This blog was written by an independent guest blogger.
A staggering $1.9 billion in cryptocurrency was stolen by criminals in 2020, a recent report by Finaria reveals. Fortunately, despite the growth of the crypto market, crypto crime has decreased by 57% since 2019, dropping to $1.9 billion. The widespread recent implementation of stronger security measures also means crypto-criminals stole 160% more in value in 2019 than in 2020, despite the similar number of crimes. Now, crypto trading bots have become popular in the cryptocurrency world: software that automatically trades on exchanges on your behalf. Strengthening cybersecurity when using trading bots is key to protecting your accounts and money from hackers.
API security
While trading bots could just use your PC interface to make trades, having access to an API (short for Application Program Interface) key means they can directly access specific trades, which allows them to act quicker. The API key is basically a…
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Posted by: Karoline Gore |
The post Cryptocurrency trading bots: Strengthening Cybersecurity and minimizing risks appeared first on Cybersecurity Insiders.
May 25, 2021 at 09:10PM
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