Security

Local Token Exchange is developed by Senior coders and cryptocurrency experts to industry standard Best Practice and utilises a custom-embedded StreamDB database with error-checking and multiple volumes. We run our software across multiple Tier 3 data centers on dedicated hardware with biometric access control.

Our platform has been vetted by multiple third-party security audit firms and penetration test consultants. The Local Token Exchange and Wallet Environment is built on the same technology used by CME and Scotiabank and conforms to the CryptoCurrency Security Standard (CCSS).

Screened employees vetted by our management team will only have certain access to required information when regulating a trade. Internal service interactions use separate authentication contexts and are never exposed to the internet.

We encrypt all sensitive user information in real time, both in transit and at rest. Messaging and banking information are subject to Transport Layer Security encryption and after a transaction is completed we have no access to any communication between traders.

To protect customer accounts from unauthorised by third parties Local Token Exchange implements several forms of two-factor authentication (2FA). Our global setting protections prevent unauthorized account activity including unusual withdrawal requests. We use rate-limiting, concurrent connection limits, and active whitelists and blacklists to counter Denial of Service (DoS) and Distributed Denial of Service (DDoS) attacks . All website data is transmitted via encrypted Secure Socket Layer (SSL) and Transport Layer Security (TLS) connections and protocols.

Cold wallet storage protocol is used with all outgoing transactions which utilizes a smart contract on the place and limits the size of transactions.

In addition, no emails will be sent by Local Token Exchange without client consent and we will not provide customer data to third parties.

Our team of legal advisors will ensure that we stay compliant with all relevant regulations. We do not accept fiat currency transfers directly or have any possession of the fiat currency portion of any transaction therefore we are not considered to be a financial intermediary under current regulations.