Cryptocurrency Exchanges With Highest Cybersecurity Score Rating

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

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

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

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