what stands between your balance and everyone else

Customer assets are held separately from company funds, and about 92% of customer crypto sits in offline cold storage, a multi-party computation setup with five key shares in four cities where any three are needed to sign [1]. The remaining 8% is in hot wallets sized to cover roughly two days of card spending and withdrawals [1]. An independent accounting firm checks that balances are fully backed and publishes an attestation monthly [1]. Accounts are protected by passkeys, optional passwords with a second factor, in-app approval of extra payment verification within five minutes, a 24-hour lock on newly added withdrawal addresses, device binding that requires a video selfie check to move phones, and optional location matching that can decline in-person payments made from a different country [2][4][5][6][7][8].

Sources

• [1][2][4][5][6][7][8] What stands between your balance and everyone else.

Answered from the Velorin Pay knowledge base.

Follow-up questions

• What stands between your balance and everyone else. — Custody
• What stands between your balance and everyone else. — Your account
• What stands between your balance and everyone else. — Reporting a vulnerability

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