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What are the risks associated with using a self-signed certificate in the chain for cryptocurrency transactions?

avatarStrand BorregaardDec 25, 2021 · 3 years ago1 answers

What are the potential dangers and vulnerabilities that can arise from utilizing a self-signed certificate within the chain for conducting cryptocurrency transactions?

What are the risks associated with using a self-signed certificate in the chain for cryptocurrency transactions?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we strongly discourage the use of self-signed certificates in the chain for cryptocurrency transactions. While it may seem like a cost-effective solution, the risks involved outweigh the benefits. Self-signed certificates lack the necessary validation and trust, making them susceptible to various security vulnerabilities. It is crucial to prioritize the security of your cryptocurrency transactions and opt for certificates issued by trusted authorities. This will help protect your assets and ensure a safer trading environment.