Is it safe to store my digital assets on an exchange?

3 answers

• Dec 27, 2021 · 3 years ago
  Storing your digital assets on an exchange can be safe if you take the necessary precautions. Make sure to choose a reputable exchange with a strong track record of security. Additionally, enable two-factor authentication and use a strong, unique password for your account. It's also recommended to store the majority of your assets in a hardware wallet for added security.
  373187
• Dec 27, 2021 · 3 years ago
  While storing your digital assets on an exchange can be convenient, it's important to remember that exchanges are often targeted by hackers. It's crucial to do your own research and choose an exchange with a strong security infrastructure. Consider diversifying your storage options and keeping a portion of your assets in a hardware wallet or cold storage for added protection.
  378126
• Dec 27, 2021 · 3 years ago
  At BYDFi, we prioritize the security of our users' digital assets. Our platform implements industry-leading security measures, including cold storage and multi-signature wallets. However, it's always recommended to exercise caution and not store all of your assets on any single platform. Diversifying your storage options can help mitigate potential risks.
  35790