NBX uses multiple security measures to protect both your crypto and fiat funds.
How are crypto assets stored?
Customer crypto assets are securely stored using industry-leading infrastructure.
- Assets are primarily held in cold storage (offline)
- A smaller portion is held in hot wallets to enable withdrawals and daily operations
- NBX uses Fireblocks for secure custody and transaction management
This setup reduces risk while ensuring efficient access when needed.
How are fiat funds protected?
All fiat funds on NBX are held in separate client accounts.
This means:
- Customer funds are kept separate from NBX’s own funds
- Funds are protected from being part of a potential bankruptcy estate
- Deposits are covered by the bank’s deposit guarantee scheme (up to 2,000,000 NOK per customer)
NBX uses Sparebanken Norge for client accounts.
Does this apply to both individuals and companies?
The deposit guarantee scheme typically applies to individual customers.
Corporate accounts may have different coverage depending on the applicable banking regulations.
However, all customer funds—both individual and corporate—are held in segregated client accounts, ensuring they are kept separate from NBX’s own funds.
Additional security measures
NBX also uses:
- Two-factor authentication (2FA)
- Strict access controls
- Continuous monitoring and security procedures
Important
- NBX will never ask for your password or 2FA codes
- Always keep your account credentials secure
- Contact support if you notice any suspicious activity