How does the Bybit app ensure the security of my digital assets?
Lotanna NnoshiriDec 29, 2021 · 3 years ago1 answers
Can you explain how the Bybit app ensures the security of my digital assets? I want to make sure my funds are safe while trading on the platform.
1 answers
- Dec 29, 2021 · 3 years agoYes, Bybit takes the security of your digital assets seriously. They have implemented various security measures to protect your funds. Bybit uses a combination of cold storage and hot wallets to store your assets. Cold storage keeps the majority of funds offline, away from potential cyber threats. Hot wallets are used for immediate access and have a limited amount of funds. Bybit also employs multi-signature technology, which requires multiple approvals for transactions. Additionally, they have strict security protocols in place, including two-factor authentication and regular security audits. Bybit is committed to providing a secure trading environment for your digital assets.
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