What are the security measures in place for storing cryptocurrencies on Celsius Network?

3 answers

• Mar 15, 2022 · 3 years ago
  Celsius Network takes the security of your cryptocurrencies seriously. They utilize a combination of hot and cold storage to protect your funds. Hot wallets are used for day-to-day transactions, while the majority of funds are stored in offline cold wallets that are not connected to the internet. This reduces the risk of hacking and unauthorized access to your assets.
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• Mar 15, 2022 · 3 years ago
  When it comes to security, Celsius Network has implemented multi-factor authentication (MFA) to add an extra layer of protection to your account. This means that in addition to your password, you will need to provide a second form of verification, such as a unique code generated by an authenticator app, to access your account. This helps prevent unauthorized access even if your password is compromised.
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• Mar 15, 2022 · 3 years ago
  As an expert in the field, I can confidently say that Celsius Network has one of the most robust security measures in the industry. They have partnered with reputable custodial services and employ industry-leading encryption protocols to safeguard your cryptocurrencies. Additionally, they regularly conduct security audits and penetration testing to identify and address any vulnerabilities in their system.
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