How elegro Wallet Keeps your Funds Safe

ELEGRO Ecosystem / January 25, 2019 / Comments: 0
24.01.2019 post

elegro wallet team cares a lot about customer data (and money) safety. With this in mind, we’ve created a comprehensive solution with a set of tools that carefully protect our customers’ “precious.” Let’s take a closer look at them, shall we?

BioID solutions of elegro wallet

elegro’s face recognition and fingerprint identification solutions are powerful anti-spoofing mechanisms preventing payment fraud and identity theft. Firstly, to login to the elegro Wallet or verify a transaction, you need to be a real person. Someone else’s biometric data won’t work.


2-Step Verification of elegro wallet

With 2-Step Verification, you add an extra layer of security to your wallet account. After you set it up, you’ll sign in to elegro Wallet in two steps using:

  • Data you know (your password);
  • Data you get (like a secure phone/email key).

elegro offers a great variety of verification step options. Also, if you don’t want to use email verification, you can choose between getting phone notifications or using the Google Authenticator app.

Blockchain technologies

Firstly, blockchain technologies underlying elegro solutions hugely reduce the opportunities for cybercrime and frauds. The reason is, they have no single control point. Moreover, blockchain’s digital signatures, time-stamping and encryption facilitate a secure means of your funds management/storage.

SSL endpoints for transactions

To make transactions even more protected, the elegro ecosystem relies on the Secure Sockets Layer (SSL) cryptographic protocols. The protocols provide secure communication channels between two computers or other gadgets running in a single network. As a result, elegro wallet implements the following data security principles:

  • encryption;
  • authentication;
  • data integrity.

In conclusion, our knowledgeable experts work hard to deliver the best user experience for our customers (that’s you) and other folks trying to keep up with the latest security trends. Rest assured, with elegro, your funds are 100% safe and secure.

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