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👛How crypto exchanges keep you safe 💰Binance 🟢Uses a multi-layered security system, including passwords and two-factor authentication 🟢Uses a whitelist of withdrawal addresses, protecting transactions from fraud 🟢Monitors activity in real time to detect suspicious activity 🟢To protect against hacker attacks, Binance offers the SAFU fund, which covers possible losses 📈OKX 🟢Uses hybrid storage of assets, most of which are stored in offline wallets 🟢Uses two-factor authentication and verification of transactions via SMS and email codes 🟢Offers the OKX Risk Shield fund to cover risks associated with asset security 🟢Conducts regular data backups to protect against losses and cyberattacks 📈Bybit 🟢Uses two-factor authentication, data encryption to protect accounts 🟢Store user assets in cold multi-signature wallets to prevent theft 🟢Monitors activity in real time to quickly identify suspicious activity 🟢Blocks withdrawals to new addresses for 24 hours to prevent fraud
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