Cryptocurrency Exchanges With Highest Cybersecurity Score Rating
Cryptocurrency exchanges are the most preferred form of exchange in cases of ransomware attacks and other cybercrimes. Hackers tipically look for system security bugs to breach cryptocurrency trading platforms and steal funds. Here is a list of the best Crypto Exchanges sorted by their cyberscurity scores.
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| Exchange | Cyber Security Score | Volume | Coin | Fees | Established | |
|---|---|---|---|---|---|---|
|
|
9.82
|
$12,998,723,688
|
|
0.1% 0.075% option for BNB holder
0.1% 0.075% option for BNB holder
|
2017
|
|
|
|
9.71
|
$1,483,186,216
|
|
|
2012
|
|
|
|
9.49
|
$2,914,330,785
|
|
0.10%
0.10%
|
2018
|
|
|
|
9.38
|
$1,794,345,335
|
|
|
2013
|
|
|
|
9.25
|
$2,177,651,894
|
|
0.20%
0.20%
|
|
|
|
|
9.25
|
$2,265,257,214
|
|
0.20%
0.20%
|
|
|
|
|
8.83
|
$976,712,916
|
|
|
2018
|
|
|
|
8.65
|
$743,037,806
|
|
0.2% Transaction fees. (excluding the assets re...
0.2% Transaction fees. (excluding the assets received)
|
2018
|
|
|
|
8.49
|
$13,534,157,834
|
|
|
2018
|
|
|
|
8.45
|
$723,567,180
|
|
|
2019
|
|
|
|
8.41
|
$4,800,915,259
|
|
|
|
|
|
|
8.36
|
$1,850,137,198
|
|
|
2018
|
|
|
|
8.28
|
$679,520,733
|
|
|
2014
|
|
|
|
8.19
|
$871,623,964
|
|
0.2%
0.2%
|
2018
|
|
|
|
8.18
|
$2,040,450,540
|
|
|
2017
|
|
|
|
8.17
|
$759,814,058
|
|
|
2021
|
|
|
|
8.15
|
$886,887,206
|
|
|
2017
|
|
|
|
8.15
|
$10,836,745,505
|
|
|
1996
|
|
|
|
8.14
|
$4,735,663,003
|
|
|
|
|
|
|
8.14
|
$1,179,157,932
|
|
|
2019
|
Is It okay to store money in a crypto exchange?
Since 2011, about $1.65 billion worth of crypto assets have been stolen from exchanges, and the numbers are only getting bigger each year. Each exchange can hold billions of dollars worth of crypto assets, so unsurprisingly, hackers like to target crypto exchanges, especially the ones with low-security measures. As a result, exchanges are highly prone to sophisticated hack attacks.
Apart from hacks, other troubles may arise from within the exchange itself. Any exchange can make mistakes, miscalculate, or mismanage their funds. All these can cause users to lose money they store on the platform.
Continue Reading at Don't Leave Your Money in Crypto Exchanges, Here's Why
How to identify a secure crypto exchange?
When it comes to security, there are several things that you could focus on, such as:
- HTTPS: Every secure exchange must have a valid HTTPS certificate This shows that the site is safe, and they won't be able to collect or change your data without your permission.
- Two-Factor Authentication (2FA): Most exchanges offer a variety of 2FA methods, such as software, SMS, and hardware devices. The most common option is to use Google Authenticator.
- Strong Password: You might be asked to fulfill certain criteria, such as a mix of regular and capital letters, numbers, symbols, etc.
- Funds Insurance: This is certainly a great safety net for traders, but please note that such policies do not protect individual accounts and only apply to the exchange as a whole.
- Cold Storage: Funds that are stored in cold storage are much more difficult to steal compared to those that are kept in a hot wallet.
- Ability to Whitelist IP and withdrawal Addresses: This enables blocking suspicious logins from other locations.
- Extra measures: Exchanges can offer many other security measures, such as multi-signatures, suspicious behavior notifications, phishing protection, and more.
Continue Reading at Don't Leave Your Money in Crypto Exchanges, Here's Why
What are the considerations for choosing a Crypto Exchange for stablecoins?
Generally, you can choose by using the following methods:
- Pick an exchange that offers the stablecoin you want. This is the option you should take if you already have a preference for which stablecoin you'd like to buy.
- If you're already registered in a crypto exchange and you're okay with whichever stablecoin they provide, you can simply take a look at the list of stablecoins and research them. It is worth noting that some of the large crypto exchanges even have stablecoins that you could use, such as USD Coin by Coinbase, the Gemini Dollar by Gemini, and Binance USD by Binance.
Continue Reading at How to Avoid Stablecoin Risks
What are the risks of credit card transactions on crypto exchanges?
We have mentioned that not all crypto exchanges are safe for credit card transactions. Some may look to exploit their users and run away with their money. Not to mention that your credit card information is also at risk.
While credit cards typically have strong fraud protection compared to other card types, every cardholder must still be aware and able to spot scams. Even at a trusted exchange like Binance, users must complete their due diligence before making any transactions with credit cards.
Continue Reading at The Complete Guide to Buy Crypto with Credit Cards on Binance
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