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Crypto Protection: Bison Wallet offers security and deposit protection!
Find out how the Bison Wallet has been safely storing cryptocurrencies since 2009 and what protection measures exist against theft.
Crypto Protection: Bison Wallet offers security and deposit protection!
When it comes to cryptocurrencies, security is the top priority. The Bison Wallet, which has enabled the storage of crypto assets since the Bitcoin launch in 2009, relies on a well-thought-out concept that offers investors a high level of security. Loud n-tv The collaboration with Boerse Stuttgart Digital Custody GmbH, a regulated company under BaFin supervision, plays a central role in the security system.
The Bison Wallet uses a custodial wallet concept that ensures fiduciary storage of crypto assets. This means that investors' assets are kept separate from Bison's own assets. This creates trust and security for platform users.
Security measures and deposit protection
As part of its security measures, Bison uses both hot and cold wallet systems. Hot wallets enable fast transactions, while cold storage is used to avoid risks such as theft and hacker attacks. In addition, the deposited coins are protected by crime insurance, which is offered in cooperation with Munich Re.
Another important aspect is the statutory deposit protection, which applies to all deposits up to 100,000 euros. Securities are also held by Sutor Bank GmbH, which also has deposit insurance. The security of the investments is on a solid foundation not only on the digital side, but also in the area of traditional financial institutions.
Flexibility for investors
Investors have the option of transferring their cryptocurrencies to the custodial wallet by generating a wallet address in account management. It is also easy to transfer coins to external wallets by initiating a withdrawal in the account management. Bison does not charge any additional fees for setting up the custodial wallet, further facilitating access to the world of cryptocurrencies.
Even in the event of Boerse Stuttgart Digital Custody GmbH's insolvency, customers' crypto assets remain protected and will continue to be managed separately from the custodian's assets. This regulation ensures that investors can not only trust in the security of custody, but also in the protection of their investments in critical times.
For detailed information about the Bison Wallet, the official websites are available. Further information can be found at bisonapp.com.