Cryptocurrency Exchanges Security Standard
Cryptocurrency exchange security standard is a set of procedures, protocols and certification strategies that defines the standard of a cryptocurrency exchange. By acknowledging the proposed security standards, a cryptocurrency exchange will be taken into continuous examinations like cybersecurity tests, penetration tests, user security tests and various measures. The final results will be taken for the process of certifying the examined cryptocurrency exchange with certain criteria.
Already there is a security standard for cryptocurrencies (CCSS), which covers the security practices to be dealt with cryptocurrencies like bitcoin, but no security standards have been announced for cryptocurrency exchanges. Hacken is the first cybersecurity assessment ecosystem to announce security standards specifically for cryptocurrency exchanges.
In this article today we are going to revise the security standard for cryptocurrency exchanges and certification methodology proposed by hacken.io.
Cryptocurrency Exchange Security Standard Proposed by Hacken
Since cryptocurrency exchanges are responsible for the worth of millions of dollars in transactions, it is very important they must be tightened with high end transactions security as well as user security protocols. By understanding this fact, Hacken- A cyber security company have release the security standards for cryptocurrency exchange along with its cryptocurrency exchanges ranking and certification platform CER.Live
About Hacken - One of leading cyber security companies dealing with cryptocurrency exchanges and blockchain enterprises. The firm was first established in 2017, by merging three major cybersecurity firms. Hacken is popularly known for its cybersecurity products and services.
HackenAI consumer cybersecurity protection,
HackenProof bug bounty platform
Hacken has release CER.Live just to acknowledge the security standards, and to rank the cryptocurrency exchanges based on the standards.
How a Cryptocurrency Exchange Can Be Certified ?
The goal of the "cryptocurrency exchange security standard" is to prevent traders from interacting with exchanges which have no much concern and investments for user security. As we said above, to get certified, a cryptocurrency exchange should meet all the security standards and it must go through the complete security examination process based on certain criteria as below.
A cryptocurrency exchange security standard (CESS) will have the following examination process.
Cyber Security Score Check
Penetration Assessment
Proof Of Funds
Bug Bounty Programs
How To Make a Cryptocurrency Exchange With High Security Standards?
Getting certified will be much easier, when you cross check and ensure all the above metrics during the development of your own cryptocurrency exchange. We at Bitdeal simplify the process of certification, by implementing high end security standards with our cryptocurrency exchange development process. We follow the water flow model on each development phase, and go to the next level only if the beta project has fulfilled the certain criteria on each development and integration phase.
We have a ready made cryptocurrency exchange script, which has been tested and verified through a bug bounty program conducted with an expert security team. Our cryptocurrency exchange script ensures all the security measures and has been created to comply with the global cryptocurrency exchange security standards. You can check the demo of the script at any time. Talk to our team below. !
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What is White label Cryptocurrency Exchange Script?White label cryptocurrency exchange script is a license or a ready-made script developed with the exact requirements of the clients such as logo, brand, functionalities, design and more..
Many crypto experts are suggesting to go with white label crypto exchange software as they are promptly developed, tested and ready to use.A white label bitcoin exchange script refers to a fully supported product or service that allows you to setup crypto trading platform that comes with a completely well designed.
White label crypto exchange script can help you in utilizing your business’s unique branding , as a result you can focus on building your brand and sell your services while simplifying the growth rate for your customers.Benefits of developing White Label Cryptocurrency Exchange ScriptFaster development and deploymentNormally developing a solution from the scratch takes longer time and large amount of money .
While a custom white label solution may seem to be the best alternative and highly beneficial in developing your crypto trading platform instantly!Enhanced ReliabilityWhite label crypto exchange solutions can offer advantages like adding necessary features to your crypto trading business platform.
This white label solutions are fully integrated and ready made , that you can add your own branding easy.Keeps your customer happierUsing a white label solution you can make an easy and simple way for your customers to reach their end goal .
The prepackaged white label solution can avoid the developing time of your exchange platform wbhile makes your customer to meet their needs immediately.BrandingIn white label solution, you can get your software according to your choice of logo, brand, and sevral other technical aspects.
Crypto Trading Profit CalculatorsGenerally to calculate your trading profit, you need to do a few simple calculations manually.
For instance, when you buy 2 Bitcoins (BTC) at $7.200 and sell them at $9.800, the transaction size is 2 Bitcoins (BTC).
To calculate your profit, let’s take the selling price of $9.800, subtract the buying price of $7.200 and multiply the difference by the transaction size.
That primarily makes a profit of $5.200.
So professional traders often use trading profit calculators to save time, and here are few solutions you can go for, too.
As you all know that cryptocurrencies have became a preferred choice for many entrepreneurs those who are willing to invest in online.
Since the cryptocurrency is a open source technology, people started investing in all cryptocurrencies after seeing its immense success.
Hiring a best software is more important for initiating your cryptocurrency exchange business.
Therefore the best software needs to be built and maintain with major components like, Order matchingLiquidity managementRisk managementWallet integrationPayment gatewaysKYC and AML solutionsDaily Audit systemCryptocurrency security standards(csss) So, if you are going to plan to create your own cryptocurrency exchange platform, then you are at a right place.
We at cryptoexchangescript.com launched the cryptocurrency exchange software to build your own exchange platform that helps blockchain business wisely.
It will also carry your business security factors and functionalities that includes everything about your business.
Cryptocurrency is a digital currency stored in a decentralized way without banks to monitor.
The transactions are stored in the form of blocks where the multiple blocks linking each other to forms a blockchain on the distributed ledger.
(Note: To prevent the crypto-jacking breach, Zodeak, a cryptocurrency exchange solution provider gives the security features for every script to prevent the cause and to provide a seamless business to start for Entrepreneurs to improve the sales graph.
) Crypto Jacking Definition Crypto-jacking is the form of a security breach of illegal access to a PC by running the malware into it.
Crypto mining code runs that turn the device into mining botnets.
Crypto-jacking is not to decrypt the user’s data; it will drain the computer resources and slow the system with increasing consumption of electricity which causes damage to the hardware.
