CRYPTO SECURITY EDUCATION: How To Secure Your CoinEx Exchange Accounts
It is now obvious that the crypto scammers and hackers don’t want to stop their evil acts and it is unfortunately that we can’t prevent them from attempting to hack. So now, we are only left with an option which is to protect our exchange account.
Generally! CoinEx is a very secured cryptocurrency exchange. The exchange has not been compromised before because of the security measures being put in place. The CoinEx exchange make use of HTTPS and 2-Factor authentication in order to strengthen the platform security. All the funds on CoinEx exchange are fully safe because the platform is using cold wallet storage.
Knowing fully well how secured the exchange is, it is now our responsibility to protect our individual account on CoinEx Exchange. It is mandatory for all the CoinEx users to complete all the security settings in order to safeguard their CoinEx account.
This article shows us ways on how to secure your CoinEx exchange accounts. If you can follow all the listed below measures, your funds can’t be stolen. Always Use a Secured Password
It is now obvious that hackers mostly target exchange accounts to steal user’s funds and they can get away with it without identifying nor tracing them. So please always make use of secure passwords. You should always avoid using short or linear passwords. Your password should contain alphabets, numbers and symbols i.e [email protected]!#$%^&*. Don’t use consecutive alphabets or numbers, make sure you use a disorder alphabets, numbers and symbols. Always use a long and complex password. Here are example of complex password YDr6$94Di7dxPQT6nzxLcF6&Rxt7cvh&N3bTwSWq##. Using this type of password will be difficult for any hacker to succeed in forcing into your account. If you find it difficult to memorize a complex password, then make use of password managers which you can use to store your complex passwords. You can install the App into your devices and use them for your password management. You can check ‘1Password’ or ‘LastPass’, they are good password managers.
Stop Using Same Passwords on Multiple Accounts
It is not advisable to be using the same password in different platforms and accounts. Not all platforms are secured, hackers can easily compromise their system and get away with users credentials. Once they get your password from an unsecured platform, they can use that same password to login into your CoinEx account and steal your funds. So therefore, never use the same password for multiple platforms and your accounts.
Don’t Share Your Password
Unknown circumstances should ever make you share your password with anybody. Don’t share your password with even your family nor your friends. It is obvious that many do impersonate CoinEx staff, thereby demanding for your password; be vigilant. No CoinEx staff will ever demand your password from you. Simply put, don’t share your password with anybody.
Another measure to secure your CoinEx account is by binding your mobile number. Make sure you mind only mobile numbers that can receive messages regularly. Though this service is only available is only available to some countries that have effective mobile carrier services. Binding of emails is also available on CoinEx Exchange. Make sure you use an email that is in your position.
Bind Two-Factor Authentication (2FA)
Binding your 2fa authentication is paramount in order for you to level up your account security on CoinEx Exchange.
2Fa Authenticator Apps is one of the most secure ways of doing 2-factor authentication. No hacker can be in possession of your authentication code except they stole your devices. Authentication code is so much good for protecting an account because the code expires within some seconds. It’s significantly difficult for hackers to exploit it. So all CoinEx users are admonished to bind their two factor authentication.
There are so many authenticator out there you can use
For Android users, you can check for “google authenticator”, “Authy” on playstore. You can use Aegis Authenticator too. You can get Aegis Authenticator from here https://beem.dev/
OTP is another good authenticator, check it here: https://github.com/andOTP/andOTP
And for iOS users, freeotp is also good. Check it from here: https://freeotp.github.io/
Always be Aware of Phishing Site
I have embarked on some research and I discovered that the most easiest ways of hackers gaining access to user’s exchange accounts is through the utilization of phishing sites. The phishing sites are designed to look exactly like the site they are pretending to be.
You can bookmark the URL or anytime you want to enter the website manually, always check it well.
Again, you should always be skeptical on certain links you do receive on your email. You should also watchful on various links from advertisements. This is another area they do focus much.
Make your Device to be Malware & Virus Free
Many of us usually overlooked this aspect but I want us to change that mindset. Either you are using a phone device or you are using a window operating system, you should be aware that hackers do create viruses that help them to gain access to keystones and other important data. The best way to stop them is for you to install an antivirus or malware-free device to protect them from gaining access to your data. Furthermore, you should always update your operating system. Once you find out that a new version is out, quickly update yours.
Secure your API Keys
This is essential for those that do use the exchange API. The API users can use the API keys they created on CoinEx Exchange to access some certain functions of their account in other API sites. So it is very important you should keep your API keys very tight. If anyone get access to your API keys, he can use it to steal your funds especially if you authorize it from the settings. They can use the API keys to trace, monitor and track your funds. So therefore, make sure you keep your API safe.
Don’t ignore all the measure I listed above. Please bookmark our official website ( https://www.coinex.com), in your browser and always double check the URL before you signing in. Never forget too to install an updated antivirus softwares into
your devices. Avoid clicking irrelevant links sent to your email and do not create API keys if you are not using it.
Also, have it at the back of your mind that CoinEx will NEVER ask for your account password or the google authenticator code.
Originally published at https://steemit.com on July 17, 2020.