Help Center

Should I keep settled funds on COINQVEST?

Yes and no. Your funds on COINQVEST are stored in custodial wallets on the Stellar Network. Private keys are stored encrypted on a distributed system and secured by multi-signature authorization. Since the platform is a custodial solution, which offers many benefits (such as ease of user experience and speed of service) you don't get access to the private key.

There are just as many reasons for COINQVEST to offer a custodial service as there are reasons for you to own your private key. Most importantly: if you don't own the private key you're not fully in control of the security of your funds. While COINQVEST does its best to protect and secure your funds, such as the implementation of strong encryption, multi-signature and security audits by third party white-hat enterprises you might want to automatically withdraw funds deposited by your customers to your own infrastructure or wallet.

You can find a list of documents to get you started in setting up your own wallet for the Bitcoin, Stellar Network, Ethereum, Ripple and Litecoin blockchains below.

Last Update: Mar 31, 2020

General
© COINQVEST LLC 2018-2023 · Terms of Service · Privacy Policy · KYC/AML Policy · Anti-Fraud Policy · Data Processing · License COINQVEST LLC (Company Number 0000970546) is a limited liability company incorporated at 54 Jedności Street, 65-018 Zielona Góra, Poland. COINQVEST LLC reports to the General Inspector of Financial Information and is authorized by the Polish Ministry of Finance to provide virtual currency exchange and custody services under Virtual Asset Service Provider number RDWW-311. Licensed and Regulated in the EU © COINQVEST LLC 2018-2023 · Terms of Service · Privacy Policy · KYC/AML Policy · Anti-Fraud Policy · Data Processing · License
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