Quote from: naturecollision on Today at 09:59:28 AM

digging up this old threat, just wanted to reaffirm everyone thinking about avoiding bybit. I have been having a terrible experience with them from the get-go. first of all the verification process is invasive as hell, then once you are verified and you don't use their service they way they would like to (i.e. leaving funds on their exchange, keeping open positions, not using stable coins vs. converting to btc) - long story short, they now locked about $500 of mine in btc, and when trying to withdraw it, they either want facial recognition, or they lock it completely if you try too many times, then they tell you they send you an email requiring more verification (mind you, already lvl2 verified account) and the email never arrives. I think bybit at this point is a shitshow, there are better alternatives, but they ask more fees or you have more slippage. not being bothered by silly requests comes at a price it seems. stay away from bybit unless you don't mind getting nagged to death with every step on the way. bybit is dead for anyone serious about crypto. this whole KYC thing is a fiasco waiting to happen in itself, on a long enough timeline, they will lose any and all data ever collected, and then there is no more such thing as identity at all. anyone sending them real data about yourself, and not trying to cheat the system makes a huge mistake in my opinion, don't make the same mistake I did, just forget about bybit. absolute horror shitshow. also support is completely overwhelmed, first time I had issues was a month ago, and they still did not reply to my support ticket. stay away.

oh, and don't try to cancel a pending btc transfer, or the whole ordeal starts anew. crypto has become a privacy-meme with companies like these. I can't wait for them to want to install a bybit certified webcam in your living room, so they can comply with klaus schwabs KYC requirements. absolutely f them.

And here I was thinking they stopped their silly facial recognitions. It's like they don't want users to completely drain their accounts or move all the fund to an onchain non custodial wallet.

To be honest, it's been over a year now since I last used that exchange. I found better alternatives that never bothered me with the stupid extra verifications when trying to move my funds.