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  3. Assets Security – Official Phemex Help Center

Assets Security – Official Phemex Help Center

Here all the information about Phemex assets security.

Our own Hierarchical Deterministic Cold Wallet System (“Cold Storage”) holds the majority of our customer’s digital assets (Bitcoins). Our online wallet (“Hot Wallet”) holds only a small portion of digital financial assets.

We use Multi-Signature Access (“Multisig”) to provide both securities against attacks. But also, tolerance for losing access to a key or a facility. Therefore, eliminating single points of failure. Phemex manually handles all fund transfers from our Cold Storage to our Hot Wallets. For this reason, it requires the coordinated actions of multiple employees.

Our platform will cover any loss that may take place.

For more tailored questions please contact support@phemex.com or add us on Telegram

Updated on November 8, 2019

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