London, UK, 31st May 2023, ZEX PR WIRE, When it comes to managing digital assets in the world of cryptocurrencies, users prioritize security, convenience, and accessibility. Freebnk, a groundbreaking banking app, offers a comprehensive solution that combines cutting-edge technology with a user-friendly interface, catering specifically to crypto enthusiasts.
This specialized app offers a range of advantages, including:
- Crypto Deposit Insurance: Freebnk recognizes the concerns and risks associated with storing digital assets. To address these concerns, the app provides a comprehensive deposit insurance policy that covers up to $10,000 worth of cryptocurrencies held within the app. This feature offers users peace of mind, knowing that their assets are protected in unforeseen circumstances.
- Secure MPC Wallet Structure: Freebnk utilizes a state-of-the-art secure multi-party computation (MPC) wallet structure provided by Fireblocks. This technology ensures that the private keys required to access and manage cryptocurrencies are never fully exposed. Instead, they are distributed across multiple secure devices, reducing the risk of single points of failure or hacking attempts.
- Treasury Insurance: To further enhance security measures, Freebnk offers its own treasury insurance of $30 million USD. This financial safety net provides reassurance to users in the event of a security breach or financial loss, ensuring that any potential losses are covered.
- Aggregating Algorithms: Freebnk sets itself apart from competitors by incorporating aggregating algorithms into its platform. These algorithms are integrated with over 300 decentralized and centralized liquidity sources, enabling Freebnk to offer the most competitive prices on the market. Users can take advantage of these algorithms to access the best rates when buying, selling, or exchanging cryptocurrencies, maximizing their investment potential.
- Seamless User Experience: Freebnk prioritizes a seamless user experience with an intuitive and easy-to-use interface. Users do not require prior knowledge of complex crypto-related concepts or seed phrases. The app bridges the gap between traditional banking and cryptocurrency management, allowing anyone with basic mobile banking app experience to navigate and utilize the platform effortlessly.
Yunus Ozkaya, Founder and CEO at Freebnk, expressed his excitement about the app’s potential:
“Freebnk is a game-changer in the world of crypto banking, providing a secure, convenient, and user-friendly solution for managing digital assets. With its crypto deposit insurance, secure MPC wallet structure, treasury insurance, aggregating algorithms for the best market prices, and easy-to-use UI/UX, Freebnk empowers crypto enthusiasts worldwide.”
Freebnk will soon be available in Turkey, Mena, EU, and the UK, offering its comprehensive suite of features to meet the needs of both seasoned traders and newcomers in the crypto space.
For additional information and business inquiries, please contact: https://www.freebnk.io/
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No The Finboard journalist was involved in the writing and production of this article.