What, if anything, has prompted these changes?
Have you reviewed the relevant parts of this old discussion of website security?
Topic: FBTC Exchange: Update - Extra safety measures. (Read 1527 times)
Dear Bitcoin users,
To increase the safety of our platform we have implemented some additional security measures.
you can now trade 100% safe at FBTC Exchange. You can use the new security measurements if you wish to.
We have an US dollar bank account special for users outside of Europe. Funding of your account through bank transfer will take 4 days due to the process at the local bank of your country.
ING bank have stated to us that all transfers to our US dollar account will be processed immediately. This applies to transfers in and out of our bank account.
If you have a validated account we can do a speed transfer to your account. This transfer is processed at ING the same day. Depending on the speed of your local bank it can be in your bank account the next day.
I will list the security measurements.
Incoming bank transfers:
To transfer funds from your local bank to your account you need to generate a unique transaction code. The combination of your bank account and the transaction code will provide a valid transfer to your account.
With the security measures of incoming transfers and the limit of USD 750,00 per day we reduce the risk to a level that we can absorb.
Transfers with an invalid code or from an unknown bank account will be automatically refunded to the bank account.
We get questions if the same thing that is happened to Bitcoin24 can happen at FBTC Exchange. Bitcoin24 had no validation of incoming transfers. So invalid or fraudulent transfers are changed for Bitoins and taken out of Bitcoin24.
When the bank requested refunds from Bitcoin24 they could not pay the money back.
Two-way authentication:
To protect your account if your username and password are stolen, we have a two-way authentication into the system using Google authenticator.
After activating the Google authenticator you must enter an extra validation for login, sending Bitcoins out of the account and make withdrawal orders out of your account.
Lock of Bitcoin send Addresses:
To add security to your account you can lock a maximum of five Bitcoin addresses. After you lock your addresses you can only send Bitcoins to the specified addresses.
To unlock and change the addresses you have locked you must send a support ticket.
We will ask you for additional verification to release your bitcoin send addresses. (This is not a complete validation of your account.)
Lock of connected bank accounts:
For safety reasons you can lock your connected bank accounts. After the lock of your connected bank accounts you can only make withdrawals to the specified bank accounts.
Once your bank accounts are locked and you want them released you can send us a support ticket.
We will ask you for additional verification to release your bank accounts. (This is not a complete validation of your account.)
FBTC Exchange is committed to maximize security. With these additional security measures taken, you are assured that no one can take away your Bitcoins or funds.
Sincerely,
Peter
FBTC Exchange
To increase the safety of our platform we have implemented some additional security measures.
you can now trade 100% safe at FBTC Exchange. You can use the new security measurements if you wish to.
We have an US dollar bank account special for users outside of Europe. Funding of your account through bank transfer will take 4 days due to the process at the local bank of your country.
ING bank have stated to us that all transfers to our US dollar account will be processed immediately. This applies to transfers in and out of our bank account.
If you have a validated account we can do a speed transfer to your account. This transfer is processed at ING the same day. Depending on the speed of your local bank it can be in your bank account the next day.
I will list the security measurements.
Incoming bank transfers:
To transfer funds from your local bank to your account you need to generate a unique transaction code. The combination of your bank account and the transaction code will provide a valid transfer to your account.
With the security measures of incoming transfers and the limit of USD 750,00 per day we reduce the risk to a level that we can absorb.
Transfers with an invalid code or from an unknown bank account will be automatically refunded to the bank account.
We get questions if the same thing that is happened to Bitcoin24 can happen at FBTC Exchange. Bitcoin24 had no validation of incoming transfers. So invalid or fraudulent transfers are changed for Bitoins and taken out of Bitcoin24.
When the bank requested refunds from Bitcoin24 they could not pay the money back.
Two-way authentication:
To protect your account if your username and password are stolen, we have a two-way authentication into the system using Google authenticator.
After activating the Google authenticator you must enter an extra validation for login, sending Bitcoins out of the account and make withdrawal orders out of your account.
Lock of Bitcoin send Addresses:
To add security to your account you can lock a maximum of five Bitcoin addresses. After you lock your addresses you can only send Bitcoins to the specified addresses.
To unlock and change the addresses you have locked you must send a support ticket.
We will ask you for additional verification to release your bitcoin send addresses. (This is not a complete validation of your account.)
Lock of connected bank accounts:
For safety reasons you can lock your connected bank accounts. After the lock of your connected bank accounts you can only make withdrawals to the specified bank accounts.
Once your bank accounts are locked and you want them released you can send us a support ticket.
We will ask you for additional verification to release your bank accounts. (This is not a complete validation of your account.)
FBTC Exchange is committed to maximize security. With these additional security measures taken, you are assured that no one can take away your Bitcoins or funds.
Sincerely,
Peter
FBTC Exchange
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