How does Swapfish ensure the security of cryptocurrency swaps?

3 answers

• TanishaJan 24, 2025 · a year ago
  Swapfish takes several measures to ensure the security of cryptocurrency swaps. Firstly, all user funds are stored in cold wallets, which are offline and not accessible to hackers. Secondly, Swapfish uses multi-signature technology, requiring multiple signatures to authorize transactions, which adds an extra layer of security. Additionally, Swapfish employs strict KYC (Know Your Customer) procedures to prevent fraudulent activities. Lastly, Swapfish regularly conducts security audits and penetration tests to identify and fix any vulnerabilities in their system.
  567

  284
• Thaysen McCurdyApr 25, 2021 · 5 years ago
  When it comes to the security of cryptocurrency swaps, Swapfish doesn't mess around. They've implemented top-notch security measures to protect user funds. With their cold wallet storage, your cryptocurrencies are kept offline and out of reach from potential hackers. Plus, their multi-signature technology ensures that no transaction can be authorized without multiple signatures, making it nearly impossible for anyone to tamper with your swaps. And don't forget about their strict KYC procedures, which help to weed out any bad actors. Swapfish takes security seriously, so you can swap with confidence.
  606

  202
• Phong Nguyễn ThanhOct 04, 2024 · a year ago
  Swapfish is committed to providing a secure environment for cryptocurrency swaps. They prioritize the safety of user funds by storing them in cold wallets, which are not connected to the internet and therefore less susceptible to hacking attempts. In addition, Swapfish employs multi-signature technology, requiring multiple parties to authorize transactions, ensuring that no single individual can access or manipulate funds. Furthermore, Swapfish conducts regular security audits and penetration tests to identify and address any potential vulnerabilities. By taking these proactive measures, Swapfish aims to provide users with a secure and reliable platform for their cryptocurrency swaps.
  693

  174