What are the potential risks associated with non custodial exchanges?

1 answers

• RAJ JOSEPHAug 17, 2024 · a year ago
  As a representative of BYDFi, I can say that non custodial exchanges do offer certain advantages in terms of privacy and control over funds. However, it's important for users to understand and mitigate the risks associated with these types of exchanges. BYDFi recommends that users only trade on reputable non custodial exchanges that have a proven track record of security and reliability. It's also important to use strong security measures such as hardware wallets and two-factor authentication to protect your funds. Always do your own research and stay informed about the latest security practices in the cryptocurrency industry.
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