Is Koinpark safe?

Koinpark, a cryptocurrency exchange platform, has been assigned a security rating of DDD, reflecting a relatively low level of security in the eyes of the rating agency. This rating is based on a comprehensive evaluation of the exchange's security measures and protocols.

Another concerning aspect of Koinpark's security posture is the lack of an ongoing bug bounty program. A bug bounty program incentivizes independent security researchers to discover and responsibly disclose vulnerabilities in exchange platforms. Such programs can help to identify and mitigate potential security threats before they are exploited by malicious actors.

The security score assigned to Koinpark is 37%, which further emphasizes the need for improvement in its security posture. A lower score suggests that the exchange may be vulnerable to potential security threats and attacks.

One significant concern with Koinpark is that it is currently uncertified. This means that the exchange has not undergone any form of independent assessment or certification to validate its security practices and procedures.

Furthermore, Koinpark has not conducted an approved penetration test. A penetration test is a type of security assessment that involves simulating real-world attacks on a system to identify vulnerabilities and weaknesses. Without such a test, it is difficult to gauge the resilience of Koinpark's systems against potential attacks.