Industry best practice

Spendher and our counterparties implement bank grade security systems and data encryption to protect you and guard against any unauthorized transactions and access to your personal or financial information, including the protection of cryptocurrency assets stored on our networks.

Cold/Hot Wallets: The majority of the platform's cryptocurrency funds are held in multisig addresses, with private keys distributed to key staff on air-gapped devices. A minority of “live” funds are held on the servers and protected according to the platforms internal security policy of tiered access, hardware device requirement entry points, and location specific accessibility.

Seed management: Seeds generated for both the cold and hot wallets are broken up and stored with multiple industry-standard trusted third parties.

Spendher and our counterparties have also partnered with to reward security researchers in helping keep our community safe. 

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