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Since the collapse of FTX, and the fallout for other major industry players like BlockFi, Gemini, the necessity to take precautions when entrusting your crypto to any wallet or exchange is becoming increasingly clear.
At the same time though, it is getting harder to know how to distinguish between corrupt or incompetent services providers and trustworthy crypto custodians, particularly at a time when proof-of-reserve auditors are temporarily pausing their crypto market activities, a move that has impacted big names like Crypto.com and Binance.
Summary
Before You Start, Do Your Homework
There are a few strong signs that you are dealing with a transparent reliable crypto platform, and it is critical that you take the time to do your homework and check for some basic security indicators.
Firstly, is the company licensed with the right authorizations in their local jurisdictions, and does it comply with risk management regulations including AML, and KYC requirements? Is there oversight? What public records can be accessed? Are company and client accounts held separately and with reserves to cover all platform-held funds? Has the company had a history of breaches and lax security, and are they levered?
If you don’t see the answers to these questions on the website or elsewhere online feel free to ask them directly about the precise measures in place to ensure client security before handing over any funds. Also, check crypto news sites, social media channels like Twitter, Telegram, and Reddit as well as review websites like Trustpilot.com that can give you honest opinions from experts as well as current and former clients.
The Service Provider Setting Standards
Recently one crypto service provider, ArbiSmart (RBIS) was singled out by the German crypto analysts, Kryptomonitor, as reliable custodian of client funds that had the power to “restore investor confidence”.
ArbiSmart is an EU registered and authorized project, established in 2019. The interest-generating wallet and financial services ecosystem enables users to buy, exchange, and store both FIAT and cryptocurrencies. Unaffiliated with any other crypto service providers and completely unlevered, ArbiSmart is licensed, regularly audited, and has a clean security record. As one trustpilot reviewer recently put it
“Nothing more to say than… great job.”
The ArbiSmart wallet is not only highly secure and transparent, but also offers exceptionally generous interest rates, of over 140% a year, which exceed those offered by any legitimate competitor in the industry. Profits are paid out daily with the exact amount being earned depending on your account level.
Your account level is based on how much RBIS, the native token, you hold. You will earn a basic level of interest on your capital even if you own no RBIS, but the more you own, the higher your account status and the more interest you earn on balances in Bitcoin, USD or in any of the wallet’s other supported currencies. A couple other factors will also impact your profit potential, including the length of time that your capital is locked in a savings balance, and the currency of the savings balance. If the balance is in RBIS, the interest rate will be higher.
These incentives are driving demand for the native token, which is required for use of all services in the ArbiSmart ecosystem. Also, in Q1 of 2023 a number of new RBIS utilities will be introduced, including a DeFi yield farming service, an NFT marketplace, and a crypto exchange, which should further strengthen the native token. Substantial capital gains are anticipated in the coming months for RBIS owners, with the latest analyst reports projecting a rise from the current price of under 50 cents USD to $2.8 by the end of the 2022-2023 financial year.
Crypto Security in 3 Easy Steps
So how can you ensure the safety of your crypto? Open an ArbiSmart wallet and store your funds with peace of mind, while earning an unparalleled profit.
- Sign Up
If you wish to open an ArbiSmart wallet, simply register and provide KYC documentation in accordance with EU regulatory requirements. If you wish to earn a higher interest rate on your stored capital, you can purchase RBIS in a couple of clicks through the RBIS Management page in the dashboard.
- Deposit Funds
Click through to the Deposit page and deposit capital in either FIAT or crypto, picking from a huge selection of supported cryptocurrencies, like BTC, ETH, DOGE, XRP, and SHIB as well as FIAT favorites like USD, GBP and EUR.
- Tailor a Plan
Now, go to the Earn Interest page to choose the currency, time period, method for receiving daily interest, and the deposit amount for your savings plan. Finally click CONFIRM and you are ready to start earning right from day one.
Sign up with ArbiSmart within 72 hours of this post going live to get 30% more on long-term savings plans in a range of supported currencies. Here’s how it works. Let’s say you choose to lock 0.5 BTC in a savings plan. Your balance will be increased to 0.65 BTC and you will earn interest on the larger sum. Following registration, the promotion offer will immediately become available, appearing on the dashboard. Don’t lose out, open a wallet today!
*This article has been paid for. Cryptonomist did not write the article or test the platform.
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