Here is the instruction on how to sign up for Bybit in 1 minute. Bybit is a traditional cryptocurrency derivative exchange. Established in Singapore in 2018, Bybit has been recognized by many for its convenient and clear interface and reliability due to the lack of server crashes from excess traffic.
Domestic and international cryptocurrency YouTubers and many streamers use Bybit in their streaming shows, and Bybit represents one of the cryptocurrency exchanges with the most potential for growth. Recently, the number of users has increased with the launch of the Bybit copytrading service that allows users to replicate the positions of professional cryptocurrency traders. Let us now show you how to sign up for Bybit.
How to Sign Up for Bybit in 1 Minute
1. Go to the Bybit Homepage
Bybit is an international exchange utilized by users all over the world. Even in non-English speaking countries, you can access Bybit by searching on the internet. However, you should be careful about entering sites impersonating the Bybit. Bybit also announced in its official press release that users should be careful not to access the fraudulent exchanges impersonating Bybit.
Therefore, checking the domain on the Bybit official verification site is also an excellent method to prevent hacking incidents. You can access the official website of Bybit by clicking on the buttons below.
2. Enter Membership Information
Sign up for Bybit with an email address
If you are signing up for Bybit with your email address, please enter the email as the ID. Bybit sends an authentication number to the email to ensure that entered email address belongs to the registering user. Therefore, please enter an email address that is actually in use or that can receive emails. As for the password, special characters are not required; they must contain at least 8 characters, at least 1 upper case, lower case, and a number.
Click ‘NO’ in the Bybit questionnaire of if the user’s area is in a restricted country. Bybit sends an email with the authentication number to the email address of the registering user. Once you confirm and enter the authentication number from the mail, the Bybit registration process will be complete.
Signing up for Bybit with a mobile number
If you sign up for Bybit with your mobile number, you must enter mobile number as your ID. However, inconvenient situations may arise in case your phone is lost, so Bybit recommends that you sign up with your email address. For example, if the registering user’s mobile number is 010-9876-5432, please omit the first “0” and all the dashes in entering the ID – hence, “1098765432”. When you press the sign-up button, a verification number will be sent to your email and please enter the verification number to complete the Bybit registration process.
3. Bybit Authentication and Identity Verification Process
Bybit security authentication must be completed in order to withdraw from Bybit to another exchange or personal wallet. This authentication might bothers you but this helps to defend against Bybit account hacking. The most effective way to secure Bybit is through the Google Two Factor Authentication (Google OTP).
Bybit Security Authentication Process
Bybit security authentication is the Google Two Factor Authentication (Google OTP). Once you have registered your authentication, you will need to enter the real-time authentication numbers during the login and cryptocurrency withdrawal, which are very effective in preventing hacking. Google OTP authentication uses the Google Authenticator app. Go to ‘Account & Security’, click on ‘Google Two Factor Authentication Settings’, and enter your email authentication number. Once you have entered your email authentication number, a QR code screen should appear for secure authentication registration for your Bybit account. The Google Authenticator application uses QR code scanning to register the account and you should enter the 6 digits authentication number to complete the Bybit security authentication.
Bybit Identity Verification (KYC authentication) Process
Bybit users can use the futures exchange without identification. However, while users will be able to conveniently deposit and withdraw cryptocurrency in the Bithumb Exchange by completing the Bithumb Exchange Withdrawal Address Registration, due to the Travel Rule, users must ensure that the identification from the Bybit account matches that of the Upbit account in order to send more than KRW 1 million of cryptocurrency from Upbit to Bybit. For smooth transfer of assets, Bybit recommends completing at least the first level of the identity verification (KYC). Click on the Identity Verification from the Account & Security section.
The first level of the Bybit identity verification (KYC Certification) can be completed by submitting your resident registration card, driver’s license, front and back of your passport, a selfie taken from a camera for face authentication. It will be most convenient to use a laptop or a cell phone because you will have to use a camera.
The second level of identification can be completed by submitting a utility bill to verify your address or an English residential certificate printed from the Government 24 website. However, since there have not been substantial benefits so far for the 2nd level identification, we do not strongly recommend completing the Bybit second level identity verification.
Can I use derivative without KYC?
Yes, you can use the derivative trading service without an identity verification. Unlike other international exchanges, Bybit enables users to trade futures without identity verification – as such, users who choose to trade without identity verification can do so. However, for smooth usage of other services, Bybit recommends completing at least the first level of the identity verification (KYC).
Can I sign up for Bybit in US?
Unfortunately, you can't. Bybit doensn't support some specific conturies including USA, China, Singapore, Syria, etc. However, if you are an American and live outside the US, you are free to use Bybit.