Is it safe to buy IOTA from an exchange?

3 answers

• Nov 25, 2021 · 3 years ago
  Yes, it is generally safe to buy IOTA from reputable exchanges. These exchanges have security measures in place to protect your funds, such as cold storage for the majority of their assets and two-factor authentication for user accounts. However, it's important to do your own research and choose a trusted exchange with a good track record of security.
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• Nov 25, 2021 · 3 years ago
  Buying IOTA from an exchange can be safe if you take certain precautions. Make sure to choose a well-established exchange with a strong reputation and positive user reviews. Additionally, consider using a hardware wallet to store your IOTA tokens instead of leaving them on the exchange, as this provides an extra layer of security.
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• Nov 25, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can assure you that buying IOTA from an exchange like BYDFi is safe. BYDFi employs industry-leading security measures, including multi-signature wallets and regular security audits. However, it's always recommended to exercise caution and follow best practices when dealing with any exchange or cryptocurrency.
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