What measures can be taken to ensure the safety of funds on FTX exchange amidst the BlockFi withdrawal pause?

3 answers

• Anthony AllenApr 11, 2021 · 4 years ago
  As an expert in the field, I would recommend several measures to ensure the safety of funds on FTX exchange amidst the BlockFi withdrawal pause. Firstly, it is crucial to enable two-factor authentication (2FA) on your FTX account to add an extra layer of security. Additionally, regularly monitor your account for any suspicious activity and report it immediately to the FTX support team. It is also advisable to use a hardware wallet to store your funds offline, reducing the risk of online hacks. Lastly, stay updated with the latest security practices and news in the cryptocurrency industry to stay ahead of potential threats.
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• Tommy ZhangDec 21, 2022 · 3 years ago
  Hey there! If you're concerned about the safety of your funds on FTX exchange during the BlockFi withdrawal pause, here are a few steps you can take. Firstly, make sure to set a strong and unique password for your FTX account. Avoid using common passwords or reusing passwords from other platforms. Secondly, enable two-factor authentication (2FA) to add an extra layer of security. This will require you to provide a second verification code, usually sent to your mobile device, when logging in. Lastly, be cautious of phishing attempts and never share your account details or personal information with anyone. Stay safe and happy trading!
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• Khaireddine ArbouchJul 31, 2024 · a year ago
  When it comes to ensuring the safety of your funds on FTX exchange during the BlockFi withdrawal pause, it's important to take proactive steps. Firstly, FTX itself has robust security measures in place, including cold storage for the majority of funds and regular security audits. However, you can further enhance the security of your account by enabling two-factor authentication (2FA) and regularly updating your password. Additionally, consider using a hardware wallet to store your funds offline, reducing the risk of online attacks. Remember to stay vigilant and report any suspicious activity to FTX support. Your funds' safety is a top priority for FTX and they continuously work to maintain a secure trading environment.
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