Mike
One of the biggest crypto exchange factors to consider is security. The growing use of cryptocurrency has made exchanges more attractive to criminals. So, it’s important that you only select an exchange that uses strong security measures to protect your funds. Verify if the exchange has two-factor authentication (2FA). If that’s unavailable, you should reconsider using such a platform. Look out for other security features, such as custodial storage services and cold storage asset reserves.
The more security features an exchange uses, the better for your funds. Exchanges like Crypto.com’s mobile app support biometric login, which authenticates your identity using the smartphone’s fingerprint and face recognition. Some other platforms, like Kraken, require government-issued identity cards, such as driver’s licenses. This helps them easily spot imposters.
