The legality and safety of the Bige trading platform
- WBOYOriginal
- 2024-08-21 15:34:021102browse
Binge Trading Platform is a digital asset exchange legally regulated in Hong Kong. To ensure security, it has adopted a number of measures, including: cold wallet storage, multi-signature technology, security audits, two-factor authentication, and anti-money laundering measures. In addition, a protection fund, customer insurance and a Bug Bounty scheme have been established.
Legality and safety of the Bige trading platform
Legitimacy
The Bige (BG) trading platform is a digital asset trading platform registered in Hong Kong, China, established in 2019. The company has obtained a license from the Financial Secretary of Hong Kong, allowing it to operate digital asset trading business. This means that CoinGate complies with the provisions of Hong Kong law and is a regulated and legal digital asset trading platform.
Security
Binge has taken the following measures to ensure the security of the platform:
- Cold wallet storage: More than 95% of digital assets are stored in cold wallets, isolated offline to prevent cyber attacks.
- Multi-signature technology: Digital asset transfer requires multiple signature authorization to enhance fund security.
- Security Audit: Conduct regular third-party security audits to identify and fix potential security vulnerabilities.
- Two-factor Authentication: Users are required to access the platform via two-factor authentication (2FA) to prevent unauthorized access.
- Anti-Money Laundering (AML) Measures: Coin has implemented strict anti-money laundering policies to prevent illegal activities.
Safeguard Measures
In addition, CoinGate also provides the following safeguard measures:
- Guarantee Fund: A huge protection fund has been established to compensate users for losses when unexpected situations occur.
- Customer Insurance: Cooperate with the world's leading insurance companies to provide fund insurance for platform users.
- Bug Bounty Program: Encourages security researchers to report potential security vulnerabilities in exchange for rewards.
Overall, the Bige trading platform is a regulated and legal digital asset trading platform. The company is committed to ensuring the safety of users' assets and accounts by implementing strict security measures and providing safeguards.
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