We take privacy and data protection very seriously. Our privacy policy outlines how we collect, use, and protect customer information. Please refer to it for detailed information.
Secure Password Handling: When you create an account with us, your password’s security is immediately prioritized. Utilizing advanced encryption techniques, we convert your password into a unique hash through a one-way hashing algorithm. This process is designed to be irreversible, making it impossible to revert the hash back to its original password form. Additionally, we incorporate a unique salt for each password, enhancing security by ensuring that identical passwords result in different hashes. This level of encryption means that not even Coinsteam’s administrators can access or view your password.
Should you need to reset your password, we facilitate a secure reset process, as direct retrieval of the original password is not possible, maintaining the security and privacy of your login details.
Credit Card Information and Tokenization: For processing payments, Coinsteam partners with Stripe, renowned for its strict security protocols. We ensure that your credit card numbers are never stored on our servers. Your payment information is securely transmitted to Stripe via an encrypted connection, where tokenization takes place. This process replaces sensitive credit card details with a unique digital identifier, or “token,” used for transaction processing without exposing your actual credit card information. This approach reduces the risk of fraud and data breaches.
Enhanced Security Measures:
- Two-Factor Authentication (2FA): Coinsteam offers two-factor authentication, adding an extra layer of security to your account. This feature requires a second form of verification in addition to your password, significantly reducing the risk of unauthorized access.
- Google Account Login: For your convenience and enhanced security, Coinsteam also supports logging in with a Google account. This option allows for a seamless and secure sign-in process, leveraging Google’s robust security measures.
Compliance and Commitment: We adhere to the Payment Card Industry Data Security Standard (PCI-DSS) and align with privacy regulations to ensure your information is protected according to the highest standards. Our security practices are continuously reviewed and updated to guard against emerging threats.