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how to verify seed phrase on bybit

Bybit offers a seed phrase verification feature to ensure the accuracy and security of your private keys, protecting your cryptocurrency assets from unauthorized access.

Nov 09, 2024 at 03:59 am

How to Verify Seed Phrase on Bybit

Bybit, a cryptocurrency exchange, enables users to store their private keys in the form of a seed phrase. To ensure the accuracy and security of your seed phrase, it's crucial to verify it. Here's a step-by-step guide to verify your seed phrase on Bybit:

1. Access Seed Phrase Verification

Log in to your Bybit account.
Navigate to Assets > Security > Seed Phrase Verification.

2. Enter Seed Phrase

Enter your complete seed phrase in the designated field.
Ensure that it is the seed phrase you created when setting up your Bybit account.

3. Click "Verify"

Click on the "Verify" button.
Bybit will verify your seed phrase and display a confirmation message.

4. Check "Verified" Status

Refresh your Bybit account.
On the Security page, under the Seed Phrase Verification section, you should see the status as Verified.

Additional Tips:

Write down your seed phrase manually and store it securely, separate from your computer or mobile device.
Keep your seed phrase private and do not share it with anyone, including Bybit employees.
If you lose your seed phrase, you will not be able to access your Bybit account or recover your funds.
Bybit does not store or have access to your seed phrase. It only verifies the phrase you provide.

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