common-close-0
BYDFi
Trade wherever you are!

How does Paribus Crypto ensure the security of digital currency transfers?

avatarAli SabziDec 28, 2021 · 3 years ago1 answers

Can you explain the measures taken by Paribus Crypto to ensure the security of digital currency transfers? How does Paribus Crypto protect against hacking and fraud?

How does Paribus Crypto ensure the security of digital currency transfers?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    Paribus Crypto is dedicated to ensuring the security of digital currency transfers. They have implemented a robust security infrastructure that includes secure servers, firewalls, and intrusion detection systems. These measures help protect against unauthorized access and hacking attempts. Paribus Crypto also uses a combination of hot and cold wallets to store users' funds. Hot wallets are used for day-to-day transactions, while the majority of funds are stored in cold wallets that are offline and inaccessible to hackers. Additionally, Paribus Crypto employs strict KYC (Know Your Customer) procedures to verify the identity of users and prevent fraudulent activities. They also have a 24/7 monitoring system in place to detect and respond to any suspicious activity. With these security measures in place, Paribus Crypto ensures the safety and security of digital currency transfers for its users.