How Does the Protection of Your Funds Work at Fumbi

The world of cryptocurrencies was recently shaken by the news of the fall of the FTX crypto exchange. People are more and more aware that security and cooperation with trusted institutions are paramount. At Fumbi, we have long been guided by the fact the safety and protection of your assets come first. That’s why we work with the best on the market.

We use Ledger Vault and Fireblocks to store your funds. Why is it a safe choice?

Management 

The mechanism is designed in such a way that the administrator cannot independently withdraw funds and move them elsewhere. There must be more administrators and operators, and they must cooperate and confirm the approved transfers. No rule can be bypassed; management rules are protected at the hardware level. Therefore, it cannot happen that the funds would get stolen.

Self-Custody 

Regardless of what happens in the cryptocurrency market, all funds deposited with us are truly there with us. You can also see this thanks to the independent audit that we regularly undergo with the company SGS Slovakia.

Transparency 

Every movement is recorded on the platform, and every transaction can be exported at any time for audit purposes.

Hardware Security

Ledger is a world leader in crypto security, and Fireblocks is also among the best. In 4 years, Ledger has protected investments in the amount of hundreds of billions of dollars, while not a single € was stolen or otherwise lost.

Cold Wallet 

Your cryptocurrencies are stored in a cold wallet via Ledger Vault and Fireblocks. This means that the wallet is not connected to the Internet and is protected from hacker attacks.

Invest in cryptocurrencies easily and safely. With Fumbi, you only need to make a deposit of €50, and you can start capitalising on the potential of this market.

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