Prioritizing Platform Security for a Worry-Free Trading Experience ProBit Exchange.
understands how security is an important consideration for cryptocurrency
traders in selecting their platform of choice. For this reason, ProBit places priority in ensuring
that only a highly reliable Coin-to-Coin (C2C) exchange platform is offered to its users. ProBit’s
trading environment is characterized by solid security using key features and protocols that give
its users peace of mind in storing and trading a wide range of digital assets on the exchange.
Cold Wallet Storage
More than 95% of ProBit digital assets are stored in cold wallets. Cold wallets are a form of
offline storage which makes them less vulnerable from security breaches of online theft. Since
these wallets are not connected to the internet, they are ultimately secured from hackers trying
to access accounts via the internet. In addition, ProBit’s data, particularly private information
and wallet keys, are encoded multiple times using a strong encryption algorithm.
While most of user assets are securely stored and safe from hackers in the cold wallet, they are
able to proceed with their usual trading transactions conveniently with only some of their digital
assets in the online wallet. And because only a small portion of digital assets are stored online,
it does not attract attention from online thieves as the hacking resources needed outweigh the
overall gains.
Hardware Security Keys
ProBit supports two-factor hardware security keys as an added layer of defense against
hackers. Two-factor authentication requires both login credentials such as username and
password, and a physical item that only the user has. For ProBit users who choose to adopt
U2F, they will need the typical login information when signing in to the trading environment, plus
the U2F USB hardware device.
As Universal 2nd Factor (U2F) - which uses USB and NFC technology - is supported by ProBit,
software-based two-factor authentication (2FA) such as Google Authenticator may also be
used. These security standard specifications are hosted by the open-authentication industry
consortium known as the FIDO Alliance.
Having FIDO U2F hardware security keys provides added protection against session hijacking
and phishing among other online attacks, without adding complication to how users usually log
on to typical websites. The U2F technology has been deployed to the most commonly used
browsers, and enables instant authentication without the need to write additional codes or install ad hoc drivers.
Standard Security Protocols ProBit deploys standard security protocols and practices to its trading environment. First,
session management ensures that access is available only when needed and session hijacks
are prevented as the platform initiates time outs when inactivity for an extended period of time is
detected.
Second, you will notice that HTTPS is seen on the URL link upon login wherever you go on the
platform. The use of HTTPS proves that secure sockets layer (SSL) certificate has been
installed on ProBit’s server and ensures that any information, particularly sensitive ones, are
communicated to the user’s client server or web browser over an encrypted link. This way, when
login or trade order information is passed on between the user and ProBit, these are transmitted
securely and are not susceptible to hackers interested in making use of the information.
With these security features and protocols, ProBit ensures each of its users that they are trading
in a completely secure environment where they may simply focus on their winning trading
strategies without worrying about getting hacked. Sign up to www.probit.com and experience worry-free trading today!
What do you think of these security features? Share your thoughts in the comments below!
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ProBit Token (PROB) Pre-Sale:
ProBit is holding a Pre-Sale Event of ProBit Tokens (PROB) from November 5 to 28. ProBit Tokens are available at a 10% bonus during this period. Learn more about PROB at
https://www.probit.com/en-us/token