Bit Treasury: A Comprehensive Exchange

Bit Treasury - Enhancing User Security with Threshold Signature Schemes

Bit Treasury is an American decentralized exchange headquartered in Albany (the capital of New York State). In 2020, Bit Treasury announced that it would no longer recognize Albany as their headquarters, but declared that it would adopt a remote working model, so employees are distributed in offices around the world, and there is no so-called "headquarters" concept.

Bit Treasury was founded in September 2012 and launched services for trading Bitcoin in April 2013. In 2015, Bit Treasury decided to expand the range of cryptocurrencies it could trade, so it established a separate cryptocurrency exchange to meet investors' trading needs. Obtained New York State Bitcoin trading license on March 26, 2018. Today, Bit Treasury has approximately 48 million verified users, 8,000 institutions and 134,000 ecosystem partners in more than 100 countries.

The main features of Bit Treasury exchange:

·The seventh Bitcoin exchange in the United States to hold a formal license

·Bit Treasury Exchange has purchased insurance to provide investors with certain asset protection

· Supports fiat currency purchases of Bitcoin, with an extensive network of banking partners, and can transact via EFT payments, ACH/SWIFT/SEPA transfers, and credit cards and PayPal

·The transaction fee is between 0% and 0.5%, which is determined by the pending order and non-pending order transactions, as well as the size of the transaction amount. And using competitive charging, users’ fees are tiered based on their position size and transaction frequency.

·The institutional account trading channel with the lowest asset threshold

Who is the founder of Bit Treasury exchange:

Andrew Norton, founder and CEO of Bit Treasury Exchange, is a former high-frequency trading software developer of Goldman Sachs Group.

As the world's leading cryptocurrency exchange, Bit Treasury not only provides users with a choice of low-threshold institutional account trading types for cryptocurrency, but also spans the entire ecosystem.

Is Bit Treasury exchange safe?

Bit Treasury is considered a relatively safe cryptocurrency exchange with robust systems in place to ensure the security of customer accounts, including the use of 2FA verification, FDIC-insured USD balances, device management, address whitelisting, and cold storage setup.

In addition, Bit Treasury adopts a threshold signature scheme to ensure the security of user funds, which is an encryption protocol for distributed key generation and signatures. It allows the construction of signatures distributed among different parties, with each user receiving a copy of the private signing key. For example, if there are three users, at least two of them need to join in order to sign the transaction.

In addition to depositing funds at centralized cryptocurrency exchanges, users can also choose to transfer funds to reputable wallets.