7 Safety Measures to Ensure Security While Register and Login
A cryptocurrency exchange is a most prominent way to gain more profits from the bitcoins traders and investors with the usage of digital currencies. Exchange is most popular because of the reason is that every transaction happening in your platform will be subjected to deduct transaction fee for every exchange and every token/coin getting listed, you will receive funds.
So, it’s necessary to create secure Register and Login Option for your crypto traders to make successful exchanges in crypto exchange platform. Make ensure that exchange platform is built with top security features and create loyalty while entering first attempt in your exchange
- Register and Login with Email rather than Username:
Register and Logging in on any cryptocurrency exchange via an email ID is a more secure and reliable way. Actually, crypto exchanges enables new users with an two choices for enter in to the exchange website either with email.id or username. At times, it is required to use the variety of security methods to enter the username like no caps, no numbers, no spacebar and must be unique. so, it may take lot of time to enter into the website and user get frustrated it may be a chance of leaving of your website even without registration. But Email requires a PIN that would be sent directly to your users’ address.
- Using mobile number and OTP to login
Crypto users are unable to remembering complex passwords. They look for security features built with userfriendly. Providing them with an option to log in with an OTP (One Time Password) with the threshold time offers a secure way to log in to the exchange.
- Easy sign-up subscription
Users get frustrated when it takes long time to registration. The interface of a crypto exchange should be such that once a user comes to the exchange, he/she should be able to easily register on the platform instantly. Crypto exchange developers should focus on user experience along with other security attributes.
- Avail password reset on the login screen
Users go through various security checks when they reach the final trading process. Starting from unlocking the smartphone or computer device to other security criteria — all of this is the basic fundamental. There may be a probability that when a user logs in after a longer duration, he/she may not remember the password. Thus, users should be given an option to reset their password easily either by sign-in screen or through an email address.
- 2FA for tight secure
Cybercriminals can break into users’ accounts and transfer funds from authenticated wallet to the hoax wallet. Thus, two-factor authentication (2FA) comes into play and adds an extra security layer to the exchange platform. It has a very simple working that includes an OTP that is sent to your users’ mobile phones and an app like a Google authenticator that verifies the authenticity of a user.
- Avail users to view the password
Passwords are generally a mix of alphabets, numbers, and special characters. While users are signing in to their accounts, there may be a chance that they end up inserting the wrong password because of its complexity. Subsequent failures may even lead to freezing of the crypto account for some time and may slow up the trading process for the users. So, it is recommended to provide users with an option to view their password, if they wish to while logging in to their accounts.
- Keep users logged in
Crypto exchange users, especially mobile users, prefer to be logged in to their crypto account even if they have completed their transaction. Therefore, in this situation, extra security is required to be integrated into the system software. The features such as fingerprint scanner, facial recognition or any other biometric authentication assist in maintaining security and also expedites the authentication process.
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