There's a few different types of wallets that we can actually set up within the Bybit app. Actually, they're all the same type of wallet but they keep the seed phrase and the wallet's keys slightly differently, so you can choose between them. You can have all of them running at once if you want anyway.
Now there's some different options to set up the different types of wallets. The first option is letting Bybit create and hold the keys to the wallet. So this is not self-custody on your behalf. Bybit is keeping the keys and signing the transactions and everything. ... The other way you can see down here import wallet. This is importing your own wallet if you have it already. So if you're using a hot wallet like Trust Wallet or something else and you have the seed phrase, you can just import it here and use it within the Bybit app. And the other one, if you press create wallet at the top, is an MPC wallet.
So if you go back to the page, you can see I'm in managed wallets here. I have the keyless wallet set up, which is MPC. I also have Bybit wallet, which is custodial here. And if you want to press add wallets, you can import your seed phrase as well if you want. Once you've got one or more of the wallets set up, it will take you to this wallets page so you can see all of the assets and then all of the supported blockchains.
We can deposit and withdraw from the wallet now. Bybit supports the Bybit wallet, the custodial wallet, automatically with the Bybit exchange. If you're using MPC or your own seed phrase and you've loaded your own wallet in here, it won't be automatically linked to the exchange. You'll have to deposit and withdraw manually. But if you are using the custodial wallet, you can very easily deposit and withdraw.
Now we'll use the Swap and Bridge feature within the app. This is a decentralized exchange. ... Now we'll have a look at using the D browser. If you don't want to use the swap feature or any of the apps that they give you then you can use the protocols directly through that browser. ... If you need some more help on sending and receiving cryptos out of wallets, how to use blockchains with gas, and how to use exchanges, I'll leave all of those videos down in the description as well.
Q: What are the different types of wallets that can be set up in Bybit Web 3 Wallet?
A: There are a few different types of wallets that can be set up within Bybit Web 3 Wallet, which all keep the seed phrase and the wallet's keys slightly differently.
Q: What are the options for setting up a Bybit Wallet in Bybit Web 3 Wallet?
A: The options include letting Bybit create and hold the keys to the wallet, importing your own wallet if you have it already, and creating an MPC wallet.
Q: How can wallets be managed and which blockchains are supported in Bybit Web 3 Wallet?
A: Wallets can be managed by importing seed phrases, and supported blockchains include Bybit wallet and other keyless wallets using MPC.
Q: How can funds be deposited and withdrawn in Bybit Web 3 Wallet?
A: Funds can be deposited and withdrawn easily with the Bybit wallet, while with MPC or self-imported wallets, manual deposit and withdrawal are required.
Q: What features are available for swapping and using D Browser in Bybit Web 3 Wallet?
A: Users can utilize the Swap and Bridge feature for decentralized exchange and also access the D Browser to interact directly with protocols.
