Snapshot:
The safest cryptocurrency exchange in India; CoinDCX, takes the security of the digital assets and all private information stored within the platform very seriously. CoinDCX’s user funds are insured by $100 million BitGo insurance. Our team conducts regular audits and keeps updating themselves upon existing protocols to ensure that our security measures are solid and impenetrable. The other measures implemented by the platform to ensure world-class security are:
To further ensure maintenance of all the necessary cryptocurrency security protocols we are always upgrading ourselves with industry-best security measures along with regular testings to check any violations. The implemented cutting-edge protocols safeguard the digital coins and private keys of all users from any attempts at hacks and malicious attacks. The technology and security team of CoinDCX consists of some of the industry-best individuals. They conduct regular research on potential attacks and work towards guaranteed protection with innovative solutions.
One of the largest and prominent overseers for digital assets is BitGo. Their policies are purpose-built to look over digital assets and cryptocurrencies. Implementation of the BitGo custody on the CoinDCX exchange assures the security of the assets, and cryptocurrencies with the use of segregated hot and cold wallets along with two-factor authentication (2FA) for all accounts. A fraction of the total funds that have been traded on the CoinDCX exchange will be protected by the $100 million USD insurance policy from BitGo. This insurance policy also includes cryptocurrencies that our users are holding on Lend. Simply put, CoinDCX is using BitGo services to provide the best security to its cold wallet funds.
The customer base of BitGo includes the largest cryptocurrency exchanges and various institutional investors spanning over 50 countries. There are over 250 coins and crypto tokens that BitGo supports. It also processes over 20% of the worldwide on-chain Bitcoin transactions. One of BitGo’s most significant innovations was perfecting and pioneering multi-signature security in 2013 when exchanges were a handful and most of the world had yet to hear of Bitcoin.
Continuing our dedication to using the best security measures to safeguard user data and funds CoinDCX has deployed the following methods to ensure industry-best practices. Trust us and keep exploring the evolving crypto space on CoinDCX.
Last year our security head Akash Mishra and our Head of Marketing Ramalingam Subhramanian conducted an AMA on security. Here are some of the precautions that one can take to reduce the chance of them getting hacked. These steps are true for any platform on the internet and not just CoinDCX.
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