Fumbi news
6. September 2022  • clock 3 min •  Fumbi Network

Already the Seventh Independent Audit of Fumbi wallets – 9/2022

As the only crypto-investment company, we regularly undergo an independent inspection of our wallets. The audit is done in cooperation with the renowned company SGS Slovakia, which is part of the global SGS network.

We passed another, already the seventh, independent inspection of cryptocurrency wallets. SGS compared the balance of 30 cryptocurrencies in the database with their actual values stored in the wallets.

The audit confirmed again that the state of the wallets where your cryptocurrencies are securely stored corresponds to the values listed in your profiles.

Thanks to independent audits, our users can be sure that they will always get their cryptocurrencies or money because we have actually bought the cryptocurrencies and stored them safely.

Security and reliability are vital to us, so we make it a point to work with only the best in the market. You can count on the fact that the cryptocurrencies you buy through Fumbi are in your direct possession and do not appear on our company’s balance sheet.

At the same time, you can also trust their safe storage – we cooperate with the Ledger Vault platform, one of the world’s best cryptocurrency storage solutions. Ledger Vault has its vaults insured against hacker attacks for up to 150 million dollars.

Which Cryptocurrencies Have Been Audited?

The audit certified the values of all cryptocurrencies in the Fumbi Custom and Fumbi Index Portfolio products, which we regularly update, as well as the PAX Gold cryptocurrency, which is in the Fumbi Bitcoin and Gold product. In total, all 30 cryptocurrencies that you can invest in at Fumbi have been audited. However, we are soon releasing a new product that will expand the selection of cryptocurrencies even further.


Why Is It Important to Do Such an Audit?

Many companies offer different ways to invest in cryptocurrencies. They may offer investing through their token (their own cryptocurrency) or some other version of uncontrolled investing where you are rarely the direct owner of your cryptocurrencies. Such companies often reside in tax and legal havens, and the enforceability of claims is very low. It is therefore vital to have a trustworthy company with you that can demonstrate the honesty of its activities.

About SGS

The SGS Group (Société Générale de Surveillance) is the world’s largest organisation in the field of inspection, verification, testing and certification of systems, founded in 1878 and headquartered in Geneva since 1919. SGS is recognised as a global benchmark for quality and integrity. With over 97,000 employees, SGS operates a network of more than 2,600 offices and laboratories worldwide.

Capitalise on the potential of cryptocurrencies simply, safely and effectively with us. Start investing as soon as possible with an amount from €50.


Avatar photo

Fumbi Network


Share with others

More articles with Fumbi