{"id":162,"date":"2018-04-28T14:57:25","date_gmt":"2018-04-28T06:57:25","guid":{"rendered":"https:\/\/blockchaininternetspace.com\/?p=162"},"modified":"2024-07-14T08:23:22","modified_gmt":"2024-07-14T08:23:22","slug":"cryptocurrency-exchange-woes-any-standard","status":"publish","type":"post","link":"https:\/\/www.theblockchaininternet.com\/?p=162","title":{"rendered":"Cryptocurrency Exchange Woes, Any Standard?"},"content":{"rendered":"
\"Any
Any Agreement to Standard?<\/figcaption><\/figure>\n

Anyone who is long enough in the cryptocurrency world will discover the hard way that trading cryptocurrencies such as bitcoin happens in an online Wild Wild West where sheriffs are largely absent.<\/p>\n

The SEC says that many of these cryptocurrency exchanges are mainly unregulated and can do whatever they want with your money.<\/p>\n

Some of the freewheeling exchanges are plagued with poor security and lack investor protections common in more regulated financial market.<\/p>\n

Even more popular crypto-exchange like Binance had users recently expressed concern that they could not log into their account.<\/p>\n

Yet, it is not \u200e\u200euncommon for crypto exchanges to be targeted by hackers and a \u200e\u200efailed hacking attempt is always a possibility as well.\u200e<\/p>\n

Though most of those compliants were later verified to be the result of\u00a0 exchange wallet maintenance or technical issues, the lingering fear of exchange being hacked is always there.<\/p>\n

Most traders should seek a platform that uses two-step authentication during login, such as a password and quick-expiring code taken off a cellphone app.<\/p>\n

Even for the better exchanges, customer support is a big issue. It can be “nearly impossible” to get technical or login issues resolved within a few days by the exchange support.<\/p>\n

Besides the above, most traders would prefer to have the following:-<\/p>\n