What security measures should I consider when using a non custodial crypto exchange?

3 answers

• Dec 24, 2021 · 3 years ago
  When using a non custodial crypto exchange, it's crucial to prioritize security. Here are some key measures to consider: 1. Enable two-factor authentication (2FA) to add an extra layer of security to your account. This will require you to provide a second form of verification, such as a code from an authentication app or a text message. 2. Use a strong and unique password for your exchange account. Avoid using common passwords or reusing passwords from other accounts. 3. Regularly update your software and devices to ensure you have the latest security patches and fixes. This includes your operating system, web browser, and any other software you use for crypto transactions. 4. Be cautious of phishing attempts. Always double-check the website's URL and ensure you are on the official exchange website. Avoid clicking on suspicious links or providing your login credentials to unknown sources. 5. Consider using a hardware wallet to store your crypto assets. Hardware wallets provide an extra layer of security by keeping your private keys offline and away from potential online threats. Remember, while non custodial exchanges offer more control over your funds, it also means you are responsible for your own security. Take the necessary precautions to protect your assets.
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• Dec 24, 2021 · 3 years ago
  When it comes to security on non custodial crypto exchanges, you should be proactive in protecting your funds. Here are some important measures to consider: 1. Research the exchange's security features and reputation. Look for exchanges that have a strong track record of security and have implemented measures like cold storage for funds. 2. Keep your software and devices up to date. Regularly update your operating system, web browser, and any other software you use for crypto transactions to ensure you have the latest security patches. 3. Use a separate device for your crypto transactions. Consider using a dedicated device, such as a hardware wallet or a smartphone that is only used for crypto-related activities. 4. Be cautious of phishing attempts. Always double-check the website's URL and be wary of any suspicious emails or messages asking for your login credentials. 5. Consider using a VPN (Virtual Private Network) when accessing your exchange account. A VPN can add an extra layer of security by encrypting your internet connection and masking your IP address. By following these security measures, you can minimize the risks associated with using a non custodial crypto exchange.
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• Dec 24, 2021 · 3 years ago
  When using a non custodial crypto exchange, it's important to prioritize security to protect your funds. Here are some key measures you should consider: 1. Choose an exchange with a strong reputation for security. Look for exchanges that have implemented measures like multi-signature wallets and cold storage for funds. 2. Enable two-factor authentication (2FA) to add an extra layer of security to your account. This can help prevent unauthorized access even if your password is compromised. 3. Regularly review your account activity and monitor for any suspicious transactions. If you notice any unauthorized activity, report it to the exchange immediately. 4. Keep your software and devices up to date. This includes your operating system, web browser, and any other software you use for crypto transactions. 5. Consider using a hardware wallet to store your crypto assets. Hardware wallets provide an offline storage solution that is less susceptible to online threats. By implementing these security measures, you can enhance the safety of your funds when using a non custodial crypto exchange.
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