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How to Identify Legit Sellers of Verified Bybit Accounts
If you're reading this, you probably want to move beyond “personal account” limits and set up a proper, compliant Bybit account for your business — smart move. Business accounts unlock higher limits, institutional-grade features, multi-user roles, and better compliance protections. Think of it like upgrading from a bicycle to a cargo van: you can carry more, do more, and you need slightly different paperwork.
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This guide walks you through the process, step-by-step, focusing on lawful, best-practice procedures: preparing documents, submitting KYB (Know Your Business), security hardening, accounting and compliance tips, troubleshooting, alternatives, and a handy checklist. Let’s dive in.
Why a Verified Business Account Matters
Differences Between Personal and Business Accounts
Personal accounts are built for individuals. Business (institutional) accounts are built for companies, funds, and organizations. They support multiple authorized users, roles, higher withdrawal/trading limits, and features like institutional API access and tailored onboarding support.
Benefits for Businesses and Institutions
Higher transaction and withdrawal limits.
Dedicated onboarding and account management in many cases.
Access to institutional features: advanced APIs, OTC desks, and custody options.
Better compliance posture — banks and auditors prefer transactions routed through verified business accounts.
Improved credibility when dealing with counterparties.
Understanding Bybit’s Compliance Landscape
KYC vs KYB: What’s the Difference?
KYC (Know Your Customer) focuses on verifying an individual’s identity (passport, ID, selfie).
KYB (Know Your Business) verifies the company: registration, beneficial owners, directors, proof of operations, and more.
Both are essential. For a business account you’ll typically undergo both: KYC for signatories and KYB for the entity.
AML, CFT and Regulatory Considerations
Exchanges implement Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) rules. Expect enhanced due diligence (EDD) if your company is high-risk (e.g., a fund, broker, or operates in certain jurisdictions). Transparency and accurate documentation speed things up enormously.
Eligibility: Who Can Apply?
Types of Entities That Qualify
Corporations (LLCs, PLCs, Inc.)
Limited Partnerships (LPs) and LLPs (subject to extra scrutiny)
Trusts and foundations (may require more documentation)
Registered investment funds and asset managers
Sole proprietorships and freelancers — sometimes allowed but with limits
Jurisdiction and Regulatory Restrictions
Exchanges restrict accounts based on local laws. Some countries or sanctioned jurisdictions may be blocked. Always confirm your jurisdiction's eligibility on Bybit’s official help pages (and consult legal counsel if unsure).
Step 1 — Preparing Required Documents
Preparation is half the battle. Gather everything before you start.
Company Registration Documents
Certificate of Incorporation / Registration
Memorandum & Articles of Association (or equivalent)
Recent Certificate of Good Standing (if available)
Ownership and Beneficial Ownership (UBO) Proof
Shareholder register or cap table
Registers showing directors and ultimate beneficial owners (UBOs)
For funds: investor registers and structure charts
Proof of Address and Operational Evidence
Recent utility or bank statements for the company (usually within 3 months)
Business invoices, contracts, or client letters showing operations
Website screenshots and domain registration info (WHOIS) if applicable
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