MetaOctagon employs a multifaceted approach to ensure its security, integrating both traditional and innovative methods to protect its users and their assets. The platform uses session keys, a security mechanism that temporarily authenticates user sessions, providing a layer of security that helps prevent unauthorized access. This is particularly important in maintaining the integrity of user sessions and safeguarding against session hijacking or other forms of session-based attacks.
In addition to session keys, MetaOctagon implements limit orders as part of its security strategy. Limit orders, commonly used in trading, allow users to specify the maximum price they are willing to pay for an asset or the minimum price at which they are willing to sell. This feature not only aids in managing investment risks but also adds an extra layer of security by preventing the execution of trades at undesirable prices, which can be a consequence of market manipulation or extreme volatility.
The platform also enhances its security posture by incorporating two-factor authentication (2FA), a widely recognized security measure that requires users to provide two different types of information before gaining access to their accounts. This significantly reduces the risk of unauthorized access, as attackers would need to compromise both factors to breach an account.
Furthermore, MetaOctagon employs malware detection systems to identify and neutralize malicious software that could compromise the platform or its users' data. By actively scanning for malware, the platform can prevent various cyber threats, including those that aim to steal sensitive information or disrupt services.
Adhering to security principles such as defense in depth and reducing the attack surface, MetaOctagon adopts a comprehensive approach to security. Defense in depth involves implementing multiple layers of security controls throughout the system, ensuring that if one layer is breached, others are in place to maintain protection. Reducing the attack surface entails minimizing the number of potential entry points for attackers, thereby lowering the overall risk of a security breach.
Additionally, the platform's use of a Telegram Bot and Charts feature indicates an effort to provide users with tools and information that can enhance their trading experience while maintaining security.
Created by a full-time trader and enthusiast in mid-2020, MetaOctagon's security measures reflect a deep understanding of the crypto trading landscape and the importance of robust security practices in protecting users and their assets.