5 Security Measures Trade.io Is Taking To Protect Its Users' Accounts

In this last few months there has been a lot of theft or hacking cases in the crypto industry with the most recent ones being South Korean exchange bithumb . and also coinrail which is also from South Korea!

This hacking incidences always create tension hence making the crypto prices to drop significantly as it creates FUD. I am not saying there is a company that cannot be hacked,but there are some measures that can prevent the hacking from taking place.

In this post i am going to mention the security measures Trade.io is using to protect its users' accounts.

It is wise to first define what Trade.io is before we talk of their security measures!

Trade.IO is a next generation cryptocurrency trading platform which offers a number of interesting features to it's clients.

With a flexible interface, lightning-quick execution and low fees, Trade.IO offers a range of new features and functionality to improve the user experience of cryptocurrency trading

I would also recommend you to take a look at my previous posts so that you can understand Trade.io very well.

5 Reasons You Need To Sign Up Now on Trade.io

This is Trade.io Unbiased Review

A Complete Guide To Making Money with Trade.io Affiliate Program

The Ultimate Guide To Trade.io Core Services

How To Verify Your Trade.io Account

In a bid to protect users accounts Trade.io implemented rigid security controls and systems during the ICO,tis helped the ICO go on smoothly and raise over $30M .

it has to be noted that the security measure did not only stop at the ICO level,this and more measures are being taken to tighten the security of Trade.io as shown below.

This as the word says multi,means that there are many authentication methods which will be used by the users to access their accounts!

This can involve,email and the best one is Google 2 Factor Aunthetication (2FA).You can download the app for your specific phone(android or iPhone).

This will require a unique code to be generated from your phone using the Google Authenticator app every time you log into your account, you will gain an extra layer of security above and beyond just a password.

I already have this 2FA set up for all my online accounts!

Let me first begin by defining what an algorithm is !

An algorithm is just a set of instructions used to perform a specific task,the simplest algorithm can be used to add two numbers! Trade.io will use proprietary algorithms by adding custom encryption techniques which will not be visible to the users.

This proprietary algorithms will ensure security to the exchange funds and wallet underlying architecture.

Trade.io will implement Bank Level Security Monitoring Systems which will automatically allow detection and blocking of cyber platform,users accounts and system.

We all know most,if not all banks have high security systems,Trade.io will coordinate with banks to keep the users and system secure.This means that in case of any access of any account through the bank,Trade.io systems will detect it and have to verify if it is the legitimate owner accessing the bank account at that particular time!

Trade.io recently employed a world class security officer and well trained team.This team will monitor the system 24/7 for any anomalies related to the exchange,users accounts an any related security activities.

I will quote Trade.io Head of Security Ari Propper below,

“We are using innovative industry-leading technologies to detect, protect and respond quickly to cyber events. We have a team of experts with vast knowledge and experience in the cybersecurity field as well as deep and strong connections in the industry that allows us to consult, review and test relevancy of cybersecurity technologies continuously. We are treating cyber defence as an ongoing process and integrating it in all of the development and business activities.”

I will also quote Trade.io's Chief Technology Officer, Charles Voltron,

“Our security approach towards securing the exchange is holistic, other than protecting the exchange with a multi-layered defence tactics, we are enhancing our employees awareness for cyber events, we protect our business processes and our internal technologies.”

This will be another way the security is kept high by the awesome team above.There will be

• Extensive risk assessments
• Penetration tests
• Architecture reviews
• Code review processes are conducted by internal and external security experts, working under international known standards and methodologies, to make sure the platform is secured via best practices.

I am positive with these methods above,Trade.io will be able to protect their users from security threats and attacks.

You can follow them on their social media channels below

Facebook Page

Twitter Account

Instagram Account

Medium Account

Telegram Channel

DISCLAIMER: The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.

Love

Jarau Moses