“Security” is the supreme factor in any business and is the first-ever thing that come to any trader’s mind if the cryptocurrency exchange promises the best security features, it would gain the trust of investors and evolve as the successful crypto platform.
Some of the important security features are
Peer to Peer exchange:
Starting a peer to peer exchange is considered the best thing to get rid of hackers and it is the most preferred choice for investors.
Escrow security:
Escrow security is considered as the most important security factor for any kind of exchange platform that helps traders to make secured trading,
Multisig Wallet:
Multisignature wallet is a highly secured wallet. Cryptocurrency in the wallet can be accessed only after the buyer, seller, and Admin approval. it eliminates the Abscond and theft in trading
Two- Factor Authentication:
It is the traditional security measure that comprises of SMS as well as Google Authentication.
Usage of AI technologies:
The Usage and Impact of Artificial intelligence is inevitable in any field and it plays a vital role in case of security
Universal Authentication Factor:
These devices will securely grant access to your account when plugged in or paired wirelessly. This process is similar to traditional Two-Factor Authentication (2FA) methods, such as SMS and Google Authenticator, but the manual entry of code is not required, which makes physical access to the device a necessity.
Partnership with Cybersecurity:
Providing Cybersecurity to the website is the primary element of security.
AML/KYC
Anti-money laundering and know your customer is the best features to prevent money theft and some other illegal activities
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