It is a well-known fact that holding your funds on a cryptocurrency exchange is not the safest option but offers cash liquidity and that is exactly what you need when trading.
I’ll explain in this article how you can protect yourself using various methods available.
I’ll explain in this article how you can protect yourself using various methods available. Remember, however, that not all of these mechanisms are available on every cryptocurrency exchange software.
A. Sign Up should be a Task of Few Taps
Subscriptions should be simple. A lot of users get irritated by filling out a long registration form, which is now a standard in every digital assets exchange. This could affect the trading platform’s initial retention rate. Let your users input the app, and then you can collect the information you need to enhance the user experience. Here are just a few tips and examples for mastering page design: UX’s thumb rule says’ More choices, more problems.’ So make it easy for users to get started using the app. Cryptocurrency exchange software are obliged by their local laws and respective national regulators of financial services and products to obtain some of your personal information. This information includes, but is not limited to, your full name, address, phone number (mobile and/or landline) and country of residence. On top of that, most bitcoin exchanges require you to fill in your date of birth, which is part of the identity verification process.
If your app is responsive to gender or age, avoid asking the users about it when they sign up. When handling their profiles they will change this information later on.
Just like their social media accounts, always offer the users an option to sign-in emails. There are at least 5 social media accounts open to an average Internet user. To simplify the email validation process, let your users sign up via their social media accounts.
You will give them more faith about the value of the product by showing the customer reviews before the user signs up for your app.
B. Use Email as Alternate to Username
It is hard to remember a username with a mix of random numbers. That is why it is a good idea just to let the users in through their email address and password.
Logging in via email also has a security benefit for most white label crypto currency exchange software. The username is available to all when using a device. This may be a bonus to those with prying eyes on a user’s account and could result into malicious activities, including illegitimate fund transfer. On the other hand, email addresses without a user’s permission are not available to others. And most of the time there are various addresses exchanged and emails used for sign in.
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