In the rapidly developing cryptocurrency market, security is always a critical issue that trading platforms must address. From asset hacks to account thefts and frequent fraud cases, users are no longer solely focused on profits; instead, they are more concerned about the question, “Is this platform safe?”
As a globally recognized cryptocurrency trading platform, CoinEx has continuously strengthened its security mechanisms over the years, investing resources to enhance the stability and transparency of the trading environment. They do not merely make empty promises but provide multi-layered protection for user assets through various concrete actions.
MPC Dual Signature and Cold Wallet Offline Storage: Reducing Hacker Risks
To prevent hacker intrusions, CoinEx employs offline cold wallet technology to store the vast majority of user assets in a network-isolated environment. This means that even if hackers breach the system, they cannot directly access most assets. Additionally, CoinEx has implemented the MPC (Multi-Party Computation) dual signature mechanism, requiring multiple authorizations to complete transactions, which not only enhances transaction compliance but also strengthens private key security.
Intelligent Risk Control System Monitors Around the Clock, Allowing Users to Trade with Peace of Mind
CoinEx has also invested significant resources in developing an intelligent risk control system that uses big data and AI algorithms to detect abnormal behavior in real-time, such as large asset movements within a short time or suspicious IP logins, triggering multiple verification procedures that significantly reduce the risk of fraud and account theft.
Multiple User Account Protection Measures
For ordinary users, account security may feel more palpable than asset security technology. CoinEx offers 2FA dual authentication (supporting Google Authenticator and SMS verification) and a phishing code mechanism to assist users in identifying genuine official notifications, helping them avoid falling into phishing traps.
Guardian Fund: Prepared for the Unexpected
CoinEx has also established a “Guardian Fund,” allocating 10% of every transaction fee to the fund, which is used to respond to unexpected security incidents. This type of mechanism is still relatively rare in the industry, allowing the platform to immediately use the fund to compensate affected users in extreme situations (such as large-scale hacking incidents).
Collaboration with SlowMist Technology to Incorporate Professional Cybersecurity Experience
Notably, CoinEx has partnered with the blockchain security firm SlowMist Technology, enhancing the platform’s defense capabilities through threat intelligence sharing, security incident response, and asset tracking. This deep collaboration with a professional team demonstrates that CoinEx’s commitment to cybersecurity is not just rhetoric.
Strictly Adhering to 100% Reserve Ratio: Transparency is More than a Slogan
CoinEx promises not to use user assets and maintains a 100% reserve ratio, meaning that users can withdraw their assets at any time without worrying about platform runs or pooled funds. The platform also regularly undergoes third-party audits to enhance transparency and user trust.
Safety is Not a Showcase of Skills, but a Fundamental Requirement
For CoinEx, security is not an added bonus but a fundamental duty of the platform. From infrastructure to risk control, from account protection to external collaborations, CoinEx is committed not only to preventing risks but also to establishing a more trustworthy trading standard for the entire cryptocurrency industry. As a globally recognized cryptocurrency trading platform, CoinEx adheres to the operational philosophy of “User First, Security First,” creating a comprehensive, multi-layered security protection mechanism to ensure that users can enjoy a safe trading experience in any market environment. Furthermore, by promoting the compliance, transparency, and security of the global cryptocurrency market, CoinEx is contributing to the long-term stable development of the Web3 ecosystem.
Risk Warning
Investing in cryptocurrencies involves a high degree of risk, and prices can fluctuate dramatically, which may result in the loss of your entire principal. Please assess risks carefully.