📌Security Tips for Using Crypto Exchanges

How to Keep Your Crypto Safe on Exchanges

Taking these specific steps can significantly reduce the risk of losing your funds on a crypto exchange. Security isn’t just about passwords—it’s about being proactive and minimizing exposure to potential threats.

Use Hardware Wallets for Long-Term Storage

🔵If you're not actively trading, consider moving your funds from the exchange to a hardware wallet. For example, a Ledger or Trezor wallet keeps your crypto offline, reducing the risk of hacking.

Enable Whitelisting for Withdrawal Addresses

🔵 Set up withdrawal address whitelisting so that your funds can only be sent to pre-approved addresses.

Avoid Keeping Large Balances on Exchanges

🔵Only keep what you need for trading on the exchange. Move the rest to a secure wallet.

Use Separate Email Accounts

🔵 Create a unique email account specifically for your exchange activity, and enable two-factor authentication (2FA) on it. This adds a layer of protection, similar to having a dedicated phone line for sensitive calls.

Monitor Account Activity Regularly

🔵Regularly check your exchange account for any unauthorized logins or transactions.

Beware of Withdrawal Delays and Account Freezes

🔵Some exchanges might freeze accounts or delay withdrawals if suspicious activity is detected. Ensure your identity verification is complete to avoid delays.

Understand Exchange Insurance Policies

🔵Check if the exchange offers insurance on your funds in case of a hack, and understand the coverage limits.