In cryptocurrency investments, choosing a reliable and efficient exchange is crucial. This article will fully introduce the registration process, KYC certification, 2FA protection, deposit tutorial, etc. of Bybit.
Bybit is a cryptocurrency exchange platform founded in 2018, headquartered in Dubai, and founded by Ben Zhou. Currently, Bybit has over 30 million global users, with a daily trading volume exceeding $25 billion. Its spot trading volume ranks among the top five globally, and its derivative trading volume is second only to Binance, ranking second.
Efficient Trading Engine: Bybit can handle a large number of trading requests and provide a smooth trading experience under normal circumstances.
Leveraged Trading: Bybit offers a variety of contract trading options, with leverage of up to 100 times. Users can engage in high-value trades with a small amount of capital, amplifying their potential returns. However, this also increases trading risks, and users need to evaluate carefully.
Multiple Security Measures: Bybit utilizes multiple layers of security measures, including cold wallet storage, KYC policies, Merkle Tree reserve proof, big data risk management system, and two-factor authentication (2FA) to ensure the security of user funds.
Multiple Trading Pairs: Bybit supports a variety of cryptocurrency trading pairs, providing a rich selection of tradable currencies.
24/7 Customer Service: Bybit offers 24/7 customer support to help users resolve any issues they encounter while using the platform.
Since its establishment in 2018, Bybit has experienced two bull and bear cycles without any major security incidents such as hacking or theft of large amounts of assets being reported. Compared to smaller exchanges in the market, Bybit provides greater security.
Bybit also claims to store the majority of user assets offline in cold wallets and employs advanced multi-signature technology, trusted execution environment (TEE), and threshold signature scheme (TSS) to ensure fund security. However, users are advised to complete 2FA security certification and follow official security measures to enhance asset protection.
Registration Link: Click here
(Recommended)
Step 1: After entering the registration page, choose to create an account with an “email” or “phone” and set a secure password. Then, click “Create Account.”
Step 2: Go to your email or phone that you entered in the first step and receive a 6-digit verification code. Return to the interface and enter the verification code.
Step 3: After entering the verification code, you have completed the registration of your Bybit account. It’s that simple!
Next, you need to complete KYC identity verification to start trading.
KYC (Know Your Customer) requires exchanges to “know their customers” as requested by regulatory authorities. Customers are asked to provide identification photos or bank account information. Similar to opening a traditional bank account, you need to present two forms of identification to prevent money laundering and fraud.
Step 1: Click “Verify Now” to unlock all of Bybit’s products.
Step 2: Similarly, click “Verify Now” to enjoy the benefits of a verified user.
Step 3: To begin verification, confirm the “issuing country/region” first, then select the “document type,” which includes ID card, passport, driver’s license, and residence permit, with a total of four options. If the computer’s camera is inconvenient to use, it is recommended to complete verification in the mobile app for more convenient operation.
Step 4: Prepare your documents, confirm Bybit’s privacy statement and personal data processing notice, and click “Agree and Continue.”
Step 5: Align the front and back of your document to the camera, take a successful photo, and then perform facial recognition. Then, look directly at the camera, slowly turn your face to complete the 3D scan.
Step 6: After the system confirms the documents, the “identity verification” process is complete!
After completing the account opening process, it is recommended to set up 2FA two-factor authentication to enhance security and prevent hackers from accessing accounts and emptying user assets.
Step 1: Click on the user avatar in the top right corner, go to “Account & Security,” and then click on “Google 2FA Verification.”
Step 2: Enter the 6-digit verification code sent to your email or phone.
Step 3: After entering the verification code, download the “Google Authenticator” app on your phone and scan the QR code on the screen to complete the 2FA two-factor authentication!
iOS Users: Download
Android Users: Download
Deposit Tutorial
Currently, Bybit supports three deposit methods:
Taiwan Exchange Deposit
Credit Card Deposit
P2P Deposit
“Credit Card Deposit” incurs higher fees and not all credit cards support the use of cryptocurrency platforms. “P2P Deposit” has unfavorable exchange rates and carries the risk of default by the counterparty. Therefore, it is recommended to choose the compliant “Taiwan Exchange” to deposit funds. Here is a tutorial on depositing funds into Bybit:
Step 1: Click on “Deposit” in the top right corner and choose the currency you wish to deposit.
Step 2: Choose which chain you want to deposit through, then copy and paste the address to the desired location for withdrawal.
Step 3: Once the cryptocurrency is deposited, you will receive an email notification of a successful deposit, and you are done!