency and Trading.
Regarding public opinion, Bybit has an average review on Trustpilot with a 3.4-star rating. Users laid emphasis on excellent support and how wonderful the platform is.
It is also considered safe to use on WebOfTrust with four reviews.
Below, I listed out some of the commonly asked questions about Bybit. Read on!
1. How do I make a deposit?
Use Bybit Fiat Gateway to convert fiat to cryptocurrency (only support BTC, ETH, and USDT). This service is wholly provided by the respective third-party service providers listed earlier.
2. Why is my account restricted from performing a withdrawal?
For account and asset security purposes, the following actions will lead to withdrawal restrictions for 24 hours: 1. Change or reset of account password 2. Change of registered mobile number
3. Is Bybit Legit?
Bybit is a legitimate cryptocurrency trading exchange based in Singapore and registered in the British Virgin Islands. The founder Ben Zhou is well known for his experience in the forex market for about 8 years. Also, there has been no news of a hack on their exchange platform. In addition, they include more service options from time to time which mean that they have hope of maintaining and keeping the exchange running.
4. When will I receive the cryptocurrency I purchased?
The cryptocurrency is usually deposited into your Bybit account between 2 – 30 minutes after purchase. Sometimes it takes longer, depending on blockchain network conditions and the service level of the particular service provider. For new users, cryptocurrency deposits may take up to one day.
Bybit offers the best-in-class market depth and each trade is executed with minimal price impact.
Traders that have reviewed the exchange are assured they won’t encounter unfair liquidations with its dual-price mechanism.
This is where I will wrap up the post for today.
Now tell me, do you think the Exchange is worth a trial?
Are you going to open an account with Bybit?
Or you already have… what’s your review?
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