How to prevent cryptocurrency exchange hacking

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We have listed a handful of cryptocurrency exchange security guidelines that can maximize the safety of the exchange and its clients' funds. Use hardware wallets for long-term storage of your crypto assets. Hardwae wallets are not directly connected to the internet, making them highly. Tip #1: Secure Your Passwords and Use Two-Factor Authentication. Securing your passwords is the first line of defense against crypto hacks.

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And if everyone does the same, then it helps contribute towards a safer and more welcoming crypto environment for everyone to enjoy. Exchange hacks happen when hackers find ways to exploit vulnerabilities in a cryptocurrency exchange's security system to steal digital assets. Understanding the Types of Crypto Hacks Before we explore the tips, let's lay out the most common types of cryptocurrency you might come across. What is cryptocurrency?