Top Crypto Exchanges Ranked by Safety

The crypto space is vast and it comes with a lot of volatility and security risks. These risks cannot be eliminated but they can be greatly reduced if people opt for crypto exchanges that prioritize their security above all else.

Choosing a secure exchange will help you focus more on your investing or trading activities with minimum concerns regarding safety.

Crypto Exchanges Ranking List

In this article, we will list down some of the top-ranked crypto exchanges that are known for the high security they offer.

Binance Exchange

Binance is the world’s largest and most prominent cryptocurrency exchange. It has gained undeniable recognition, thanks to several outstanding features it offers.

One of its highlighting attributes is the level of security, which is unlike any other. The Binance exchange is one of the safest platforms in the industry, thanks to the implementation of cutting-edge security protocols such as:

  • Artificial Intelligence (A.I.) monitoring
  • Two-factor authentication (2FA) login
  • Forensics monitoring
  • Notifications for uncommon account activity
  • Biometric logins
  • Cold wallet storage

In other words, Binance is one of the top crypto exchanges to use if it suits all your needs and trading requirements. You can read our detailed Binance review to know more about the exchange.

Bybit Exchange

Launched in 2018, Bybit is one of the best and safest crypto exchanges you can use if it ticks all the right boxes for you.

In terms of safety, Bybit takes the security of its users’ funds and information very seriously. The security offered by the exchange has never been compromised. The exchange makes use of advanced technologies such as cold wallet storage and KYC (know your customer) verification to protect the platform from any kind of cyber threat or failure. Read our detailed Bybit review to know more about it.

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Gemini Exchange

Gemini is one of the US-based crypto exchanges, established in 2014. It is an ideal crypto platform for investors and traders, experienced and inexperienced alike. The platform is also one of the top crypto exchanges you will come across in terms of safety.

The Gemini exchange is one of the safest platforms as it uses leading-edge security systems and is a fully licensed and regulated exchange.

The security of the platform has never been breached. This cryptocurrency exchange has also passed the SOC 2 Type 1 Test. This means that the exchange meets the highest security standards and keeps all financial and private data of the users secure.

To know more details about what Gemini exchange has to offer, you can read our detailed Gemini review.

Kraken Exchange

If you reside in the States then Kraken is yet another popular name you are likely to come across. Established in 2011, Kraken is one of the safest, oldest, and largest cryptocurrency exchanges in the industry and has made a name for itself on a global scale.

There are several reasons why you can opt for Kraken, which include its low fee structure, support for crypto staking, margin trading, and availability of advanced safety protocols.

The Kraken exchange uses advanced cybersecurity tools and technologies that have protected its users’ funds and information from cyber-attacks.

Here are some of the best security protocols used by the platform.

  • Use of cold wallet storage
  • Kraken Master Key
  • Two-factor Authentication (2FA)
  • Global Settings Lock (GSL)
  • Know your Customer (KYC) verification

The high-end security offered by the exchange is further validated by the fact that it is regulated by FINTRAC in Canada and FinCEN in the USA.

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Coinbase Exchange

Coinbase is a remarkable cryptocurrency exchange and is among the largest ones in the world. The platform hosts more than 43 million verified users and extends its services to more than 100 countries around the globe.

Apart from being an exceptional platform for new and experienced traders alike, Coinbase exchange also prioritizes the safety of the users.

It is a fully licensed and regulated crypto exchange and uses top-of-the-line security systems such as two-factor authentication (2FA) system for logins.

Key Takeaways!

Several top crypto exchanges are popular for the level of safety they offer. The crypto platforms mentioned above are some of the best ones you can opt for considering they offer the utmost security to all users. However, before you opt for an exchange, make sure you take a look at other features offered by these platforms and make an informed decision.

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