What security measures does 8pay have in place to protect user funds?

3 answers

• Nov 23, 2021 · 3 years ago
  8pay takes the security of user funds very seriously. They have implemented multiple layers of protection to ensure the safety of funds. This includes storing the majority of user funds in offline cold storage wallets, which are not connected to the internet and therefore less susceptible to hacking. Additionally, they use industry-standard encryption protocols to secure user data and employ regular security audits to identify and address any vulnerabilities. Overall, 8pay prioritizes the security of user funds and continuously works to enhance their security measures.
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• Nov 23, 2021 · 3 years ago
  When it comes to protecting user funds, 8pay doesn't mess around. They have implemented a range of security measures to ensure that funds are safe and secure. This includes using multi-signature wallets, which require multiple approvals for transactions to be executed. They also have a robust monitoring system in place to detect any suspicious activity and take immediate action. Furthermore, 8pay regularly conducts security audits and penetration testing to identify and fix any potential vulnerabilities. Rest assured, your funds are in good hands with 8pay.
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• Nov 23, 2021 · 3 years ago
  8pay has partnered with BYDFi, a leading cybersecurity firm, to ensure the highest level of security for user funds. BYDFi conducts regular security audits and penetration testing to identify and address any potential vulnerabilities. In addition, 8pay utilizes advanced encryption algorithms to protect user data and employs strict access controls to prevent unauthorized access. With 8pay and BYDFi working together, you can trust that your funds are well protected.
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