What is a Funds Password?
A funds password typically refers to a 6-digit code used for withdrawal verification on trading platforms. This security feature helps protect your assets from unauthorized transactions.
Steps to Set Up Your Funds Password
- Log in to your BIT account via the mobile app.
- Navigate to:
Profile Icon → Security Center → Funds Password → Reset. - Create a new 6-digit password.
Complete authentication via:
- SMS verification
- Email confirmation
- Google Authenticator (2FA)
🔒 Security Note: After changing your password, withdrawals will be temporarily disabled for 24 hours as a security precaution.
Best Practices for Funds Passwords
- Avoid simple sequences like "123456"
- Change your password periodically
- Never share your password with anyone
- Enable two-factor authentication (2FA) for added security
FAQ Section
Q: What if I forget my funds password?
A: Follow the same reset process outlined above. You'll need access to your registered email and 2FA methods.
Q: Why is there a 24-hour waiting period after resetting?
A: This cooling-off period prevents unauthorized withdrawals in case your account is compromised.
Q: Can I use the same password for login and funds?
A: While technically possible, we strongly recommend using different passwords for enhanced security.
👉 Learn more about advanced security measures
👉 Protect your digital assets today
Additional Security Resources
- Use password managers to generate/store complex passwords
- Be wary of phishing attempts asking for your funds password
- Regularly check your account's access history
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