When it comes to crypto, security isn't just about holding assets—it's about ensuring they remain safe and under your control. OKX provides multiple layers of protection to safeguard your funds and offers tools to enhance security. Here’s how we deliver a secure alternative for your assets and ways to strengthen your defenses further.
Key Takeaways
- OKX’s Proof of Reserves ensures full asset backing with transparency.
- Cold storage keeps funds offline, shielding them from online threats.
- Multi-signature wallets require multiple approvals for secure transactions.
- OKX’s insurance fund protects against market risks.
- On-chain risk detection blocks suspicious activities, and the token screening tool identifies risky tokens.
Proof of Reserves
We regularly publish our Proof of Reserves, ensuring your funds are fully backed and available. This transparency builds trust, providing confidence in the safety of your digital assets.
Why It Matters
Knowing your assets are fully backed offers peace of mind about their security.
Cold Storage: Keeping Assets Offline
Most OKX assets are stored in cold storage, meaning they’re offline and protected from online threats. This approach significantly reduces exposure to hacking attempts and unauthorized access.
Why It Matters
👉 Cold storage keeps assets beyond the reach of cyber threats, ensuring a safer environment for your funds.
Multi-Signature Wallets: Controlled Access
Multi-signature wallets require multiple keys to authorize transactions, adding an extra layer of security. This setup minimizes unauthorized access, ensuring only verified parties can initiate transactions.
Why It Matters
Reduces risks of unauthorized transactions and enhances overall security.
Insurance Fund: Protection Against Market Risks
Our Perpetual Insurance Fund provides additional asset protection against sudden market risks. This feature offers a safety net during volatile conditions.
Why It Matters
Helps you trade confidently, knowing there’s a backup to shield your assets from unpredictable risks.
On-Chain Risk Detection: Proactive Monitoring
The OKX Wallet continuously monitors on-chain activity to detect and block interactions with risky DApps or addresses. This feature safeguards you against malicious actors in the crypto space.
Why It Matters
Protects assets from scams and suspicious transactions.
Token Screening Tool: Identifying Risky Tokens
OKX Wallet’s token screening tool flags tokens with potential risks. This helps you make informed decisions about which tokens to use, shielding your portfolio from fraudulent projects.
Why It Matters
Avoids exposure to harmful tokens, protecting your assets from scams.
Wallet Backup: Maintaining Access Control
Backing up private keys and seed phrases is essential for self-custody. We provide secure backup guidelines to ensure you retain access to your assets, even if your device is lost or compromised.
Why It Matters
Keeps you in control of your funds, guaranteeing secure access whenever needed.
Conclusion
We prioritize the security of your digital assets through multiple protection layers and transparency. Features like Proof of Reserves ensure your funds are fully backed, while cold storage shields them from cyber threats.
Multi-signature wallets empower you with transaction control, and tools like the OKX Insurance Fund mitigate market risks. Our token screening tool and wallet backup protocols further enhance security.
👉 Explore OKX Wallet, a decentralized multichain wallet offering seamless Web3 access, compatibility with 1,000+ protocols, and features like cross-chain DEX and NFT markets.
FAQs
What is Proof of Reserves, and why is it important?
Proof of Reserves is a transparent way OKX demonstrates full backing of user assets, building trust by ensuring funds are secure and available.
How does cold storage protect my crypto?
Cold storage keeps assets offline, minimizing exposure to hackers or unauthorized access.
What are multi-signature wallets, and how do they work?
Multi-signature wallets require multiple approvals for transactions, ensuring only authorized parties access funds.
How does OKX Wallet detect risky tokens or scams?
The token screening tool flags suspicious tokens, while on-chain monitoring blocks interactions with risky DApps.
This content is for informational purposes only and may include products unavailable in your region. It is not (i) investment advice, (ii) an offer to buy/sell/hold crypto, or (iii) financial/tax/legal guidance. Crypto trading involves high risks. Consult a professional if unsure.