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Cryptocurrency Exchange LazyCoins Isn't Lazy About Security

Avatar Guest Author 5 years ago

With new altcoins created every week, the demand for secure platforms to trade digital currencies has also grown. And LazyCoins has its eyes set on being an industry innovator. As a new exchange, LazyCoins’ main priorities are to make cryptocurrency trading easier and more secure, while providing new and innovative ways to trade.

Speaking on the security of the platform, Danial Daychopan, founder of LazyCoins, stated,

Digital currency needs to be protected like cash. The only way to guarantee security is to store the digital codes offline, in a process known as cold storage. Our 100% cold storage policy means that even in the unlikely event our system was compromised, our customer’s funds would be completely safe.

Despite bitcoin having the largest market cap of any current digital currency, the world of cryptocurrency is still booming with many alternatives. Being able to trade new coins in a secure and trusted environment is what LazyCoins is betting the house on. With features like, bank-grade security, 100% offline storage, multi-sig keys and manual approval of withdrawals, the team isn’t taking any shortcuts.

Danial went on to add,

We are the first exchange to introduce multi-tab smart trading platform. We’re also launching LazyPay, a service that allows merchants to take payments in bitcoins and other cryptocurrencies, dramatically reducing their transaction fees. Our mission is to innovate and be a lead by example for others. It’s a really exciting time for us and the industry.

With over 5000 registered users since its beta launch, LazyCoins is building good momentum as it heads towards it official unveiling. The formal launch date, which is yet to be announced, is expected in early January 2015.

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