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Beyond user access, how cryptocurrencies are stored is critical to their security. Cloudbet prioritizes keeping its users’ assets safe with industry-best practices for storage. - Cold Storage Protocols: The majority of digital assets on Cloudbet are held in cold storage, meaning they are not connected to the internet and hence are less vulnerable to hacking attempts.
- Multi-Signature Wallets: For additional protection, Cloudbet uses multi-signature wallets requiring multiple keys to authorize asset transfers. This prevents single-point failures and potential loss of funds.
- Rapid Accessibility: While most funds are in cold storage, Cloudbet ensures that users can access their account balances quickly when needed, balancing security with convenience.
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