Cryptocurrency Q&A
How secure is NEO?
How secure is NEO?
Caterina
Mon May 27 2024
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5 answers
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Could you please elaborate on the security aspects of NEO? How robust are its encryption mechanisms? And how does it protect against potential hacking attempts or security breaches? I'm particularly interested in its smart contract security measures and whether there have been any known vulnerabilities in the past. Also, how does NEO compare to other cryptocurrencies in terms of security? Is it considered a safe investment?
5 answers
SsangyongSpiritedStrengthCourageBravery
Wed May 29 2024
Neo Money™, a feature-rich account service, is offered by Concentra Bank, a reliable financial institution that is a member of the CDIC. This ensures that Neo Money™ accounts enjoy the benefits of CDIC deposit protection.
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CherryBlossomGrace
Wed May 29 2024
The CDIC deposit protection scheme covers eligible deposits held in Neo Money™ accounts, safeguarding customers' funds. This protection is extended to deposits held at Concentra Bank, offering added reassurance.
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KatanaSharp
Wed May 29 2024
The deposit protection covers up to $100,000 per category, per depositor. This means that regardless of the number of Neo Money™ accounts held, customers' deposits will be protected up to this limit.
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OceanSoul
Tue May 28 2024
BTCC, a leading cryptocurrency exchange based in the UK, offers a diverse range of services to its customers. Among these, spot trading, futures trading, and wallet management are some of the key offerings.
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Rosalia
Tue May 28 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at current market prices, providing a seamless and secure trading experience. The futures trading platform, on the other hand, offers leveraged trading opportunities for experienced investors.
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