What are the security measures implemented by Poloniex to ensure the safety of user funds?

1 answers

• Dec 16, 2021 · 3 years ago
  Poloniex takes the security of user funds seriously and has implemented several measures to ensure their safety. One of the key measures is the use of cold storage wallets, which are offline and not connected to the internet. This reduces the risk of hacking and unauthorized access. Poloniex also employs strong encryption protocols to protect user data and funds. They have implemented multi-factor authentication, requiring users to provide additional verification to access their accounts. Poloniex conducts regular security audits and penetration testing to identify and address any vulnerabilities. With these measures in place, Poloniex provides a secure environment for users to trade and store their funds.
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