Most Secure Cryptocurrency Exchanges

The most secure cryptocurrency exchange of 2021 is still Coinbase. But, four other crypto trading platforms are very safe to use as well. Binance, KuCoin, Okex, and Bitfinex all have very good security features for their users and I would feel safe to use any of them.

Several things make a cryptocurrency exchange safe and some of them are not the typical security feature you would think of. I will go through and explain why these crypto exchanges are the top 5 safest on the market.

If you are a larger investor and are looking to invest a lot of money in a secure way I would suggest that you read our guide on the best bitcoin and cryptocurrency otc brokers for buying large amounts of bitcoin.

It’s very important to feel safe while trading cryptocurrency and you should never transfer funds to a new trading platform that you don’t know anything about. I want to mention though, no cryptocurrency exchange is completely safe. There is always a risk of theft when trading on any crypto platform.

The most secure cryptocurrency exchange security features:

  • Regulation and License
  • Digital Asset Storage
  • Size
  • Location
  • Age
  • KYC
  • 2FA
  • Support

Out of all the trading platforms, I will go through today, most of them have several of these important safety features. You must understand why this will keep your funds safe on an exchange and I will do my best to explain in detail.

There will always be some differences between the platforms and you might like one more than the other. I’ve made a cryptocurrency security comparison table for you to compare all 5 exchanges. I would recommend that you spend some time really understanding these platforms before you pick your winner. However, if you are in a hurry, check the comparison table below to pick your favorite.

Safest Crypto and Bitcoin Exchanges Compared

Regulation
Rating
Best for
Trading Fee
Minimum Account
4.21/5
Excellent
Regulated by
FinCEN
0.25%
10$
All Traders
Quick Review
  • Established 2017 United States
  • Type Cryptocurrency Exchange
  • Currencies USD, EUR, CAD
  • Funding Visa, Mastercard, Apple Pay, Cryptocurrency, PayPal, Bank transfer, Gift Card
  • Languages English
  • Restricted countries Afghanistan, Belarus, China, Cuba, Congo, Iran, Islamic Republic of, Iraq
  • Products Cryptocurrency, Futures, ICO
  • Trading platforms Tradingview, Own trading platform Windows + Mac, Mobile App Android
  • Devices Web, Smartphone, Tablet, Desktop
  • Max leverage 125
  • Order types MO – Market Order, LO – Limit Order, PO –
  • Support Live Chat, Email
  • Advanced Trading Platform
  • High Security
  • Earn Cryptocurrency
  • OTC Market
  • Staking
  • Buy Cryptocurrency
Pros

Advanced interface for active crypto traders
Possibility to digital assets
Regulated in the USA by FinCEN

Cons

Relatively new platform
Not very beginner-friendly
The website is lacking a market news source

4.19/5
Excellent
Regulated by
FinCEN
0.10%
1$
Day Traders
Quick Review
  • Established 2018 United States
  • Type Cryptocurrency Exchange
  • Currencies USD, EUR, GBP, AUD, CAD, SGD, HKD, TRY, ZAR, CHF, ILS, PHP, RUB
  • Funding Bank transfer, Visa, Mastercard, ACH, Cryptocurrency, Silvergate Exchange Network(SEN)
  • Languages English, Korean, Japanese, German, French, Dutch, Turkish, Vietnamese, Portuguese, Russian
  • Restricted countries Cuba, Syrian Arab Republic, Korea, Democratic People”s Republic of, Sudan
  • Products Cryptocurrency
  • Trading platforms Webtrader, Tradingview, Mobile App Android + Mac, Own trading platform
  • Devices Smartphone, Desktop, Web, Tablet
  • Max leverage 10
  • Order types SLL – Stop Loss Limit, SM – Stop Market, TSL
  • Support Email, Contact Form
  • Advanced Trading Platform
  • Leverage Trading
  • Real Stop Loss
  • Customisable Interface
  • Trading App
  • High Security
Pros

Available in over 13 different languages
Trade crypto with leverage in the US
Low fee’s and market making rebates

Cons

No live chat
Relatively new platform
No demo account is available

4.16/5
Excellent
Regulated by
FinCEN
0.50%
2$
Investors
Quick Review
  • Established 2012 United States
  • Type Cryptocurrency Exchange
  • Currencies USD, EUR, GBP
  • Funding Mastercard, Visa, Bank transfer, PayPal, SEPA
  • Languages English, German, Spanish, French, Japanese, Italian, Polish, Portuguese, Russian, Turkish
  • Restricted countries Cuba, Haiti, Belize, Saint Lucia, Grenada, Saint Vincent and the
  • Products Cryptocurrency
  • Trading platforms Webtrader, Own trading platform Windows + Mac
  • Devices Desktop, Smartphone, Web, Tablet
  • Max leverage 3
  • Order types MO – Market Order, SM – Stop Market, SL –
  • Support Contact Form, Phone Number, Email
  • High Security
  • Security Of Funds
  • Cold Storage Wallet
  • Fiat Account
  • Beginner Friendly
  • Trading App
Pros

Very safe cryptocurrency exchange
Easy to use
Trusted exchange reputation

Cons

Weak trading platform
Few altcoins
High exchange fees

4.15/5
Excellent
Regulated by
DNB
1.15%
75$
Investors
Quick Review
  • Established 2014 Netherlands
  • Type Cryptocurrency Exchange
  • Currencies EUR
  • Funding iDEAL, SEPA, giropay, Sofort, MyBank, Visa, Mastercard, EPS, Bancontact
  • Languages English, Dutch, German, French, Italian, Spanish
  • Restricted countries Afghanistan, Zimbabwe, Zambia, Yemen, Wallis and Futuna Islands, Virgin Islands
  • Products Cryptocurrency
  • Trading platforms Webtrader
  • Devices Smartphone, Desktop, Web, Tablet
  • Max leverage 1
  • Order types N/A
  • Support Email, Phone Number, Live Chat, Contact Form
  • High Limits
  • Investment Product
  • Veteran Trading Platform
  • Security Of Funds
  • Buy Cryptocurrency
  • Personal Account Manager
Pros

Regulated European cryptocurrency exchange
Beginner-friendly
Possibility for users to recommend which coins should be added next

Cons

Only accepting Euro
Very few coins compared to other exchanges
No technical trading tools

4.14/5
Excellent
Regulated by
FinCEN, FCA, FINTRAC, AUSTRAC
0.26%
1$
All Traders
Quick Review
  • Established 2011 United States
  • Type Cryptocurrency Exchange
  • Currencies USD, EUR, CHF, JPY, GBP, CAD, AUD
  • Funding Visa, Mastercard, Cryptocurrency, Bank transfer, SWIFT, SEPA, Faster Payment System
  • Languages English, Spanish, French, Italian, Portuguese, Russian, Vietnamese, Turkish, Ukrainian, Mandarin
  • Restricted countries Iran, Islamic Republic of, Korea, Democratic People”s Republic of, Syrian
  • Products Cryptocurrency, Indices, Futures, Forex
  • Trading platforms Cryptowatch, Webtrader, Own trading platform Windows + Mac, Tradingview
  • Devices Desktop, Smartphone, Web, Tablet
  • Max leverage 50
  • Order types MO – Market Order, LO – Limit Order, SP –
  • Support Live Chat, Contact Form
  • Staking
  • OTC Market
  • Veteran Trading Platform
  • Cryptowatch
  • Trading App
  • High Security
Pros

Cryptocurrency exchange with high security
Suitable for both beginners and experienced traders
Fully regulated digital asset trading platform

Cons

Poor customer support for entry-level traders
Lack of tool to track trading performance
No rebate on the maker fees

4.13/5
Excellent
Regulated by
FINTRAC, AMF
0.20%
0$
All Traders
Quick Review
  • Established 2017 Canada
  • Type Cryptocurrency Exchange
  • Currencies CAD
  • Funding Bank transfer, Interac e-Transfer, Cryptocurrency
  • Languages English
  • Restricted countries Afghanistan, Zimbabwe, Zambia, Yemen, Wallis and Futuna Islands, Virgin Islands
  • Products Cryptocurrency
  • Trading platforms Webtrader, Own trading platform Windows + Mac, Mobile App Android
  • Devices Web, Smartphone, Tablet, Desktop
  • Max leverage 1
  • Order types MO – Market Order, LO – Limit Order, SO –
  • Support Email, Phone Number, Live Chat
  • Security Of Funds
  • High Limits
  • Instant Deposits
  • OTC Market
  • Advanced Trading Platform
  • Buy Cryptocurrency
Pros

No deposit/withdrawal fees
High limits for large cryptocurrency traders
Cryptocurrency exchange with local Canadian payment methods

Cons

Few payment providers
The platform can only be used by traders living in Canada
No active live chat

4.12/5
Excellent
Regulated by
AUSTRAC
0.25%
20$
Investors
Quick Review
  • Established 2013 Australia
  • Type Cryptocurrency Exchange
  • Currencies AUD
  • Funding PayId, Bank transfer, Cash Deposit (Instant), Cryptocurrency
  • Languages English
  • Restricted countries Afghanistan, Zimbabwe, Zambia, Yemen, Wallis and Futuna Islands, Virgin Islands
  • Products Cryptocurrency
  • Trading platforms Webtrader
  • Devices Web, Tablet, Smartphone, Desktop
  • Max leverage 1
  • Order types N/A
  • Support Phone Number, Live Chat, Contact Form
  • Institutional Trading
  • Veteran Trading Platform
  • Instant Deposits
  • Recurring Crypto Purchase
  • Security Of Funds
  • OTC Market
Pros

Option to buy profitable cryptocurrency portfolios
Local Australian payment method
30 minutes free consultation with an expert

Cons

Live chat is only open during certain opening hours
No trading interface
Few payment methods

4.1/5
Excellent
Regulated by
FMA
0.15%
25$
All Traders
Quick Review
  • Established 2014 Austria
  • Type Cryptocurrency Exchange
  • Currencies USD, EUR, GBP, CHF, TRY
  • Funding Mastercard, Visa, Bank transfer, Neteller, Skrill, iDEAL, Cryptocurrency, Sofort, EPS
  • Languages Spanish, English, French, German, Italian, Polish, Turkish
  • Restricted countries United States, United States Minor Outlying Islands
  • Products Cryptocurrency, Indices, Metals, ETF, Stocks
  • Trading platforms Webtrader, Mobile App Android + Mac, Tradingview
  • Devices Desktop, Smartphone, Tablet, Web
  • Max leverage 1
  • Order types GTT – Good till Time, AT – Allow Taker, MO
  • Support Email, Contact Form
  • Education
  • Trading App
  • Beginner Friendly
  • Security Of Funds
  • Technical Indicators
  • Institutional Trading
Pros

Regulated European cryptocurrency exchange
Very easy to use for beginners including an education center
Several options for beginner and advanced traders

Cons

Poor customer support

4.09/5
Excellent
Regulated by
NYSDFS
0.35%
0.01$
All Traders
Quick Review
  • Established 2014 United States
  • Type Cryptocurrency Exchange
  • Currencies EUR, GBP, USD, AUD, CAD, SGD, HKD
  • Funding Bank transfer, Visa, Mastercard, Maestro
  • Languages English
  • Restricted countries Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde
  • Products Cryptocurrency
  • Trading platforms Tradingview, Webtrader, Mobile App Android + Mac, Own trading platform
  • Devices Tablet, Desktop, Smartphone, Web
  • Max leverage 1
  • Order types MO – Market Order, LO – Limit Order, SO –
  • Support Contact Form, Email
  • Buy Cryptocurrency
  • Institutional Trading
  • Staking
  • Cold Storage Wallet
  • Security Of Funds
  • Trade Alerts
Pros

Great for beginners
New York regulated cryptocurrency exchange
Very high security

Cons

No advanced trading platform for experienced traders
No real stop-loss order
Poor customer support

4.08/5
Excellent
Regulated by
FinCEN, FINTRAC, GFSC
0.25%
20$
All Traders
Quick Review
  • Established 2013 United Kingdom
  • Type Cryptocurrency Exchange
  • Currencies USD, EUR, GBP, RUB
  • Funding Visa, Mastercard, SWIFT, Faster Payment System (FPS), SEPA, QIWI, Skrill
  • Languages English, Russian, Mandarin (Chinese), Italian, Portuguese, Spanish
  • Restricted countries Afghanistan, Bosnia and Herzegovina, Burundi, Central African Republic, Cuba, Korea
  • Products Cryptocurrency, Forex, Stocks, Metals
  • Trading platforms Webtrader, Own trading platform Windows + Mac, Tradingview
  • Devices Desktop, Smartphone, Web, Tablet
  • Max leverage 100
  • Order types MO – Market Order, LO – Limit Order, SL –
  • Support Phone Number, Live Chat
  • Buy Cryptocurrency
  • Veteran Trading Platform
  • Fiat Account
  • Beginner Friendly
  • Margin Trading
  • Staking
Pros

Very easy to use for beginner cryptocurrency investors and traders
Regulated cryptocurrency exchange for extra security and trustworthiness
CEX.IO is a veteran cryptocurrency exchange and has been live since 2013

Cons

Very poor trading interface for day traders and scalpers
Low-quality customer support
Few fiat currencies accepted

4.07/5
Excellent
Regulated by
FinCEN
2%
100$
Investors
Quick Review
  • Established 2013 Ireland
  • Type Cryptocurrency Exchange
  • Currencies USD, EUR, GBP, CAD, AUD, JPY
  • Funding Visa, Mastercard, SEPA, Apple Pay, SWIFT
  • Languages English, Spanish
  • Restricted countries Korea, Democratic People”s Republic of, Cuba, Syrian Arab Republic, Iran
  • Products Cryptocurrency
  • Trading platforms Webtrader
  • Devices Web, Desktop
  • Max leverage 1
  • Order types
  • Support Phone Number, Contact Form, Email
  • Buy Cryptocurrency
  • Veteran Trading Platform
  • High Limits
  • Instant Deposits
  • Fast Account Verification
  • Altcoins
Pros

Very user-friendly and well suited for beginners
Regulated in the US as a Money Service Business (MSB)
High spending limits for large traders

Cons

No mobile app for either trading or investing
No short-term trading available
No crypto wallet available, you are in charge of your own wallets

4.06/5
Excellent
Regulated by
FSA
0.30%
10$
All Traders
Quick Review
  • Established 2014 Japan
  • Type Cryptocurrency Exchange
  • Currencies AED, ARS, AUD, BDT, BGN, BHD, BMD, BND, BRL, BTN, CAD, CHF, CLP, CNY, COP…
  • Funding Cryptocurrency, Visa, SEPA, SWIFT
  • Languages English, Spanish, Russian, Vietnamese, Japanese, Mandarin (Chinese)
  • Restricted countries Japan, United States, United States Minor Outlying Islands
  • Products Cryptocurrency, Derivatives
  • Trading platforms Tradingview, Own trading platform Windows + Mac, Webtrader
  • Devices Desktop, Smartphone, Web, Tablet
  • Max leverage 100
  • Order types TSL – Trailing Stop Loss, SL – Stop Loss, TP
  • Support Email, Contact Form, Live Chat
  • Fast Withdrawals
  • Veteran Trading Platform
  • High Security
  • Cryptowatch
  • Performance Analytics
  • Real Stop Loss
Pros

Regulated by the Japanese Financial Service Agency (FSA)
Great security with built-in cold wallet storage
Veteran cryptocurrency exchange with high trustworthiness

Cons

Very slow live chat
Very few payment providers for fiat currencies
Not available in the United States

4.05/5
Excellent
Regulated by
FINTRAC
0.30%
50$
Investors
Quick Review
  • Established 2017 Canada
  • Type Cryptocurrency Exchange
  • Currencies CAD
  • Funding Interac e-Transfer, Bank transfer, Visa, Mastercard, Cryptocurrency
  • Languages English
  • Restricted countries Yemen, Wallis and Futuna Islands, Virgin Islands, U.S., Virgin Islands
  • Products Cryptocurrency
  • Trading platforms Webtrader, Mobile App Android + Mac
  • Devices Smartphone, Web, Tablet, Desktop
  • Max leverage 1
  • Order types MO – Market Order, LO – Limit Order
  • Support Email, Contact Form
  • High Security
  • Recurring Crypto Purchase
  • Education
  • Buy Cryptocurrency
  • Fiat Account
  • Cold Storage Wallet
Pros

Regulated Canadian crypto exchange
Buy Bitcoin instantly with fiat
0% Fee’s for CAD deposits

Cons

No interface for day trading
No active live chat
Few altcoins available

What is the most secure Crypto exchange?

Coinbase is still the safest crypto exchange to use out of all centralized trading platforms.

The reason is that Coinbase is regulated and licensed as a Money Transmission Service, MTS.

In short, this means that for every dollar you deposit on the exchange, there are backup funds in case of any theft or security breaches.

So if your coins get stolen from Coinbase, they will refund you with the funds they have kept in storage.


Now, let’s take a look at why Coinbase is such a safe and secure cryptocurrency exchange.

As I mentioned, Coinbase is regulated as a Money Transmission Service.

This is taken from the Coinbase exchange itself.

crypto exchange security on coinbase

But what is a Money Transmission Service?

An MTS is a business that is dealing with money transfers and money transmitting in general.

By regulation, they are required to have security bonds ranging from 25,000$ up to several million depending on the size of the organization.


When it comes to cash balances, Coinbase is storing its customer funds in actual bank deposits and treasury bonds.

For clients outside of the US, the cash deposits are held in custodial accounts.

Check out what the exchange is saying about this.

security on coinbase cryptocurrency exchange

In my opinion, this makes Coinbase the safest cryptocurrency exchange of 2021.

I can’t see how any other exchange could compete with this right now.

There are plenty of centralized crypto platforms that have very good security measures, but Coinbase takes things just a little further.


One more thing that Coinbase is doing very well is how they are handling Digital Asset Storage.

98% of the digital currencies on the exchange are held in offline or cold storage.

This is another security layer to protect your deposited funds and your cryptocurrencies on the trading platform.

Take a look at what the exchange is saying about it.

digital currency security on cryptocurrency exchange coinbase

So far, Coinbase has never been hacked and I can really see why.

If someone were to try to steal funds from a cryptocurrency trading platform, they would target someone with weaker security.

To penetrate these security features you need to be a next-level criminal.

What is the safest crypto exchange?

I’ve already mentioned that Coinbase is coming in as number one on the list of the most secure cryptocurrency exchanges.

But what about the other platforms?

Are there no crypto trading platforms that have good security?

Yes, of course, there are.

I’m going to mention some of the most secure crypto exchanges I know of in 2021.

Which Crypto Exchange is the safest?

  1. Coinbase
  2. Binance
  3. KuCoin
  4. Okex
  5. Bitfinex

The other trading platforms might not have the sophisticated regulation and license as Coinbase but they do offer some extra layers of security.

For example, all of these exchanges have a 2FA system to protect your accounts from getting hacked.

As we know, the biggest reason for getting hacked is because your email gets hacked.

That way, hackers can steal your personal info and log in to your account and steal your funds.

However, if you apply a 2FA security verification with your mobile phone, the hackers would need to steal your phone as well to even log in to your account.


Another thing you can do to secure your account is to apply so-called “withdrawal addresses” to your account.

This basically means that you will only be able to withdraw money to certain wallet addresses.

So if a hacker takes control over your account he is only able to send funds to your own wallets.

Pretty cool right.

I would definitely recommend that you apply this security feature before you start sending cryptocurrencies or depositing money into your account.

So, you can see how this would benefit your crypto account’s security.

Coinbase

coinbase crypto exchange security

As mentioned, Coinbase is regulated and licensed in the US and this is a very good reason to use this trading platform.

I feel very safe when I’m trading here and I always recommend new traders to start here if they don’t know where to begin.

The fact that Coinbase keeps 98% of the digital assets in cold storage is a huge plus.

The reason most people don’t know about this is that when they deposit money to the platform and start trading, they only have access to the hot wallet address.

The exchange will not give out the private keys for the cold storage.


Another thing that makes this platform very safe to use is the size.

This is the about page on the platform.

coinbase security crypto exchange

Size doesn’t come just like that.

There has to be some level of trust for a crypto exchange to reach 30 million users.

To me, this says a lot about how Coinbase is treating its clients and how trusted they are.

I would much rather trade on a trusted platform with less functionality than a new hyped exchange.


Crypto exchange support is security as well but most traders don’t really understand why.

To trade on a platform with good support can make a huge difference.

If your account gets compromised, you want to be able to talk to a representative about the issue and have your account locked.

If your trading platform has good support they can get in contact with a supervisor or a manager to temporarily suspend your account.

Does Coinbase have KYC?

Yes, Coinbase has a strict KYC policy to protect your account.

KYC and Customer support go hand in hand.

coinbase KYC security

If your account gets hacked and you contact support to suspend the account you are the only person who can send in the correct KYC documents.

So thank Coinbase next time you have to spend 15 minutes with the KYC documents.

It’s definitely worth it.

Is Coinbase safe?

Yes. Coinbase is one of the safest cryptocurrency exchanges operating today.

If I would recommend one trading platform for anyone starting, it would be Coinbase.

Coinbase has all the deep security features needed to protect your digital assets.

They also have the proper security to help you protect your account.

For example, 2FA verification.

The 2FA verification is something that you need to activate on your account.

It’s an extra layer of protection to your account and it should be activated from day 1.

How it works is simple.

You will have a code on your mobile phone that you type in when you log in.

It looks like this.

2fa verification on coinbase

This helps you because for hackers to enter your account they need to steal your phone as well.

It’s a very simple but good security feature on Coinbase.

If you want to learn more about this platform, kindly check out our Coinbase review.

Binance

cryptocurrency security on binance

Binance is not only a crypto exchange.

It’s a brand name that stretches out in many parts of the world.

Binance Singapore and Binance Jersey etc.

All brand names are regulated in their own jurisdiction and this makes them licensed in the area they operate.


Second, to Coinbase, I would say that Binance is also one of the safest cryptocurrency platforms today.

With over 15 million users Binance is climbing the trust ladder very rapidly.

This is also something that creates trust by other traders.

If you know your friends are trading on a specific platform, you feel safer trying it out.

Binance has really got a reputation as a safe exchange.

How does Binance store digital assets?

The exchange is only 3 years old and they have reached this level of trust already.

That’s very impressive.

I can’t wait to see how Binance is doing in 5 years or more.

But what makes Binance stand out when it comes to security.

Well first of all it’s a huge centralized exchange.

They also keep your digital assets in cold storage.

You don’t know it because you only have access to the public key of your wallet address.

You never get to see what’s under the surface.

This is what the Binance support has to say about this.

binance cryptocurrency exchange security

Another thing to mention is the KYC and the Support agents on Binance.

When you send in your KYC documents you know that only can re-send the same documents if your account gets hacked.

This is where the super-fast support on Binance will come in very handy.

The live chat is very fast and they will reply to you in less than 1 minute.

This creates even more trust.

Is Binance safe?

Yes. Binance is very safe.

No crypto trading site is completely safe but Binance definitely stands out a little bit.

You have the option to use a Trust Wallet when trading on the exchange.

trust wallet on binance exchange

This is a third-party wallet that will put you in control of your own coins.

When you used Trust Wallet you can trade on Binance but with your own wallet.

You are in control of storage and all the wallet keys.

For some people, this is the better option because if you can keep track of your own keys and keep the coins in Cold storage you are better off with this option.


Binance also lets you activate a 2FA verification code before you log in.

I would recommend that everyone activates this from day one when they start.

This is an extra security feature that will protect your account from getting hacked because, to steal your account, hackers first have to steal your phone.

This is highly unlikely.

It’s very easy to apply the 2FA and can be done on your account page.

binance cryptocurrency exchange 2fa security

You can either choose the YbiKey or the google authenticator.

Overall, Binance is very safe to use.

It has a reputation, size, and several of the most important security features.

I feel very safe trading on Binance.

You can find more in-depth information about Binance under our Binance review.

KuCoin

kucoin most secure cryptocurrency exchange

KuCoin is another very safe cryptocurrency exchange.

They are not regulated like Coinbase and Binance, which are the two exceptions in the crypto space.

So don’t take for granted that a cryptocurrency exchange will be regulated, it’s rare.

However, KuCoin will protect your funds to the best of its abilities through disciplined KYC procedures, 2FA verification codes, and Anti Money Laundering policies.

KuCoin also has a live chat where you can contact a support agent straight away if something were to happen.

I was chatting with a support agent on KuCoin and they told me that they are using both Cold and Hot storage for your funds.

This means that they have bigger cold storage for your deposits and a smaller hot wallet for the trading assets in your account.

The hot wallet is the wallet address that you send your funds to on the exchange.

Does KuCoin have AML?

Regarding the Anti Money Laundering policies, there is usually some confusion about this.

How it works is very simple but you might not know about it.

When you are trading on KuCoin, you have a specific trading pattern.

You buy or sell.

Sometimes you might short a coin.

This is all normal.

But if someone were to enter the trading platform and started executing very strange trades in a very weird pattern, they would be flagged by the AML system.

It can detect suspicious trading activity.

When this happens your account is temporarily suspended and you are asked to send in your KYC documents.

That’s very good for both the exchange and you as a trader.

You don’t want to be trading against a robot or any other shady bot.

Is KuCoin safe?

I regard KuCoin as a very safe crypto trading platform.

Here is a quick look at the Account Security page on KuCoin.

account security page on KuCoin

Here you can activate:

  • 2FA
  • Email verification
  • Restricted IP Login
  • Anti-Phishing Safety Phrase.

This is why I recommend new traders to try it out before they end up on some new hyped exchange.

It’s so easy to make your account safer in a few clicks.


Did you know that 1 out of 4 traders has an account on KuCoin?

kucoin security page

That tells me something about their reputation.

There is also a lot of trust in big numbers.

If there are a lot of traders using one platform without any problems, you should consider giving it a try.

Over 5 million traders are actively trading on KuCoin.

This is a very healthy sign for the security of a cryptocurrency exchange.

Check out our Kucoin review for more information.

Okex

okex most secure cryptocurrency exchange

Ok, let’s take a look at how Okex will protect your account and coins.

Okex is also a safe crypto exchange and it has a very good reputation among traders.

Today they have over 20 million traders on the platform from all over the world.

This is a very large exchange and just by knowing that I can tell that they have some serious security features for your stored coins.

To start with, they have your digital assets in cold storage outside of the exchange.

So there is no risk of theft while you keep them on the platform.

security of funds on Okex

Of course, Okex has the standard KYC and 2FA verification systems.

I would suggest any trader activate the 2FA verification code immediately from day one when you register on Okex.

It’s one of the easiest ways to protect your funds from hackers that might steal your email first.

All customers on Okex are asked to fill out the KYC forms before they start trading.

This is to protect your account in case of any theft.

If your account gets suspended, you are the only one who can send in the right document to regain control over the account.

Is Okex safe?

Yes, Okex is a very safe cryptocurrency exchange.

It is also one of the largest exchanges in the world.

Okex has Hot and Cold storage for your digital assets but the only keys you will get are to the hot wallet to your account.

The rest is hidden under the surface.


Okex also has a designated page for account security where you can add a few extra layers of security.

security page on okex

You have the option to add:

  • KYC
  • Email verification
  • Anti-Phising Code
  • Mobile verification

The more KYC documents you send in the more secure your account will be on Okex.

You will get more privileges with higher verification levels.

Is Okex regulated?

Okex is registered in Malta and is connected to its regulatory framework.

Binance has the same framework since they are also connected to Malta.

Their contract address is however registered in Seychelles but I could not find more information about this.

It’s not very common for a crypto exchange to be regulated so it’s a bonus for Okex.

To learn more about this platform we advise you to look at our Okex review.

Bitfinex

bitfinex safest crypto exchange

Bitfinex is another very safe crypto platform.

They have a very advanced DDoS protection system that makes sure their servers are never going down.

This will save the traders if someone is trying to attack this part of the organization.

Bitfinex also has a very good system of how they store the customer’s digital assets.

The assets that you trade on the platform are only 0.5% of their total pool of deposited funds.

The rest is kept outside of the exchange.

They are keeping 99.5% of user’s funds in offline storage, or cold storage.

bitfinex security

Does Bitfinex have 2FA?

Yes, Bitfinex has 2FA verification available for every trading account.

In fact, they have very good individual user security.

Every time you log in from a different IP address you are asked to verify your login on your email.

This is very good.

Even though I have to click this bloody button every time I go to the office or if I change to my 4G network on my mobile phone I’m happy they have it.

Because if someone were to steal my account and tried to log in with the correct username and password, they would not get past my email.

Here is a snapshot of the exchange and what they say about their individual security.

How will Bitfinex protect my account?

You will even get an email from the exchange every time you log in to your account.

This way you will be able to detect if someone is trying to scam you.

You can also choose to shut down the session after 30 minutes of inactivity.

That’s pretty good if you are not used to logging out yourself.

Here is another takeout from the Individual user security

The best part about this security is that your withdrawals will get locked for 24h hours every time you change the IP address.

This will give buy you enough time to contact a customer support agent to suspend your account before you can send in your KYC documents.

Is Bitfinex safe?

Yes, Bitfinex is a secure crypto exchange.

They are not regulated but that’s not very common for a cryptocurrency trading platform.

I would recommend any new trader to try this exchange out.

But before you start trading, make sure you activate all the security features they have to offer.

At least use the 2FA verification code.

We also have more information about Bitfinex under our Bitfinex review.

Conclusion

This review is meant to help you find a secure crypto exchange.

All of these trading platforms are a little different when it comes to safety.

Some of them are regulated in their jurisdiction and that’s a plus for any cryptocurrency platform.

They all stand out because they have their own special features when it comes to safety.

I suggest that you read through the whole review before you pick a winner.

If you are in a rush to start trading, take a look at the comparison table at the top.

Today Coinbase I the most secure Crypto Exchange with regulation as a money transmission service.

The top 5 list of safest cryptocurrency exchanges is, Coinbase, Binance, KuCoin, Okex, and Bitfinex.

Yes, Binance is very safe to use.