Security Questions You Should Ask in Your Cryptocurrency Exchanges

Security Questions You Should Ask in Your Cryptocurrency Exchanges

Explore the complete guide which covers cryptocurrency exchange security standards 2020 released by hacken.

Cryptocurrency business reaches the sky! People really want to explore this industry and grab cryptos. The only place to get cryptocurrencies is cryptocurrency Exchange platforms. As this is the platform where money has been exchanging for 24 hours a day and there would be no compromise in the security

The ultimate goal of any cryptocurrency exchange is to gain traders trust, the one and only way to get trust is to implement best security features in the website

Security is the most prominent thing to consider in a Cryptocurrency Business. To ensure the security of your Cryptocurrency Exchange, find out the answers for the below question.

1.Check weather the crypto exchange is designed by the protocols given by hacken.

Cryptocurrency Exchanges Security Standard

Cryptocurrency exchange security standard is a set of procedures, protocols and certification strategies that defines the standard of a cryptocurrency exchange. By acknowledging the proposed security standards, a cryptocurrency exchange will be taken into continuous examinations like cybersecurity tests, penetration tests, user security tests and various measures. The final results will be taken for the process of certifying the examined cryptocurrency exchange with certain criteria.   check the CESS - Cryptocurrency Exchange Security Standard

  1. Two Factor Authentication

  2. Escrow Protection

  3. Offline Cryptocurrency Wallet Usage

  4. Integration of Security API

  5. Server hosting

  6. Data Encryption.

  7. Liquidity API

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