MultiversX Tracker is Live!

How does Binance (and other exchanges) cold store bitcoin?

Binance

Cryptocoins Exchanges / Binance 278 Views

How does Binance (and other exchanges) cold store bitcoin?

Looking at the bitcoin rich list, how do Binance (and other exchanges) securely maintain these HUGE cold storage addresses? It's a single addresses, so its non-deterministic and I highly doubt Binance is using a Ledger or Trezor. I imagine they use separate online and air-gapped offline computers to create, sign and broadcast the transaction, but it would be interesting to know what wallet client they use.

https://preview.redd.it/gja7hapbqmr71.png?1633&format=png&auto=webp&s=a68b45f44b84718b45bfb66fc94f07894efbb7a5

submitted by /u/khu424
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments