Our commitment to

Your Security

How Coinchange keeps your yield account safe

Coinchange has extensive experience with DeFi and blockchain technologies. This includes the security processes required to keep funds safe. We are serious about risk and have worked extensively to protect your investment.
Part of that commitment includes being transparent about the potential risks associated with using DeFi, and the measures we have taken at Coinchange to mitigate those risks. Together, these security measures ensure that our Yield Accounts are a safe way for both beginners and experienced crypto users to generate returns.
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DeFi Risks and How We Protect You

Smart Contract Risk

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Smart Contract Risk

The smart contracts that power DeFi protocols may be poorly programmed, allowing hackers to exploit the protocols and drain funds from them.

The smart contracts that power DeFi protocols may be poorly programmed, allowing hackers to exploit the protocols and drain funds from them.

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Smart Contract Back Doors

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Smart Contract Back Doors

Occasionally, unscrupulous developers deliberately code in “back doors”, enabling them to withdraw user funds.

Coinchange only uses the most widely-respected and well-tested protocols, which have been subjected to meticulous auditing.

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Pool Draining

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Pool Draining

Token prices can become volatile when users suddenly withdraw large amounts of liquidity from a token pool.

Coinchange monitors pools in which it has locked liquidity in real time, and automatically withdraws those funds immediately if a certain minimum threshold is reached – protecting its users from potential losses.

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Flash Loan Attacks

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Flash Loan Attacks

Hackers can use flash loans to borrow large amounts of money at very low cost and low risk, using it to carry out an economic attack on a protocol.

Because Flash loan attacks only work when a protocol has limited liquidity, Coinchange carefully reviews and selects only the most liquid pools, avoiding this risk.

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Stablecoin Risk

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Stablecoin Risk

In some cases – such as systemic issues with the stablecoin protocol, or long-term market conditions within the ecosystem – a stablecoin may trade significantly above or below its target price for an extended time.

Coinchange closely monitors the performance of the stablecoin pools it uses, avoiding new and untested protocols until it is clear the stablecoin can operate reliably in all market conditions. Only the most liquid stablecoins with a strong track record, such as USDT, USDC, and Dai, are used.

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Coinchange security measures

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Fiat and crypto security

Coinchange works with both fiat and crypto funds, and has established state-of-the-art components and systems to maintain maximum security.

These include:
  • secured fiat transfers and storage with our partner, Silvergate Bank
  • multisig and encrypted wallets via our partner, Fireblocks
  • real-time notifications of account actions
  • smart withdrawal system with suspicious transfer detection
End client security
Coinchange maintains best practices for users across key domains common to all fintech platforms and most online services:
  • Two-factor authentication (2FA). We follow industry standards by providing options for secure authentication of account activity.
  • Extensive KYC. Coinchange has partnered with Jumio for best-in-class automated KYC processes and practices.
  • DDoS prevention. We partner with CloudFlare to ensure the most reliable service possible for customers.
  • Fraud detection. Coinchange uses cutting-edge fraud detection procedures, with partners Chainalysis and Silvergate enabling us to provide trustworthy services for our users.

How to get started?

1
Register on our platfrom
2
Buy crypto or deposit existing assets to your account
3
Transfer your crypto to High Yield Account and earn high APY
Get started
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