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Secure your Bybit account before the first deposit: an ordered setup

Guides · 2026-10-01

A new exchange account with funds in it and no security settings is an attractive target. Yet many people open a Bybit account, deposit straight away and plan to sort out security later. Later often never comes, or comes too late. The order in which you set things up matters: protections should be in place before money arrives, not after. This guide gives you a short, ordered setup to complete before your first deposit, with an explanation of what each step protects against so you understand why it is worth the few extra minutes.

Step one: a unique password and a safe email

Use a long password that you have never used on any other site, ideally generated and stored by a password manager. Reused passwords are the easiest way into an account, because leaks from unrelated websites are tested against exchanges automatically. Then check the email address linked to Bybit. It should have its own strong password and its own second factor, since control of your inbox can be used to reset other credentials.

Step two: a strong second factor

Enable two-factor authentication with an authenticator app or a passkey rather than relying solely on SMS. Phone numbers can be hijacked through SIM swap fraud, which makes text codes weaker than they look. Store the authenticator backup key offline on paper. If passkeys are available, register them on a trusted device and test logging in before depositing.

Step three: phishing and withdrawal protections

Set an anti-phishing code so that genuine Bybit emails display a phrase only you know. Enable the withdrawal address whitelist so that funds can only go to addresses you have approved. Together, these settings defeat many of the most common scams, including fake security alerts and attempts to withdraw quickly after stealing a password. Check the help centre for current names and options, as these can change.

Step four: review, then deposit

Before depositing, open the device and session list and remove anything unfamiliar. Write down on paper which email, phone number and second factor the account uses, without recording the password itself. Then make a small first deposit and confirm it appears where you expect. Only after that should you consider larger amounts. Revisit these settings every few months and after changing phones.

Risk boundary: Bybit Deposit Guide

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