Check your crypto tension: Trader Bitfinex’s ultimate security checklist

March 20th Check your crypto tension: Trader Bitfinex’s ultimate security checklist

A simple transaction is one thing, A safe transaction The new one is at its peak! Security is always focused on all activities of Bitfinex and we want to ensure You are in the best condition to protect your account and money. Whether you’re a veteran trader or a toddler or a toddler in the crypto market, the correct implementation of security steps will help you get away from cyber threats and fraudulent tricks.

How does Bitfinex protect my account?

1. Cold storage and multi-layer security

• Cold Wallet: 99.5% of user assets are stored offline in a multi-signature wallet, away from the risks from the internet.
• Hot Wallet: To provide daily operations on the platform, only 0.5% of crypto assets are stored in hot wallets.
• Multi-Signature Security: All transactions from a cold wallet must be approved by at least 3/5 of the Hardware Security Module (HSM).

2. Preventing danger and fraud

• DDOS Protection: Smart load balancing systems and real-time toxic flow detection help to maintain stable operation, including high-risk events.
• Monitor fraud with AI: Advanced technology can help detect abnormal behavior and illegally block access.
• Regular security audits: Security teams will continue to carry out external inspections to ensure that the environment is always “difficult” for bad actors.

3. Update security and best practices

• The system is constantly updated: Platforms running on Linux operating systems are always upgraded to apply optimal security measures.
• Continuous monitoring: The system is being monitored, updated and strengthened to combat new threats.

What can you do to protect yourself?

Activate 2-Tier Authentication (2FA) – No words to reject!

• Set 2FA with application or hardware security lock. To add a layer of protection when you log in, create an API key or withdraw money. Hardware locks can also be configured as individual/trade rights.

Account Verification – More security, not too much trouble

• Easy Account Recovery: Unfortunately, if access is lost, verification helps the recovery process more smoothly.
• I’ll withdraw faster:Reduce limits and resolve disputes quickly.
• Anti-Counter Fate: It prevents the bad guys from pretending to be you.

Sets outgoing protection

• White list of withdrawal addresses: Only allow withdrawal to a reliable address.
• Latency for new address: New withdrawal addresses must wait before they are activated.
• Surveillance behavior: IP tracking system and user behavior, warnings when abnormal detection occurs.

Monitor account access

• Login History Test: Please check your login history regularly. If it’s weird, take it straight away.
• Warning settings: Activates notification emails when logging or withdrawing.
• IP Limit: Professional users may restrict access to your account via a static IP.
• Lock your account immediately: If you suspect suspicious activity, you can immediately lock your account by email.

Email Security and Password

• Strong and unique password: Use the Password Manager to create and store complex passwords.
• Activate 2FA for email: Prevent hackers Reset your login information.
• Beware of fraud: Bitfinex never asks for a password. If anyone asks, it’s definitely a scam!

Using AdvancedAPI (for API users)

• Customize API Keys: Sets read/write rights for each function.
• Access Restrictions: Increase security by allowing APIs to be accessed only through whitelisted IPS.
• Safe Use: Use Bitfinex’s REST and WebSockets APIs to check your requirements, such as creating commands, displaying balances, and more.

For more information about API features, please see here.

Learn more about comprehensive security features here.

in short: The best time to secure your account… yesterday. The second good time is Now! It will take a few minutes Check and update your security settings – Because account security is your number one priority.

Safety is your first – protect your account today!

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