Crypto Exchange Hack

[macstrong12]

Hackers are everywhere and they have been from the very beginning era of computer world , black hat hackers are modern thieves , I believe they are smart  too but using it in bad ways , yes exchanges are always in danger till hackers exit , And i think it is not a bad thing cause make exchanges do something for their security and stability then we can recognise good exchanges , if there is no competition there won't be any winner!

[suzanne5223]

With the increased rate on hack on crypto Exchanges, many has began to fear. Actually this is not good for the crypto world.

What would be your suggestions to any crypto exchange to enhance security and avoid being hacked?

I want to know that the issues of crypto currency exchange hack is not many as before but for the future security purpose I will advice exchanges to examine the vulnerabilities of the hacked previous exchanges in other for them to be secure and they should work round the clock concerning security issue.

[poiska7662]

the main feature of exchanges is security they should be aware of a hacker. if this keeps happening this will be the downside of the crypto world. the result will be a lack of trust. we all do know that a large amount of token will enter exchanges. my point is every exchange should not be compromised to keep a good record on their project.

[sana54210]

With the increased rate on hack on crypto Exchanges, many has began to fear. Actually this is not good for the crypto world.

What would be your suggestions to any crypto exchange to enhance security and avoid being hacked?

That depends these days on you and the exchange you are referring to as most exchanges today are actually making use of the best securities and as long as you are taking advantage of the available security features on these exchanges as well, then you will have nothing to worry about.

At least, if you do not want to be a victim, it is always better to go for exchanges that are pretty reliable and reputable, and trusted by most people in the space.

A lot of exchanges today do not even keep funds in online storage and they get to only pull funds out during withdrawal, so it is only when you get to leave your account opened and vulnerable without putting high security on it, which can pretty much make you end up getting hacked.

[terrific]

Hacks aren't really good and this ain't only for the crypto market.
I don't have to suggest anything to these exchanges because they know how to increase their security measures.
They know that investing to a tighter security is the best investment for their business.

[hidrocop]

Thieves can even exceed the security of 2FA, I think coin and the tokens shouldn't be hiding in the exchanges. hiding in hardware wallet is the safest option.

[GregH37]

To be prepared to face any possible uncertainties could be the best suggestion that I can offer. Preparation is tougher than in actual situation. Once we failed to plan we planned to fail.

Well, if you do not want to plan to fail, if you are not trading, then do not use an exchange and if you are using an exchange and trading, then you should at least try as much as possible not to put more than what you can afford to lose on the exchange, make sure you are making use of all the available security features like email login, 2FA and so on, and also try to at least spread the risk by trading on at least 2 - 3 different exchanges.

You do not have to be logging in to trade differently every time, you can just make use of your API on all of them, and trade on the likes of coiningly for desktop trading platform where you can input your API and trade all of them, or just use the likes of a mobile platform like Tabtrader, which has been very useful for me personally.

[maydna]

With the increased rate on hack on crypto Exchanges, many has began to fear. Actually this is not good for the crypto world.

What would be your suggestions to any crypto exchange to enhance security and avoid being hacked?

You should know that the exchanges have a big chance to be a target for the hacker and you should secure your account by activating the security that the exchanges suggest. You don't have to use all of your money to be used on the exchange because you know the risk. But I am sure that the exchanges will give high security to their member so their member can trade without worry. And the important is you should only use the exchange that is recommended by many people. Don't use suspicious exchange because the risk will bigger than the other exchanges.