{"id":3120,"date":"2019-08-21T10:59:31","date_gmt":"2019-08-21T10:59:31","guid":{"rendered":"https:\/\/www.antiersolutions.com\/?p=3120"},"modified":"2019-08-21T10:59:31","modified_gmt":"2019-08-21T10:59:31","slug":"how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software","status":"publish","type":"post","link":"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/","title":{"rendered":"Strengthening the Security Measures of Your White Label Cryptocurrency Exchange Software","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n<p>A cryptocurrency exchange is an online platform where users buy, sell or trade cryptocurrencies. Exchanges have two major things to handle \u2013 users\u2019 funds and users\u2019 data. The privacy and security of both should be ensured by every exchange platform.<\/p>\n\n\n\n<p>Given a large amount of users\u2019 funds stored on a cryptocurrency exchange, it is a luring target for cybercriminals. The number of cryptocurrency exchange hacks got doubled in 2018 \u2013recording 6 incidents of security hacks compared to 3 in 2017. Furthermore, the amount of crypto assets being hacked got multiplied by 13 times, according to a report by Coindesk. Besides, over 7 crypto exchange hacks have been reported so far in 2019, the most severe being Binance attack, which resulted in a loss of $40 million worth of Bitcoins.<\/p>\n\n\n\n<p>All these incidents lead to an indispensable need for multi-layer security to mitigate security risks associated with an exchange.<\/p>\n\n\n\n<p>If you are planning to build your crypto exchange, whether from ground zero or simply <strong><a href=\"https:\/\/www.antiersolutions.com\/cryptocurrency-exchange-development-company\/\">white<\/a><\/strong> <strong><a href=\"https:\/\/www.antiersolutions.com\/cryptocurrency-exchange-development-company\/\">label cryptocurrency exchange software<\/a>, <\/strong>make sure to reinforce it with the right security features to allay the chances of security hacks.<\/p>\n\n\n\n<p><strong>How to mitigate the security risks of your crypto exchange?<\/strong><\/p>\n\n\n\n<p>Integrating the following features into your cryptocurrency exchange can help you enhance the security of exchange while limiting the vulnerabilities associated with it.<\/p>\n\n\n\n<p><strong>Two-factor authentication <\/strong><\/p>\n\n\n\n<p>Two-factor authentication, also referred to as 2FA, is a two-step verification process or dual-factor authentication. It requires users to prove their identity by inserting credentials which they receive on different channels \u2013 on their registered email address and phone. This ensures authenticated access to a user account on a cryptocurrency exchange. Two-factor authentication is better than single-factor authentication as the former provides an additional layer of security. Integrate your white label cryptocurrency exchange software with 2FA to enhance its security.<\/p>\n\n\n\n<p><strong>KYC verification<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.antiersolutions.com\/why-kyc-and-aml-so-important-in-cryptocurrency-exchange-development\/\"><strong>KYC (Know Your Customer)<\/strong><\/a> is a process to verify the user\u2019s identity and address. This helps ensure legitimate access to an exchange while warding off any illegal intentions of hackers. Ensure to have a geography-based KYC verification process in place to reinforce the security of your cryptocurrency exchange.<\/p>\n\n\n\n<p><strong>Integration of a secure wallet <\/strong><\/p>\n\n\n\n<p>The wallet integrated into a crypto exchange holds users\u2019 funds, thus ensuring its high-level security is of paramount importance. To enhance the security of a wallet, various security features can be leveraged, such as multisig, biometric authentication, setting a limit for fund withdrawal, and more. A crypto exchange underpinned by a secure wallet is less vulnerable to hacks and drives secure transactions.<\/p>\n\n\n\n<p><strong>SSL encryption<\/strong><\/p>\n\n\n\n<p>SSL (Secure Sockets Layer) is a security protocol that develops a secure channel between two operating machines over the internet. SSL protocol is typically used to secure and encrypt the message. For any white label cryptocurrency exchange software or a non-white label exchange, anonymity and security are the main concerns. Make sure to run all of your website traffic over encrypted SSL (https).<\/p>\n\n\n\n<p><strong>Cookies <\/strong><\/p>\n\n\n\n<p>Cookies validate the identity of users as they browse from page to page. Underpinning your crypto exchange with cookies will help you recognize the IP address of the device from which your users log in. If a user logs in from a new device, he\/she will be prompted to authorize the device before being able to gain access to an account. This helps ensure authorized user access to your crypto exchange.<\/p>\n\n\n\n<p><strong>Take Away<\/strong><\/p>\n\n\n\n<p>Security is of the utmost importance when building a cryptocurrency exchange. Secure white label cryptocurrency exchange software is not only able to build credibility but also acquires more number of users. So, fortify your exchange with the right security features, and of course the features that contribute to world-class user experience, to gain an essential competitive edge.<\/p>\n\n\n\n<p>If you are new to the cryptocurrency development world, you can always seek the assistance of an experienced cryptocurrency exchange development company. A reliable company can guide you throughout the development process \u2013 from choosing the right technology to the right security features, and more \u2013 steering your development journey towards success.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>A cryptocurrency exchange is an online platform where users buy, sell or<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1,"featured_media":8565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1495],"tags":[97,96,1494],"class_list":["post-3120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-white-label-exchange","tag-white-label-crypto-exchange","tag-white-label-cryptocurrency-exchange","tag-white-label-cryptocurrency-exchange-software"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Fortify the Security of your White Label Cryptocurrency Exchange Software<\/title>\n<meta name=\"description\" content=\"Growth in exchange development has boosted the usage of Bitcoin exchange website script. Here\u2019s why you should build a cryptocurrency exchange with Bitcoin exchange website script.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Fortify the Security of your White Label Cryptocurrency Exchange Software\" \/>\n<meta property=\"og:description\" content=\"Growth in exchange development has boosted the usage of Bitcoin exchange website script. Here\u2019s why you should build a cryptocurrency exchange with Bitcoin exchange website script.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/\" \/>\n<meta property=\"og:site_name\" content=\"Antier Solutions\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiersolutions\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-21T10:59:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.antiersolutions.com\/blogs\/wp-content\/uploads\/2019\/08\/Build-a-cryptocurrency-exchange-with-Bitcoin-exchange-website-script.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"930\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Antier Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@antiersolutions\" \/>\n<meta name=\"twitter:site\" content=\"@antiersolutions\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Antier Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/\"},\"author\":{\"name\":\"Antier Team\",\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/#\/schema\/person\/2a0b462f1fcbeb315639b1f86b4d225a\"},\"headline\":\"Strengthening the Security Measures of Your White Label Cryptocurrency Exchange Software\",\"datePublished\":\"2019-08-21T10:59:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/\"},\"wordCount\":666,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.antiersolutions.com\/blogs\/wp-content\/uploads\/2019\/08\/Build-a-cryptocurrency-exchange-with-Bitcoin-exchange-website-script.jpg\",\"keywords\":[\"White Label Crypto Exchange\",\"White Label Cryptocurrency Exchange\",\"White-label cryptocurrency exchange software\"],\"articleSection\":[\"White Label Exchange\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/\",\"url\":\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/\",\"name\":\"How to Fortify the Security of your White Label Cryptocurrency Exchange Software\",\"isPartOf\":{\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/how-to-fortify-the-security-of-your-white-label-cryptocurrency-exchange-software\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.antiersolutions.com\/blogs\/wp-content\/uploads\/2019\/08\/Build-a-cryptocurrency-exchange-with-Bitcoin-exchange-website-script.jpg\",\"datePublished\":\"2019-08-21T10:59:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.antiersolutions.com\/blogs\/#\/schema\/person\/2a0b462f1fcbeb315639b1f86b4d225a\"},\"description\":\"Growth in exchange development has boosted the usage of Bitcoin exchange website script. 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