iTrustCapital’s Premium Custody Account: A More Secure Way To Buy, Sell And Hold Cryptocurrency
iTrustCapital makes buying and holding cryptocurrency more secure with its closed-loop approach.
Buying and selling cryptocurrency doesn’t have to be a risky endeavor. By now, most people have heard tales of cryptocurrency exchanges that have been hacked, leaving their customers penniless, or crypto investors who lost their private key and could never access their crypto wallet or their digital tokens again. And let’s not forget the phishing and malware scams that have wiped out account after account or brought down high-profile exchanges. Even centralized exchanges pose risks to their customers. One only has to look at Bybit for a reminder. The cryptocurrency platform experienced a security breach in February, which resulted in the theft of about $1.5 billion worth of Ethereum, the largest cryptocurrency theft ever recorded.
Crypto exchanges have long been vulnerable to data breaches and hacks for several reasons. For starters, they are anonymous networks, without a middle person regulating transactions. Plus, many platforms to buy and sell crypto don’t have adequate security practices in place. Add the fact that there are high-value assets stored on these platforms, and you can see why hackers are busy trying to exploit them and their clients.
But it doesn’t have to be that way. There are safer and more secure ways to buy, sell and hold cryptocurrencies, from Bitcoin and XRP to Solana and Ethereum. iTrustCapital’s Premium Custody Account (PCA) is one …