Safe trading on BitXmi
Safe Trading Trends 2020
Today, there are more than 1000 cryptocurrency exchanges on the market for the purchase, sale, exchange and storage of cryptocurrencies. Such exchanges attract new users with their reputation, low commissions, availability of trading pairs, location, trading volumes, simple interface, trading tools and also various bonuses for token holders. These criteria make beginners choose top exchanges without thinking about the safety of assets on the advertised resources, which often leads to a loss of funds not only as a result of hacker attacks but also due to the dishonest approach of the owners of cryptocurrency exchanges.
We will not describe for a long time the hacking of the famous Bitfinex exchange in 2016 with financial losses of more than 65 million dollars and the no less popular Binance exchange that lost $ 40 million last year. All these cases prove only one thing – there is no single security solution for cryptocurrency trading.
The solution to this particular problem lies in the ideology of the formation of the BitXmi exchange, which we will talk about below.
Cybersecurity and data security of Bitxmi`s users is provided by the most modern software from ChainUp, whose reliability is trusted by more than 200 cryptocurrency exchanges. This year, the BitXmi cryptocurrency exchange operates in accordance with the 2019 MAS (Monetary Authority of Singapore) Act. The legal team working on receiving a license from the government of Singapore – one of the leading countries in supporting the cryptocurrency market.
Another important security factor for the BitXmi cryptocurrency exchange is KYC and AML, which increases the safety and security of traders’ funds. So if a fraudster receives the password of the trader’s account, he will not be able to withdraw funds without going through 2FA and additional proof of identity.
ChainUp, as a BitXmi partner, ensures security and helps prevent fraud through the following tools:
- Sanctions check;
- Tracking chargebacks;
- Risk management;
- Keeping of regular records even for the smallest of prescribed periods;
- Educating employees about potential risks related to frauds and money laundering;
BitXmi exchange also following the International Sanctions Policy (ISP), and according to it – exchange does not indulge in any transactions with individuals, companies and countries that are placed on the sanction lists.
Since 2018, Bitxmi Pte Ltd has been methodically working on improving the BitXmi exchange together with experienced developers, creating during this time a truly convenient, functional, understandable, and most important – safe trading platform for all categories of traders.
Join us and trade safely on BitXmi.
Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.