The Importance of Asset Safety in an On/Off Ramps Product

Introduction to on/off ramps and potential risks

On/off ramps are essentially ways to move assets between the crypto market and the traditional financial market. They allow users to buy and
sell crypto currencies using fiat currencies safely, just like Gate Connect.

While on/off ramps can be convenient, they do carry some risks. For example, users may be exposed to fraud or hacking when using certain platforms, or they may incur high fees. It’s important to do thorough research and due diligence before using any on/off ramp service.

How Gate.io help to protect user’s asset safety

So what safety measures does Gate.io implement to protect user’s funds？ There are many things that Gate.io does to make sure you and your assets are safe. We have summarized three most important measures for you in this article.

KYC Requirement

Gate.io required every user to pass the KYC to unlock the normal functions, such as depositing and withdrawing. You can not only enhance the security of your account, but also get to enjoy a faster and smoother deposit and withdrawal experience.

Under some conditions such as suspicious withdrawal, an advanced identity verification (KYC2) will be required as well.

KYC has become a very crucial restriction to prevent hackers and scammers from transferring crypto.

Double Authentication

At the same time, Double Authentication is provided on Gate.io. If you link your account to at least 2 out of 3 authentication methods(A phone number, a Google/Gate authenticator and an email address), you can activate the Double Authentication and anyone who is trying to login to your account must verify themselves by 2 methods.
This really provides users with more security and credibility when you are using an on/off ramps product.

Solutions for Stolen Currencies

Other than the two measures above, Gate.io makes one final consideration for the security of users’ assets.

Users can report the entering of stolen currencies to Gate.io by submitting legal and authentic reports including the screenshots of the transfer record, transaction ID, transfer address, all related blockchain transaction links, and a detailed narrative of the case.

Ending

Although Gate.io has taken many measures to protect the security of users’ funds, when using the product, there is still something you can do to protect yourselves, such as store your assets in a secure wallet, and be cautious about sharing personal information online.