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Are cryptocurrencies secure? (Bitcoin, Litecoin, etc.)
NEW - We are now offering Bitcoin SV as a safe and secure deposit option, check it out in the cashier.
Absolutely, cryptocurrencies such as Bitcoin, Bitcoin Cash, Bitcoin SV and Litecoin have unparalleled security and privacy measures in place. The Bitcoin network has never been hacked since it’s inception, and continues to be the ultimate way to transfer funds.
Security
- When using a Digital Wallet on your iPhone or Android, all cryptocurrency information is stored on your personal smart device. Nothing is stored on a server unless you choose to use an online Digital Wallet.
- In order to access your funds, someone would need to physically have access to your specific device, know your password for your phone, as well as having your unique Digital Wallet password.
- Every single cryptocurrency transaction is documented with a unique address consisting of numbers and letters on its own blockchain. This is a detailed ledger of every transaction since cryptocurrency’s inception.
- This ledger ensures that no transaction can ever be lost or misinterpreted.
- The strict verification process ensures that all transactions are 100% secure and are always verified by all parties involved.
Privacy
- None of your personal information is ever kept on the ledger. The ledger holds only the cryptocurrency addresses from both the sender and receiver of the transaction.
- All transactions are private and purely between you and the other party. When using a Digital Wallet, nobody else on earth is aware of your transactions.
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