FAQ — Enhanced Due Diligence (EDD) Verification

What is Enhanced Due Diligence (EDD)?

Enhanced Due Diligence is an additional verification process that may be required when certain account activities or regulatory checks prompt a deeper review. This helps ensure that all funds on our platform come from legitimate and verifiable sources. It is a normal compliance measure and does not indicate any wrongdoing.

What information do I need to provide?

When completing EDD, you will be asked to provide information about:

a. Source of Funds (SOF)

SOF explains where the money you deposit into your Bybit account comes from.

Examples: salary, savings, business income, sale of an asset, loan proceeds, investment income, etc.

SOF is always liquid funds used to make deposits and trades.

b. Source of Wealth (SOW)

SOW explains how you built your total wealth over time.

Examples: long-term employment, profitable business, investments, inheritance, real estate holdings, etc.

SOW includes both liquid and illiquid assets, including crypto and traditional holdings.

Key Difference Between SOF and SOW:

SOF = the specific funds used to make a deposit.
SOW = your overall financial background and how your wealth was built.

You may be required to submit documents supporting both SOF and SOW.

Why does Bybit require Source of Funds and Source of Wealth information?

Bybit is committed to providing a safe and compliant trading environment. Requesting Source of Funds and Source of Wealth information allows the platform to:

Comply with AML/CTF requirements as well as various other regulatory requirements
Prevent financial crimes
Understand and assess user risk and transaction patterns
Protect both the platform and its users

This process is standard across regulated exchanges and financial institutions, and it ensures that all transactions are legitimate and fully compliant.

What are the acceptable Identity (ID) Documents for EDD?

Document Type	Sample Image	Requirements
Identity card (ID)		The document must: Display the first name, middle name(s) and last name(s); Clearly display the date and place of birth; Indicate nationality/citizenship; Display the unique identification number (e.g. passport number, national ID number); Clearly indicate the document issue and expiry dates; Contain the photograph of the individual; Display the issuing country/authority
Passport
Driver's license
Residence permit

What are the acceptable Proof of Residence (POR) Documents for EDD?

Document Type	Sample Image	Requirements
Utility bill (e.g. water, electricity, gas, landline phone)		The document must: A recent utility bill, no older than 3 months; Contain full name of the individual; Clearly show the residential address; Display the issuing company/utility provider, the logo; Indicate the issue date.
Rental agreement		Contain full name of the individual; Clearly show the residential address; Contain the signature of both parties (landlord and tenant); Indicate the commencement date and duration.
Migration Department confirmation letter		Contain the full name of the individual; Clearly show the residential address/declared place of stay; Indicate the issue date, the issuing authority and the confirmation period; Contain official stamp, letterhead, or digital seal;
Bank statement		Contain full name of the individual; Be from a regulated financial institution (statement from a digital bank such as PayPal is not acceptable); Indicate the issuing bank’s name and logo; Display the issue date or period.

What are the acceptable Source of Funds (SOF) for EDD?

Document Type	Sample Image	Requirements
Bank statements		The document must: A recent bank statement, no older than 3 consecutive months, showing all transaction history (incoming & outgoing payments); Clearly display: the full name of the account holder, account number (IBAN), bank name and logo.
Pay slips		Be the most recent 3 consecutive pay slips, clearly indicating the issue dates; Contain full name of the employee and full legal name of the employer; Display income details (amount, currency).
Employment contract		Be current and valid; Contain full name of the employee and full legal name of the employer; Clearly state the date of signing and the effective date; Be signed by both parties; Contain the base salary and currency.
Sale agreements		Contain the full legal names of both parties (seller and buyer) and the signing date; Include the description of the asset sold (e.g. property, vehicle, business ownership or other); Clearly state the total sale price, currency, payment method and credit timing.
Loan agreements		Contain the full legal names of both parties (the lender and the borrower) and the signing date; Be signed by both parties; State the purpose of the loan; Clearly state the amount, the currency and payment method; Display the date of signing and the effective date of disbursement; The document should show the interest rate (if applicable); State the repayment schedule and method.
Inheritance documents		Contain the full name of the beneficiary; If applicable – proof of relationship; Display the date of death. State the type of assets inherited, estimated or declared value, and currency. Display the total amount and the date of the credit. Contain the signature of the executor/notary or solicitor.
Dividend or investment income statements		Contain the full name of the account holder; State the type of beneficial ownership of the investment (e.g., direct shareholder, fund account holder, or other); Contain the full legal name of the company or investment platform issuing the income; Display the type of income, amount, currency, and payment dates; An official document (not self-generated).
Trading history		Indicate the name of the trading account holder; Indicate the name of the trading platform. Display the date range of the trading period; Show all trading history (deposits, withdrawals, trades, profits/losses, closing balance, P2P activity); Display the cryptocurrencies used in trading history.

When does Bybit ask me to complete Enhanced Due Diligence (EDD)?

To comply with applicable anti-money laundering and counter-terrorist financing regulations, Bybit may require additional verification when certain risk indicators or regulatory thresholds are met. This process helps us ensure platform security and regulatory compliance. The requested information is used solely for compliance purposes and handled in accordance with data protection requirements.

How is EDD different from regular KYC on Bybit?

Regular KYC (Know Your Customer) on Bybit covers basic checks such as verifying your identity and proof of address. Once this is done, you can usually access core platform features, subject to limits.

EDD goes a step further. When EDD is required, we may:

Ask for extra information about your Source of Funds (SOF) and Source of Wealth (SOW)
Review your transaction behaviour in more detail, including both fiat and crypto flows
Carry out enhanced screening (for example, PEP/sanctions checks, adverse media checks)
Apply closer ongoing monitoring of your activity where required by regulations

In simple terms: KYC confirms who you are; EDD helps us understand where your funds come from and how you use the platform.

Does EDD include my crypto wallets and on-chain activity?

Yes. As a crypto platform, Bybit may review both your fiat and crypto activity as part of EDD.

We may ask you to:

Provide the wallet addresses you own or control
Share exported transaction history or screenshots from specific wallets or other exchanges
Explain large or unusual deposits/withdrawals (for example, from OTC desks, DeFi protocols, or third-party platforms)

We may also use blockchain analytics tools to help verify that your crypto funds come from legitimate sources and are consistent with your declared Source of Funds and Source of Wealth. This is part of our obligation to prevent money laundering, terrorist financing, and other illicit activities.

Will my Bybit account be restricted during EDD, and how can I avoid delays?

In some cases, certain features of your Bybit account (for example, withdrawals, P2P trading, or fiat on/off ramps) may be temporarily limited while your EDD review is in progress. This is normal and allows our compliance team to complete the required checks safely.

You can help ensure a smooth and faster review by:

Uploading clear, readable, and complete documents (no cropping, edits, or missing pages)
Making sure your name, dates, amounts, and addresses are visible and match your Bybit account information
Providing full statements or contracts, not just partial screenshots
Responding promptly if our team requests any additional information or clarification

What happens if I do not provide the requested information?

Failure to provide the requested SOF or SOW information and documentation within the specified timeframe may result in:

Restrictions on account functions, including deposits, withdrawals, or trading
Delays in processing transactions

Providing accurate information ensures uninterrupted access to Bybit services and helps maintain compliance with applicable laws.

Can I provide multiple sources of funds or wealth?

Yes. Users may have multiple legitimate sources, such as a combination of salary, business income, and investment returns.

How is my information handled, and is my personal information safe?

All information provided is handled securely and in accordance with applicable data protection and privacy regulations. It is used solely for compliance and regulatory review purposes.