Can 2FA mitigate exchange risk?

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9y

Hey guys,

I know everyone says keep your cryptocurrency in your own controlled wallets. Legislation changes aside, do you think your cryptocurrency is safe on an exchange with full 2FA switched on and required for login, trades, withdrawals, etc?

If an exchange was hacked surely they wouldn't be able to commit any changes if they didn't have your 2FA?

Bit of a crypto noob so please be kind...

Original Reddit Post

Can 2FA mitigate exchange risk? | Ecency