Is SHORTEX exchange safe?
There is a rise in cryptocurrency exchanges. Wouldn't you agree with that? There have been many cryptocurrency exchanges that have come to the forefront over the past two years. Exchange security is one of the user's most important issues. Safety is SHORTEX's top priority. Our mission is to provide everyone with access to digital banking services so that you and the rest of the world can securely achieve financial freedom. The exchange obtained two compulsory licenses, known as:

1. Providers of a service of exchanging a virtual currency against a fiat currency

2. Providers of a virtual currency wallet service

We can exchange fiat to crypto and crypto to fiat with the first one. Usually, a license is not required for crypto to crypto transactions. The second license enables an exchange to provide virtual currency e-wallet services. On behalf of the client, SHORTEX can generate and maintain encrypted keys, i.e. provide custodial services of the credentials required to access the virtual currencies.

Besides, all secret keys from wallets on SHORTEX platform are encrypted using AES-256 and stored offline, data from the website is transmitted using encrypted TLS connections (for example, HTTPS). We use an advanced security system architecture designed to protect against DDoS to ensure that trading cannot be stopped by external attacks. Passwords in the database are encrypted using Salted SHA-256. Additionally, 99.5% of user funds are stored in cold storage with multi-signature technology. Two-factor authentication is required for actions such as canceling or changing account settings.

Within the exchange, people can pay with cryptocurrency for products and services, transfer digital assets to each other, trade and invest in projects. Additionally, we store funds by providing access 24 hours 7 days a week. There is a function of gaining access to your account without connecting to the Internet by sending an SMS with a request for transfer.

The team promptly answers questions of interest, providing detailed information. Also, in the Telegram chat called SHORTEX Community, administrators instantly respond to reports of difficulties or are happy to maintain a friendly dialogue.

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