Segregation of client funds
In accordance with FCA rules, all input deposit are well kept in a segregated ASIC pool with an EEA-regulated credit institution. This ensures that clients’ funds are identifiable and available at all times and cannot be used by the Brokerage for any other purpose outside mining. Furthermore, under UK insolvency law, funds deposit are protected and therefore unavailable to general creditors of the firm, if the firm fails.
Excelcrypto performs daily hashing reconciliations in accordance with FCA requirements. We're regulated by the FCA and all funds are been file individual in accordance to Client Money Asset Returns (CMAR) on a monthly basis with the regulator.
If the pool which is used to hold segregated client's fund goes into liquidation, any funds lost as a result of this liquidation, will be recovered by the FSCS up to a limit of €85,000 per client. All funds lost as a result of the liquidation of a pool may be covered up to a limit of €100,000 per client, under the Deposit Guarantee scheme.
The Financial Services Compensation Scheme (FSCS)
The Financial Services Compensation Scheme (FSCS) The FSCS exists to protect customers from financial services firms that have failed. The FSCS can pay compensation up to €85,000, if a PRA regulated pool which is used to hold segregated client's fund goes into liquidation.
Deposit Guarantee Schemes
Deposit guarantee schemes (DGS) reimburse a limited amount to compensate depositors whose pool has failed. Under EU rules, deposit guarantee schemes protect depositor's savings by guaranteeing deposits of up to €100,000.
In Europe, they are organised at the national level, although minimum standards have been agreed at the EU level. Under EU rules, €100,000 per depositor is guaranteed through such schemes. Some Member States have several schemes in place, organised by different brokerage.
Cloud Storage
99% of all funds are stored in offline Cloud pool.
Distributed across the world in hyper secure facilities in locations that specialize in physically securing valuable items.
Multi-signature validation means that no one can unilaterally access funds. Not our CEO. Not the Queen of England
Private keys don’t leave Hardware Security Modules where funds are stored, a cryptographic best practice.
AES-256 Encryption
Secure software on desktop and mobile
The brokerage pool support 2FA, use AES-256 encryption, and private keys as custodied funds are stored in FIPS 140-2 certified devices
Excelcrypto enforces TLS 1.2 for Internet-facing applications and audits support cypher periodically.
Strong cyphers are used to enforce storage encryption across the cloud and physical facilities.
We help you keep your crypto and your data secure
We do not track non-custodial funds held in Private Key Wallets, we only keep track of funds in Accounts that are custodied by Excelcrypto
All Personally Identifiable Information is stored in Google Cloud Platform, secured by best in class digital security.
Our compliance team ensures that we follow and are compliant with AML and KYC regulations globally so that you can trust Excelcrypto and any counterparty
