Dubai, United Arab Emirates, August 5, 2024, Chainwire
In the ever-evolving world of cryptocurrencies, security is the backbone of user trust 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 choice for trading and exploring Web3 via the Bybit Wallet.
This comprehensive security upgrade will address any issues new users may face when using the blockchain for the first time. It includes 24-hour automated emergency response systems, biometric verification, and additional controls 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-volume transactions, ensuring that every important transaction is secure and trustworthy. This step is crucial to maintaining the integrity of high-value transactions and protecting users’ assets from unauthorized access.
AI-based security improvements: 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 improving user security.
User security improvements: strengthening risk control methods: At Bybit, security and user experience are paramount. Bybit puts great efforts into ensuring the safety of its users’ assets, including 24-hour automatic emergency response systems, ensuring a quick response to protect accounts.
Go deeper with Bybit's AMA session
Want to learn more about these exciting security updates and how they can benefit you? Join Bybit for a live Q&A (AMA) session on Tuesday, August 6. Our security experts will be on hand to answer your questions and discuss Bybit’s commitment to user security. Don’t miss this opportunity to gain insight and improve 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 enhance its security is a testament to its industry leadership and proactive approach to ensuring its 37 million users experience the best protection and security. The integration of these security enhancements strengthens users’ accounts against potential threats and underlines Bybit’s role as a pioneer in the cryptocurrency exchange landscape.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange platform by trading volume, serving over 37 million users. Founded in 2018, Bybit offers a professional platform where cryptocurrency investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula One constructors’ and drivers’ champions – the Oracle (NYSE:) Red Bull Racing Team.
For more details about Bybit, users can visit Bybit Press.
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ContactHead of public relationsTony AuBy bit[email protected]
This article was originally published on Chainwire
