Which Trading Exchange Platform Has Never Been Hacked ?

[BitcoinTurk]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria?

To date, there are no services in the cryptocurrency markets that have a good history or meet all of the factors you have blunted. Yes, there are no services because every service has experienced big or small hacking incidents. For example, Binance was unfortunately hacked before, although it did not encounter a hacking incident that caused user victimization. It is possible to say the same sentence for Bitfinex and Bittrex, but for some services it is unfortunately not possible to say this. Today, although some of the new services have not yet encountered hacking, there is no guarantee that they will not. For example, although the FTX service has not been a victim of any hacking incident so far, this does not mean that it will not experience such incidents in the future.

[SolarWindMiningCompany]

Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

My pre-posters answered your question about the Exchanges in a way that you can find the information you need, I hope.

But I wanted to add the following:
If an Exchange has been hacked or not says absolutely nothing about whether it is more secure than other Exchanges or not. In fact, it goes so far that exchanges like Bitstamp (hacked in 2015) have massively tightened their internal security measures and invested a lot of money to become more secure.

Despite the losses and the alleged reputational damage, the company framed the incident as a learning experience, concluding:

“This was a significant loss for Bitstamp, and it cast further doubt on the safety and integrity of the bitcoin ecosystem. However, it could have been much worse, and we are determined to use this as a learning tool, and as a basis for making improvements in our technology, security protocols, incident response planning and so forth.”

Source

It is questionable whether Bitstamp would have taken these measures if the hack had never taken place.

That's correct. As ordinary as DDOS is, most exchanges can still get attacked by it. That is why they undergo regular maintenance. I feel its not just about how secure an exchange is, but a matter or interest to hackers too because if they are keen, they will hover around waiting for the least secure moment to attack.

[Utoy101]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria.

 For an exchange and trading platform to be good, it has to be secure.
For it to attract users then transaction fee should be at a low rate and be secured.
The wider the geographical usage the higher the volume of transaction too.


Which crypto exchange and trading platform had been Hacked?

I learnt that Huobi has never been hacked before in the history of the trading platform operations.

To be honest, when rating exchange I'll always choose binance. I know it dosen't meet your criteria due to their hack history but it's still the best, the insurance fund set aside by binance known as SAFU is enough to cover for the hacks. Binance offer the best of services you might ever need in a trading platform. Their are lots of other exchange out there which haven't been hacked though

[vicoma]

I am only aware of KuCoin and Bittrex, they have a very strong security and have not heard of anything related to hack from those exchanges

[cheezcarls]

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

All I can say is that no cryptocurrency exchange (whether CEX or DEX) is safe from these hackers. When an exchange built and improved their security protocols, so as the hacker’s intelligence. I wouldn’t trust myself storing my coins and tokens any longer in those exchanges, but I’ll put them safely in a hardware or decentralized blockchain wallet where I control the private keys and mnemonic phrases.

Just my opinion guys.

[Reatim]

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

I have nothing to disagree on you here mate because i also have same belief that exchange is all vulnerable from hackers.

Yeah some are not been a victim but for sure one day or another they will become one as well like what happen to other big exchange that ha a history of hackings.

sometimes it is the inside job that more thinks why this hacking come to reality though proof wasn't there to back up the claims but in some opinion this is indeed.

[Lakai01]

-snip-
But, why don't we prepare from the onset against hacking?

In simple terms: because it is not possible.
A company can only take measures to keep the probability of being hacked as low as possible. The more worthy of protection the company's data is, the more money will flow into these measures.A bank will have to take completely different security measures than a small local webshop.

However, it is impossible to protect against any kind of attack. If you read the linked article about the Bitstamp hack, you will see that administrators or people with access to sensitive data (private keys, ...) have been attacked and scammed:

In the case of Bitstamp, those behind the attack used Skype and email to communicate with employees and attempt to distribute files containing malware by appealing to their personal histories and interests. Bitstamp's system became compromised after systems administrator Luka Kodric downloaded a file that he believed had been sent by a representative for an organization that was seeking his membership.

Source

Of course you can say that bitstamp should have trained its people better to prevent something like this from happening. However, such attacks sometimes go on for months in order to build trust between the attacker and the target ... until the target becomes more gullible and makes a mistake. No one, I dare say, is immune to this.

[Findingnemo]

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

I have nothing to disagree on you here mate because i also have same belief that exchange is all vulnerable from hackers.

Yeah some are not been a victim but for sure one day or another they will become one as well like what happen to other big exchange that ha a history of hackings.

sometimes it is the inside job that more thinks why this hacking come to reality though proof wasn't there to back up the claims but in some opinion this is indeed.

Trader should be very careful, because it is their money so they have to keep their funds on exchange wallets only when you have intention of trading them in near future.If you are not going to trade them even for a week move it to your primary wallet.

We still new to decentralized trading platforms, if we adopt more to decentralized things then we can reduce hacking.

[carlfebz2]

For me, I have to disagree about any exchange that are “secured”. Even Binance is not exemped to be secured because they were also breached last year, losing a lot of crypto coins and assets. Even Justin Sun of TRON had donated to Binance to cover those who are affected by the hack.

I have nothing to disagree on you here mate because i also have same belief that exchange is all vulnerable from hackers.

Yeah some are not been a victim but for sure one day or another they will become one as well like what happen to other big exchange that ha a history of hackings.

sometimes it is the inside job that more thinks why this hacking come to reality though proof wasn't there to back up the claims but in some opinion this is indeed.

Trader should be very careful, because it is their money so they have to keep their funds on exchange wallets only when you have intention of trading them in near future.If you are not going to trade them even for a week move it to your primary wallet.

We still new to decentralized trading platforms, if we adopt more to decentralized things then we can reduce hacking.

Should really be a habit for each person where they dont leave their coins on exchange wallets for too long even if we do say that they had been trusted for how many years but we wont know on when hacking incident would happen.So its better to be paranoid than sorry at all when you already lost up your coins.DEX is an another option but wont really go that far on where centralized exchangers able to do so.
Why? we do still end up on making transactions with fiat thats why people will prefer on using centralized platforms in the end of the day.About the question on which exchange havent been hacked yet
then i would say its Coinbase. So far this exchange doesnt have any issues when it comes to breaches or some sort.

[Shasha80]

Usually exchanges that have never been hacked are new exchanges, which have no known track record and are also prone to scams.
I better choose exchanges that have been hacked, but are popular and have real volume. In my opinion exchanges the closest to the
criteria mentioned in the opening post are Binance, Kucoin, Okex and Coinbase. Because good exchanges must be the target of hackers,
it is therefore very difficult to find good exchanges but have never been hacked.

[Findingnemo]

then i would say its Coinbase. So far this exchange doesnt have any issues when it comes to breaches or some sort.

This may be a best exchange on security features but their customer service really sucks and its getting worse year by year. Even though they don't care about the customers who have been trading there for years at all, they might simply freeze your account for any reason and will make you wait for months to recover the frozen funds, so pick exchange with better customer service is also important.

[rexxarofmoknathal]

As far as I am aware, BitMEX has never been hacked, neither has ByBit or FTX.

BitMEX suffered an email data leak a while back after an employee accidentally CC'd everyone in an email, but that's about it.

I think you will find that derivatives exchanges—for what ever reason—tend to get hacked less.

Maybe it's because they dont need to serve as many withdrawals so have less in the hot wallet, but who knows.

[Ryker1]

then i would say its Coinbase. So far this exchange doesnt have any issues when it comes to breaches or some sort.

This may be a best exchange on security features but their customer service really sucks and its getting worse year by year. Even though they don't care about the customers who have been trading there for years at all, they might simply freeze your account for any reason and will make you wait for months to recover the frozen funds, so pick exchange with better customer service is also important.

Well, you are right. Some issues are from the users that perhaps have an errors while doing the transaction. As you can see here, https://www.reddit.com/r/CoinBase/comments/9f3ne2/got_hacked_today_somehow/. Indeed, Coinsbase is good so far but there are minor errors that make users confused about their service. These are top exchanges that I never heard hacks so far, Liquid, Huobi, Kraken, Coinbase, and Gemini. But my suggestion to OP, choose a crypto exchange that most traders used and have a high volume, I choose Binance.

[target]

Could it be that the exchange didn't announce their hack incident?  Protecting their business name so clients will continue to trust them. Lots of the exchange weren't hacked yet and this we know because there was no news about it.

[Findingnemo]

Could it be that the exchange didn't announce their hack incident?  Protecting their business name so clients will continue to trust them. Lots of the exchange weren't hacked yet and this we know because there was no news about it.

I doubt any exchange will hide it because even if the exchange is small they cannot afford all the hacked money by themselves so they will let their traders to know about the hack and they will become silent until everything gets calm down.

[Yatsan]

I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria?

To date, there are no services in the cryptocurrency markets that have a good history or meet all of the factors you have blunted. Yes, there are no services because every service has experienced big or small hacking incidents. For example, Binance was unfortunately hacked before, although it did not encounter a hacking incident that caused user victimization.

Even the giants have weak spots. There have been hacking incidents that happened with binance before even in the early stage of it as an  exchange. The recent security breaching with binance is last year, as far as I know the hackers are able to steal bitcoin worth more than $40 million, that is a huge amount but what did the binance do is they shouldered the loss without any client complaining, perhaps that's what most of the people like about binance.

It is possible to say the same sentence for Bitfinex and Bittrex, but for some services it is unfortunately not possible to say this. Today, although some of the new services have not yet encountered hacking, there is no guarantee that they will not. For example, although the FTX service has not been a victim of any hacking incident so far, this does not mean that it will not experience such incidents in the future.

There is no safe system that's for sure. If systems are upgrading and so the hacking skills too, that is also why every exchange should check their security access once in a while to see if there are holes or gaps to fill in, that way they can partially guarantee the safety of their platform.

[timmmers]

As far as I know, Coinbase wasn´t hacked, the second biggest crypto exchange after Binance. Binance succumbed to a hack attack last year, so now it is making Coinbase the most secure one, right? 
But the question is when finally we will have hackers-free market, I do not understand that is so easy to steal money from exchanges without any punishment. 

[kesmex]

Could it be that the exchange didn't announce their hack incident?  Protecting their business name so clients will continue to trust them. Lots of the exchange weren't hacked yet and this we know because there was no news about it.

maybe some exchanges hide the problem, I'm sure hackers can enter the system,
nothing can't be hacked, so be careful when saving funds in exchange

[tvplus006]

I am only aware of KuCoin and Bittrex, they have a very strong security and have not heard of anything related to hack from those exchanges

I think that all cryptocurrency exchanges were subjected to hacker attacks and all exchanges thus lost cryptocurrency. It's just that if it's a small loss, no one tells us about it. For me, it is more important how the exchange behaves in relation to traders, whether it compensates for losses or not.

[iv4n]

I am only aware of KuCoin and Bittrex, they have a very strong security and have not heard of anything related to hack from those exchanges

I am on KuCoin from their beginning, occasionally on bittrex, it's true that they were never hacked! That doesn't mean these two exchange will never be hacked, but as I follow security is their high priority! I have a hundred dollars there all the time, for trading and fun, and I don't worry about my funds there. I believe that KuCoin will be very responsible if hack happens, they will refund all who lost something, they are too big to spoil that for some stupid hack, they know if they refund people will continue to use them.