How long do crypto exchanges keep transaction records?

3 answers

• Apr 19, 2022 · 3 years ago
  Crypto exchanges usually keep transaction records for a certain period of time, typically ranging from 6 months to 5 years. The exact duration may vary depending on the exchange and its regulatory requirements. It's important to note that different exchanges may have different data retention policies, so it's always a good idea to check with the specific exchange you are using. Keeping transaction records for a certain period allows exchanges to comply with legal and regulatory obligations, as well as provide transparency and accountability to their users.
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• Apr 19, 2022 · 3 years ago
  The duration for which crypto exchanges keep transaction records can vary. Some exchanges may retain records for as little as 3 months, while others may keep them for up to 10 years. The retention period is often influenced by factors such as regulatory requirements, internal policies, and the nature of the exchange's business. It's worth noting that longer retention periods can help with dispute resolution and provide a historical record of transactions, but they also come with increased storage and security considerations for the exchange.
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• Apr 19, 2022 · 3 years ago
  At BYDFi, a leading crypto exchange, transaction records are retained for a period of 7 years. This duration is in line with regulatory requirements and industry best practices. Keeping records for such a length of time ensures compliance with legal obligations and allows for thorough auditing and investigation if needed. It also provides users with access to their transaction history for an extended period, which can be useful for tax reporting and other purposes. It's important to note that data security measures are implemented to protect the privacy and integrity of the stored records.
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