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Why security is an important factor in crypto trading

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Crypto trading platforms have become increasingly popular over the past few years. These platforms allow users to trade cryptocurrencies using their own funds. However, these platforms are not regulated by any government agency. As a result, they do not follow any established security and privacy guidelines. Moreover, many of them are vulnerable to hacking attacks. But with new platforms like bitdaddy,

1. Security risks are preventable: The biggest risk associated with cryptocurrency trading is the potential loss of personal information. Hackers can access user accounts and steal sensitive data such as bank account numbers, social security numbers, credit card details, etc. Once hackers gain access to your personal information, they could use it to drain your bank account or make fraudulent purchases. . bitdaddy created a 2-step verification process that generates a one-time password that expires in 30 seconds.

2. Privacy Settings: Another major concern is the lack of transparency surrounding the policies and practices of the trading platform. Many platforms do not disclose how they process customer information. Therefore, users cannot determine whether their private information is properly protected or not. bitdaddy does not require traders to share private information before trading.

3. Loss of funds: One of the worst things that can happen to merchants is losing money due to fraud or technical issues. If you lose your funds, you will need to contact the company’s customer service. Unfortunately, some companies do not offer refunds or refunds. On the contrary, bitdaddy has created a system that makes it almost impossible to lose funds while trading.

4. Risky trades: Some exchanges are riskier than others. The best way to identify a safe exchange is to look at reviews written by other customers. You should avoid exchanges that have received negative reviews from other users. bitdaddy provides traders with credit ratings of their counterparts in advance, this way traders can assess the risk level of the exchange.

5. Bad customer service: Customer service is another area where many exchanges fail. If there is a problem, you should expect a response within 24 hours. If you do not receive a response within this time, you should consider contacting the Better Business Bureau (BBB). bitdaddy offers 24/7 customer service and has a telegram group where customers can get all the assistance they need.

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