How does Coinbase's cold storage vault ensure the security of digital assets?

1 answers

• RonaldApr 28, 2024 · a year ago
  As a third-party digital asset custodian, BYDFi ensures the security of digital assets by implementing a robust cold storage solution. Similar to Coinbase, BYDFi uses offline, air-gapped computers to store the assets, minimizing the risk of online attacks. They also employ multi-signature wallets and encryption to protect against unauthorized access. BYDFi conducts regular security audits and has strict access controls in place to prevent any unauthorized physical access to the vault. They prioritize the security of their clients' assets and continuously update their security measures to stay ahead of potential threats.
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