Cryptocurrency Q&A
Is Ndax a cold wallet?
Is Ndax a cold wallet?
Alessandra
Fri Oct 11 2024
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7 answers
1791
I am wondering if Ndax functions as a cold wallet. I've heard about cold wallets being more secure, and I want to know if Ndax offers the same level of security as a cold storage solution.
7 answers
Dreamchaser
Sun Oct 13 2024
Ndax prioritizes the security of its digital assets by storing the majority of them offline in cold storage. This ensures that the assets are not vulnerable to online threats and are kept SAFE from potential hackers.
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Alessandro
Sun Oct 13 2024
The cold storage is fortified with multi-signature technology, a robust security measure that requires multiple keys to access the funds. This added layer of protection significantly reduces the risk of unauthorized access.
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Filippo
Sun Oct 13 2024
Ledger Vault, a global leader in security and infrastructure solutions for cryptocurrencies, provides the multi-signature technology for Ndax's cold storage. This partnership underscores Ndax's commitment to utilizing the best-in-class security measures.
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Chloe_thompson_artist
Sun Oct 13 2024
In addition to cold storage, Ndax also utilizes hot wallets for its digital assets. These wallets are designed for quick and easy transactions but are equally protected with advanced security measures.
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Chiara
Sat Oct 12 2024
The hot wallets are safeguarded by Multi-Party Computation (MPC) technology, a cutting-edge security solution recognized by industry experts. MPC technology ensures that no single party has access to the private keys, further enhancing the security of the assets.
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