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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

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

Know Your Customer (KYC) identifies customers before any transactions are made. This procedure is standard in various companies, including crypto exchanges and other crypto-related financial institutions. It's the foundation of the global AML/CFT compliance regulations and is used to prevent criminals from evading the AML/CFT controls.

By having a good understanding of their customers, exchanges are more likely to be able to detect customers who are misusing their service and prevent criminal activities from taking place.

 

Continue Reading at How to Do KYC the Right Way in Gate.io

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?