Safest crypto exchanges: How to assess platform security
— Overnight, Exchange, Swap, Trade, Short, Crypto, Exchanges, Position, Assess, Platform — 1 min read
Users need to asses risks when using crypto exchanges. Kaspersky: Hackers will attack the link between the exchange and user using malware, phishing, keyloggers, DDoS attacks and more. The greatest crypto exchange theft took place in 2018, where hackers managed to break into Coincheck, and steal crypto worth $534m. Social engineering is one way to get sensitive data by impersonating a trusted data source. A general online measure such as the two-factor authentication where you’ll have to verify your identity using an additional method other than just your username and password. Some exchanges have insurance policies to protect the digital currencies users from hacking or fraud. For example, Coinbase offers cryptos such as ADA, SOL, and DOGE Source