1. Use Hardware Wallets for Long-Term Storage
🔵 If you're holding crypto for the long term and not actively trading, transfer funds from the exchange to a hardware wallet like Ledger or Trezor. These wallets keep your assets offline, minimizing hacking risks.
2. Enable Withdrawal Address Whitelisting
🔵 Set up address whitelisting to restrict withdrawals to pre-approved addresses, ensuring funds can only be sent to known and trusted destinations.
3. Limit Exchange Balances
🔵 Only keep the funds needed for immediate trading on the exchange. Store any excess in a secure wallet to minimize potential loss.
4. Use a Dedicated Email Account
🔵 Create a unique email account solely for exchange-related activities and enable two-factor authentication (2FA) to add an additional security layer.
5. Monitor Account Activity Regularly
🔵 Regularly review your account for any unauthorized logins or unusual transactions.
6. Be Aware of Withdrawal Delays and Freezes
🔵 Some exchanges may delay or freeze withdrawals if suspicious activity is detected. Ensure your identity verification is complete to prevent unnecessary delays.
7. Understand Exchange Insurance Policies
🔵 Check if the exchange provides insurance for user funds in case of hacking, and be aware of any coverage limits.
Following these steps can greatly reduce the chances of losing funds and strengthen the overall security of your crypto assets on exchanges.
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