Bybit, the world's second-largest cryptocurrency exchange by trading volume, has significantly upgraded its security protocols.
This move, validated by blockchain auditor CertiK, positions Bybit as a top-tier platform for secure trading and Web3 exploration through its Bybit Wallet.
The comprehensive security enhancements are designed to address potential issues faced by new blockchain users.
Key features include around-the-clock automatic emergency response systems, biometric verification, and additional checks for high-value transactions to prevent unauthorised activities.
A notable feature of the upgrade is the one-click account freeze, allowing users to instantly secure their accounts if they detect any risk.
This provides robust protection against unauthorised access and ensures users maintain full control over their account security.
For high-value transactions, Bybit has implemented extra verification steps to guarantee each significant transaction's security and reliability.
This measure is crucial for safeguarding high-value trades and user assets from unauthorised access.
Additionally, Bybit has integrated advanced AI technology for live face detection and virtual camera identification.
These technologies ensure that only the rightful account owners can access their accounts, preventing AI-based face-swapping frauds and accurately identifying virtual cameras to mitigate fraud risks.
Bybit's dedication to user security and experience is evident in its extensive efforts to protect user assets.
The platform's round-the-clock automatic emergency response systems ensure rapid responses to any threats, reinforcing user confidence in their security measures.
These security upgrades underscore Bybit's leadership in the industry and its proactive approach to providing top-notch safety for its 37 million users.
The advanced security features not only fortify user accounts against potential threats but also highlight Bybit's role as an innovator in the crypto exchange landscape.
Established in 2018, Bybit offers a professional platform for crypto investors and traders, featuring an ultra-fast matching engine, 24/7 customer service, and multilingual community support.
Bybit is also a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.