Dubai, United Arab Emirates, August 5th, 2024, Chainwire
In the ever-evolving world of cryptocurrency, security is the backbone of user confidence and investment safety. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce its latest upgrade in security measures. This upgrade has been rigorously verified by blockchain auditor CertiK, making Bybit the safest option for trading and exploring Web3 via the Bybit Wallet.
This comprehensive security enhancement will address any issues new users may face when using blockchain for the first time. It includes around-the-clock automatic emergency response systems, biometric verification, and additional checks for high-value transactions to prevent unauthorized transactions.
One-Click Account Freeze: Users can immediately freeze their accounts if they perceive any risk, enhancing protection against unauthorized access. This feature ensures that users have full control over their account security in any situation.
Enhanced Security for High-Value Transactions: Bybit implements additional verification measures for large transactions, ensuring each significant transaction is secure and reliable. This step is crucial in maintaining the integrity of high-value trades and protecting user assets from unauthorized access.
AI-Based Security Enhancements: Bybit has integrated advanced AI technology for live face detection and virtual camera identification, ensuring that the person accessing the account is its rightful owner. These measures prevent AI-based face-swapping frauds and effectively identify virtual cameras, reducing fraud risks and enhancing user security.
User Security Enhancements: Strengthen Risk Control Methods: At Bybit, user security and experience are paramount. Bybit dedicates extensive efforts to ensure the safety of its users’ assets, including around-the-clock automatic emergency response systems, ensuring rapid response to safeguard accounts.
Dive Deeper with Bybit’s AMA
Want to learn more about these exciting security updates and how they can benefit you? Join Bybit for a live Ask Me Anything (AMA) session on Tuesday, August 6th. Our security experts will be on hand to answer your questions and discuss Bybit’s commitment to user safety. Don’t miss this opportunity to gain insights and enhance your understanding of Bybit’s latest security features.
Users can click here to join the AMA: Link to Bybit’s AMA on Twitter Spaces
Bybit’s initiative to elevate its security is a testament to its industry leadership and proactive approach to ensure its 37 million users experience the best safety and security. Integrating these security enhancements fortifies user accounts against potential threats and underscores Bybit’s role as a trailblazer in the crypto exchange landscape.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, users can visit Bybit Press.
For media inquiries, users can contact: media@bybit.com
For more information, users can visit: https://www.bybit.com
For updates, users can follow: Bybit’s Communities and Social Media
Contact
Head of PR
Tony Au
Bybit
tony.au@bybit.com
