Staying safe on cryptocurrency exchanges

[PALM]

The hacking of Binance may not have been a huge shock to the whole crypto community. Afterall, it seems like the expectation is that most crypto exchanges would be hacked one way or another.

Thus, protecting funds on exchanges is of utmost importance.

[sashavich04]

Crypto traders can now compare the best multi-exchange trading and portfolio management platforms.

[Sendo12]

Also, don't ever give out your private keys to anyone. If you are to give it to someone you trust, make sure that you don't give it through online communication.

[Aya]

First of all, make sure that the exchange site you're dealing with is reliable and can really be trusted. That is how you can assure that your coins will be safe.

[Trader_Rob]

First of all, make sure that the exchange site you're dealing with is reliable and can really be trusted. That is how you can assure that your coins will be safe.

I know someone who has been scammed by an exchange site. It was only introduced to her by a fellow member in a crypto forum. We are suspecting that the member is actually a part of the exchange site and was inviting people to invest money there. Before depositing anything, make sure that the company is trustworthy.

[AbdulShiek]

The hacking of Binance may not have been a huge shock to the whole crypto community. Afterall, it seems like the expectation is that most crypto exchanges would be hacked one way or another.

Thus, protecting funds on exchanges is of utmost importance.

Make sure the website you visit is genuine. Some hackers managed to infiltrate over the "exchange server" and serve a fake version of the site to its visitors. The private keys of the visitors who visited the "fake site" will be sent to the hacker's address.