At The Beast, we prioritize the security of your digital assets. We employ a multi-layered approach to security, integrating industry best practices and leading certifications to ensure the utmost safety of your cryptocurrency holdings.
A key component of our security strategy is robust cold storage solutions. A significant portion of user funds are held offline in secure, air-gapped environments, completely isolated from internet access. This eliminates the risk of online attacks. Additionally, stringent physical security measures are in place to prevent unauthorized access, ensuring your funds remain protected from physical threats.
We use state-of-the-art encryption technologies to secure communication between our servers and your devices. Utilizing Transport Layer Security (TLS) and Secure Sockets Layer (SSL) protocols, we ensure that all data transmissions are protected, keeping your sensitive information confidential and safe from prying eyes.
To enhance security and prevent vulnerabilities, The Beast operates its own nodes for major blockchains like Bitcoin, Ethereum, Tron, and Polygon. By maintaining full control over these nodes, we minimize reliance on third-party infrastructure, reducing the risk of attacks or manipulation. This approach ensures the safety and integrity of your crypto assets within The Beast ecosystem.
The Beast's commitment to security is validated by a comprehensive suite of ISO/IEC certifications. These include:
- ISO/IEC 27001:2022 (Information Security Management)
- ISO/IEC 27017:2015 (Cloud Security)
- ISO/IEC 27018:2019 (Privacy Protection in Cloud Computing)
- ISO/IEC 27701:2019 (Privacy Information Management)
- ISO 22301:2019 (Business Continuity Management)
- ISO 20000-1:2018 (IT Service Management)
- ISO 9001:2015 (Quality Management)
We also comply with the Cloud Security Alliance (CSA) STAR CCM v4.0 standard, further demonstrating our dedication to safeguarding your crypto assets.
The Beast Wallet is more than just a crypto wallet; it's your gateway to the world of decentralized finance, offering secure storage and a range of additional features that non-custodial wallets cannot provide.
Unlike non-custodial wallets where you have full control over your keys and assets, The Beast Wallet manages your cryptocurrencies for you. We store your keys in secure vaults, guaranteeing access to your funds.
- Instant transfers without commission: Transfer cryptocurrency to other Beast Wallet users without commission and delays.
- Donation collection: Create convenient public links for collecting cryptocurrency donations.
- Access recovery: Don't worry about data loss! We will help you restore access to your wallet.
- Pay fees in the same currency: Pay network transaction fees in the same cryptocurrency you are transferring, without the need to purchase additional tokens.
During the operation of a custodial wallet, user funds may move between cold and hot wallets to ensure smooth functioning of all features, such as instant transfers and donation collection. This movement of funds is managed securely and efficiently.
In addition, funds may be transferred and converted between different cryptocurrency networks (such as Ethereum, Tron, etc.) to optimize liquidity and provide users with the best possible experience.
Here are some additional details about how funds are moved in a custodial wallet:
- Cold wallets: These are offline storage solutions that are used to store the majority of user funds. They are highly secure but can be slow to access.
- Hot wallets: These are online storage solutions that are used to facilitate quick transactions. Beast Wallet utilizes multiple hot wallets for each cryptocurrency network to expedite the processing of all transactions.
- Fund transfers: When a user initiates a transaction, the funds may be moved from a cold wallet to a hot wallet to facilitate the transfer.
- Fund conversions: When a user converts between different cryptocurrencies, the funds may be transferred between different networks.
The Beast Wallet employs a secure and efficient system for moving funds between cold and hot wallets and different cryptocurrency networks. This system is designed to ensure the safety of user funds while providing a smooth and convenient user experience.
