How should cryptocurrency investors judge the security of a crypto exchange?
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First of all, well-known large exchanges are not necessarily good. Most of them are only established for a long time, and they are relatively lacking in terms of function and security. Secondly, how do ordinary people judge the security of a digital asset exchange, start with the following points. Is there a multi-level firewall, multi-signature, hot and cold isolation wallet, a hundred-person technical team rotates 24 hours a day, etc. This guarantees the security of platform users' encrypted assets and transactions. As far as I know, the well-known exchanges are equipped with ZB.com, huobi global, coinbase, etc.
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First, whether the exchange has compliance qualifications. A formal exchange holds relevant qualification trading licenses. Then, comprehensive other comparisons, such as fame, ranking, establishment time, transaction volume of trading users, etc., these are all reference factors. In other words, the platform that spends a lot of money and time, the higher the reliability, and the strength is also a demonstration. The platform that is hard to build has less chance of running away.
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Trading depth, real trading volume, trends of currencies available for investment on the platform, whether there have been malicious incidents, the credit endorsement of the exchange, etc.
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Those who are concerned about this issue should care about the safety of their assets. For those who care about asset safety, there is really no need to ask this question. If you want your funds to be safe, just trade on mainstream exchanges like ZB.com, Binance, coinbase, bitfinex, and bitmex. If mainstream exchanges are not safe anymore, the security of the entire industry is at stake. If the token you want to buy is not listed on mainstream exchanges, what you should worry about is not whether the exchange is safe, but whether the coin will return to zero.
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It mainly depends on the degree of business focus, such as focusing on token trading or contract trading, what are the advantages and characteristics, and updating the iterative route. For example, ZB.com is an encrypted exchange focusing on spot trading. It has the advantage of being one of the largest spot exchanges in the world, and it is characterized by its service tenet of putting investors first. Use this method to evaluate and believe that you will find a suitable crypto exchange for you.
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Judging whether an encrypted exchange is safe, the answers above are almost the same. Let me add a few points. It is necessary to judge whether some things are open and transparent, whether traders and investors can understand, whether they have the right to know, etc. And whether there are 24-hour online service personnel to help novices or investors answer questions.
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In fact, just look for a few exchanges in the head. Small crypto exchanges are not safe at all. If you must invest in a small exchange, you can observe which currencies are listed on it, the depth of the transaction, whether it is all robots, and so on.
Choose some top-ranked cryptocurrency exchanges that have more users and often work with local governments on blockchain projects. Or if the license is obtained in various countries, this kind of exchange has a lower risk of escaping with money and will be more credible.
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