FIPS 140-2: What It Is and Why Crypto Exchanges Need It

When you hear FIPS 140-2, a U.S. government security standard for cryptographic modules used in hardware and software. Also known as Federal Information Processing Standard 140-2, it’s not just paperwork—it’s the bare minimum for any exchange that wants to handle real money safely. If a crypto platform claims to be secure but never mentions FIPS 140-2, that’s a red flag. This isn’t about marketing buzzwords—it’s about actual encryption that’s been tested, certified, and verified by NIST, the same group that keeps U.S. government data safe.

FIPS 140-2 isn’t optional for serious players. Exchanges like Coinbase and Kraken use it because they need to prove their systems can’t be easily hacked. It covers everything from how keys are stored to how data is encrypted during transfer. Without it, your private keys might be sitting on a server with weak encryption, easily grabbed by attackers. And when you look at the posts below, you’ll see how many platforms—like Oviex, KaiaSwap, and AuraSwap—have no verifiable security practices at all. They don’t meet FIPS 140-2. They don’t even try. That’s why they’re risky, low-volume, and often abandoned.

What’s even worse? Some fake airdrops and scam tokens pretend to be legitimate, but they never even have basic security layers. If a project can’t protect its own data, how can it protect yours? FIPS 140-2 is the baseline. If you’re trading crypto, you should expect it. And if a platform doesn’t offer it, you’re not just taking a risk—you’re gambling with your assets. Below, you’ll find real reviews of exchanges and tokens that either follow these standards or completely ignore them. Learn which ones are built to last, and which ones are just digital ghosts waiting to disappear.