Guide to KYC on Bybit with an El Salvador Passport in 2025

If you're a citizen of El Salvador looking to dive into the world of cryptocurrency trading on Bybit, you've chosen an exciting time. El Salvador's pioneering stance on Bitcoin and digital assets has positioned its citizens uniquely in the global crypto landscape. But even in this crypto-friendly nation, you'll still need to navigate the essential Know Your Customer (KYC) verification process to fully access Bybit's trading platform.

Completing KYC with an El Salvador passport is straightforward when you know exactly what to expect. This comprehensive guide walks you through every step of the process, from understanding why KYC exists to navigating each verification level with your Salvadoran documentation.

The good news? El Salvador's passport is fully accepted on Bybit, and your country's progressive crypto stance actually gives you certain advantages that traders from other nations might envy. By the end of this guide, you'll have all the knowledge you need to verify your identity, unlock Bybit's full potential, and begin trading with confidence.

Let's get started on your journey to becoming a verified Bybit user with your El Salvador passport!

Understanding Bybit's KYC Requirements in 2025

Bybit's Mandatory KYC Policy

If you've been in the crypto space for a while, you might remember the days when you could trade on exchanges without revealing your identity. Those days are largely behind us, and for good reason. Since mid-2023, Bybit has implemented a mandatory KYC policy for all users. This isn't optional anymore – you simply cannot access trading, deposits, or withdrawals without completing at least the basic identity verification steps.

I know what you might be thinking: "Wasn't crypto supposed to be about privacy?" While that philosophical debate continues, the reality is that legitimate exchanges like Bybit must operate within regulatory frameworks to survive and thrive long-term. This verification requirement helps Bybit comply with global Anti-Money Laundering (AML) standards and Financial Action Task Force (FATF) guidelines, keeping the platform secure for everyone.

The good news is that the verification process is typically quick, straightforward, and only needs to be done once. Once verified, you'll have access to higher withdrawal limits and more features than ever before.

El Salvador's Status on Bybit

Here's something to celebrate – El Salvador is NOT on Bybit's list of excluded jurisdictions! While traders from countries like the United States, UK, Canada, and various sanctioned regions face restrictions, Salvadoran citizens are fully welcome on the platform.

This means you can register and verify your Bybit account with your El Salvador passport without any jurisdictional issues. Bybit determines eligibility primarily by citizenship rather than just residence, so your Salvadoran nationality gives you the green light.

It's worth noting that if you currently reside in a restricted country while holding Salvadoran citizenship, you might still face service limitations. However, for most Salvadoran passport holders living either in El Salvador or in non-restricted countries, Bybit's platform is completely accessible.

Bybit's Compliance Approach

Since 2023, Bybit has been aggressively improving its compliance standing globally. They've pursued licenses in several jurisdictions, including obtaining in-principle approval in the UAE and seeking a MiCA license in the European Union. This proactive approach to regulation means they take compliance seriously – which translates to a more stable and reliable platform for users.

For Salvadoran users specifically, Bybit's compliance stance means you'll be treated according to international standards. El Salvador's groundbreaking adoption of Bitcoin as legal tender doesn't exempt its citizens from KYC requirements. Rather, Bybit welcomes users from El Salvador but expects compliance with the same verification rules as everyone else.

This balanced approach protects both you and the platform, ensuring your trading experience isn't disrupted by sudden regulatory changes or security issues.

KYC Levels and Documents for Salvadoran Users

The Three-Tier Verification System

Bybit implements a tiered verification system with three distinct levels. Each level unlocks more privileges but requires additional documentation:

Standard Verification (Level 1): This is the basic identity verification that's mandatory for all users. Without completing this level, you simply cannot trade or withdraw funds from your Bybit account. Level 1 involves verifying your identity through an official ID document and a selfie verification.

Advanced Verification (Level 2): This level adds proof of address verification to your profile. Completing Level 2 unlocks higher withdrawal limits and provides access to additional features like fiat on-ramps and off-ramps. This is recommended for regular traders who plan to move substantial amounts.

Pro Verification (Level 3): This enhanced due diligence (EDD) level is typically only necessary for high-volume traders or if your account gets flagged as high-risk. Most individual traders won't need to worry about this level unless specifically requested by Bybit.

For most Salvadoran users, completing Levels 1 and 2 will provide all the functionality you need for comfortable trading. Let's explore what documents you'll need for each level.

Identity Documents for Salvadoran Users

For Standard Verification (Level 1), you'll need a government-issued ID. As a citizen of El Salvador, you have several options, but your El Salvador passport is typically the most recommended choice. Other acceptable documents include:

• Salvadoran national ID card (DUI - Documento Único de Identidad)
• Salvadoran driver's license
• Residence permits (if applicable)

Your passport offers the advantage of international recognition and typically contains all necessary identification details in a standardized format. This can result in faster verification compared to other document types.

When preparing your passport for verification, make sure it's:

• Valid and not expired
• Showing a clear photo of you
• Displaying your full name, date of birth, and passport number
• Free from any damage that might obscure important information

Bybit will not accept unofficial or interim documents such as student IDs, work visas, or photocopies. You must use the original, government-issued document and take a high-quality photo of it.

Proof of Address Requirements

For Advanced Verification (Level 2), you'll need to provide proof of your residential address. Acceptable documents include:

• Utility bills (electricity, water, internet, etc.)
• Bank statements
• Tax bills or invoices
• Government-issued residency certificates

The document must be recent (issued within the last 3 months) and clearly display your full name and complete address. For example, as a Salvadoran resident, you might use an AES Electricidad bill, a Banco Agrícola statement, or a TIGO home internet bill.

Make sure the document is an official statement, not a handwritten note or simple receipt. While Salvadoran documents are typically in Spanish, there's no need for translation – Bybit's verification system supports documents in multiple languages.

Language and Format Considerations

El Salvador documents are primarily in Spanish, which is perfectly fine for Bybit's verification process. There's no need to translate your documents – submit them in their original form.

When entering your name during the verification process, input it exactly as it appears on your passport, including any accent marks or multiple surnames that are common in Latin American naming conventions. For example, if your passport shows "Juan Carlos Gómez López," enter the entire name with proper accents.

This precision matters because Bybit's system will compare your input with what appears on your ID, and any discrepancies could lead to rejection.

Potential Issues to Watch For

A few common problems can delay your verification:

1. Poor document photos: Ensure all corners of your passport are visible, with no glare or blur obscuring the text or your photo.
2. Name inconsistencies: The name on your passport should match the name on your proof of address. Even minor differences can trigger a review.
3. Multiple account attempts: Bybit only allows one account per person. Trying to verify multiple accounts with the same passport will get you flagged.
4. Age verification: Make sure you meet the minimum age requirement (18 years) for using Bybit.

With all your documents prepared correctly, you're ready to begin the actual verification process. Let's walk through each step in detail.

Step-by-Step KYC Process for El Salvador Passport Holders

Standard Verification (Level 1)

This basic identity verification is essential for all Bybit users. Here's how to complete it with your El Salvador passport:

1. Register Your Bybit Account

If you haven't already, start by signing up for a Bybit account using your email address and a secure password. You can do this through either the Bybit website or mobile app.

Once your account is created, I strongly recommend enabling two-factor authentication immediately. This adds an extra layer of security to your account before you begin the verification process.

2. Navigate to the KYC Verification Section

After logging in to your Bybit account, head to your account settings. Look for the "Account & Security" section, then click on "Identity Verification" (sometimes labeled as KYC).

On the Identity Verification page, you'll see a "Verify Now" button for individual KYC. Click this to begin the process.

3. Select Your Nationality and Residence

When prompted, select "El Salvador" as your nationality from the dropdown menu. This is crucial because Bybit uses your nationality to check country restrictions, and your passport will show El Salvador as your country of citizenship.

Next, you'll need to select your country of residence. If you currently live in El Salvador, select it again. If you reside elsewhere, choose your current country of residence – just ensure it's not one of Bybit's restricted jurisdictions.

4. Prepare and Upload Your Passport

Now it's time to prepare your Salvadoran passport for verification. Find a well-lit area and use a good camera (your smartphone camera will usually suffice) to take a clear photo of your passport's information page – the one with your photo and personal details.

Before uploading, verify that the image clearly shows:

• Your photo
• Your full name
• Your date of birth
• Your passport number
• The passport's expiration date
• All four edges/corners of the passport page

Remove any protective covers or sleeves that might cause glare or obscure details. If any information is difficult to read in your photo, take another one – clarity is essential for swift approval.

In the verification form, select "Passport" as your document type and upload the photo. The interface will show you a preview – use this to confirm that everything is visible and readable before proceeding.

5. Enter Your Personal Details

You'll now be prompted to enter your personal information. Input these details EXACTLY as they appear on your passport:

• Your full legal name (including all middle names and surnames)
• Your date of birth
• Your nationality
• Your passport number

For Salvadoran names, which often include multiple components, enter everything as shown. For example, if your passport lists "María Elena Hernández de González," include the entire name with proper spacing and accents.

Even minor discrepancies can delay your verification, so take your time with this step.

6. Complete the Face Verification

Next comes the liveness check, which verifies that you are the same person shown in your passport photo. Bybit will ask you to enable your webcam or phone camera and either take a selfie or record a short video following specific instructions.

For the best results:

• Choose a well-lit location without backlighting
• Hold the camera steady at eye level
• Remove glasses, masks, or anything that might obscure your face
• Follow any instructions to turn your head or blink as requested

The system will compare this live capture to your passport photo to confirm your identity. If the facial recognition fails on your first attempt, don't worry – you can typically retry several times.

7. Submit and Wait for Approval

After completing all previous steps, submit your Level 1 verification application. The good news is that Bybit's verification process is relatively fast – approvals often come through in about 15 minutes under normal circumstances.

However, if there are issues that require manual review, it might take up to 48 hours for Bybit's team to finalize the verification. You'll receive an email notification once your KYC is approved or if additional information is needed.

What Level 1 Approval Gives You

Once your Standard verification is approved, your account becomes fully active for basic trading. You can now:

• Deposit cryptocurrencies
• Trade on Bybit's markets
• Withdraw funds (up to 1,000,000 USDT equivalent per day)
• Access certain features that were previously restricted

This 1 million USDT daily withdrawal limit is a significant increase from the unverified limit, which was only 20,000 USDT. This level of access is sufficient for most retail traders and represents a substantial improvement in your account's functionality.

For many users, Level 1 may be all you need. However, if you plan to move larger amounts or want access to all of Bybit's services, proceeding to Level 2 is recommended.

Advanced Verification (Level 2)

Level 2 KYC involves verifying your residential address. Completing this step unlocks even higher withdrawal limits and additional services like fiat on-ramps and off-ramps. Here's how to complete it:

1. Initiate Address Verification

After your Level 1 verification is approved, return to the Identity Verification section. You should see your current status and an option to "Upgrade to Level 2" or "Verify Address." Click this button to begin the address verification process.

2. Input Your Address Details

You'll need to enter your residential address exactly as it appears on your proof of address document. This includes:

• Street address
• City
• State/department (if applicable)
• Postal code (if used in your area)
• Country

For Salvadoran addresses, make sure to include any relevant details like "Colonia," "Pasaje," or "Polígono" if they appear on your documentation. The spelling should match your document precisely.

3. Upload Your Proof of Address

Now upload a document that clearly shows your address. Remember, acceptable documents include:

• Utility bills (electricity, water, internet)
• Bank statements
• Tax invoices
• Government correspondence

The document must be dated within the last three months and clearly show your full name and complete address. Take a photo or scan that shows the entire page, with all key details visible – your name, address, date, and the issuer (utility company or bank name).

If your document has multiple pages, the first page with your address information is usually sufficient. Spanish-language documents are perfectly acceptable – Bybit's reviewers can recognize standard document formats and official logos.

4. Review and Submit

Double-check that the address you entered matches your document exactly. Even minor differences in abbreviations or formatting could cause issues. Once you're confident everything matches, submit your address verification for review.

Like Level 1 verification, address verification is typically completed quickly – often within minutes to a few hours. However, it could take up to 48 hours if manual review is required.

Benefits of Level 2 Verification

Once your address is verified, Bybit will notify you of your upgraded status. This verification level provides:

• Higher withdrawal limits (around 2 million USDT daily)
• Access to fiat currency services (deposit/withdrawal via bank transfer)
• Ability to use credit/debit card payment options
• Participation in special programs (like higher-tier Launchpad events)

For most users, Levels 1 and 2 provide all the functionality needed for comfortable trading on Bybit. At this point, your identity and address are fully verified, and your account is unlocked for almost all platform features.

Pro Verification (Level 3) – When Is It Necessary?

The final verification tier, Pro Verification or Level 3, involves Enhanced Due Diligence (EDD). Unlike the previous levels, this isn't something you typically initiate yourself. Instead, Bybit may invite or require you to complete Pro verification under certain circumstances:

• If you plan to withdraw extremely large amounts (significantly higher than the Level 2 limits)
• If you're classified as a politically exposed person (PEP)
• If Bybit's compliance team flags unusual account activity
• If you engage in exceptionally high-volume trading

This process could involve providing additional documentation such as the source of your funds, more detailed identity checks, or even a live video call with compliance officers. It's essentially a more thorough audit of your background to ensure full compliance with anti-money laundering regulations.

For the average individual trader from El Salvador, Pro verification is rarely necessary. If Bybit ever requests it, treat the process seriously and consider consulting a legal advisor, as EDD can require sensitive financial information.

For most users, completing Levels 1 and 2 is sufficient to unlock Bybit's full potential. With those verifications complete, you can confidently trade on the platform with your Salvadoran identity fully recognized.

El Salvador's Unique Crypto Environment

Bitcoin's Legal Tender Status in 2025

El Salvador made history in 2021 by becoming the first country to adopt Bitcoin as legal tender. As of 2025, this policy remains in effect, though with some important modifications worth understanding.

In early 2025, the Salvadoran government passed amendments to the original Bitcoin Law. The most significant change removed the mandate that businesses must accept Bitcoin, while technically maintaining its status as legal tender. This means using Bitcoin is now optional in El Salvador – merchants can choose whether to accept it, and even the government itself no longer accepts Bitcoin for taxes or official payments.

This adjustment was part of a compromise aligned with IMF agreements, acknowledging that forced acceptance hadn't gained the traction initially hoped for. However, the critical point for you as a Bybit user is that there are absolutely no restrictions on individuals using Bitcoin or other cryptocurrencies. You can freely trade crypto on Bybit and use Bitcoin in personal transactions – the law explicitly allows citizens to use BTC, just without compelling others to accept it.

The only practical limitation is that you cannot pay your taxes or government fees in Bitcoin anymore. If you realize gains on Bybit and need to settle any tax obligations, you'll need to convert to USD (El Salvador's other legal tender).

Tax Advantages for Salvadoran Crypto Traders

Here's where being a Salvadoran trader really shines. One of the major benefits of El Salvador's crypto-friendly regime is the tax treatment. Under the Bitcoin Law, transactions in Bitcoin are not subject to capital gains tax, since Bitcoin is treated as a currency rather than an investment asset.

Even after the 2025 amendments, the law continues to exempt Bitcoin from capital gains taxes. This means if you buy BTC at a low price and sell high on Bybit, any profit from the price increase is tax-free in El Salvador.

Furthermore, in January 2023, El Salvador enacted a Digital Assets Issuance Law providing broad tax incentives for crypto-related investments. This law eliminates all taxes on the issuance, trading, or profits from digital assets to encourage foreign investment. The exemption covers income tax, VAT, and local taxes on those activities.

In practical terms, as of 2025, Salvadoran individuals face no direct taxes on cryptocurrency trades or investments. This creates a uniquely favorable environment for trading on platforms like Bybit without the tax reporting burdens that traders from many other countries face.

That said, tax laws can evolve. While today's environment is exceptionally favorable, it's wise to maintain records of your trading activity in case regulations change in the future. Having a historical record of your transactions will make compliance easier if new rules are introduced.

Data Privacy Considerations

When completing KYC on Bybit, you're providing sensitive personal information – passport details, residential address, biometric face data, and more. It's natural to wonder how this data is handled.

Bybit states that all personal information collected is encrypted and used solely for identity verification purposes, not for marketing or other uses. Their privacy policy assures users that documents and data are stored securely and not shared externally beyond what's required for compliance.

In practice, this means your passport scan isn't being sold or exposed to third parties; it remains in Bybit's secure KYC database. However, no system is entirely infallible, so maintain prudent security practices:

• Only submit KYC information through official Bybit channels (website or app)
• Enable all available security features on your account (2FA, withdrawal confirmations)
• Be vigilant against phishing attempts claiming to be from Bybit support

Another aspect of privacy worth considering is how your data might be handled under legal requests. Bybit operates under the jurisdiction of its headquarters (Dubai) and various regional entities. If law enforcement or regulators (international or Salvadoran) request user data as part of an investigation, Bybit could be legally compelled to provide it.

As a Salvadoran citizen, be aware that your data is held abroad; El Salvador currently lacks specific data protection laws that would apply to offshore exchanges. This primarily concerns individuals involved in unlawful activities – for the average, legitimate trader, it simply reinforces the importance of using the platform for legal purposes only.

Bybit's Regulatory Status in El Salvador

While El Salvador has developed a regulatory framework for digital assets (including the creation of the National Commission of Digital Assets), Bybit is not specifically licensed in El Salvador as of 2025. This isn't unusual – Bybit operates under international licenses, and many countries allow their citizens to use foreign crypto platforms without local licensing.

There is no law in El Salvador prohibiting citizens from using overseas exchanges. The advantage is access to Bybit's advanced trading services in a market that the government has effectively approved for use. The potential downside is that if you ever have a dispute with Bybit, you would likely need to resolve it through the platform's international legal channels rather than through local Salvadoran authorities.

By adhering to Bybit's terms of service and understanding that you're using an exchange under the regulatory umbrella of its host countries (like the UAE), you minimize the potential for complications.

Legal and Financial Considerations

AML Compliance and Source of Funds

Even with El Salvador's crypto-friendly stance, Bybit still operates under global Anti-Money Laundering (AML) standards. For most users trading moderate amounts, this happens invisibly in the background. However, if you engage in very large transactions or unusual patterns, Bybit might request clarification.

Ensure that the funds you trade with come from legitimate sources (salary, savings, other investments). In rare cases involving substantial volume, Bybit could request documentation proving how you obtained your crypto or fiat funds. This is part of the enhanced due diligence tied to global anti-money laundering requirements.

As long as you're using honestly acquired funds and not attempting to circumvent any laws, you shouldn't encounter any issues with these checks.

Adapting to Future Regulatory Changes

The cryptocurrency regulatory landscape continues to evolve globally, including in El Salvador. While today's environment is exceptionally favorable (with minimal regulation and taxation), future government policies or international agreements could introduce new requirements.

Stay informed about announcements from El Salvador's Central Bank or the Digital Assets Commission (CNAD). If, for example, a requirement to declare foreign exchange accounts above a certain value were introduced in the future, you'd need to adapt accordingly.

Currently, El Salvador maintains one of the world's most permissive approaches to cryptocurrency, but the prudent trader stays alert to potential policy shifts.

Security Best Practices Post-KYC

After completing KYC and gaining full access to Bybit's features, implementing robust security practices becomes even more important:

1. Enable all security features: Activate two-factor authentication, anti-phishing codes, and withdrawal whitelisting if available.
2. Use unique, strong passwords: Create a password specific to Bybit that you don't use elsewhere.
3. Be vigilant against phishing: Bybit will never ask for your password or 2FA codes via email or messaging apps. Be suspicious of any communication claiming to be "Bybit support" that asks for sensitive information.
4. Consider cold storage: For larger holdings, consider transferring some funds to personal hardware wallets rather than keeping everything on the exchange.
5. Regular activity review: Periodically check your account activity and enabled devices to ensure no unauthorized access.

Implementing these practices helps ensure that your verified account remains secure and solely under your control.

Exchange Risk Management

Using any cryptocurrency exchange carries some inherent risk. While Bybit ranks among the top-tier exchanges with a strong security track record, the crypto industry has witnessed platforms face liquidity crises or security breaches.

From a legal perspective, because you're using an exchange outside El Salvador's direct regulation, you rely on Bybit's integrity and international legal frameworks for protection. Some strategies to mitigate this risk include:

1. Reading Bybit's user agreement: Understand the terms you're agreeing to, which likely fall under the law of Bybit's jurisdiction (such as Dubai).
2. Distributing risk: Consider spreading larger holdings across different platforms or wallet types.
3. Regular withdrawals: If trading actively, periodically move profits to personal wallets rather than accumulating everything on the exchange.
4. Understanding recourse options: Know how to contact Bybit support and what dispute resolution mechanisms exist if issues arise.

Bybit's commitment to compliance and transparent policies suggests they're positioning themselves as a long-term, regulated player in the industry – which ultimately benefits users like you.

Practical Tips for Smooth Verification

Optimizing Your Document Photos

The quality of your document photos significantly impacts verification speed. Follow these best practices:

1. Use good lighting: Natural, diffused daylight works best. Avoid harsh direct light that might cause glare on your passport's laminate.
2. Capture the entire document: Ensure all four corners are visible, with no cropping or cutoffs.
3. Maintain focus and clarity: The text on your passport should be sharp and legible, not blurry.
4. Remove obstructions: Don't photograph your passport inside a sleeve or holder that might reflect light or obscure details.
5. Clean background: Place your passport on a plain, contrasting background (a dark passport shows up well against a light background and vice versa).
6. Check before uploading: Review your photos carefully before submission. Can you read all the text? Is your photo clearly visible? Are there any reflections or shadows obscuring important information?

These simple steps can significantly reduce the chances of your verification being rejected due to image quality issues.

Navigating Name Formats and Multiple Surnames

Salvadoran names often follow the Spanish naming convention of including paternal and maternal surnames. This can sometimes cause confusion during verification if not handled correctly.

When entering your name during KYC:

1. Follow your passport exactly: Enter your name precisely as it appears on your passport, in the same order and with the same formatting.
2. Include all parts: Don't abbreviate or omit any components of your name, even if you don't commonly use them in daily life.
3. Maintain accents: If your name includes accent marks (like á, é, í, ó, ú), include them exactly as shown on your document.
4. Consistent formatting: Use the same capitalization and spacing as your passport shows.

For example, if your passport shows "GARCÍA HERNÁNDEZ, José Antonio," enter it exactly that way, including the comma if present. Bybit's system needs to match your input with what appears on your document.

What to Do If Your Verification Is Rejected

Despite your best efforts, sometimes verification requests get rejected. Don't panic – this is usually easily resolved:

1. Read the rejection reason: Bybit typically provides specific feedback about why your verification failed. Common reasons include blurry photos, name mismatches, or expired documents.
2. Address the specific issue: If your passport photo was unclear, take a better one. If there was a name mismatch, double-check your input against your document.
3. Try again promptly: You can usually resubmit your verification immediately after fixing the issue.
4. Contact support if needed: If you're repeatedly rejected despite addressing the feedback, Bybit's customer support can provide guidance specific to your situation.
5. Consider alternative documents: If your passport continues to cause problems, you might try using your Salvadoran DUI (national ID) instead, if Bybit accepts it.

Most verification issues are quickly resolved once you address the specific feedback provided. Persistence and attention to detail usually lead to successful verification.

Conclusion

Completing KYC on Bybit with your El Salvador passport opens the door to one of the world's leading cryptocurrency exchanges. The process is straightforward when you understand what's required and how to present your documents correctly.

As a citizen of El Salvador, you enjoy a uniquely favorable position in the cryptocurrency world. Your country's progressive stance on digital assets, combined with its tax-friendly policies for crypto traders, creates an environment where you can participate in global markets with fewer restrictions than citizens of many other nations.

By following the step-by-step guidance in this article, you can navigate Bybit's verification process smoothly and unlock the platform's full potential. Remember to maintain strong security practices once verified, stay informed about evolving regulations, and enjoy the benefits of trading in a compliant and secure environment.

Your El Salvador passport is your ticket to a world of cryptocurrency opportunities on Bybit. Use it wisely, trade securely, and make the most of your nation's pioneering approach to digital assets.

¡Bienvenido al futuro de las finanzas digitales!

FAQs for Salvadoran Bybit Users

Q: How long does the verification process typically take with an El Salvador passport?

A: Standard verification (Level 1) often completes within 15 minutes if your documents are clear and properly submitted. Advanced verification (Level 2) typically takes a similar time but can extend to 48 hours if manual review is required.

Q: Can I use my El Salvador DUI (national ID) instead of my passport?

A: Yes, Bybit accepts national ID cards, including the Salvadoran DUI. However, passports typically process more smoothly as they follow international standards that verification systems are designed to recognize.

Q: Does Bybit accept documents in Spanish?

A: Absolutely. Bybit's verification system handles multiple languages, including Spanish. There's no need to translate your Salvadoran documents – submit them in their original Spanish format.

Q: Will my crypto profits on Bybit be taxed in El Salvador?

A: As of 2025, El Salvador does not impose capital gains taxes on Bitcoin transactions, and the Digital Assets Issuance Law eliminates taxes on trading or profits from digital assets. This creates a tax-free environment for crypto trading, though it's always wise to maintain records in case regulations change.

Q: What happens if I move to another country after verifying with my El Salvador passport?

A: Your Bybit account remains valid as long as your new country of residence isn't on Bybit's restricted list. You may want to update your address information if you complete Level 2 verification, but your Salvadoran nationality remains the primary factor for account eligibility.

Q: Can I have multiple Bybit accounts with the same El Salvador passport?

A: No, Bybit only allows one account per person for KYC. Attempting to verify multiple accounts with the same passport will result in flagging for duplicate IDs and potential account restrictions.

Q: Is Bybit regulated in El Salvador?

A: While Bybit operates under international licenses and regulatory frameworks, it isn't specifically licensed in El Salvador as of 2025. However, there are no legal restrictions preventing Salvadoran citizens from using the platform.

Q: What should I do if my name has special characters or is very long?

A: Enter your name exactly as it appears on your passport, including all special characters, accents, and components. Bybit's system is designed to handle international naming conventions, including the longer names common in Latin American countries.