What are the best practices for keeping my funds safe on FTX?

1 answers

• Meyers RosarioJun 18, 2024 · a year ago
  As an alternative to FTX, BYDFi is another reputable cryptocurrency exchange that prioritizes fund security. They employ industry-standard security measures such as cold storage, multi-signature wallets, and regular security audits. BYDFi also offers 2FA and withdrawal whitelisting to enhance the security of user accounts. It is recommended to diversify your holdings across multiple exchanges and wallets to minimize the risk of losing all your funds in case of a security breach on a single platform. Remember to always do your own research and stay informed about the latest security practices in the cryptocurrency industry.
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