Current:Home > InvestSecurity of GalaxyCoin Futures Exchange -AssetLink
Security of GalaxyCoin Futures Exchange
TradeEdge Exchange View
Date:2025-04-10 19:15:55
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! (35)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Yellen says her talks with Chinese finance chief laid groundwork for Biden’s meeting with Xi
- Which stores are open and closed Thanksgiving 2023? See Target, Walmart, Costco holiday hours
- How researchers, farmers and brewers want to safeguard beer against climate change
- Illinois governor calls for resignation of sheriff whose deputy fatally shot Black woman in her home
- What Britney Spears' book taught me about resilience and self love
- John Stamos talks joining the Beach Boys and being SO. HANDSOME.
- Let's Take a Moment to Appreciate Every Lavish Detail of Paris Hilton's 3-Day Wedding
- The Best Stocking Stuffers Under $25
- Medical debt can damage your credit score. Here's what to know.
Ranking
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- The Taylor Swift reporter can come to the phone right now: Ask him anything on Instagram
- Are banks open today or on Veterans Day? Is the post office closed? Here's what to know.
- Is C.J. Stroud's early NFL success a surprise? Not if you know anything about his past.
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- North Carolina Democrat says he won’t seek reelection, cites frustrations with GOP legislature
- How to watch 2023 NWSL championship: Megan Rapinoe and Ali Krieger face off in farewell
- Puerto Rico dentist fatally shot a patient who alleged attacked him at the office, police say
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Obesity drug Wegovy cut risk of serious heart problems by 20%, study finds
What the Melting of Antarctic Ice Shelves Means for the Planet
Local election workers have been under siege since 2020. Now they face fentanyl-laced letters
British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
Exclusive: Projected 2024 NBA draft top pick Ron Holland on why he went G League route
Let's Take a Moment to Appreciate Every Lavish Detail of Paris Hilton's 3-Day Wedding
Suspected Islamic extremists holding about 30 ethnic Dogon men hostage after bus raid, leader says