Bitfinex Full Security Checklist: How to Make Trader Protection Stronger with Cold Storage and API Security

Bitfinex don release big security checklist wey aim na to protect traders from threat and fraud. Di exchange dey use multi-layer security approach, wey dey use cold storage for 99.5% of assets and multi-signature security for transactions to prevent unauthorized access. Other measures dey include DDoS protection, AI-driven fraud monitoring, and regular external audits. Dem dey urge traders to enable Two-Factor Authentication (2FA), verify their accounts for streamlined recovery and withdrawal, and whitelist withdrawal addresses to guard against fraudulent activities. Furthermore, di platform dey emphasize di importance of strong, unique passwords and 2FA on email accounts. For API users, Bitfinex dey offer advanced customizations, like restricting access to whitelisted IPs, to safeguard automated trading. Dis comprehensive security strategy dem design am to enhance user confidence and trading safety on di platform.