Crypto trade ByBit introduced that it will suggest new Know Your Buyer (KYC) guidelines and withdrawal limits on Dec. 20. The announcement updates the totally different withdrawal limits primarily based on totally different KYC verification ranges.
Up to date limits
As of Dec. 20, non-verified customers’ withdrawals will probably be restricted to lower than 20,000 Tether (USDT) every day and as much as 100,000 USDT month-to-month. Stage-1 KYC customers will probably be allowed to withdraw 1 million USDT every day, with no utilized limits for month-to-month withdrawals.
In the meantime, Stage-2 KYC and Enterprise KYC verifications will enable the customers to withdraw as much as 2 million USDT every day with out implying a month-to-month restrict.
After the replace, KYC verifications may even be required for fiat on-ramp companies, claiming rewards within the Rewards Hub, and depositing, withdrawing, and buying and selling NFTs.
Present limits
Till Dec. 20, the present withdrawal limits will apply. The present charges don’t impose a month-to-month restrict to any verification ranges and permit non-verified customers to withdraw 2 Bitcoin (BTC) per day.
Stage-1 and Stage-2 KYC-verified customers can withdraw 50 BTC and 100 BTC every day, respectively.
