Top 4 Safest Crypto Exchanges In 2023

The widespread acceptance of cryptocurrencies has led to the emergence of several crypto exchanges. Each exchange offers different varieties of assets. They also provide fee structure, trading pairs, and funding methods. However, security is the most important factor every crypto exchange must provide. 

The market cap of every digital asset is increasing every year. Therefore, it is critical to make sure that your digital assets are protected. Crypto exchanges must offer top-grade security to their customers. Recently, crypto exchanges are more secure than before. Investors always look for safe and fast crypto exchanges. Here are the top 5 crypto exchanges ideal for investors. 

  • eToro

eToro is one of the pioneers in the crypto industry with a well-established service history. eToro was released in 2007 and is considered to be a reliable online investment organization. In a short time, it could enjoy growth and provide exposure to cryptocurrencies, ETFs, commodities, and stocks. It offers many digital assets under a single roof, allowing you to blend all your investments in a single place. Along with focusing on equities, this crypto exchange is well-known for crypto investments and trading. The US customers get real crypto coins from eToro. 

  • Coinbase

Coinbase is known to be one of the largest crypto exchanges all around the world. It is also popular for the security it offers to the customers. About 99% of the digital assets of the users of Coinbase will be stored in offline cold storage. The exchange sends a text message in which there will be a code to validate your phone number. They offer mandatory two-factor authentication for every account to ensure the safety of the account. As it is a publicly traded establishment, Coinbase has undergone many additional security and financial tests. If you wish to delete your account, this platform allows users to request all the information they submitted. You may also request to delete all your information from the Coinbase server. Coinbase can earn additional points for discarding and handling the personal information of the users properly. 

  • Gemini

Gemini is considered to be the safest crypto exchange around the world. The platform has to undergo frequent bank tests and follows strict cyber security regulations under the New York Department of Financial Services. It is the first custodian and crypto exchange in the world to complete SOC 1 Type 2 and SOC 2 Type 2 exams to get an ISO 27001 certification. Most of the cryptocurrencies of Gemini are stored offline in a cold storage system. Some amount of it is held in hot wallets for transaction purposes, however, it will be insured. The platform also offers hardware security keys and two-factor authentication for personal security.

  • Kraken

Kraken offers the same amount of safety as Gemini. They follow financial regulations in the UK, Australia, Canada, the US, etc. It was launched in 2011, and since then, no reports of hacking have ever occurred. The platform has a strong security team with 24×7 surveillance for the servers through video monitors and armed guards.