Cryptocurrency Exchange Security Testing: Why do You Need It?

Cryptocurrency Exchange Security Testing: Why do You Need It?

The field of crypto is continually evolving and ever changing. It transforms every day in trying to find the perfect shape. We are experiencing a trend every day as new exchanges and crypto-platforms emerge on the market. And when the option is almost infinite, the most important thing is the trust of the clients.

And how to get that confidence? However, the solution is relatively straightforward, ensuring hackers can't access sensitive data through your exchange loopholes. Our team also gets exchange test requests. Testing is a move that might not be taken seriously but it is, in fact, a move that makes a lot of money.

If you don't want to spend time and resources on someone else's mistakes, try to know. Let's take the problem with the Italian exchange BitGrail, for example. In February 2018 Nano XRB tokens were involved in the loss of more than $170 million. This was because of exchange security vulnerabilities. The company eventually had to declare bankruptcy. This would not be the case if only BitGrail had carried out rigorous research. Accordingly, the research team's principal goal is to give consumers a complete assurance. If you plan to open a new crypto exchange or are the owner of a small size exchange site, we suggest that you rethink your strategy and carry out a thorough check of your produ


You need testing if:

• you have just created a new crypto exchange platform;
• you have implemented a major update;
• you have embedded a new cryptocurrency as a trading pair;
• you have ordered outsource or outstaff development;
• you have used rather questionably cheap developers;
• you are not sure of your security system overall;
• you need a third-party guarantee of your services.

Find more about types of crypto exchanges : Cryptodevelopers

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