We’ve created this security checklist to help you ensure you use our software responsibly — and with maximum confidence about your security while trading using the Proteryx.
Proteryx is a non-custodial software. You can use your Proteryx account to trigger and orchestrate actions on your connected exchange accounts. But, you cannot withdraw funds either directly from Proteryx or via Proteryx.
Proteryx connects to your exchange accounts using API keys. We offer three important pillars of security around API connections. Depending on the exchange, you can access some or all of these when you trade with us:
Sign Center is a secure API key storage isolated at both infrastructure and access levels to ensure the security of our systems. When Proteryx makes a trade request with an exchange, Proteryx servers ask the Sign Center to sign the transaction. This protocol is similar to how Metamask or Ledger signs a transaction.
When you create an API key with your exchange, you can specify an IP whitelist. The IP whitelist can be used to restrict the API key to certain IP addresses. You can use this tool to specifically authorize official Proteryx IP addresses — and block any others. Your created API key can’t be added to any other account on Proteryx — which means they cannot be used to initiate trades with your exchange account if the request doesn’t come from your Proteryx account.
Exchanges that are focusing on better serving traders are beginning to offer Fast Connect. Fast Connect can help users quickly authorize specific account permissions, create API keys, and automatically connect to third-party API link platforms.
Fast Connect allows you to log in to your exchange account via the quick connect function on Proteryx software. It can automatically generate API keys and bind to our software, so you can start using Proteryx’ services without manually creating API keys.
Our system tells your exchange account to start and close deals. It has zero access to withdraw or transfer fiat or cryptocurrencies. Your login information for your exchange is never revealed to our system. No backdoor or cache can be exploited because the API deliberately does not have the functionality to request any of your personal information from the exchange.
On top of using the three key secure connection protocols explained above, Proteryx secures user data with tools from security services provider Cloudflare, including:
In case you want to stop using a specific exchange account with Proteryx and select another one, there’s a few things you need to be aware of and to check:
Important: Please remember to log in to your exchange’s website and delete the API key, otherwise it will remain active and could become a security risk.
*Fast Connect is a subject to development roadmap of partner exchanges
We take software and data security very seriously at Proteryx. Blockchain and cryptocurrency services are tempting targets for malicious attacks — which is why we operate under the assumption that malicious actors may be trying to compromise our software and the community it serves at all times.
The measures and protocols we explain on this page are testament to our continuously evolving efforts to those who might seek to exploit our customers — and give you the best possible security and protection.
Important: Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may grow into a fortune someday. Treat every penny with respect.
