You can trade cryptocurrencies with leverage on the Bybit exchange, but do you need to perform KYC checks to open an account and trade? In this guide, I’ll be answering this question for you.
No, you do not need to KYC to sign up or trade on the Bybit exchange.
Since Bybit is registered in the British Virgin Islands, it is not required to perform Know Your Customer checks for any of its customers. They do, however, geo-block banned countries.
Is it safe then?
Bybit is regarded as a safe cryptocurrency exchange as the CEO is extremely transparent and used to work at a reputable, regulated trading broker.