"Many of you won't find it impressive, but it changed my life. Finances have never been something strong in my family. We lived in debt, and my parents suffered from lack of money every day of their lives. I knew something needed to change. That's when I followed this plan," regothetrader said.
Taking these specific steps can significantly reduce the risk of losing your funds on a crypto exchange. Security isn’t just about passwords—it’s about being proactive and minimizing exposure to potential threats.
🔵If you're not actively trading, consider moving your funds from the exchange to a hardware wallet. For example, a Ledger or Trezor wallet keeps your crypto offline, reducing the risk of hacking.
🔵 Set up withdrawal address whitelisting so that your funds can only be sent to pre-approved addresses.
🔵Only keep what you need for trading on the exchange. Move the rest to a secure wallet.
🔵 Create a unique email account specifically for your exchange activity, and enable two-factor authentication (2FA) on it. This adds a layer of protection, similar to having a dedicated phone line for sensitive calls.
🔵Regularly check your exchange account for any unauthorized logins or transactions.
🔵Some exchanges might freeze accounts or delay withdrawals if suspicious activity is detected. Ensure your identity verification is complete to avoid delays.
🔵Check if the exchange offers insurance on your funds in case of a hack, and understand the coverage limits.
