Yes, it is safe to make a deposit to Bybit and store your Cryptocurrencies.

To protect the funds of its clients, Bybit uses a multi-signature cold wallet where they store clients’ funds.

100% of its clients’ funds are stored in the different cold wallets at the individual account level.

The industry-leading and multi-signature cold wallet will maintain a high level of asset security.

With Bybit, you can store your Cryptos worry-free as all withdrawal requests will undergo a stringent procedure that carries out confirmation for withdrawals.

In addition, 100% of the traders’ deposit assets will be segregated from Bybit’s operating budget for increased financial accountability.

*For Bybit wallet 2.0 to support immediate withdrawal, only a small percentage of coins will be held in the hot wallet. As a way to protect the client’s funds, the remaining will still be kept in the cold wallet.

Go to Bybit Official Website