Last Updated on: 22nd November 2023, 10:11 am
In the realm of cryptocurrencies, security, convenience, and accessibility are paramount for users seeking efficient management of their digital assets.
Enter Freebnk, a groundbreaking banking app that seamlessly combines advanced technology with a user-friendly interface, offering a comprehensive solution for crypto enthusiasts.
The specialized app boasts several advantages, including:
- Crypto Deposit Insurance: Recognizing the concerns and risks associated with storing digital assets, Freebnk provides a robust deposit insurance policy. Users can rest assured with coverage of up to $10,000 for cryptocurrencies held within the app, providing peace of mind against unforeseen circumstances.
- Secure MPC Wallet Structure: Freebnk utilizes a state-of-the-art secure multi-party computation (MPC) wallet structure, powered by Fireblocks. This technology ensures that the private keys required for accessing and managing cryptocurrencies are never fully exposed. Instead, they are securely distributed across multiple devices, minimizing the risk of single points of failure or hacking attempts.
- Treasury Insurance: To reinforce its commitment to security, Freebnk offers its own treasury insurance of $30 million USD. In the unlikely event of a security breach or financial loss, Freebnk has substantial financial resources to cover any potential losses, further safeguarding users’ assets.
- Aggregating Algorithms: Setting itself apart from competitors, Freebnk incorporates its own aggregating algorithms. These algorithms seamlessly integrate with over 300 decentralized and centralized liquidity sources, enabling Freebnk to offer the most competitive prices in the market. Users can leverage these algorithms to access optimal rates when buying, selling, or exchanging cryptocurrencies, maximizing their investment potential.
- Seamless User Experience: Freebnk boasts an intuitive and user-friendly interface, designed to be accessible even for individuals with no prior knowledge of seed phrases or complex crypto concepts. By prioritizing a seamless user experience, Freebnk bridges the gap between traditional banking and cryptocurrency management, enabling anyone familiar with basic mobile banking apps to effortlessly navigate and utilize the platform.
Yunus Ozkaya, Founder and CEO at Freebnk, expresses the app’s game-changing nature in the crypto banking landscape, offering a secure, convenient, and user-friendly solution for managing digital assets. With its comprehensive features such as crypto deposit insurance, secure MPC wallet structure, treasury insurance, aggregating algorithms for optimal market prices, and an intuitive UI/UX, Freebnk aims to empower crypto enthusiasts worldwide.
Whether you’re an experienced trader or new to the crypto space, Freebnk provides a comprehensive suite of features to meet your needs, ensuring a secure and efficient way to manage your digital assets.
FreeBnk will soon be available in Turkey, Mena, EU, and the UK.