When you buy bitcoins through MogoCrypto, Mogo and our partners take reasonable steps to keep your coins safe by storing the majority of them offline, also known as “cold storage”. Think of it as the digital equivalent of putting cash in a vault. We store at least 95% of our crypto assets in cold storage and couple this with industry-leading security measures to ensure your bitcoins are kept as safe as reasonably possible.
As any responsible platform would say, however—use at your own risk and there are no guarantees that your bitcoins will be safe. For example, in 2014, Mt. Gox, a crypto exchange, collapsed after hackers apparently stole nearly $500 million in Bitcoin. In 2017, hackers apparently stole $72 million in Bitcoin from Bitfinex, another crypto exchange.
For full details on how we keep your bitcoins safe, please read our Terms & Conditions.
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