Title: How to secure and safeguard your cryptocurrency exchange software
1How to secure and safeguard your cryptocurrency
exchange software?
2Introduction
Crypto investors all around the world have
started inclining more towards cryptocurrency
exchanges because of the opportunity they offer
to trade a wide range of cryptocurrencies and
boost profits, providing liquidity, convenience,
and several other benefits.
3The current scenario of security in the
cryptosphere
There quite a bit of challenges revolving around
the crypto space when it comes to
security. Aspects such as storage of funds,
transaction records, and retrieving a coin
depend upon a form of technology. This makes the
exchange more prone to hack threats and other
fraudulent activities.
4Most exchanges have also started offering mobile
application support, which is highly beneficial
but also makes it easy for hackers to break
in.
This implies a need for stronger security
implementations and secure transactions.
5Fundamental security features of crypto exchange
6Registry Lock
- A registry lock offers an additional layer of
security to your cryptocurrency exchange
platform by locking your domain at the registry
level, which means your registrar cannot move
your domain to another on its own.
7Implementing DNSSEC
DNSSEC is a series of protocols that
authenticates all the DNS( Domain Name System)
queries. It protects the system from forging DNS
data via public-key cryptography and digital
signatures to verify and validate the
authenticity of the data.
8Cold Wallet
- A cold wallet is a way to store and secure users
crypto funds offline. Integrating a cold wallet
into a cryptocurrency exchange software provides
an added layer of security, as even if the
exchange is hacked, the funds in the cold wallet
remain unaffected.
9Web Protocol Security
It is very important that you ensure the web
protocol security of your exchange to prevent it
from cyber-attacks.
10Contact us
- EMAIL ADDRESS
- info_at_cryptocurrencyexchangescript.com