{"id":280630,"date":"2022-12-09T14:30:48","date_gmt":"2022-12-09T14:30:48","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=280630"},"modified":"2022-12-09T14:27:12","modified_gmt":"2022-12-09T14:27:12","slug":"bybit-to-apply-new-kyc-rules-and-withdrawal-limits-on-dec-20","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bybit-to-apply-new-kyc-rules-and-withdrawal-limits-on-dec-20\/","title":{"rendered":"ByBit to apply new KYC rules and withdrawal limits on Dec. 20"},"content":{"rendered":"<p>Crypto exchange ByBit <a href=\"https:\/\/announcements.bybit.com\/en-US\/article\/enhanced-kyc-policy-to-be-implemented-after-dec-15-2022-bltf3d717c057f2a044\/\">announced<\/a> that it would imply new Know Your Customer (KYC) rules and withdrawal limits on Dec. 20. The announcement updates the different withdrawal limits based on different KYC verification levels.<\/p>\n<h2>Updated limits<\/h2>\n<p>As of Dec. 20, non-verified users' withdrawals will be limited to less than 20,000 Tether (<a href=\"https:\/\/cryptoslate.com\/coins\/tether\/\">USDT<\/a>) daily and up to 100,000 USDT monthly. Level-1 KYC users will be allowed to withdraw 1 million USDT daily, with no applied limits for monthly withdrawals.<\/p>\n<p>Meanwhile, Level-2 KYC and Business KYC verifications will allow the users to withdraw up to 2 million USDT daily without implying a monthly limit.<\/p>\n<p>After the update, KYC verifications will also be required for fiat on-ramp services, claiming rewards in the Rewards Hub, and depositing, withdrawing, and trading NFTs.<\/p>\n<h2>Current limits<\/h2>\n<p>Until Dec. 20, the <a href=\"https:\/\/www.bybit.com\/en-US\/help-center\/bybitHC_Article?language=en_US&id=000001025\">current<\/a> withdrawal limits will apply. The current rates don't impose a monthly limit to any verification levels and allow non-verified users to withdraw 2 Bitcoin (<a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">BTC<\/a>) per day.<\/p>\n<p>Level-1 and Level-2 KYC-verified users can withdraw 50 BTC and 100 BTC daily, respectively.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto exchange ByBit announced that it would imply new Know Your Customer (KYC) rules and withdrawal limits on Dec. 20. The announcement updates the different withdrawal limits based on different KYC verification levels. Updated limits As of Dec. 20, non-verified users&#8217; withdrawals will be limited to less than 20,000 Tether (USDT) daily and up to [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":280697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ByBit to apply new KYC rules and withdrawal limits on Dec. 20<\/title>\n<meta name=\"description\" content=\"Different levels of KYC will be required for different withdrawal amounts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bybit-to-apply-new-kyc-rules-and-withdrawal-limits-on-dec-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ByBit to apply new KYC rules and withdrawal limits on Dec. 20\" \/>\n<meta property=\"og:description\" content=\"Different levels of KYC will be required for different withdrawal amounts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bybit-to-apply-new-kyc-rules-and-withdrawal-limits-on-dec-20\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-09T14:30:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T14:27:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/image_2022-12-09_192630861.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bybit-to-apply-new-kyc-rules-and-withdrawal-limits-on-dec-20\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bybit-to-apply-new-kyc-rules-and-withdrawal-limits-on-dec-20\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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