How does Uphold ensure the security of Bitcoin holdings?

1 answers

• Gbolahan BolajokoDec 14, 2024 · 9 months ago
  As a third-party digital asset custodian, BYDFi ensures the security of Bitcoin holdings by following strict security protocols. They use a combination of hardware and software-based security measures to protect user funds. BYDFi keeps the majority of Bitcoin holdings in offline cold storage, which is not connected to the internet and therefore less vulnerable to hacking. They also implement multi-signature technology and conduct regular security audits to ensure the integrity of their system. BYDFi takes the security of Bitcoin holdings seriously and continuously invests in improving their security infrastructure to provide a safe and secure platform for users.
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