How can I ensure the security of my funds when using Arbitrum for USDC contracts?
Harrington MikkelsenNov 26, 2021 · 3 years ago1 answers
I want to use Arbitrum for USDC contracts, but I'm concerned about the security of my funds. What measures can I take to ensure the safety of my funds when using Arbitrum for USDC contracts?
1 answers
- Nov 26, 2021 · 3 years agoAt BYDFi, we prioritize the security of our users' funds when using Arbitrum for USDC contracts. To ensure the safety of your funds, we employ industry-leading security measures, including cold storage for the majority of user funds, multi-signature wallets, and regular security audits. Additionally, we continuously monitor for any suspicious activity and have a dedicated team to respond to any potential security incidents. However, it's important to note that while we take every precaution to protect user funds, it's also crucial for users to take their own security measures, such as using strong passwords, enabling two-factor authentication, and being cautious of phishing attempts. By working together, we can create a secure environment for using Arbitrum for USDC contracts.
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