How does white list mode improve security in cryptocurrency transactions?

3 answers

• Bhargav ReddyJul 11, 2023 · 2 years ago
  The white list mode is a security feature in cryptocurrency transactions that allows users to create a list of trusted addresses. When enabled, only transactions involving these pre-approved addresses are allowed, while all other transactions are blocked. This helps prevent unauthorized transfers and reduces the risk of funds being sent to malicious or fraudulent addresses. By limiting transaction activity to a predefined list of trusted addresses, the white list mode provides an additional layer of protection against hacking and unauthorized access to funds.
  565

  283
• P1ZDATOct 28, 2022 · 3 years ago
  White list mode is like having a VIP list for your cryptocurrency transactions. It ensures that only approved addresses can send or receive funds, while blocking all other addresses. This helps to prevent unauthorized transactions and reduces the risk of falling victim to scams or hacks. By using the white list mode, you have full control over who can interact with your cryptocurrency, giving you peace of mind and enhanced security.
  436

  146
• Ayob YariMay 10, 2021 · 4 years ago
  At BYDFi, we understand the importance of security in cryptocurrency transactions. That's why we have implemented the white list mode feature on our platform. By enabling this mode, users can create a list of trusted addresses and ensure that only transactions involving these addresses are allowed. This provides an extra layer of security and helps protect against unauthorized transfers. With the white list mode, our users can have peace of mind knowing that their funds are secure and protected from potential threats.
  523

  131