Choosing where to store cryptocurrencies is a top priority for every investor. Can cryptocurrencies be securely stored on an exchange and how do exchanges ensure the security of assets? The choice of where to store cryptocurrencies affects the safety of savings, ease of use, and money management options. Crypto-assets can be stored in cold or hot wallets, depending on the owner's goals and plans. The safest method of storing crypto-assets is on a cold wallet, which is not connected to the internet and is therefore well protected against network hacks. The locked keys are stored on the device itself. This storage method is suitable for long-term investors. However, if a user is planning to trade cryptocurrencies and does not want to spend money on a special device, the choice is more likely to fall on a hot wallet or exchange. Cryptocurrency exchanges provide an option for storing cryptocurrencies in their wallets. Such wallets do not require a full blockchain download and can be used on mobile devices and have a fairly simple and user-friendly interface. However, this way of storing cryptocurrencies has its pros and cons.
We offer our users universal account security settings, which can be combined in any convenient variations.
- For example, secure authorization via OTP and email, and account withdrawal confirmation via Telegram and Jabber.
Among other things, you can restrict access to your account by IP. Adding an IP address to the list of allowed, you will be able to authorize from it, and attempts to sign in to your account from other addresses will be blocked. Please keep in mind that you can use IP restriction for static IP addresses. If you change your IP access settings, withdrawals will not be available for some time.
- It is also possible to protect your account via Jabber.
Jabber - it is the most popular open-source and safe protocol for instant messaging.
Jabber network is similar to e-mail. In this network, each user has an address (Jabber ID) in the format user@domain.com (i.e. the same format as email). Regardless of your geographic location you can use your address to authorize and communicate with your contacts by installing a Jabber client on your personal computer or smartphone. The Jabber network is decentralized, i.e. there are many servers managing the message exchange, making it as sustainable as possible.
- Withdrawal security
All deposit/withdrawal transactions take place through the Balance section. Fiat funds can be withdrawn by transfer to an individual or corporate bank account, cash in many countries of Europe, Middle East and CIS), as well as to Tinkoff Bank, Alfa, QIWI, Yandex.Money and Webmoney wallets. If you wish to transfer money to another person, you can generate a Cryptex code in the desired currency for any amount. There is no fee for the generation and activation of codes. The codes can be purchased or exchanged from the partners of the service. You may find the actual list of partners by contacting operator or look through the available exchange options on the bestchange monitor. There is no need to verify identity for deposits or withdrawals. It is recommended to store cryptocurrencies in your own wallets, but the exchange can be a temporary storage option. A system of cold wallets and suspicious activity monitoring reliably protects users' funds.
Be sure in your safety and trade with us.
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