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.