🔐Measures to ensure the security of user data and funds
A very important point for ONE is the security of the customers' deposits. For legal reasons, it is neither permitted nor possible for us to access the customers' funds.
We work with regulated and licensed partners in every area to keep the security of your deposits as high as possible. The risk of the EMI in the background becoming illiquid is covered by the deposit insurance, just like any other financial institution that is allowed to offer IBAN accounts.
Store your cryptocurrencies in the safe (where you earn interest) with a partner who has many years of experience, has survived every storm so far, and even insures a portion of the deposits. Of course, there is a risk that one of our partners in the cryptocurrency field will become insolvent. However, we minimize this risk by relying on regulated and licensed partners. In doing so, we offer the highest possible security for our customers.
The funds stored in the cold wallet (secured with the hardware wallet) are solely under your control. If you lose access, you also lose your assets. Since we have no access to your wallet, we cannot recover any of your wallets. This is the principle of cryptocurrencies. By securing it with the hardware wallet (in the format of a credit card), it is ensured that you have access to your assets as long as you still possess one of the three cards.
The collected user data, transaction data, and any other data available to ONE are encrypted and stored on servers in Europe. The use of your data, for example for AI services, requires your explicit consent. In addition, all AI offerings are separated from your user data, therefore no assignment of your user data to the data evaluated by the AI is possible.
All points regarding data collection and data security are detailed extensively in our privacy policy.
Last updated