Keeping Your Bitcoin Transactions Safe
Best Practices to Ensure Your Security and Privacy
To protect against thieves and hackers, CryptoWallet IRA works alongside BitGo, the leader in multi-signature encryption technology, to protect your digital funds. BitGo generates digital wallets, which store and protect your collection of cryptocurrencies. BitGo protects all cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
To keep digital wallets private and secure, BitGo generates three digital security keys to protect each individual account against identity theft or Bitcoin hacking.
- Generated and stored by customer
- Used to initiate all transactions
- Generated and stored by BitGo
- Used to co-sign all transactions
- Generated offline
- Stored offline by customer for disaster recovery
The first key is generated and protected by you for your funds, the second key is protected by BitGo as an additional security measure, and the final key is generated digitally for disaster recovery.
That final key is kept online for your use in case of an emergency.
These three keys are kept in three separate cold-storage locations, which is to say that they aren’t stored anywhere on the Internet where they could be victim to hacking.
After BitGo generates your keys, it will generate a cold-storage wallet for you and your account, and this is where CryptoWallet IRA will store your digital funds.
CryptoWallet IRA specialists will walk you through this process from start to finish. At CryptoWallet IRA, we will generate a cryptocurrency retirement investment strategy especially for you, and guarantee full-service security for your digital funds.