At BLOX, we consciously decided not to allow sending coins to other wallets. This decision was made with the safety of your coins in mind and to keep potential risks to an absolute minimum. In this way, we create the safest possible platform at BLOX!
This is how we keep your coins safe!
Safety is a priority at BLOX! That's why we maintain the highest standards when it comes to protecting your money. How we do it exactly is explained below.
Cold storage: coins are stored offline
As soon as you deposit coins on our platform, we store most of them in cold storage. This means that access (the 'private keys') to all coins is created and stored offline. Access to your stored coins is thus not connected to the internet and is therefore virtually inaccessible to hackers. This way, your crypto remains safely in your vault.
Your BLOX vault is linked only to you
Have you deposited coins and want to take out profits? You can only do so with a linked bank account verified to your name. We do this for your security: because even if someone else manages to hack into your account, they won't be able to send money to themselves. So your money only goes back and forth between your BLOX vault and your personal bank account linked to your BLOX account. In short, you cannot transfer crypto to someone else's bank account or to another BLOX account.
Why is it not possible to withdraw coins?
