ACE SECURITY
Security of user information and funds is our top most priority. Our dedicated security team is continually improving our end-to-end security measures, improving auditing processes, and reducing the 'attack surface' of our infrastructure. Please note that we cannot disclose compelte details of the security measures implemented on the platform for security and proprietary reasons.
Some of the security measures highlighted below are in place by default, and others can be activated based on the security level you need. Please check the security status of your account and see recommendations.
Two-factor authentication (2FA): Add an extra layer of security to your account and protect sensitive operations such as logging in, generating API keys, and withdrawing. Configure two-factor authentication using Google Authenticator Security Key.
Withdrawals protection: Security system monitors withdrawals by IP address and other user behavior patterns, triggering manual admin inspection on withdrawals that appear unusual.
Majority of system funds are stored in offline, cold wallets. Only approximately 1% of crypto assets are accessible in hot wallets for day-to-day platform operations. As an added protection, the cold wallets are not available from the platform or the platform servers. The funds in offline cold storage require manual intervention by several members of our management to access.
UP-TO-DATE Linux systems to host the platform: Our servers network is protected using always up-to-date software and the best possible practices.
Automatic backup of the database: Once a day, the database of the platform is backed up, encrypted and compressed as an archive.
Duplication of backup data: As soon as a new backup is ready, it is sent to others servers in several physical locations.
Protection from DDoS attacks: We are protected by automatic Distributed Denial of Service protection to ensure that trading cannot be halted by outside attacks.
BYFEX features
Byfex is a full-featured trading platform for the major cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Cubiyan, etc. The platform offers leveraged margin trading through our peer-to-peer funding market.
Exchange
BYFEX offers a compalete exchange platform to the world, allowing users to easily exchange Bitcoin, Litecoin, Ethereum, Cubiyan against USD or BTC with minimal slippage. We also boast a suite of order types to help traders take advantage of every situation.
Margin Trading
BYFEX allows for users to trade with up to 2x leverage by receiving funding from the peer to peer margin funding platform. Users can enter an order to borrow the desired amount of funding at the rate and duration of their choice, or they can simply open a position and BYFEX will take out funding for them at the best available rate at that time.
Margin Funding
The margin funding market provides a way to earn interest on Euro, US Dollar, Bitcoin, Litecoin, Ethereum, and Cubiyan by providing funding to traders wanting to trade with leverage. Users can offer funding at the rate and duration of their choice, or they can simply lend at the Flash Return Rate.
Customizable Interface
BYFEX allows to set up your preferences and organize the workspace according to your needs
1. Compose the Trading Sidebar and choose its side (Left or Right)
2. Manage tickers navigation and save preferences
3. Organize and sort the Order Book columns
4. Set your table preferences
Switch anytime bewteen Dark and Light theme
Set up in browser notifications and custom sounds alerts