Protect your crypto assets: The ultimate security checklist for Bitfinex Traders

March 20th Protect your crypto assets: The ultimate security checklist for Bitfinex Traders

In addition to the convenient trading experience,Don’t worry transactions are also very important. Bitfinex places great importance on security.Protect your accounts and funds. Whether you’re an experienced trader or a beginner, taking the necessary security measures can help you protect your money from cyber threats and phishing attacks.

How Bitfinex keeps your account secure

1. Cold Wallet and Multi-Tier Security

• Cold Wallet:Store 99.5% of your user funds in an offline, multi-signature cold wallet, significantly reducing the risk of cyber threats.
• Hot Wallet:Just 0.5% of all funds are deposited to maintain daily platform operations.
• Multi Signature Security:A cold wallet must approve all transactions through three administrators scattered around the world who hold hardware security modules.

2. Prevent cyber threats and fraud

• DDOS Protection:Our platform features smart load balancing and immediate malicious traffic detection to ensure proper operation even during high-risk events.
• Artificial Intelligence Driven Fraud Surveillance:Use advanced systems to detect abnormal activity and block unauthorized access.
• Regular security audits:Our security team conducts routine external security audits to maintain a secure environment that is fundamentally protected from potential intrusions.

3. Safety upgrades and best measurements

• The latest system: Always host your platform with the latest Linux systems to ensure the best security practices are protected.
• Continuous monitoring:Continuously monitor, update and enhance our platform to address emerging cyber threats.

How to make sure your account is secure

Set up two-factor authentication (2FA) – Essential safety measures!

• Configure two-factor authentication for hardware or software.When you enable 2-factor authentication, you will be added to your account and when you create an API key and submit a withdrawal request. Supports 2FA applications and entity security keys. Additionally, entity keys can be configured with withdrawals and transaction authorizations.

Check your account – check for safer and more troublesome

• It’s easier to recover your account:Losing account permissions allows validated accounts to speed up the processing process.
• Reduce withdrawal restrictions:Accelerate account owner verification and reduce limits.
• Prevent theft:Verified accounts can prevent your account from impersonating malicious people.

Sets outgoing protection

• Sets a whitelist of withdrawal addresses.Searches can only be made to trusted withdrawal addresses.
• I can’t withdraw money to a new address immediately:Withdrawal to a new exit address will be required as an additional security measure for a while.
• Account activity tracking:Our security systems monitor withdrawals via IP address and account activity, and unusual activity triggers manual reviews.

Take a close look at your account access

• Check your login history periodically:Please check your login history regularly. If you have an abnormal login, take action immediately.
• Set reminder notifications:Set login and drawer letters to important emails.
• IP address limit:For advanced users using static IP addresses, access accounts with only certain IP addresses will be restricted to prevent unauthorized logins.
• Account Freeze Now:If you find any unusual activity, you can contact Bitfinex Customer Service via email and freeze your account immediately.

Protect your mailbox and password

• Use a unique and strong password.Use the Password Manager to generate and store complex passwords.
• Set 2FA for the mailbox:It will prevent malicious people from changing your login information.
• Beware of fraud:Bitfinex does not require a password. If anyone does, it’s a scam.

Use advanced API key permissions (for API users)

• Custom API Key:Set advanced read/write permissions for a specific function.
• Access Restrictions:API key settings can only be accessed through whitelisted IP addresses, providing greater security for automated transactions or integrations.
• Safe Use:Use your private key to securely send requests, such as setting up orders, displaying balances, and more through Bitfinex’s REST and WebSockets API features.

For more information about API features, see here.

For more information about our comprehensive safety measures, please see here.

When is the best time to secure your account?yesterday.What is your next best time?now!It will take a few minutesCheck and update your security settings!

Your safety is our number one priority!