How is my money stored in Blink?

Your funds in Blink are stored using a geographically distributed multisig coldstorage in independent, asymmetric jurisdictions. This means that your funds are secured by multiple private keys that are held by different trusted parties. The majority of the Bitcoin held in Blink is stored in cold storage, which is a highly secure and offline method of storage. A small percentage of the Bitcoin is kept in a hot wallet, which is connected to the internet and is used for faster and more efficient transactions.

Blink takes the security of your funds very seriously and employs a range of measures to ensure their safety. This includes using the latest security protocols and best practices, such as two-factor authentication, SSL encryption, and regular security audits. Additionally, Blink follows strict regulatory guidelines to ensure compliance with local laws and regulations, further enhancing the security and safety of your funds.

In summary, your funds are stored using a highly secure multisig system with the majority of funds held in cold storage, ensuring maximum protection against potential security breaches or losses.

Last updated

Copyright Β© 2024 BBW, S.A. de C.V.