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Securing your Bybit EU account isn’t just an option. In fact, it's a necessity. The decentralized nature of cryptocurrency markets, while offering numerous advantages, also presents unique security challenges. With cyber threats and scams on the rise, safeguarding your Bybit trading account is paramount to ensuring that your funds and personal information remain safe.
Key Takeaways:
Having additional layers of security — such as enabling two-factor authentication (2FA), using a Passkey and setting up a withdrawal lock — is crucial for safeguarding your funds.
Besides using a strong and unique password, being vigilant is key in identifying any unauthorized access or transactions in your Bybit EU account.
Having a proactive approach can also help you to address potential threats and secure your account.
You can create an account on Bybit EU via either the exchange’s official website or the Bybit App mobile application. We’ll first outline the steps for website-based registration.
Step 1: Visit the official Bybit EU homepage and click on the Sign Up button in the top-right corner to get started. Note: Make sure you're accessing the legitimate site to protect yourself from phishing attempts.
Step 2: Select your country/region of residence from the drop-down menu when prompted.
Step 3: Enter your email address in the provided field. Check the box to agree to Bybit EU's Terms of Service and Privacy Policy, then click on Create Account.
Alternatively, you can choose quick registration options through either Google or Apple to use your Apple ID email address or create a private relay address.
Step 4: Enter the six-digit verification code that Bybit has sent to your email address. Make sure to check your spam or junk folder if you don't see the message immediately.
Step 5: Set a login password containing 8–30 characters, including at least one uppercase letter, one lowercase letter and one numeral, then click on Create Account. Using the same password on different websites makes credential stuffing easy. That’s when attackers take login details stolen from one site and try them on others until something works. For example, if you use the same password for an online shop and your Bybit EU account, a hacker who breaks into the shop could see your payment details, figure out you use Bybit EU, and then log in to your Bybit EU account with those same credentials.
Step 6: Complete your Identity Verification by selecting one of the verification options and following the step-by-step instructions displayed on your screen.
You can find detailed info on Bybit EU’s know your customer (KYC) requirements here.
If you prefer to sign up via the Bybit EU App, first download it from either the App Store, Google Play or via the direct link, and install the App. Then, follow these steps:
Step 1: Tap on Sign Up in the top-right corner. Just like on the web, you can create your account using an email address or phone number, or register with your Google, Apple or Telegram account. If you use one of these platforms, make sure you also have 2FA and security protections enabled on that account too.
Step 2: Enter your email address or phone number, and tap on Sign Up Now. A verification code will be sent to your email address or phone number.
Step 3: Enter the verification code, and then create your password.
Step 4: Tap on Verify My Identity to go through the quick KYC procedure.
The security of your cryptocurrency investments relies on a series of precautionary measures. Follow these steps to safeguard your funds effectively.
Before you begin:
Log in to your Bybit EU account
Navigate to the Account tab on the left, and choose Security in your dashboard
Now, you can enable the following features:
One of the most effective ways to secure your Bybit EU account is by enabling two-factor authentication (2FA). This adds an extra layer of security by requiring a second form of verification, in addition to your password. We recommend enabling Google 2FA immediately after logging in to your Bybit EU account.
Follow these steps to enable Google 2FA:
Step 1: Hover over your profile icon in the top-right corner of the homepage, click on Account from the drop-down menu, then click on Security from the drop-down menu on the left side of your screen.
Step 2: Scroll down to find the Advanced Protection section and click on the Settings button next to Google Two-Factor Authentication.
Step 3: You'll be asked to enter the verification code sent to your registered email or phone number. After you enter it, you'll be taken to a screen that provides instructions on downloading and setting up the Google Authenticator app. In the same screen, you'll see a field to enter your Google 2FA Code and a Bybit QR code (and an alternative alphanumeric key under the QR code if you prefer to enter that into Google Authenticator, instead of scanning the code).
Step 4: Download and set up the authenticator app per the screen's instructions.
Step 5: Scan the QR code with the authenticator app. Alternatively, enter the key shown just under the QR code.
Step 6: To complete the setup, enter the code generated by the app into Bybit.
Bybit will prompt you for the 2FA code every time you log in, significantly enhancing the security of your account.
Bybit has introduced Passkey 2.0, a Fast Identity Online (FIDO) passkey that uses biometrics registered on your device for secure authentication. Passkeys represent an even more advanced form of account protection than 2FA.
To set up your passkey, follow the steps below:
Step 1: Go to the Account & Security page. Next to the Passkeys option, click on Settings.
Step 2: Click on Add Passkey.
Step 3: Next, a screen introducing the passkey will appear. Click on Continue.
Step 4: Select your passkey method from the pop-up window.
a) iCloud Keychain: Click on iCloud Keychain, and verify with your password or biometrics. The Passkey will be synchronized across all of your Apple devices using the same Apple ID.
b) Another device: Scan the QR code with your phone or tablet, and follow the prompts on your phone to add the key. If you want to create the Passkey on your USB Security Key, insert the USB Security Key to add the Passkey. The created key will be saved on both devices.
c) Password or biometrics (your browser profile): Click on Continue and verify your request with your password or biometrics. For example, you can use Touch ID on your Mac. The Passkey you create will only be saved on this device.
A Fund Password adds an essential layer of security to your account that's separate from your login password. This password is required for security verification and withdrawals, and helps to safeguard your funds even if someone gains unauthorized access to your login credentials. To set up your Fund Password, follow the steps below:
Step 1: In the Advanced Protection section, locate Fund Password, then click on Settings.
Step 2: Create your Fund Password by following the on-screen requirements for password strength, then click on Confirm. For maximum security, ensure that your Fund Password is different from your account login password.
Step 3: Enter the verification code sent to your registered email address/mobile number, or your Google Authenticator code, to verify this security change.
To prevent phishing attempts, we recommend setting up an anti-phishing code. This security feature allows you to create a personalized code that appears in all legitimate emails and text messages from Bybit EU. By including your unique code in our communications, you can quickly identify authentic messages from our platform.
If you receive an email or text that claims to be from Bybit EU but doesn't display your anti-phishing code, or if it shows a different code than the one you created, it's likely a phishing attempt designed to steal your credentials or funds. In such cases, do not click on any links or take any actions requested in that message. Instead, report the suspicious communication by clicking Report on this page and access your account directly through the official Bybit EU website.
To set up your anti-phishing code, follow the steps below:
Step 1: In the Advanced Protection section, locate Anti-phishing Code, and then click on Settings.
Step 2: Enter your preferred anti-phishing code in the next screen, and click on Confirm. Your code will be set and will be used for Bybit EU's email and text communications with you.
Enabling the New Address Withdrawal Lock feature restricts any newly added withdrawal address from being used for a 24-hour period. This provides an additional layer of security and helps prevent unauthorized withdrawals. To set up the New Address Withdrawal Lock, follow these steps:
Step 1: Scroll down to the Withdrawal Security section. Toggle the switch on for the New Address Withdrawal Lock option.
Step 2: You'll be asked to confirm turning on the function. Click on the Confirm button.
Step 3: As the final step, you'll be asked to enter a verification code that’s sent to your email or phone (or generated in your 2FA authenticator app).
If you notice or suspect that your account is at risk of being hacked, you are advised to deactivate your account from the account security page under Account Activities → Deactivate an Account.
To ensure the legitimacy of any Bybit-related domains or sources of information (such as emails, phone numbers, URLs or social media accounts), kindly utilize the Bybit EU’s Authenticity Check feature.
If you suspect malicious activity in your Bybit EU account, it’s crucial to reach out to Bybit EU Customer Service immediately to ensure the security and integrity of your account. Time is of the essence in such scenarios, as any delay could potentially result in significant financial losses or further unauthorized access.
Indications of malicious activity might include unexplained changes to your account settings, unfamiliar login attempts or locations, unexpected transactions, or emails alerting you to password changes or security alerts you did not initiate.
If you notice any of these red flags, you should promptly contact Bybit EU Customer Service through our official support channels, such as our online chat service or email support, or through the support ticket system available on the Bybit EU platform. Providing detailed information about the suspicious activity, including dates, times and any relevant screenshots, can help the support team respond more effectively and swiftly.
Additionally, while waiting for a response, it’s advisable to change your account password, enable two-factor authentication (if it’s not already activated) and monitor your account for any further unusual activity. By acting quickly and contacting Bybit EU Customer Service at the first sign of suspicious activity, you can mitigate the risk of extensive damage and secure your account against potential threats.
Securing your Bybit EU account requires a proactive approach and a commitment to best practices in digital security. You can significantly reduce the risk of falling victim to scams and losing your funds by enabling two-factor authentication, using strong passwords, being vigilant against phishing scams, monitoring your account activity, securing your email, avoiding public Wi-Fi, keeping your software updated, being aware of social engineering attacks, using cold storage for long-term holdings and regularly backing up your data.
Remember, the security of your cryptocurrency investments is ultimately in your hands. Stay informed, stay cautious and make security a top priority in your trading activities.
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