Current:Home > InvestSecurity of GalaxyCoin Futures Exchange -Visionary Wealth Guides
Security of GalaxyCoin Futures Exchange
View
Date:2025-04-16 23:21:44
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! (92)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Bruce Springsteen postpones September shows to treat peptic ulcer disease
- Prosecutors charge Wisconsin man of assaulting officer during Jan. 6 attack at US Capitol
- Extreme heat is cutting into recess for kids. Experts say that's a problem
- South Korean president's party divided over defiant martial law speech
- Fugitive killer used previous escapee's 'crab walking' breakout method: Warden
- 11-year-old boy to stand trial for mother's murder
- Robbery suspect who eluded capture in a vehicle, on a bike and a sailboat arrested, police say
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Company pulls spicy One Chip Challenge from store shelves as Massachusetts investigates teen’s death
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Phoenix poised to break another heat record
- A man is back in prison despite a deal reducing his sentence. He’s fighting to restore the agreement
- Judge orders Texas to remove floating barriers aimed at discouraging migrants from entering US
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- US announces new $600 million aid package for Ukraine to boost counteroffensive
- City lawsuit says SeaWorld San Diego theme park owes millions in back rent on leased waterfront land
- Mississippi Rep. Nick Bain concedes loss to gun shop owner Brad Mattox in Republican primary runoff
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Mississippi Rep. Nick Bain concedes loss to gun shop owner Brad Mattox in Republican primary runoff
A 4-year-old girl disappeared in 2021. Can new images help police solve the case?
The president of a Japanese boy band company resigns and apologizes for founder’s sex abuse
Senate begins final push to expand Social Security benefits for millions of people
Long opposed to rate increases, Erdogan now backs plan that includes raising rates, minister says
Alabama teen sentenced to life for killing 5 family members at 14
Search for escaped Pennsylvania murderer enters eighth day