Is Bityard Safe? This is the most important questions that any user or trader can ask.
The safety of your funds, transactions, and the security that the exchange provides on the web and storage.
Well, the first thing that you should note is that Bityard has licences from different country regulators. These include the likes of the United States, Estonia, Singapore and Australia.
Bityard is a legit cryptocurrency trading platform.
So, you can be sure that they will not be running away with your funds.
And how about exchange security?
Bityard uses multiple wallets stored offline in cold environments. Is the best way to protect the funds from hackers as it cannot be accessed from the internet.
The communication with user is by SSL encryption which means that whenever you are sending documents or communicating with Bityard it is a secure communication avoiding phishing and scams.
On the user side security, user have various security levels: two factor authentications, phone, text message to verify the login, set up a pin to be able to accept withdrawals.
To improve your security settings, go to your account security menu.
For make any withdrawals from the Bityard exchange users need to enter the Pin each time they make it.
By setting an email verification, users must enter a verification code to make withdrawals, reset passwords, and make any changes to account security settings.
By setting an SMS authentication, users must enter a verification code to make withdrawals, reset passwords, and make any changes to account security settings.
The user himself must be careful not to fall for scams and phishing… but it is another topic...
As you can see Bityard website states the platform employs several security measures to protect users’ funds from theft and fraudulent activity.
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