At Bitlet, your assets are our priority. We guard your investments around the clock using innovative security protocols and robust storage systems. With our Bitlet Risk Shield protection plan, you can rest easy knowing your funds are shielded from unforeseen crypto hazards.
The Bitlet Risk Shield is our proprietary reserve fund, stocked by allocating a portion of earnings to insure users against cryptocurrency risks. Currently valued at over $700 million, this fund works hand-in-hand with our industry-leading security system to deliver unmatched asset protection as crypto adoption expands worldwide.
Cryptocurrencies enable participation in decentralized networks, but storing assets and private data raises concerns. While encryption technology like SHA-256 and ECDSA is time-tested, safeguarding keys and passwords remains a challenge. Our solution? Offline cold storage wallets disconnected from the internet.
We spearheaded proprietary cold storage techniques to fully secure funds on Bitlet. Multiple encrypted backups, guarded bank vaults and limited access represent just some of our robust measures. Explore our protocols and see how your crypto is shielded with us.
Here's how our cold storage works:
10,000 private wallet addresses are generated on an offline computer
Private keys are encrypted locally using Advanced Encryption Standard (AES)
Original keys are deleted, leaving only encrypted versions
Two key holders store AES passwords separately, never traveling together
Addresses and encrypted keys are accessible only via QR codes
Each address is used once to receive deposits from the hot wallet
Encrypted keys are printed, stored in guarded bank vaults on two separate coasts
Vault access is strictly limited to two authorized employees who travel separately
Employees with AES passwords differ from those handling vaults
Cold storage keeps assets ultra-secure, but exchanges need ready access to funds. That's where hot wallets come in - online storage enabling quick deposits and withdrawals. We engineered proprietary multi-signature protocols so our hot wallets are convenient yet secure.