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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

It is important to note that KYC procedures are not standardized everywhere. This means that some exchanges may require a complete set of due diligence, while others may not require it at all. Crypto businesses that don't implement the KYC process are more vulnerable and usually targeted by criminals. After all, the primary purpose of applying KYC is to help companies better understand their customers and prevent criminal activities.

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

Bybit is currently one of the top three crypto derivatives exchanges, with over 100,000 users and multilingual support (English, Chinese, Traditional Chinese, Korean, and Japanese). Unlike other margin trading exchanges, Bybit has a simple design, but it has all the features that can allow traders to have a more advanced trading experience. Since its matching engine can handle 100,000 TPS, you do not have to worry about overload, and it has low latency (1 ms).

Bybit offers two kinds of contracts: USDT perpetual contracts, and perpetual inverse contracts. The margin used on the USDT perpetual contract is USDT, and it is a linear contract. Trading in BTCUSDT is recommended for beginners.

Continue Reading at Top 5 Exchanges to Trade Crypto Derivatives

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

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