Bulk Buying Crypto Safely with Bitprive

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Bulk Buying Crypto Safely with Bitprive

With the recent skyrocketed prices of various cryptos such as Bitcoin, Ethereum and even Dogecoin, bad news of buyers getting robbed in the process of purchase have not been uncommon to find on the local news. Just to name an example, recently a buyer was robbed over 3 million HKD in cash in the process of face to face crypto exchange.

 

If you are looking to buy or sell in amounts higher than 10,000 USD, we are happy to announce that Bitprive has all the security features ready for your use. Whether you are bulk buying for yourself or buying for your business, we have got you covered!

Why should you buy with Bitprive in Bulk?

First reason being security. When you are dealing with large amount of money, it is easy to be target for ingenuine scammers in the market. They might pose as sellers or buyers on online classified with the intention of robbing you. So, transacting on Bitprive with verified buyers and sellers can minimise that risk.

  • We’re extremely secure: We employ state of the art third parties for ID verifications and eKYC in order to truly provide you with a safe trading environment where all the offers you see are posted by identity verified sellers. We keep scammers away.
  • We are international: Whether you are an individual looking to invest crypto or you are a business trying to diversify, Bitprive provides you with international sellers and buyers so you don’t have to worry about not having a seller or a buyer around you, wherever you go.
  • Payment options: With over 180 payment methods, you can get paid or pay with virtually almost all popular payment options, so you can enjoy a seamless crypto to crypto and crypto to fiat experience.
  • Institutional traders: At Bitprive, we are a breeding ground of new OTC desk with our affiliate and partnership programmes. We are also a gathering platform for credible OTC desks to offer their liquidity on Bitprive. So, whether you are an institution or an individual, Bitprive has got your covered.

Bitprive and BitGo’s Multi-signature Technology

Bitprive-Distributed-ledger-technology-blockchain-3019121_1280At Bitprive, we are always looking to improve our security in order to provide our users with a safer trading environment. Incorporating BitGo’s multi-sig wallet technology has enabled us to focus on our core service

#1 Security

BitGo adopts multi-sig to secure all our wallet with their state of the art security features. BitGo is the by far the most advanced and well adopted security provider in the crypto-space. Bitprive will now provide a multi-signature wallet to each user, allowing users to keep track of their funds on the blockchain. With the integration with BitGo, we expect to see a minimization of hot wallet compromises. Since each user will have an individual multi-sig wallet, we will be less prone to large scale hacking that happened with other exchanges in the past. In other words, your crypto assets are way more secured and your chances of being hack is minimised.

The following is some of the features of BitGo’s multi-sig wallet technology:

  1. Functions as a 2-of-3 multisig wallet for sending transactions.
  2. Support for synchronous (single transaction) approvals containing multiple signatures through the use of ecrecover.
  3. Can deploy Forwarder contracts so that a single wallet can have multiple receive addresses.
  4. Forwarder address contracts have the ability to flush funds that were sent to the address before the contract was created.
  5. ERC20 tokens can be flushed from the forwarder wallet to the main wallet with a single signature from any signer.
  6. ERC20 tokens and ether can be sent out from the main wallet through a multisig process.
  7. ‘Safe Mode’ can be set on a wallet contract that prevents ETH and ERC20 tokens from being sent anywhere other than to wallet signers

Sign up now to start trading securely!

Disclaimer: The content herein is not, and is not intended to be, legal, financial, investment, or other advice.

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About Bitprive (BPVE)

Bitprive is a Blockchain startup focusing on developing a regulated global cryptocurrency OTC marketplace with 180+ popular payment methods in the world.

Verified users can list buy and sell offers on the Bitprive platform for multi-cryptocurrency trading with a wide range of digital and physical payment methods. On top of providing the platform technology and matching services, we also provide the BitEscrow Network where crypto is held in our Bitprive hot wallet before the payment is confirmed. Once the seller confirms payment, Bitprive releases the crypto from the BitEscrow Network to the buyer’s Bitprive wallet.

At Bitprive, we value security and efficacy.

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