Number of your Bitcoins in your Payucoin wallet are stored offline
You must be amused to now that multiple Bitcoins in your Payucoin wallet are stored offline on a computer that has never and never will be connected to the internet. Therefore, this is main reason it is completely secure from any of the theft, loss and hacking. Many of the address-private key pairs are obtained encrypted by using AES-256 that has been sealed in envelopes and stored in multiple safe deposit lockers. The AES-256 keys are also stored in many of the safe deposit lockers at different locations. The reason- In the unlikely event of a security compromise at any one of the locations, your bitcoins that has been remain safe.
We are having robust server security that has been automatically chooses the next offline address once a max threshold is reached on a particular address. And so, if any of the addresses are compromised because of circumstances beyond our control, the rest of the address remain safe and secure.
You can easily activate and link your Google Authenticator to your Payucoin account.
By using Google authenticator you can add extra layer of security to your account. It is pretty much simple you need to visit "2 Factor Auth" link seen under Account > Settings menu after you have signed in. Furthermore, you need your mobile phone to generate a unique six digit code to login and spend the funds. The most interesting thing about Google authenticator it that it does not require any sort of internet or cellular connectivity. It works without Internet and Network coverage. Google authenticator is available for android, IOS devices and blackberry devices. For installing Google authenticator on your mobile visit: https://support.google.com/accounts/answer/1066447?hl=en.
When you sign in and enter your email id. And if you have two factor authentication then our server checks if you have it then it enabled and then displays an extra text box to key in your authentication code (generated by Google authenticator).
You need to configure your account to ask for a Google authentication code whenever you attempt to withdraw btc more than the set threshold/ 24 hours. Life if your account threshold is 5 BTC, you will not be able to send/withdraw more than 5 BTC with in the 24 hours even using multiple withdrawal attempts unless using the Google authenticator.
Payucoin customer must enable "2 Factor Authentication" for Payucoin account. Do not reveal the Google authenticator string. To enable 2 factor authentication in Payucoin - Go to security >> 2 factor Auth.
Make sure that you do not open your mail or other links while your Payucoin account is open as clicking on a malicious link might lead to browser compromise, which might in turn lead to the compromise of your Payucoin account. This may lead to the loss of your BTC. For preventing this use a different browser instead.
Make sure you always use HTTPS while accessing your Payucoin account (https://www.payucoin.com). This ensures the privacy and integrity of the exchanged data.
Create a complex password, you can use combinations of alphabets (Upper/Lower case), numericals, special characters and is at least 8 characters long.
We are providing Paper wallet to save your Bitcoin. Do not save your Bitcoin on computers, mobile phones or email/drives. For generating paper wallet go to Security >> Paper Wallet.
It is recommended that your personal email account and Primary Password used for accessing Payucoin account is not same.