Is Bitso safe?

Modified on:

Bitso is a financial technology company regulated in several jurisdictions around the world, and which has several mechanisms focused on the security of our customers.

Bitso has the Distributed Ledger Technology (DLT) license, granted by the Gibraltar Financial Services Commission. Under this regulatory framework, all operations, transactions and custody of funds are under constant supervision and monitoring by the Commission and an independent third party.

Furthermore, all transactions with local currencies are processed by Financial Institutions regulated in each respective jurisdiction.

Lastly, in order to provide an additional security barrier for our community's virtual assets, Bitso has partnered with Coincover to obtain an anti-theft security policy. Our security policy is constantly renewed to ensure that there is coverage for all assets listed on our platform. Our policy with Coincover also implies that Bitso stores keys securely and follows strict security standards and procedures.

We also invite you to read this article from our Blog: Is Bitso safe?

Was this useful?