Is it safe to store crypto assets in the SwissBorg app? The short answer is: “yes”.
But who would be satisfied with 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 SwissBorg app is the next step in developing a secure and stable financial system. We work with the best engineers and finance experts and use the most secure systems in the world, in order 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 fully compliant with all legal rules and regulations, and to have all the licences. You can learn more about this here.
Your funds are segregated from SwissBorg funds
All of your funds will be stored on your account. The advantage of being with SwissBorg is that there will be no safekeeping fees, all your assets will be stored free of charge. Your funds aresegregated from the company's assets. In case of bankruptcy, your funds will remain, you will not suffer any losses. The policy of segregation will guarantee the safety of your funds.
It is one of the most secure systems that we use in the SwissBorg app. It stands for Multi-Party Computation, and its advantage is the security key that is divided into multiple parts, that have to be engaged in a certain order during the transaction. Systems like these are very difficult to hack. Additionally, there is no private key that could accidentally be shared with a third party, either intentionally or unintentionally.
We use an advanced manual recovery process that requires you to re-do the KYC procedure and verify all Account Levels again. In order to recover your account, you will need to upload all the necessary documents, which will then be reviewed by a KYC specialist. You can read more about it here.