Security

Is Blockbid regulated?
As a registered digital currency operating in Australia we are fully compliant with the AML/CTF guidelines outlined by AUSTRAC
Mon, 3 Sep, 2018 at 2:51 PM
Is Blockbid safe and secure / Is it safe to use Blockbid?
Yes, Blockbid is safe to use. Here's a few reasons why: 95% of all crypto asset deposits are stored in an offline multi-signature hardware vault As ...
Mon, 3 Sep, 2018 at 3:17 PM
What security features will be available on Blockbid?
Users will have the ability to enable 2FA, cold wallet storage, insurance against cyber attack, as well as other security enhancements such as IP whitelist....
Mon, 3 Sep, 2018 at 2:57 PM
What is 2FA (two-factor authentication)?
2FA is an extra layer of security used to make sure that people trying to gain access to an online account are who they say they are.  First, a user ...
Mon, 3 Sep, 2018 at 3:08 PM
What 2FA app does Blockbid recommend?
Blockbid recommends using Google Authenticator, Authy or LastPass.
Mon, 3 Sep, 2018 at 2:59 PM
Why do I have to go through 2FA process for every time I login?
Having two-factor authentication (2FA) on your account improves your security by making it harder for unauthorised people to access your data and therefore ...
Mon, 3 Sep, 2018 at 3:04 PM
I lost my phone, what should I do to setup 2FA again?
If you are using Google Authenticator or TOTP for Two-Factor Authentication, when you first setup Two-Factor Authentication (2FA), you would have received a...
Mon, 3 Sep, 2018 at 2:55 PM
How do I enable 2FA on my account?
You will be prompted to set up 2FA (2 Factor Authentication) when you create your Blockbid account. However, if you'd ever like to make changes to the...
Thu, 27 Sep, 2018 at 11:44 AM
How can I ensure maximum security on my account?
Here are a few tips for ensuring maximum security on your Blockbid account: Don't share your password with anyone Don't share your private key ...
Mon, 3 Sep, 2018 at 3:20 PM
Why do you require my ID and proof of address for verification?
All prospective Blockbid customers must complete our Know Your Customer (KYC) and Anti-Money Laundering (AML) verification processes. This process requires y...
Mon, 3 Sep, 2018 at 3:25 PM