Why should you trust the security mechanisms on BW.com?

The top priorities for BW.com rest upon the cornerstones of system security and quality user experience. These priorities really go hand in hand as well, since a poorly integrated system which was jeopardized would lead to poor user experience. Further, a properly secured system depends upon a user experience so that exploits are not written into the code. With that in mind, we felt it would be a good idea to go through some of the best practices you can implement to make sure your account on BW.com remains secure. Then we will dive into a couple of our key security partnerships with CertiK and Bitbank. Finally, we will briefly dive into some of the advanced technologies we utilize here at BW.com to keep your hard earned cryptocurrency safe.

General Tips to Secure Your Account

While having a cryptocurrency account online depends upon the system security in which the accounts are open, the user also must secure their account on their end. This includes best practices such as having a complex password which changes on a 3–6-month basis. This will ensure your account is not vulnerable to hacks or exploits. Furthermore, other best practices are to ensure you are accessing your exchange account from a clean computer which has not been compromised. Keeping an active anti-virus system on your computer is a great start to this. Also, consider getting malware protection and always make sure you are not going through a search engine to go to your BW.com account. Instead, bookmark the page so you are certain it is not a phishing site.

Furthermore, you should take advantage of the built-in security features offered by BW.com. These are easy to implement and will ensure your account is not easily accessible to a hacker from the user login portal. The 2-factor authorization system is embedded into the captcha provides a secondary layer to the security system. This helps prevent bots and other malicious programs from easily accessing the system, further protecting users from being hacked. It is also good practice to utilize the 2-factor authorization feature by connecting your account to your phone number or Google 2-factor authentication.

CertiK

CertiK offers the world’s most advanced verification technology for smart contracts and blockchain ecosystems. BW.com has partnered with the firm to deploy state of the art security measures within our trading platform. These measures ensure users will have their cryptocurrency secured with state of the art tactics from one of the leading cybersecurity firms in the world. The company also offers security audits, penetration testing, and platform customization.

An extremely exciting aspect of the partnership with Certick comes from the outstanding Certick team. The company was founded by Yale and Columbia professors Zhong Shao and Ronghui Gu to secure and protect blockchain at scale. Furthermore, the team has been funded by BinanceLab, as the leading security company in this industry. The CertiK team has an extensive history within the cryptocurrency scoring, having to work with lots of huge companies such as Binance, KUcoin, Celer network, and IoTex.

Bitbank

Bitbank, one of the world’s leading cryptocurrency based bank in the world, works closely with our team here at BW.com. Together we help secure user’s funds. Bitbank actually stores the funds and processes the withdrawals for the BW.com. While this can lead to slower withdrawal time, which does take some patience, the extra layer of protection for our user accounts is certainly worth it. You truly cannot put a price on peace of mind, especially when it comes to your hard earned cryptocurrency. Furthermore, there is another huge benefit to working with Bitbank, BW.com purchased a large insurance policy for a user’s asset. This policy ensures that if any hacked accidentally happens on BW.com, Bitbank will completely compensate for the lost.

Our advanced technology

To top these partnerships off, the internal team here at BW.com has taken several steps to ensure the use of advanced technologies to secure our systems. The team has a track record of deploying solutions which increase the security of the users. Furthermore, the partnerships we have put in place with companies such as CertiK certainly provide an extra level of security for our site. While some of these included features may be cumbersome, such as a slower than normal withdrawal time from the partnership with Bitbank, they add the highest tier of security to the exchange. As aforementioned with one of the partnerships, Bitbank is the first and largest cryptocurrency based bank in the world which deploys assets on the BW.com exchange. This added layer of protection to user accounts takes a little bit of patience but certainly is worth it with the increased security it adds. These partnerships and platform features make BW.com one of the safest places for our users to know they are in the best of hands.