The legality and safety of the Bige trading platform

Binge Trading Platform is a digital asset exchange legally regulated in Hong Kong. To ensure security, it has adopted a number of measures, including: cold wallet storage, multi-signature technology, security audits, two-factor authentication, and anti-money laundering measures. In addition, a protection fund, customer insurance and a Bug Bounty scheme have been established.

Legality and safety of the Bige trading platform

Legitimacy

The Bige (BG) trading platform is a digital asset trading platform registered in Hong Kong, China, established in 2019. The company has obtained a license from the Financial Secretary of Hong Kong, allowing it to operate digital asset trading business. This means that CoinGate complies with the provisions of Hong Kong law and is a regulated and legal digital asset trading platform.

Security

Binge has taken the following measures to ensure the security of the platform:

• Cold wallet storage: More than 95% of digital assets are stored in cold wallets, isolated offline to prevent cyber attacks.
• Multi-signature technology: Digital asset transfer requires multiple signature authorization to enhance fund security.
• Security Audit: Conduct regular third-party security audits to identify and fix potential security vulnerabilities.
• Two-factor Authentication: Users are required to access the platform via two-factor authentication (2FA) to prevent unauthorized access.
• Anti-Money Laundering (AML) Measures: Coin has implemented strict anti-money laundering policies to prevent illegal activities.

Safeguard Measures

In addition, CoinGate also provides the following safeguard measures:

• Guarantee Fund: A huge protection fund has been established to compensate users for losses when unexpected situations occur.
• Customer Insurance: Cooperate with the world's leading insurance companies to provide fund insurance for platform users.
• Bug Bounty Program: Encourages security researchers to report potential security vulnerabilities in exchange for rewards.

Overall, the Bige trading platform is a regulated and legal digital asset trading platform. The company is committed to ensuring the safety of users' assets and accounts by implementing strict security measures and providing safeguards.

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