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minimum age for bybit

Bybit implements minimum age requirements of 18 years or higher, varying based on regulations, to safeguard minors and comply with international financial standards.

Nov 01, 2024 at 12:46 pm

Minimum Age Requirement for Bybit

Bybit, a leading cryptocurrency exchange, has established minimum age requirements for its users to comply with international regulations and protect minors from potential financial risks associated with cryptocurrency trading.

1. Age Requirements

The minimum age to register on Bybit is 18 years old in most jurisdictions.
However, in certain countries with stricter regulations, the minimum age may be higher.

2. Consequences for Underage Trading

Bybit users who are found to be underage may have their accounts suspended or terminated.
Any trading activity conducted by minors without parental consent may be deemed invalid and subject to reversal.

3. Verification Process

Bybit requires all users to undergo a two-factor authentication (2FA) process to verify their identities.
During the verification process, Bybit may request additional documents, such as a government-issued ID, to confirm the user's age.

4. Parental Consent

If a user under the minimum age limit wishes to use Bybit, they must obtain parental consent and provide proof of authorization.
Parental consent may include a signed declaration or a separate legal agreement.

5. Exemptions

In some cases, Bybit may grant exemptions to users who are under the minimum age limit but have demonstrated sufficient knowledge and experience in cryptocurrency trading.
These exemptions are subject to strict criteria and approval by the Bybit compliance team.

6. Legal Compliance

Bybit's minimum age requirements are in compliance with various international regulations and laws, including:
- Anti-Money Laundering (AML) regulations
- Know Your Customer (KYC) standards
- Child protection laws

Conclusion

Bybit's minimum age requirements are crucial safeguards to protect minors and ensure compliance with regulatory standards. By adhering to these requirements, Bybit fosters a responsible and ethical environment for cryptocurrency trading.

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