Cryptocurrency Q&A
Is Korbit coin safe?
Is Korbit coin safe?
Ilaria
Fri Oct 04 2024
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7 answers
1919
Could you elaborate on the safety of Korbit coin for potential investors? Are there any security measures in place to protect users' funds and transactions? Additionally, what kind of regulatory framework does Korbit operate under to ensure compliance and trustworthiness? Understanding these aspects would help investors make informed decisions about the safety of Korbit coin.
7 answers
KiteFlyer
Sun Oct 06 2024
Korbit, a cryptocurrency exchange, has received a security rating of D, indicating a moderate level of security concerns.
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Thunderbolt
Sun Oct 06 2024
With a security score of 19%, the platform lags behind many of its competitors in terms of robust security measures.
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Isabella
Sun Oct 06 2024
Notably, Korbit is only partly certified, meaning that it has not achieved full compliance with industry-standard security requirements.
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Sebastiano
Sun Oct 06 2024
Additionally, the exchange has not undergone an approved penetration test, which is a crucial step in identifying and addressing potential vulnerabilities.
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Bianca
Sat Oct 05 2024
The lack of an ongoing bug bounty program further undermines Korbit's security posture, as it denies the platform the opportunity to incentivize security researchers to identify and report vulnerabilities.
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