Is COCA Safe?

Yes. COCA is designed to be as secure as cash in your pocket.

At COCA, we believe that your money should always stay under your control – just like physical cash. That principle guides how COCA is built, how payments work, and how your wallet is secured.

Your money is always yours

COCA uses a non-custodial wallet setup. This means:

• Your funds live in your wallet

• COCA does not hold your money

• No third party can access your balance

Even though COCA looks and feels like a familiar banking app, it works differently behind the scenes: you remain the owner of your funds at all times.

What “non-custodial” or “self-banking” means?

Non-custodial means that COCA:

• Cannot move your money on its own

• Cannot see or control your full balance

• Cannot freeze or take custody of your funds

You approve what happens with your money, just like handing over cash when you make a payment.

Secure wallet infrastructure

To support this experience, COCA uses Privy as part of its wallet and authentication infrastructure.

Privy, is a wallet provider built for production security. Privy performs regular third-party security audits across infrastructure and cryptography, and documents multiple independent audits by firms including Cure53, Zellic, and Doyensec, alongside a bug bounty program. Privy also states it is SOC 2 Type I and Type II certified. 

Where is my seed phrase with Privy?

When using COCA with Privy, you don’t see or manage a traditional seed phrase.

This is intentional and designed for Web2-style usability.

How it works?

• Your wallet does have cryptographic keys (like any other blockchain solution)

• Those keys are not shown as a seed phrase

• You are not asked to write down or store a recovery phrase

Instead, Privy uses a secure, non-custodial key management system that lets you access your wallet through familiar methods like email, social login, or device-based authentication.

You still own the wallet and the funds, but you don’t have to handle a seed phrase manually.

Does this mean Privy controls my wallet?

No.

• Privy does not have custody of your funds

• COCA cannot move your money

• Wallet actions still require your authorisation

Privy’s role is to securely help create, store, and use your wallet keys in a distributed way without exposing them to you, to COCA or Privy itself.

Can I export my private keys?

Yes. You can export your private keys when using COCA. Right now, the export procedure is irreversible, and you will no longer be able to use this private key and wallet in COCA. 

Summary

• COCA is non-custodial – you own your wallet and funds

• Your money stays with you, not with COCA or Privy

• Payments require explicit approval for each transaction

• The system is designed to feel simple while remaining secure

Our goal is to give you the ease of a modern banking app – with the control and safety of cash.