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Crypto Exchange List: Ranked by Cyber Security Score

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Below is the list of crypto exchanges based on their cyber risk score based on cer.live ranking. Cer.live Cyber Security Score is a security grade for a crypto exchange or a company's tech setup. It shows exchanges' networks and systems safety from online threats, like hacking or data leaks, and helps clients to know how open the exchanges might be to cyber-attacks or unauthorized access.


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Exchange Volume Coin Fees Cyber Security Score Established

Additional FAQ

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

The key differences between Proof of Reserves and Exchange Balance are as follows:

  • Data source: Proof of Reserves uses a static data set publicly disclosed by the exchange. Exchange Balance uses a dynamic set of data acquired from various sources, including public data, clustering algorithms, and exchange-specific heuristics.
  • Comprehensiveness: Exchange Balance is more comprehensive than Proof of Reserves, as it includes a wider range of addresses. Proof of Reserves only includes the addresses specifically disclosed by the exchange.
  • Transparency: Proof of Reserves is more transparent than Exchange Balance, as it is based on publicly disclosed data. Exchange Balance is less transparent, as it relies on various data sources, some of which may not be publicly available.

Continue Reading at Proof of Reserves: Why is It Crucial after the FTX Fallout?

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

Here are some pros of Binance exchange that you need to know:

  • Low fees – Binance only charges 0.1% for both buyers and sellers, whereas most significant sales would charge at least 0.2%. The cost for futures trading is even lower, starting only at 0.02%.
  • Various payment methods – Generally, Binance accepts payments via VISA, Mastercard, wire transfers, ACH transfers, and SEPA transfers. Aside from that, the P2P exchange allows users to swap cryptos with third parties.
  • Easy signup process – You can make a Binance account with only several steps.
  • Free deposits – Binance doesn't charge users for making deposits.
  • Speedy execution – Binance technology can process up to 1.4 million orders per second.
  • Over 600 cryptocurrencies available – Binance offers both big and small cryptocurrencies. This also includes stablecoins, mining tokens, and utility tokens.
  • Has a native coin – Binance has a native token called Binance Coin (BNB) that operates within the Binance network and provides unique benefits such as lesser fees on spot trading activities.
  • Reputable exchange – Binance has a large trading volume and client base.
  • Plenty of educational materials – Binance is a beginner-friendly platform that provides many educational content articles, webinars, tutorials, etc.
  • Potential to get passive income – Binance users can earn passive income through several methods, such as staking, liquidity farming, crypto lending, etc.
  • High liquidity – Binance has millions of active users worldwide, making the liquidity high and favorable for traders.
  • VIP Level System – Binance has a system that allows traders to get fee discounts. The levels are determined from trading volumes in 30 days.
  • Responsive customer service – Users can enjoy the 24/7 live chat accessible across desktop and mobile platforms. Users can also provide feedback through the "Give Us Feedback" option.

Continue Reading at Binance Review: Safety, Pros, and Cons

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