Bybit has enhanced its withdrawal address book with additional security features, streamlining the withdrawal process for traders while ensuring account safety. These improvements provide greater control and protection for your crypto assets.
Accessing Withdrawal Security Settings
You can manage these features through:
- Website: Click your profile icon (top-right corner) → Select Account & Security
- Mobile App: Tap your profile icon (top-left corner) → Navigate to Security → Withdrawal Security
Key Security Features Explained
1. Withdrawal Address Whitelisting
This function lets you verify wallet addresses, eliminating the need for email verification codes or 2FA during future withdrawals to approved addresses.
Implementation Steps:
- Access the wallet management page via Account & Security
- Click Add (top-right) or select an existing address to edit
Enter:
- Correct currency/blockchain information
- Wallet address
- Check "Skip verification for this address next time"
- Complete both email verification and 2FA authentication
- Activate the whitelist function (toggle in top-right corner)
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Important Notes:
- Non-whitelisted addresses still require full verification
- To remove verification: Edit address → Uncheck the skip verification option
- Addresses remain in your book after unverification
2. Address Book-Only Withdrawals
This security measure restricts withdrawals exclusively to addresses saved in your address book, preventing transfers to new, unverified destinations.
Activation Process:
- Toggle the function in Account & Security settings
- Confirm your selection in the popup window
- Complete 2FA verification
Deactivation Requires:
- Both email verification and 2FA codes
- 24-hour withdrawal restriction period post-deactivation
3. New Address Withdrawal Block
This 24-hour lock prevents withdrawals to any addresses added within the last day, giving you time to detect and prevent unauthorized additions.
How to Enable:
- Toggle the function in security settings
- Confirm activation
- Complete 2FA verification
Key Details:
- Affects only addresses added within 24 hours of activation
- Full verification required to disable
- 24-hour withdrawal restriction applies after disabling
4. Custom Withdrawal Limits
Take control of your crypto flow by setting personalized daily/monthly withdrawal limits that fit your trading strategy.
Setting Your Limits:
- Enter desired amounts for daily/monthly thresholds
- Click Submit
- Complete security verification
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Important Considerations:
Maximum limits depend on:
- Your verification level
- VIP status
- Changes affect only future withdrawals (not pending requests)
- Platform-wide maximums still apply
FAQ Section
Q: How many addresses can I whitelist?
A: Bybit currently allows unlimited address whitelisting, but practical limits may apply based on your account status.
Q: Can I withdraw immediately after adding a new address?
A: Only if you haven't enabled the 24-hour new address block. Otherwise, wait periods apply.
Q: What happens if I lose access to my 2FA device?
A: Contact Bybit support immediately. Account recovery requires identity verification and may take several days.
Q: Are withdrawal limits calculated in USD or crypto?
A: Limits apply to the crypto amount being withdrawn, not its USD equivalent.
Q: Can I set different limits for different cryptocurrencies?
A: Currently, limits apply collectively across all supported cryptocurrencies.
Q: How often can I change my withdrawal limits?
A: You can modify limits at any time, subject to verification requirements.
By implementing these security features, you're taking proactive steps to safeguard your cryptocurrency assets while maintaining convenient access to your funds. Remember that security and convenience often require careful balance in the crypto space.