THE SECURITY FEATURE OF PROBIT EXCHANGE EXPLAINED IN DETAIL
When it comes to security of our assets both physical and virtual assets, one thing that cannot be compromised is security. As one who owns an asset, it's your duty to make sure that those assets are well guarded against theft, or any form of destruction that may come its way. As a cryptocurrency holder or trader, protecting your funds is a necessity therefore knowing when to leave your funds on an exchange or withdrawing them is your job but sometimes even the most trusted exchanges have been hacked.
That being said, we are all aware of the rampant losses of funds on several top exchanges in the cryptocurrency industry due to hacking activities, and cyber frauds which is currently on the increase. This loss of users funds are often not refunded and in some cases leads to the exchange being shut down as it cannot continue existing. It is quite sad that the person at the receiving end is the trader who trusted the said exchange. When selecting an exchange to trade in, it's essential to ensure that they are well secured before proceeding to deposit your funds into it. Having introduced ProBit Exchange in my last article. I would like to expand on one of the strongest features of the ProBit Exchange which is SECURITY.
ProBit Exchange has been described as the best secured exchange. This is because its developers have set it up using the best of the best security systems on the platform. Below are the security systems set up to ensure ProBit Exchange is entirely secure.
1. SECURITY AUTHENTICATORS
In order to enhance the security of its users, the ProBit Exchange team have added this security layer to their exchange. The ProBit Exchange uses 2 methods of security authentication which are Authentication Framework (UAF) and Universal Second Factor (U2F). Users can chose between these authentication systems or they can do both. This layer of security is important because when user's want to login to their ProBit Exchange or when they want to withdraw their fund's they are asked for it. This is to ascertain that the real owner is the one logging into the exchange.
2. OFFLINE WALLET STORAGE
Many times when funds are easily stolen off exchanges, this is because the owners of the exchange store funds online and they are easily accessible by hackers and cyber criminals. With ProBit users can be rest assured that their funds are very safe. This is because the ProBit Exchange team does not store their users’ funds online but instead 95% of this fund is kept in cold storage offline. This is way safer and cannot easily be hacked by cyber criminals. Even if hackers manage to get into the exchange, users can be rest assured that they will be refunded because the funds are offline.
3. SESSION ADMINISTRATOR
The ProBit team have made the exchange in such a way that its able to monitor if a logged in user is active or not. When the user is Sensed as being idle and not active on the exchange, such user is automatically timed out in order to avoid unauthorized access and to that account.
4. SSL CERTIFICATE IS INSTALLED
This simply means that there's an extra security layer of impenetrable socket layer (SSL) which is established on the servers of ProBit’s exchange and it protects users who login the ProBit Exchange platform. This protects users’ sensitive information from being stolen or tampered with.
THE PROBIT TOKEN AND TOKEN SALES
The ProBit token (PROB) is the utility token at ProBit Exchange. PROB provides benefits for traders including trading fee discounts, voting rights for listing of new tokens, increased referral bonus, and early access to new features on the platform. PROB is currently in the Pre-Sale phase where participants can get a special 10% bonus upon purchasing the ProBit Token.
The PROBIT TOKEN (PROB) is a utility token which will serve different purposes on the exchange. PROB would be used as trading fees for traders who use the exchange to carry out trading transactions. The PROB TOKEN would also be used to pay users who refer other people to use ProBit exchange.
The TOKEN SALES; Pre-sale and Private sales round of the ProBit token were very successful. ProBit Exchange has currently scheduled its one day Main Sale event for the ProBit Token (PROB) which will take place on the 11th of December, 2018. The ProBit Token would be sold to buyers at just 0.2$ per token during the main Sale period. Participants will not get any bonus as the Pre-Sale round has offered 10% to those who purchased Tokens. If you would like to make a purchase, kindly visit https://www.probit.com/en-us/token.
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