Golden Block Services PTY LTD  Overview:

Golden Block Services PTY LTD is Chameleon Financea decentralised exchange based in Australia, with its registered headquarters in Adelaide, the capital of South Australia. In 2020, Golden Block adopted a remote working model, allowing employees to operate from offices all over the world, without a traditional concept of a "headquarters." 

Founded in September 2012, Golden Block launched its Bitcoin trading services in April 2013. In 2015, Golden Block decided to expand the range of tradable cryptocurrencies, establishing a separate cryptocurrency exchange to meet investors' trading needs.

Key Features of Golden Block Services PTY LTD:

· Golden Block Services PTY LTD has purchased insurance to provide a certain level of asset protection for investors.

· Supports fiat currency purchases of Bitcoin and has a wide network of banking partners, enabling transactions via EFT payments, ACH/SWIFT/SEPA transfers, as well as credit card and PayPal options.

· Trading fees range from 0% to 0.1%, determined by limit and market orders, as well as the size of the transaction. Competitive pricing is employed, with user fees structured in a tiered system based on their holdings and trading frequency.

· Institutional accounts have the lowest asset thresholds for trading access.

Is Golden Block Services PTY LTD Safe?

Golden Block Services PTY LTD is considered a relatively secure cryptocurrency exchange, equipped with robust systems to ensure the safety of customer accounts. This includes the use of 2FA verification, FDIC insurance for USD balances, device management, address whitelisting and cold storage measures.

Additionally, Golden Block Services PTY LTD employs a threshold signature scheme to guarantee the safety of user funds, which is a cryptographic protocol for distributed key generation and signing. This allows for the construction of signatures spread across different parties, with each user receiving a private signing key. For example, if there are three users, at least two must participate to sign a transaction.

In addition to depositing funds in centralised cryptocurrency exchanges, users can also opt to transfer their funds to reputable wallets.