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Bybit
- Thread starter JohnnyDoe
- Start date
Good service until your account gest locked , then its hell .
Recommendation:
Perform always AML checks before transferring any coins to it . As even a low percentage can trigger account lockdown , preferable the coins should be completely clean . They are pretty strict about it .
Recommendation:
Perform always AML checks before transferring any coins to it . As even a low percentage can trigger account lockdown , preferable the coins should be completely clean . They are pretty strict about it .
Where most of the normies are trading these days (that can KYC, or use the Palau ID)
Moves get more extended than at Binance because of it. Great liquidity.
Great overall imo (I like the interface much more than Binance's) but their VIP reps are trash.
I dont receive crypto from anyone but myself so idk about the above
Moves get more extended than at Binance because of it. Great liquidity.
Great overall imo (I like the interface much more than Binance's) but their VIP reps are trash.
I dont receive crypto from anyone but myself so idk about the above
I know EDD is a common practice nowadays .
But what I've heard is that Bybit is much stricter . ( YMMV)
Will only use it for the card and deposit from kosher wallet only the amounts I need to spend quickly.
That sounds like a very unstable solution to me and definitely not something I can work with. They act like a bank and can decide when to close or open your account! Probably only useful for small amounts or amounts that you don’t mind losing.
I would personally avoid any major exchanges such as Bybit, Binance, etc.
Compliance is getting really tough these days and as @aniglo22 pointed out, they are running AML checks on all incoming transactions and block anything with a high score or suspicious sources.
The best way to spend your crypto is to find a local OTC dealer and exchange for cash - no records on blockchain and no one knows where you're spending your money
Compliance is getting really tough these days and as @aniglo22 pointed out, they are running AML checks on all incoming transactions and block anything with a high score or suspicious sources.
The best way to spend your crypto is to find a local OTC dealer and exchange for cash - no records on blockchain and no one knows where you're spending your money
That's fine up to low 5 figures, anything more is unmanageable.The best way to spend your crypto is to find a local OTC dealer and exchange for cash - no records on blockchain and no one knows where you're spending your money
which is ok for some quick spend (if one has a modest lifestyle).
using it for this and it works well so far.
I have used them for quite some time now, if you have a Zen account and connect it to Bybit, they have instant fiat off-ramp too.
I try to keep my deposits under 10k at a time, I haven't had any issues so far in the last couple years.
Ah ok I see the option but I get this error message:
Never received any email, so I opened a ticket.
Not a good start.
Are you lvl 2 verified or just the basic lvl 1 verification? They may ask for a proof of address I guess, if it's not that, then you will probably be asked the usual AML stuff
Been using for about a year across EU
Good for small amount you want to spend quickly however the service isn’t always reliable/working. If try transactions higher than 999 € they freeze your card and wait for you to complete “additional security” verification (they once asked it even for 120 euro expense)before allowing the payment
Plus the conversion is quite pricy.
I prefer converting to FIAT and spending through Revolut
Good for small amount you want to spend quickly however the service isn’t always reliable/working. If try transactions higher than 999 € they freeze your card and wait for you to complete “additional security” verification (they once asked it even for 120 euro expense)before allowing the payment
Plus the conversion is quite pricy.
I prefer converting to FIAT and spending through Revolut
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