Exchanges apply several methods to secure customers funds. They would keep a hot wallet and a cold storage to seperate funds to be used for everyday liquidity and for funds needs in emergency. The hot wallet would again be topped up everyday and this would depend on how much trading happens. Then they internal wallet system to keep every users funds. These are again secured from the users end by a KYC and 2FA. Data here gets encrypted to prevent leak in case of hack and a difference in gapping between the front end and back end.
A lot of technical stuff that is there though. Does not necessarily mean that Changeally is the best of them all. Use whatever you feel is suitable for you.
Topic: How crypto exchanges secure our funds? (Read 464 times)
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Marketers can write anything, but the reality looks a little different. If any of the major States need information about their residents, the exchange will provide information. And hack the exchange, as it turned out, is not so impossible.
Just as they did to the almighty binance, while they were just coming from the hacking of stealing fund, there was a hack of data sometimes ago and when it came to that, I knew that something was not right, the act looks fishy to me and like it has the involvement of some giant people in it. No matter how string an exchange is, they can still be hacked.If you asked binance some years back, they will tell you that they never ever believed that they could even be hacked, and being the best exchange, everyone could really trust their exchange, but unfortunately, they got hacked. So, changelly might be all those things we say they are now but that will still not guarantee that they are completely secured and cannot share information or be hacked.
hah, yeah, amazing really, hurrying to buy there
Good luck there
hah, yeah, amazing really, hurrying to buy there
how long does one exchange take?
For tokens up to 5 minutes or less, for alts – 10-30 seconds. BTC redeem is spectecular. Just few seconds or even immediate. Seems to me they are giving all they can to transaction time on bittrexchangehow long does one exchange take?
For tokens up to 5 minutes or less, for alts – 10-30 seconds. BTC redeem is spectecular. Just few seconds or even immediate. Seems to me they are giving all they can to transaction time on bittrexchangehow long does one exchange take?
For tokens up to 5 minutes or less, for alts – 10-30 seconds. BTC redeem is spectecular. Just few seconds or even immediate. Seems to me they are giving all they can to transaction time on bittrexchange
how long does one exchange take?
Hello, guys. What exchanges do you trust and is it safe to use all of them? What are your most favourite exchanges so far?
Hey, I use bittrexchange com platform for 2 months already, no problems with them, check this exchangeHello, guys. What exchanges do you trust and is it safe to use all of them? What are your most favourite exchanges so far?
Hey, I use bittrexchange com platform for 2 months already, no problems with them, check this exchangeHello, guys. What exchanges do you trust and is it safe to use all of them? What are your most favourite exchanges so far?
Hey, I use bittrexchange com platform for 2 months already, no problems with them, check this exchange
Hello, guys. What exchanges do you trust and is it safe to use all of them? What are your most favourite exchanges so far?
Many different exchanges offer the benefits of hacking free transactions by providing extra security features. Many wallets also offer many safety features which are quite decent. You can find their reviews online for further info.
I have not heard about the exchange that you called, perhaps it does not have 2 million users as they state. I prefer to trust my funds only to large exchanges, for example Binance, Bitfinex, BitForex, Kraken, OKEx. But sometimes for the sale or purchase of a particular coin there is a need to use other exchanges, but I do not store my funds on them, I only buy or sell. Therefore, try to avoid little-known exchanges.
no one can guarantee the safety of your funds on a centralized exchange, so go to the DEX, it’s certainly more difficult to trade there, but you will get security and various methods of mining, pay attention to the ViteX, they have as many as 5 mining methods, very convenient and by the way exchange is also available in their mobile wallet 
Be careful with ads or introductions, it needs to be verified. However, with the exchange, you should find out at Coinmaketcap like Binance, Okex, ... but these platforms require information from you. You can also trade anonymously with DEX, forkdelta, etc. your information will not be needed here.
Marketers can write anything, but the reality looks a little different. If any of the major States need information about their residents, the exchange will provide information. And hack the exchange, as it turned out, is not so impossible.
of course it has good security and security and uses google authenticator to be able to attract the assets we have and want to buy them. website service is also very important to protect our assets in the exchanger.
Exchanges can protect funds by different ways. One of the most popular is decentralised exchanges. Your funds do not leave your wallet when you use such exchange.
As safe as an exchange must have a gap to be hacked, in my opinion if you want to use an exchange, use it only as needed. If there's nothing you need, save your money in your own personal wallet, it's much safer
True, all exchanges have a loophole to be hacked, although each exchange has a different security, and save money in a personal wallet based on online, sometimes it can also be hacked like it happened to my friend, so in my opinion, it's safer to save money only at the bank, not in an exchange or in a personal wallet that is online. Jump to: