The crypto market has experienced rapid growth in recent years. However, behind this tremendous potential lie serious challenges related to security and privacy.
What many people are asking is what are the main challenges faced in protecting the security and privacy of users in the crypto market? How can the crypto industry overcome these challenges?
There are so many solutions to security and privacy problems. Centralized exchange has made it impossible to stay anonymous while using their exchange because you're obligated to complete their KYC verification or you won't be granted your withdrawal.
We have mixers that can be used to increase privacy, if you withdrew from a KYC exchange, you can send the coins directly to mixers then mixed the coins before sending it your wallets. Make sure you make use of wallets that you have your private keys as that increase privacy.
KYC is the main challenge when protecting the security and privacy of a user therefore making use of exchanges that don't mandate kyc or completely ignoring centralized exchange and only make use to decentralized exchanges will solve this privacy problem.