How do I evaluate the security of crypto exchanges before comparing?

1 answers

• Dec 18, 2021 · 3 years ago
  When it comes to evaluating the security of crypto exchanges, it's important to do your due diligence. Start by researching the exchange's background and history. Look for any past security incidents or breaches and how the exchange responded to them. Check if the exchange has implemented industry-standard security measures, such as two-factor authentication and cold storage for user funds. It's also crucial to consider the exchange's regulatory compliance and whether they have obtained the necessary licenses and registrations. Additionally, pay attention to the exchange's customer support and responsiveness to security concerns. By thoroughly evaluating these aspects, you can better assess the security of crypto exchanges before making any comparisons.
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