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
|
$12,685,200,769
|
|
0.1% 0.075% option for BNB holder
0.1% 0.075% option for BNB holder
|
2017
|
|
|
|
9.71
|
$1,557,028,284
|
|
|
2012
|
|
|
|
9.49
|
$2,550,798,524
|
|
0.10%
0.10%
|
2018
|
|
|
|
9.38
|
$1,676,351,577
|
|
|
2013
|
|
|
|
9.25
|
$1,907,047,228
|
|
0.20%
0.20%
|
|
|
|
|
9.25
|
$2,019,370,271
|
|
0.20%
0.20%
|
|
|
|
|
8.83
|
$987,834,725
|
|
|
2018
|
|
|
|
8.65
|
$780,492,829
|
|
0.2% Transaction fees. (excluding the assets re...
0.2% Transaction fees. (excluding the assets received)
|
2018
|
|
|
|
8.64
|
$643,075,019
|
|
0.1%
0.1%
|
2017
|
|
|
|
8.49
|
$11,956,807,935
|
|
|
2018
|
|
|
|
8.45
|
$879,753,928
|
|
|
2019
|
|
|
|
8.41
|
$6,129,341,209
|
|
|
|
|
|
|
8.36
|
$1,635,696,035
|
|
|
2018
|
|
|
|
8.19
|
$8,874,289,414
|
|
|
2021
|
|
|
|
8.19
|
$704,221,089
|
|
0.2%
0.2%
|
2018
|
|
|
|
8.18
|
$2,189,395,985
|
|
|
2017
|
|
|
|
8.17
|
$696,405,391
|
|
|
2021
|
|
|
|
8.15
|
$8,064,333,024
|
|
|
1996
|
|
|
|
8.14
|
$4,956,983,077
|
|
|
|
|
|
|
8.14
|
$1,016,385,304
|
|
|
2019
|
What centralized exchanges provide crypto derivatives trading?
These are several centralized exchanges that provide crypto derivative trading services:
- Bybit. As one of the largest derivatives exchanges in the crypto market, Bybit's daily volume frequently reaches over $10 billion. So, liquidity is no longer an issue in this exchange.
- Crypto.com. It's safe to say that crypto.com has the best URL on the market right now and has one of the most diverse products in the crypto industry. These include crypto-based credit cards, collateralized loans, and a spot and derivatives exchange.
Continue Reading at The Complete Guide to Crypto Derivatives
Security refers to the ability of a blockchain network to protect against malicious actors and ensure the integrity of transactions. This includes protecting against hacking, fraud, and other malicious activities. To achieve high levels of security, blockchain networks often use advanced encryption methods, such as public-key cryptography, to protect the integrity of transactions.
Continue Reading at What is Blockchain Trilemma?
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
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