What is a Bitcoin Wallet?

When using OKEx as your Bitcoin wallet provider, you may rest assured that the exchange uses the best Bitcoin wallet security protocols. The platform keeps the BTC it has custody over in cold wallets — meaning that, as an extra security precaution, each Bitcoin wallet is not connected to the internet. The passwords needed to access the private keys for OKEx wallets are held by different people located in different locations, and two password-holders cannot be in the same place at the same time.

There are some additional security steps that users of OKEx's Bitcoin wallet can take to further increase security when it comes to their own personal device. The password to access a Bitcoin wallet should be long and difficult to guess, using both numbers, letters and special characters. Users with the best Bitcoin wallet security are also likely to enable two-factor authentication, which makes it so that you must provide a second, randomly generated code — either sent to your phone as a text message or generated via an authenticator app — in addition to your password, each time you log in.

With this level of security built into the platform, setting up and using a Bitcoin wallet is not only convenient — it's safe.