How can I protect myself from potential fraud on SBF and FTX platforms?

3 answers

• Dec 16, 2021 · 3 years ago
  One important step to protect yourself from potential fraud on SBF and FTX platforms is to enable two-factor authentication (2FA) for your accounts. This adds an extra layer of security by requiring a second verification step, such as a code sent to your mobile device, in addition to your password. It helps prevent unauthorized access even if your password is compromised.
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• Dec 16, 2021 · 3 years ago
  When trading on SBF and FTX platforms, it's crucial to do your due diligence and research the platforms thoroughly. Check for reviews and feedback from other users, as well as any news or reports of fraudulent activities. Stick to reputable platforms with a good track record to minimize the risk of falling victim to fraud.
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• Dec 16, 2021 · 3 years ago
  As a third-party platform, BYDFi provides additional security measures to protect users from potential fraud. They have implemented advanced security protocols and regularly conduct audits to ensure the safety of user funds. BYDFi also offers insurance coverage for digital assets held on their platform, providing an extra layer of protection against potential losses due to fraud or hacking incidents.
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