IONPAY wallets is the core layer of IONPAY, where its a layer that stores all the coins in. Therefore wallet’s protections is in our priority to protect both merchants and users benefits. IONPAY wallet is guarded by a security features which called Multisignature technology. Hence, it is protected by a Multiple layers of security. It requires Multiple digital signature to be done therefore all coins are safely kept in this platform.
To strengthen the security of IONPAY on every level. IONPAY requires users to provide name for verification on the both process of collection and withdrawal. It is similar to a fingerprint verifying features. Which is a unique identity for each individuals. This features could prevent on any scam or fraud to the merchant and users on their coin.
IONPAY also held another security features that called - Coin security lock. This function can lock coin in the system which requires up to 56 hours to unlock. This could protect the coin from losing or damage caused by any third party that could possibly steal from this platform. The locking duration is set by merchants and it will unlock after the locking periods has ended.
In IONPAY, we do what we have to strengthen the platform security in order to protect all parties benefit. In order to do that, we have also use other methods such as: BUG bounty program, credit score system and other effective methods to ensure the security of merchants and consumers’ accounts. BUG bounty program attracts others to monitor and report bugs that occur on the technical layer whereby credit score system to evaluate user’s vulnerabilities.
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