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After the FTX collapse and contagion, digital asset holders are rightly concerned about the safety of their crypto assets.
In this guide, we’ll explore how to know who to trust and what safety indicators to look out for when choosing a home for your cryptocurrency.
How to keep your crypto safe
There are a number of boxes that you must tick when determining how to store your cryptos, and any wallet provider or exchange you choose must meet the following criteria:
- Has local licenses with appropriate court approvals and registrations
- Do not use the native token as a means of manipulating the market valuation for overleveraged positions
- Keeps money safe, backed by strict technological security measures
- Maintains accurate records of company employees and cash reserves
- Company and user funds are kept separate
- Subjects to regular and rigorous external audit
- Meets regulatory risk management, AML, KYC and KYT requirements
Recently the crypto news and analysis site crypto monitor specifically identified a wallet and financial services ecosystem as an important potential contributor to restoring investor confidence.
Arbismart (RBIS) meets all of the above requirements to make it a trusted and transparent custodian of user funds. It has been operated with EU registration and approval and has the appropriate ones licenses since its inception in early 2019. To date, the project has never had any hacks or security breaches and all customer and company funds are kept separate, so user funds can never be used for company expenses. ArbiSmart is not affiliated with FTX or any other platform and is not leveraged at all. Funds are protected using the strictest technological protocols and all records are carefully kept and kept secure.
In addition to providing a wallet that offers unparalleled security to support investors through the current bear market, ArbiSmart also offers unrivaled currency exchange and purchasing capabilities.
How to buy crypto safely, transparently (and profitably).
There are only two things that matter when buying and exchanging crypto – the security of the transaction and the cost. As we have seen, ArbiSmart’s security features are clear and there is a highly transparent buying process.
When you buy assets from the dashboard, you can choose from almost 30 different FIAT and cryptocurrencies. The transaction fees are among the lowest in the industry and you can also opt for a discount of between 10% and 50% on the actual purchase.
The specific terms of each rebate option are clearly stated prior to purchase, including the length of the lock-up period, the minimum purchase amount, and in some cases the amount of RBIS, the native token, that must also be locked for the lock-up period.
For example, you might decide to buy €5,000 worth of Ethereum. A table with discount options and conditions then appears automatically. If you opt for the 20% discount, you will have to pay €4,000 knowing that you will receive the equivalent of €5,000 in ETH after the lock-up period indicated in the table.
So what?
Once you have purchased currency from ArbiSmart and the lock-up period has expired, it can be withdrawn or stored in an ArbiSmart wallet savings plan, with the amount you earn depending on the length of the plan, the currency and your currency Bank balance.
The use of RBIS, the native token, is encouraged as your account balance depends on how much RBIS you hold. So more RBIS means a higher interest rate on balances in Bitcoin, Dogecoin, Euro or any other supported currency. Even if the balance is in RBIS, the interest rate is higher. This will spur demand for the token, as will the expected launch of a range of new utilities in early 2023, including a wallet app, a DeFi yield farming protocol with unique extension capabilities, a professional crypto exchange, an NFT marketplace, and Collection of exclusive NFTs. It is therefore no surprise that recently Analyst forecasts predict currency value to rise from under $0.5 to $2.87 by the end of Q1 2023!
As one of the safest and most trusted players in the industry, ArbiSmart is capable of going from strength to strength even as other projects lose ground.
If you sign up to ArbiSmart and have 5,000 EUR credit in a savings plan for at least 24 months, within 3 days of the publication of this article, ArbiSmart will grant you a bonus of up to 35% in the currency of your plan. Open a wallet nowby claiming your bonus by sending an in-platform chat request and referencing this article.
*This item has been paid for. The Cryptonomist neither wrote the article nor tested the platform.
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