How Safe is Our Bitcoin Exchange? HitBTC Official Blog

How Safe is Our Bitcoin Exchange? HitBTC Official Blog

About the security of our bitcoin exchange

How safe is the bitcoin exchange I’m using? I’m sure many of you have asked this question. We’re here to waterput your mind at surplus and explain some of our features that are waterput ter place to make sure your assets are at the lowest risk possible.

Two-Step Verification

Wij strongly advise you to set up two-factor authentication on our bitcoin exchange. This way you can zekering any malicious attempts of access to your account. Setting it up is pretty plain.

Go to our settings pagina to set it up now.

What is two-step verification?

Two-step verification is a type of multi-factor authentication. This means you need Two phases of passwords or something you own to access a service or gegevens. The simplest example is a canap card and a Speld – a handelsbank card being something you own and a Speld is something you use to verify yourself. Now the more modern option is mobile verification. Spil you have already set up an account on our bitcoin exchange with a password that only you know it is a good idea to add another dimension to the security. This is where mobile two- step verification comes ter.

This treatment uses mobile devices such spil mobile phones and smartphones to serve spil the something you wield. If users want to authenticate themselves, they can use their private access license (i.e. something that only the individual user knows) plus a one-time-valid, dynamic passcode consisting of digits. The code can be sent to their mobile device by SMS or via a special app. For added security you could also specify how many incorrect entries are permitted before the system blocks access.

Safety features on our bitcoin exchange

Spil I already explained the two-factor verification on our bitcoin exchange that can be used both on logging te and withdrawals here’s a bit more on what makes our bitcoin exchange safe to use:

  • Wij have a Latest Activity chart at the bottom of the settings/security pagina, to notify you if someone is attempting to access or has accessed your account maliciously
  • Verification is built into the withdrawal process
  • Wij also use cold wallets and store coins securely offline – the cold wallets are secured with multi-key encryption. They are stored te a safe location.
  • DDos protection
  • SSL and Gegevens encryption

Our developers have worked on a very exceptional set of protection matters spil the mentioned state of kunst cryptography combined with FIPS validation and offers of two-factor authentication. And wij are always finding ways to improve and update the safety features on our bitcoin exchange.

What can you do to keep your coins safe?

Firstly – never give out your password for anyone. It is also not recommended to write the passwords down but if you undoubtedly vereiste – make sure they are encrypted and kept ter a safe place. Regarding your bitcoin wallet wij also recommend you use cold storage – printing out your bitcoin wallet and keeping it te a safe place. Read more about cold storage here .

I hope this has waterput your mind at surplus. Wij are working around the clock to make sure our bitcoin exchange is up to date and spil safe for our traders spil possible. If you notice some fraudulent activity or something suspicious on your account do let our support know spil soon spil possible.

Embark trading on our bitcoin exchange with a peace of mind!

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