FameEX Strives The Gold Standard in Cryptocurrency Safety and Security

by Cloud PR Wire July 15, 2023

Australia, 15th Jul 2023 – In an era of burgeoning cryptocurrency trade, FameEX, a global and digital asset exchange, stands tall as a haven of security. With an impressive three-year track record devoid of security incidents, the cryptocurrency exchange has adopted an innovative “internal and external” strategy to guarantee user capital security, earning it a reputation as the industry’s gold standard for safe trading.

Internally, FameEX segregates user assets from operational funds, thereby shielding the user’s capital from potential misuse and fostering uninterrupted operations. Externally, it upholds a high level of transparency, promising static storage of users’ funds in a fixed wallet, along with regular updates on its wallet assets and insurance fund on the official Fund Reserve page. The platform showcases a four-tiered technology protection mechanism and a sub-national hierarchical management system. This multi-pronged security strategy is further fortified with a full-node wallet method for fund storage. It features an irreversible private key generation through a one-way hash function, and a system to split and manage keys ensuring optimal wallet privacy and security.

Rising as the Benchmark for Secure Cryptocurrency Trading

As cryptocurrency trading grows, platforms like FameEX, which underscore “zero accidents and high security,” are set to emerge as the go-to choice for both seasoned traders and beginners. The platform’s strength lies in its comprehensive protection measures. A three-level security attack and defense system defends against network attacks, having neutralized over 300,000 since inception. Other layers of security include a four-tiered encryption system and meticulous permission planning across multinational teams. FameEX also employs a fixed wallet system for user fund authorization, complete with an early warning system for fund changes. An advanced bank-level settlement system and cutting-edge KYC authentication systems underline the platform’s commitment to operational excellence.

While discussing the safeguarding measures for user assets on FameEX, Carl Wang, the CTO of FameEX, asserted that the core ethos of every platform should revolve around long-term growth, ensured by maintaining a clear separation between user assets and operational assets. This implies a steadfast commitment to not utilizing user assets, and instead relying on its own resources for smooth functioning. Simultaneously, there is an absolute necessity to guarantee that user funds. Whether in the chain storage, On-chain or Off-chain is completely secure from any form of technological threats. That’s why FameEX is committed to delivering a reliable and stable experience to its vast global audience.

Expand and Upgrade its Derivatives Service

FameEX platform presents diverse and comprehensive products including fiat-crypto and crypto-crypto transactions, grid trading, futures, options, margin and spot trades, and a highly sought-after referral and affiliate program. As a prominent platform in the cryptocurrency derivatives space, FameEX is broadening its horizons beyond the derivatives market. The company is in a phase of rapid product advancement, with the intention of listing promising new coins in its Innovation Zones. This move aims to offer its users access to the most popular and evolving sectors within the cryptocurrency market. Yet, it is the company’s unwavering focus on innovation and expansion that truly sets it apart. This strategic approach aligns with their commitment to leading the charge in the integration of Web3 future into the crypto ecosystem. FameEX’s secure, quick, and user-friendly trading services cater to over 600,000 users across various regions, further solidifying its position as a preferred derivative trading platform.

FameEX Launches a 15-Day Futures Trading Competition

FameEX is inviting all crypto traders to participate in a 15-day USDT-margined perpetual futures trading competition. Running from May 26 to June 9, 2023, the competition has a grand prize pool of 20,000 USDT. The event offers three distinct activities, each with varying rewards, making it an attractive proposition for both new and experienced traders. The competition, open to users worldwide, aims to lower the entry barriers and provide lucrative rewards for active participation. Further information on ‘Super Futures Trading Benefits: Trade to Share 20,000 USDT’ can be found on the announcement page of FameEX.

About FameEX

Launched in 2020. FameEX is a global cryptocurrency exchange that currently provides fiat-crypto, crypto-crypto, grid trading, futures, options, margin, spot and a hugely popular referral and affiliate program. With more than 600,000 registered users across 50 countries and regions, FameEX provides a secure, stable and efficient 24/7 trading platform. In addition, FameEX keeps pushing the boundaries of the crypto exchange industry, exploring frontier growth opportunities and strengthening core competencies, expanding into adjacent product offerings and developing innovative business models that lead the way in bringing Web3 solutions into the crypto ecosystem including recruiting more Web3 developers and researchers to enrich the Web3 product that will support those visionary traders.

Find FameEX on:

Website: https://www.fameex.com/

Twitter: https://twitter.com/FameEXGlobal

YouTube: https://www.youtube.com/c/FameEX

Telegram: https://t.me/fameexgroup

Discord: https://discord.gg/V8yvKPxVCk

Trade on-the-go with the FameEX app (iOS/Android)