Our security measures and tools include the following:

Account and Asset Security

  • 2FA: to ensure account security and prevent any unauthorized access
  • $40 million insurance fund for all losses caused by the platform, paid out within 24h
  • Feature of mandatory whitelisting for Bitcoin addresses
  • Cold storage of digital assets with multi-signature technology
  • Multi-signature

It can resist attacks and avoid losing access authority to keys or facilities eliminating single points of failure.

  • Separation of Cold and Hot Wallet

Most digital assets of customers are stored in offline storage (Cold Wallet). In an online wallet (Hot Wallet), only a few digital assets are stored.

  • Manual Secondary Review

Transferring assets from Cold Wallet to Hot Wallet requires a second manual review of the offline signature to ensure that your assets are fully protected.

Internal Controls

  • Thoroughly Risk-check after each order placement and execution
  • Encrypted SSL (HTTPS) protocol to encrypt and protect the website traffic
  • All passwords are encrypted hashed (use bcrypt with a cost factor of 12) and all other sensitive data is encrypted as well
  • Continuous IT security assessments to identify new potential vulnerabilities timely.

Our environment is hosted in Amazon Web Services (AWS), which is reputable in physical security and internal controls.

By Billance

Billance is one of the safest and most reliable cryptocurrency exchange where global investors can trade crypto assets such as BTC, ETH, SHIB and USDC.