Trade with confidence. XBIT Protect is an emergency insurance fund established to protect our users in extreme cases.
XBIT Protect acts as an emergency reserve fund. We allocate 10% of all trading fees directly into this fund to ensure we can protect our users against severe security breaches or external anomalies.
The XBIT Protect fund is held in transparent, verifiable public wallet addresses across multiple major blockchains including Bitcoin, Ethereum, and stablecoins to maintain liquidity.
Understanding the scope of our insurance fund.
| Incident Type | Description | Covered |
|---|---|---|
| Platform Breach | Unauthorized access to XBIT's hot wallets or infrastructure resulting in direct loss of user funds. | |
| Smart Contract Failure | Exploits or failures in XBIT's proprietary smart contracts on our DEX or Earn protocols. | |
| Individual Phishing | Users sharing their credentials, passwords, or 2FA codes with malicious third-party actors. | |
| Third-Party Protocol Risk | Loss of funds due to hacks or failures of external DeFi protocols featured on On-chain Earn. |