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What will happen to our funds as BitMEX customers?

avatarAnshulDec 15, 2021 · 3 years ago3 answers

As a BitMEX customer, what will happen to my funds in the event of any issues or problems with the platform?

What will happen to our funds as BitMEX customers?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    In the event of any issues or problems with the BitMEX platform, such as a technical glitch or a security breach, the safety of your funds is of utmost importance. BitMEX has implemented various security measures to protect customer funds, including cold storage of cryptocurrencies and multi-signature wallets. However, it is always recommended to have a backup plan and not keep all your funds on a single exchange. Consider diversifying your holdings across multiple platforms or using hardware wallets for added security.
  • avatarDec 15, 2021 · 3 years ago
    If there are any issues or problems with BitMEX, your funds should be safe. BitMEX has a strong track record of security and has taken measures to protect customer funds. However, it's important to note that no exchange is completely immune to risks. It's always a good idea to stay informed about the latest security practices and consider using additional security measures, such as two-factor authentication, to further protect your funds.
  • avatarDec 15, 2021 · 3 years ago
    As a BitMEX customer, your funds are held in segregated accounts, which means they are kept separate from BitMEX's own operational funds. This ensures that even in the event of any issues or problems with the platform, your funds will remain safe and accessible. BitMEX has a dedicated team that closely monitors the platform's security and takes necessary measures to protect customer funds. However, it's always recommended to stay vigilant and keep yourself updated with the latest security practices to ensure the safety of your funds.