Re: ⭐CoinsPaid - Crypto Processing and wallet you can rely on

Quote from: Kyki on August 13, 2019, 12:25:47 AM

Please tell me, can I already purchase your token? Is it available in the market?

How does CoinsPaid makes sure my funds are protected

We implement the best practice of wallet management using 3 types of wallets.

One is the “hot wallet”. This is a dedicated hosted wallet provided by CoinsPaid. Hot wallets are used for everyday operations.

According to our management algorithms, we move extra funds to our cold wallet to ensure their safety. A hot wallet holds an average 2-4% of all of the assets.

We make sure all of the funds in hot wallets are company’s operating funds. So in the very unlikely scenario, there is a hack our clients’ money is safe offline.

The second type is an external wallet. When the user joins they choose a maximum limit of funds (a small amount) to be kept in CoinsPaid processing system.

Once the limit is exceeded on a merchant’s balance than the threshold specifies, the funds automatically get sent to a user’s external wallet, which is off-limits to CoinsPaid.

The other wallet, which is where all of our clients’ funds are stored, are “cold” wallets protected from outside influence by 1) the fact that they’re offline and 2) the need two of three of personnel to sign off on transactions (the so-called multi-signature technology).

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