Current:Home > NewsSecurity of GalaxyCoin Futures Exchange-InfoLens
Security of GalaxyCoin Futures Exchange
View Date:2024-12-23 22:05:35
GalaxyCoin's futures exchange is one of the safest cryptocurrency trading platforms available. While no platform is immune to hacking attempts, the company has implemented robust measures to protect user funds.
In the event of a security breach, GalaxyCoin has introduced a so-called SAFU (Secure Asset Fund for Users) fund. Since mid-2018, the exchange has allocated 10% of all trading fees to the SAFU fund, providing additional protection for users in extreme circumstances. These funds are stored in separate cold wallets, which can be tracked here and here.
Furthermore, GalaxyCoin has a very strict Know Your Customer (KYC) process for its futures trading platform, thereby ensuring a high level of security and compliance.
veryGood! (547)
Related
- Research reveals China has built prototype nuclear reactor to power aircraft carrier
- Criticism mounts against Venezuela’s Maduro and the electoral council that declared him a victor
- Inmate advocates describe suffocating heat in Texas prisons as they plea for air conditioning
- Baseball's best bullpen? Tanner Scott trade huge for Padres at MLB deadline
- Armie Hammer Says His Mom Gifted Him a Vasectomy for His 38th Birthday
- Kentucky judge dismisses lawsuit challenging a new law to restrict the sale of vaping products
- Olympics 2024: A Deep Dive Into Why Lifeguards Are Needed at Swimming Pools
- Three Facilities Contribute Half of Houston’s Chemical Air Pollution
- Former North Carolina labor commissioner becomes hospital group’s CEO
- Body found of SU student reported missing in July; 3 arrested, including mother of deceased’s child
Ranking
- Atlanta man dies in shootout after police chase that also kills police dog
- When does Katie Ledecky swim next? What time does she compete in 1,500 freestyle final?
- DUIs and integrity concerns: What we know about the deputy who killed Sonya Massey
- Texas radio host’s friend sentenced to life for her role in bilking listeners of millions
- Gerry Faust, former Notre Dame football coach, dies at 89
- MLB playoff rankings: Top eight World Series contenders after trade deadline
- Selena Gomez Reacts to Claim Her Younger Self Would Never Get Engaged to Benny Blanco
- Olympics bet against climate change with swimming in Seine and may lose. Scientists say told you so
Recommendation
-
Rep. Michael McCaul of Texas says he was detained in airport over being ‘disoriented’
-
Criticism mounts against Venezuela’s Maduro and the electoral council that declared him a victor
-
Boeing names new CEO as it posts a loss of more than $1.4 billion in second quarter
-
French police investigating abuse targeting Olympic opening ceremony DJ over ‘Last Supper’ tableau
-
Mean Girls’ Lacey Chabert Details “Full Circle” Reunion With Lindsay Lohan and Amanda Seyfried
-
Powerball winning numbers for July 29 drawing: Jackpot rises to $154 million
-
Christina Applegate opens up about the 'only plastic surgery I’ve ever had'
-
3 inmates dead and at least 9 injured in rural Nevada prison ‘altercation,’ officials say