fieldengineer

Security is indeed more important for a cryptocurrency exchange than a visually appealing User Interface and advanced features. Let’s explore some of the essential security features of a cryptocurrency exchange script.

A crypto exchange should have both a hot and a cold wallet so that users can store funds both online and offline, depending on their needs. Integration of real-time risk monitoring is necessary to detect activities such as suspicious withdrawal, multiple login attempts, unusual API usage, and volume manipulation.

Strong authentication methods like two-factor authentication, CAPTCHA, and IP whitelisting are important for verifying legitimate users. DDoS and bot protection prevent unnecessary attacks. Withdrawal safety features like manual/auto withdrawal approvals, daily withdrawal limits, and time-delay withdrawals help users withdraw their assets safely.