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One of the main factors that determine the quality of a cryptocurrency exchange is undoubtedly its degree of security. Recent events have reminded us that this factor should not be compromised.

Ensuring maximum security for its users is by far the most critical aspect of any reputable trading platform. PrimeXBT has, to date, never been hacked and has a solid reputation for reliability and the way the administrators manage the security of this must-have exchange.

It should be noted that the majority of bitcoins are stored on the platform's wallet via "cold" wallets. This is called cold storage. This way of storing crypto-assets provides users with maximum security because the funds are not directly accessible from the outside but are locked offline to minimize the risk of unauthorized access.

Furthermore, in order for PrimeXBT users to withdraw funds, a number of crypto assets are kept in a "hot" wallet or hot storage. Daily withdrawals can be made smoothly.

Moreover, transfers between the hot wallet and the cold wallet are confirmed using multiple signatures (Multisig), which is the most secure and most used way of managing this type of process in the crypto industry. This security standard contributes greatly to reducing the risk of having what is called a point of failure.

In addition to the security measures mentioned above, PrimeXBT protects its users' crypto assets with Cloudfare, a specialized solution against