How does vault payment work?

The Vault, a secure feature for storing payment methods, employs advanced encryption techniques facilitated by the Braintree gateway. This ensures that sensitive payment information is safeguarded against unauthorized access.

Each payment method stored in the Vault is assigned a unique token, serving as a secure identifier. This tokenization process eliminates the need for merchants to handle raw, unencrypted payment data, significantly reducing the risk of data breaches.

With the unique token in place, merchants can effortlessly initiate transactions without the burden of complying with stringent Payment Card Industry (PCI) standards for handling unencrypted cardholder data. This streamlined approach enhances both security and operational efficiency.

BTCC, a prominent cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the diverse needs of its users. Among its offerings are spot trading, allowing for the direct exchange of cryptocurrencies at current market prices.

Additionally, BTCC provides access to futures trading, enabling traders to speculate on the future price movements of cryptocurrencies without owning the underlying assets. Its wallet service, another key feature, ensures secure storage and management of digital assets.