To ensure the high level of information security, the following solutions are provided:

Technical

Technical

  • Data of the Bit Trade Exchange of Digital Assets are stored applying reliable encryption algorithms on servers located in certified European and Asian data centers (not lower than TIER 3) and providing a high level of security.
  • Regular data backup.
  • All confidential information, including documents uploaded by Users, is located in separate storage systems isolated from external access in an encrypted form.
  • Use of IPS and NGFW systems.
  • Two-factor authentication (2FA) to log in to the Bit Trade account.
  • Anti-fraud system to identify suspicious activity of Users.
  • Verification of details of recipients and senders of fiat funds to ensure the security of transfers.

Administrative

  • Customers of the Bit Trade Exchange of Digital Assets are verified in accordance with the requirements of the fifth EU Anti-Money Laundering Directive (5AMLD).
  • Employees of the Bit Trade Exchange of Digital Assets are well-qualified to fulfill their duties and are tested beforehand, as well as required to sign all necessary legal agreements, including the Non-Disclosure Agreement (NDA).
  • Limited number of employees has access to confidential data of the Bit Trade Exchange of Digital Assets and has received the necessary accreditation to work with such data.
  • Regular audits and security testing ensure the additional safety of the Bit Trade Exchange of Digital Assets. Based on the analysis of the results, we take measures to increase the security level.
  • The Bit Trade Exchange of Digital Assets is updated, and new functions are added after the Quality Control Department along with information security specialists completes the testing.
  • The Quick Response and Management Service identifies and prevents information security threats.
  • The Technical Support Service of the Bit Trade Exchange of Digital Assets is available round-the-clock and able to provide 24/7 services based on the data of monitoring systems.

For security reasons, our Company does not provide the full list of methods that ensure efficient and continuous operation of the Bit Trade Exchange of Digital Assets.Security system of the Bit Trade Exchange of Digital Assets uses methods for preservation of information privacy, integrity and availability in accordance with the ISO/IEC (27002:2013/Cor.2:2015) standard that contains the following sections:

  • security policy;
  • organization of information security;
  • ensuring the physical integrity and security of equipment;
  • access management;
  • management of the continuous operation of the organization;
  • compliance with regulatory requirements.

Compliance with Legal Standards

  • The “Financial services, Providing services of exchanging a virtual currency against a fiat currency” license (FVR000531, date received: November 20, 2018) — services related to exchange of virtual currencies and Digital Assets for fiat money.
  • The “Financial services, Providing a virtual currency wallet service” license (FRK000445, date received: November 20, 2018) — services related to storage and transfer of virtual currencies and Digital Assets among the Bit Trade Customers.
  • The Bit Trade trademark serves the interests of BIT TRADE MARKETS OÜ
    (Reg.number: 14555301, Licenses: FVR000531, FRK000445).