ZebPays Commitment to Security & Compliance: Protecting Your Crypto Assets
At ZebPay, the security of our users assets is our top priority. As the crypto landscape evolves, so do the threats associated with digital assets. To safeguard our customers, we have implemented robust security and compliance measures that ensure a safe and seamless trading experience. Heres an overview of how we protect your funds and transactions at every step:
Advanced Security Practices
We follow industry-leading security protocols to mitigate risks and fortify our platform against potential threats. Our prominent security measures include:
- Secure Wallet Management
- User funds are stored with multiple trusted wallet providers using a combination of Multi-Party Computation (MPC) and Multi-Signature (Multi-Sig) wallets.
- Wallet Systems are secured with role-based access control and built-in Multi-Factor Authentication (MFA).
- IP whitelisting and double encryption are enabled for all hot wallet API keys.
- Rigorous Transaction Protection
- Before any hot wallet transaction is signed and broadcasted, it undergoes an internal audit process.
- Major Multi-Sig wallets follow a regular key rotation policy to enhance security.
- Transactions on all major cold wallets undergo a compulsory simulation before execution.
- Dedicated, separate devices are used for signing transactions on cold wallets.
- Funds are segregated into multiple wallets to minimise risk exposure.
- A velocity-based transaction policy is implemented to detect and prevent suspicious fund transfers.
- Real-Time Monitoring & Alerts
- Continuous 24/7 monitoring and alert systems are in place for all major wallets to detect potential threats in real time.
- Security risks such as unauthorised ownership changes or attack preparations are promptly identified and mitigated.
- Company-Wide Security Training
To enhance security, funds are strategically distributed across multiple wallets rather than being stored in a single one, reducing potential risks. Additionally, all employees undergo regular security awareness training through trusted third-party agencies to strengthen best practices and mitigate human-related risks.
Comprehensive Compliance Framework
In addition to security, ZebPay adheres to strict compliance policies to ensure regulatory alignment and prevent illicit activities. Our key compliance measures include:
Transaction Monitoring & Risk Mitigation
- All transactions are continuously monitored using trusted compliance tools.
- Travel Rule is enabled for Virtual Digital Asset (VDA) transfers.
- Fraud and scam detection processes are in place.
- A dedicated compliance tool analyses user activity and issues alerts for potential red flags.
- High-risk addresses are regularly flagged.
Building a Safer Crypto Future
ZebPay remains steadfast in its mission to provide a secure and compliant trading environment. Our commitment to security and compliance ensures that our users can trade with confidence, knowing that their funds and transactions are protected by the highest industry standards.
We continuously evolve our security measures to stay ahead of emerging threats and maintain the trust of our valued users. At ZebPay, your security is our responsibility, and we leave no stone unturned to ensure that your crypto journey remains safe and seamless.
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Text source: ZebPay | Buy Bitcoin & Crypto
