Combining solutions and security practices that work in the payment and banking industry
Typical Block Chain Wallet
Active digital wallet that is constantly connected to the Internet
Combination of both hot-and-cold wallet feature
Isolated digital wallet that is not directly connected to the Internet
Weakness of current crypto wallet deployment
Hot wallet, Cold Wallet and/or Warm Wallet are stored via the same hosting location.
Wallets are easily compromised due to poor security protection and control procedures.
Lack of digital accountability leads wallets to be susceptible to insider attack.
Typical transfers of cryptoassets are sent from one blockchain address to another using private keys - usually represented by a long string of numbers and letters, allowing it to be exposed during the exchange. Any malicious party that managed to gain access to your private keys gains total control over the underlying assets.
For this reasons, organizations must ensure their digital asset management platform meets the criteria of ensuring their private keys stay secured during cryptocurrency exchange.
Your assets are only as secured as your private key
To stay relevant with the unpredictable crypto market fluctuation, KeySafeBank ensures advanced proprietary technology for extreme security of crypto assets storage and transactions. We implement both digital and physical security measures of payment and banking industry standards.