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Crypto Exchange
Are all crypto exchanges safe to use?
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[QUOTE="Holicent, post: 260018, member: 76163"] There are a lot of exchanges to choose from when you want to buy or sell cryptocurrencies. But are all of them safe? Crypto exchanges are simply websites where people can buy and sell cryptocurrencies for a small fee. There are hundreds of crypto exchanges around the world that offer hundreds of different coins, including Bitcoin, Litecoin, Ethereum and many others. The problem with most crypto exchanges is that they don't have the highest security standards in place. If you want to use an exchange like this then you'll need to take some precautions: Use two-factor authentication - When you create an account on an exchange, you should set up two-factor authentication (2FA). This will require you to enter both a password and PIN code whenever you log into your account. This makes it harder for someone else to access your account if they have access to your phone number or email address. Back up your private keys - A lot of exchanges store your private keys on their own servers which means that there is no way for you to retrieve them if anything goes wrong with the exchange's server. The best way around this is by backing up your private keys on a secure computer that has never connected to other network. If it worths your stress you have to do these things. [/QUOTE]
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Are all crypto exchanges safe to use?
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