Is it safe to store crypto assets within the Wealth App? The short answer will be: “yes”. But who would be satisfied by such a short response? Let’s see in detail what’s so safe about it.
What comes to your mind when when you hear about “Swiss Quality”? Precision, craftsmanship and expertise - that’s what lies deep in the foundation of the Swiss culture and its work ethic. Switzerland’s financial sector is incredibly safe and stable thanks to the centuries of expertise. The Wealth App is the next step in developing secure and stable financial system. We work with the best engineers, finance experts and the most secure systems in the world to bring Swiss Wealth Management to you.
SwissBorg is a regulated Entity with licences
Full transparency is one of our key values - we always communicate openly and honestly with our community. So it is a must for us to be legal and to have all the licences and you can learn more about it here.
Customer funds are segregated from SwissBorg funds
You keep your funds in your Wealth App wallet. And you will always have access to your funds, no matter what happens.
It is one of the most secure systems which we use inside the Wealth App. It stands for multi-party computation and its advantage is the security key that is divided into multiple parts which have to be engaged in certain order during the transaction. Such system is very difficult to hack. Apart from that, there is also no private key which user could send accidentally to some third party.
We use advanced manual recovery process which requires to go through KYC procedure again. In order to recover your account, you need to upload all the necessary documents which will be reviewed by a KYC officer. You can read more about it here.
As you see, the Wealth App has everything for secure storage of your funds. For more details about the application make sure to visit our Help Centre and in case you have any questions, feel free to contact our support team.