Bybit's withdrawal address book now includes enhanced security features, allowing users to withdraw funds conveniently while ensuring the safety of their account's withdrawal functions.
Accessing Withdrawal Security Settings
You can view these settings through:
- Web Platform: Hover over your profile icon in the top-right corner and click Account & Security.
- Mobile App: Tap your profile icon on the homepage, then navigate to Security Settings → Withdrawal Safety Management.
Below is a guide to the newly added features:
- Withdrawal Without Verification
- Withdrawals Only to Address Book
- New Address Withdrawal Restrictions
- Managing Cryptocurrency Withdrawal Limits
1. Withdrawal Without Verification
This feature lets you whitelist verified withdrawal addresses, skipping email and 2FA verification for future withdrawals.
Steps to Enable:
- Go to Wallet Management or click Withdrawal Address Management in Account & Security.
- Click Add to create a new address or Edit to verify an existing one.
- Enter the currency, blockchain, and wallet address, then check "No Verification Needed Next Time". Confirm.
- Enter your email and 2FA codes when prompted.
- Toggle "Withdrawal Without Verification" to activate.
👉 Learn more about whitelisting addresses
Notes:
- Unverified addresses still require full authentication.
- Disabling the feature reverts all addresses to standard verification.
- To remove verification, uncheck the option under Edit.
2. Withdrawals Only to Address Book
Restrict withdrawals to pre-saved addresses only, blocking new address inputs.
Steps to Enable:
- Toggle the feature On in Account & Security.
- Confirm the action in the pop-up.
- Enter 2FA to finalize.
Note: Disabling requires email and 2FA verification.
3. New Address Withdrawal Restrictions
Newly added addresses face a 24-hour withdrawal freeze.
Steps to Enable:
- Turn On in Account & Security.
- Confirm and submit 2FA.
Notes:
- Disabling also triggers a 24-hour freeze.
- Existing addresses remain unaffected.
4. Managing Cryptocurrency Withdrawal Limits
Set daily/monthly withdrawal limits for better control.
Steps:
- Enter desired limits and submit.
- Complete security verification.
Note: Limits align with your VIP level and verification tier. Changes apply to future withdrawals.
👉 Explore advanced security features
FAQs
Q1: Can I withdraw to an unverified address?
A: Yes, but it requires full email and 2FA authentication.
Q2: How do I remove an address from the whitelist?
A: Edit the address and uncheck "No Verification Needed".
Q3: What happens if I disable "Only Address Book Withdrawals"?
A: You can input new addresses, but a 24-hour freeze may apply.
Q4: Are withdrawal limits instant?
A: No, they affect only subsequent requests.
Q5: Why can’t I withdraw to a new address immediately?
A: The 24-hour restriction ensures security. Plan ahead.
By optimizing these features, you balance convenience with robust security. Always verify settings to match your transaction needs.