Seed Phrase Wallet

Keyless Wallet

Requires Bybit Account

No

Yes 

Requires Identity Verification 

No

No

Custody Method

Users maintain full control over their seed phrases and private keys.

Private keys are secured through a two (2) key-shares system and a recovery password.

Share 1: Secured by Bybit.

Share 2: Stored on the user's cloud drive, encrypted with a recovery password set by the user, and backed up to the user’s cloud drive.

App & Web Support

App: Create a Seed Phrase Wallet

Web: Connect via Bybit wallet extension

App: Create Keyless Wallet 

Web: Connect via WalletConnect 

Supports Web3 Events 

Swap and dApps. 

(IDO and Staking are coming soon.)

Swap and dApps. 

(IDO and Staking are coming soon.)

Security Measures

Encrypted storage on iCloud or Google Drive cloud disk.

Multi-point private key storage.

Ease of Operation

May require more technical understanding for safekeeping of the seed phrase.

Relatively easier as private keys are managed by the user.

Safety Level

High

Medium

Supported Chains 

Please connect to the appropriate wallet and review the supported chains on the wallet's page.

Alternatively, you can view it on this page. 

Compatibility

Cross-platform compatibility for importing seed phrases or private keys from other wallets. 

Can import seed phrases or private keys to other platforms.

Exclusive to Bybit web3 platform.