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Startups aiming to build a crypto exchange must prioritize security from day one, as it directly impacts user trust and platform success. The first step is implementing strong authentication methods like two-factor authentication (2FA), biometric logins, and multi-signature wallets to secure user accounts. Using advanced encryption protocols for sensitive data and ensuring all APIs are safeguarded against breaches is also essential. Additionally, exchanges should adopt cold storage solutions to protect the majority of funds from online threats. Regular third-party security audits, penetration testing, and compliance with global KYC/AML standards further strengthen the platform’s defenses.
Startups must also establish real-time monitoring systems to detect suspicious activity early. By combining these practices, they can create a robust, hacker-resistant exchange. For those seeking expert guidance, Osiz, a leading Cryptocurrency exchange development company, provides secure, scalable, and regulation-compliant exchange solutions tailored to startup needs.