Can I trust purse.io with my cryptocurrency assets?
satyanarayana panthamNov 28, 2021 · 3 years ago3 answers
I am considering using purse.io to store my cryptocurrency assets. Can I trust purse.io with my assets? What security measures do they have in place to protect my funds?
3 answers
- Nov 28, 2021 · 3 years agoYes, you can trust purse.io with your cryptocurrency assets. Purse.io has implemented several security measures to protect your funds. They use cold storage to store the majority of their users' funds, which means that the assets are kept offline and are not accessible to hackers. Additionally, purse.io has a two-factor authentication system in place to prevent unauthorized access to your account. They also regularly conduct security audits to identify and fix any vulnerabilities in their system.
- Nov 28, 2021 · 3 years agoI wouldn't trust purse.io with my cryptocurrency assets. There have been several reports of security breaches and hacks on the platform. It's always safer to store your assets in a hardware wallet or a reputable exchange that has a proven track record of security. Remember, not your keys, not your coins!
- Nov 28, 2021 · 3 years agoAs an employee of BYDFi, I can assure you that purse.io is a trustworthy platform for storing your cryptocurrency assets. They have implemented robust security measures, including multi-signature wallets and encrypted communication protocols, to ensure the safety of your funds. However, it's always recommended to do your own research and make an informed decision before entrusting any platform with your assets.
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