Building a secure crypto ecosystem: Best practices for investors and crypto exchanges

economictimes.indiatimes.com:

However, with this rise in popularity, there has also been a corresponding surge in cybercrime and fraudulent activities in the crypto space. Investing in any asset class, including crypto, comes with inherent risks. While the crypto industry presents lucrative investment opportunities, investors must remain vigilant about security measures to safeguard their assets. Best practices for investors Research the platform before investing: Before investing in any crypto platform, investors should do their due diligence and thoroughly research its security measures, regulatory compliance, and reputation in the industry. They can read reviews, check for any security breaches in the past, and ensure that the platform has a track record of safeguarding its users' assets. Use strong passwords

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To protect their accounts from unauthorized access, investors should use strong passwords that are unique and complex. For example, they should avoid using easily guessable passwords such as their name or birth date and use a combination of upper and lower case letters, numbers, and special characters. Enable two-factor authentication Two-factor authentication adds an extra layer of security to an investor's account, requiring them to provide a second form of verification, such as a code sent to their mobile device, before accessing their account. This helps prevent unauthorized access to their account, even if their