CoinDepo platform is a next-generation service when it comes to digital assets. Learn how it keeps your funds safe.
What is CoinDepo?
CoinDepo is a financial service provider in the cryptocurrencies and stablecoins world. The platform gives its users an opportunity to borrow digital assets for any purpose without going through complicated processes or requiring the opening of a collateral account. The platform is available in over 200 countries, which makes it possible for people all across the globe to take advantage of the attractive offers.
What Does CoinDepo Have to Offer?
Passive Income
CoinDepo has several Compound Interest Accounts that allow you to earn crypto online without doing anything besides depositing digital assets into an appropriate account and waiting for the interest to accumulate. The compound interest rates at CoinDepo are very competitive and surely notably higher than what typical financial institutions offer. CoinDepo Compound Interest Accounts allow customers to earn high-yield interest ranging from 12% to 24% APR + compound interest on major cryptocurrencies and stablecoins. Users can deposit or withdraw crypto assets at any time without any restrictions.
Instant Credit Line in Crypto & Stablecoins
If you need additional liquidity to invest or engage in trading, you can borrow from CoinDepo without the need to open a collateral account.
CoinDepo Crypto Credit Card
There are not a lot of crypto credit cards to choose from. CoinDepo is one of the pioneers in this sphere and
Micro Credit in Crypto & Stablecoins
If you need a little help with your finances for everyday expenses or an urgent purchase, you can consider the microcredit offered by CoinDepo. The best part about it is that you do not need collateral to take the loan.
How does CoinDepo keep the client’s assets safe?
CoinDepo takes the safety and security of assets entrusted to it very seriously. After all, happy customers are exactly what CoinDepo needs to grow and succeed.
Security Measures and Tools
SSL Data Protection
An SSL certificate is a secure data encryption protocol. It protects information exchanged between users and the site from being intercepted. These are all data that pass through the website traffic, but the most important thing is to ensure the security of financial information. In addition to bank card data, the web browser can transmit passwords, e-mail addresses, and other personal information. These are also protected by SSL thanks to which all data is transmitted in encrypted form with a special digital signature.
CCSS Level 3
The Cryptocurrency Certification Consortium is the organization behind the cryptocurrency security standards. The CCSS Level 3 means that you can trust the platform to handle your investments as it has been thoroughly audited to meet the highest level of security when it comes to managing crypto assets. Data distribution, multiple actors, and complex mechanisms for authentication are all part of it. A crypto corporation that complies with CCSS has a decreased probability of being compromised by hackers.
Multilayer Security
CoinDepo understands that it is important to have a multilayered defense in place against cyber intruders. Four-layer information protection increases the likelihood of detecting an attacker and reduces the effectiveness of the attack and the likelihood of access to information. This is because the multiple layers of the security slow down or mitigate the attacks, so more threats are prevented from reaching the inner core of the system.
Two-factor Authentication & Email Alerts
CoinDepo sends real-time alerts to your email when you log in or when any other activity is done in your account. This ensures that even if someone gets access to your password, they will not be able to get access to important functions in your account. When withdrawing funds from your account or making changes to settings in your account, you will be required to enter the code sent to your email, as well as a code from an authenticator app.
Withdrawal Confirmation & Security Hold
To ensure that it was actually you who requested the withdrawal of your funds, CoinDepo uses a withdrawal security hold. This means that your withdrawal will not be processed immediately. Meanwhile, you will get an email that a withdrawal was requested. If it was not you, you will have time to cancel the withdrawal and take measures to protect your account.
Full Asset Insurance
Although CoinDepo takes advanced precautionary measures, it knows that there is still no 100% guarantee. Therefore, all customer assets are fully insured. This means that no matter whether your funds are simply stored or you are transferring them to a different wallet/account, your funds are protected by insurance. There is also E&O insurance, which means that if you experience any financial losses due to the work of the company’s employees, the insurance will compensate you.
Fireblocks – A Reliable Partner
CoinDepo is proud to have Fireblocks provide it with custodial services for the storage and transfers of cryptocurrency. Fireblocks technology is used by more than 1,300 financial institutions, and the company claims that more than 3 trillion USD of digital asset transfers have been processed to date. Fireblocks is the world’s No. 1 institutional custodian of digital assets and one of Israel’s three most expensive private companies after Rapyd and Snyk.
The company was founded in 2019 by three cybersecurity experts who were investigating a series of South Korean stock market hacks conducted by the Lazarus Group for Check Point Research. The trio created Fireblocks as a secure platform for financial institutions to protect digital assets.
Fireblocks is an easy-to-use digital asset security platform that aids CoinDepo in protecting your digital assets from theft by hackers and other online threats. It is using ground-breaking MPC & patent-pending chip isolation technology to safeguard private keys and API credentials.
If you would like to learn more about the measures taken by CoinDepo to ensure the safety and security of your assets, you can check CoinDepo’s Security page or contact its representatives.
Also read: Ensuring Data Security in Digital Health
