LendaBit.com Partners With Multicurrency Custodian BitGo
LendaBit.com is always on the lookout for strong security services, acceleration of infrastructure improvements and most comprehensive custody solutions. That being said, LendaBit.com is pleased to inform you about forging a new business partnership with industry leader of multisig encryption technology and qualified cryptocurrency custodian BitGo. LendaBit.com has deployed multisig wallets for cryptocurrency storage powered by BitGo, the world’s largest processor of on-chain BTC transactions.
BitGo’s multisig security architecture deploys multiple cryptographic signatures to enact a transaction, thereby eliminating any chance of failure with traditional wallets. BitGo renders $100 million insurance coverage, which is provided through Lloyd’s of London, the world’s specialist insurance and reinsurance syndicate. $100 million insurance policy covers all cases of external hacks, insider thefts and loss of keys, thus all your funds are 100% protected by BitGo, Inc.
BitGo Major Benefits
- Unparalleled security via multi-user approvals.
- 100+ supported cryptocurrencies.
- Robust security controls.
- Trusted custodian services.
- Safe cryptocurrency storage.
- Guaranteed 100 mln. insurance policy.
By partnering with BitGo, LendaBit.com will be able to list new cryptocurrencies (both loan and collateral currencies) so as to meet the ever-growing customer needs and be competitive on the market. BitGo eliminates risk and increases transparency in the crypto market by providing the most secure and compliant custodial and liquidity solutions. BitGo provides world-class services for other leading blockchain companies, among which are Pantera Capital, Bitfinex, Genesis Global Trading, etc. Finally, advanced BitGo’s custodian services will guarantee safe storage of funds and timely loan repayment.
The integration process will take up to 1 month, but all your funds will be available for deposits and withdrawals without affecting your lifestyle.
Follow the latest news and most important updates in our blog or social networks:
Starting from the very inception of LendaBit.com, Alex Maznyi has become an inseparable team player by strategizing and monitoring the development of the P2P lending platform. Alex has been in the finance management and risk assessment for about 10 years and he perfectly knows that blockchain and cryptocurrencies will eventually drive out the old-fashioned financial institutions and bureaucracy.