security of lz lending

Security

4 articles in this collection

Understanding the LZ Lending Basics

Your most basic cryptocurrency loan questions and curiosities explained

For many, the idea of cryptocurrency is intriguing – but very confusing. While there are millions of excited and interested individuals looking to build their wealth through blockchain and cryptocurrency investment, the initial learning curve can seem daunting. While many beginners feel intimidated and uncomfortable asking questions about the basics of cryptocurrency, we feel that truly understanding the process and the safety of the product will help ease the minds of those wondering about the currency of the future. As an innovative cryptocurrency lending platform, we often receive many questions about the process and the safety of the products. In this article, we will address three of the largest questions we receive at LZ Lending. Our goal is to help ease minds, calm fears, and help open the door to financial growth and freedom for millions of individuals throughout the world.

How Secure is LZ Lending

To simply say your assets are secure with LZ Lending is an understatement. Utilizing our secure cloud infrastructure along with modern encryption standards, LZ Lending offers the highest level of digital and physical security available in the world. By utilizing a web application firewall, DDoS protection, regular vulnerability scans, secure software development life cycle (SSDLC), PCI DSS certification, and account takeover protection, LZ Lending proudly offers an iron proof protection plan for your cryptocurrency. Beyond those incredibly rigorous standards, we also offer Bug Bounty programs – hiring ethical specialists and white hat hackers to constantly analyze and examine our platform for potential vulnerabilities designed to prevent problems before they occur.

Where is my Cryptocurrency stored?

LZ Lending stores all cryptoassets in offline, cold, multi-signature wallets, meaning that all transactions are held offline utilizing separate devices that have never been connected to each other on the network. The process includes several different individuals for maximum security and safety. The multi-person and multi-signature requirement means that moving your crypto assets is not possible without at least three to eight different individuals. The end goal is to keep your money stored securely, and unable to move without your expressed consent.

How Can I Trust LZ Lending?

Frankly, we have the most robust security protocols, most in-depth storage system, and well-respected reputations in the industry. LZ Lending has become a cryptocurrency lending and funding platform giant for a reason – we take our reputation, security, and our clients needs incredibly seriously. Our entire platform is based on trust, expertise, and reputation – and at LZ Lending, we will do nothing to sully our good name, and with the added security of $150 million dollar insurance from Ledger Vault, our clients can rest assured that the LZ Lending team is taking all the necessary steps to earn and keep your trust.

At the end of the day, our true goal is to offer exceptional services for our clients cryptoassets, all while helping to grow the economy of the future through secure lending and borrowing between interested investors and business leaders. LZ Lending is committed to offering secure cryptocurrency and blockchain services that will help grow wealth and lead the financial revolution of the future.