Does having the same passwords on different exchanges reduce account security?

[deucher]

I have about 20 accounts on almost all exchanges for cryptotrading and in many of them I have the same password, although two-factor authentication is installed everywhere, is it dangerous or with authentication does the password not play an important role?

 

[Riberet19]

Man, it would be better if you had different passwords on some exchanges, especially in those where you have more funds, it is true that two-factor authentication can make them not in much danger, but it is always better to be safe than sorry

 

[Nomad]

If you have 2FA enabled especially with biometrics, I think your accounts are safe and using the same password on multiple exchanges will matter much. Passwords can be easily breached even when you use strong passwords but unless you give away your device, 2FA cannot be breached.