The methods and tricks used by scammers are clever but very easy to avoid. According to the report, there were 82,135 crimes related to cryptocurrencies such as BTC, ETH, and other digital currencies in the US alone. This is more than 24,000% more than the 340 reported in 2021.
How to protect yourself from cryptocurrency scams
First, you should never share your seed phrase or private keys with anyone. Most cryptocurrency apps warn users to write down and secure their seed phrase because if they lose it, they can’t retrieve it.
Secondly, if you are an investor or trader, it is in your interest to withdraw your non-trading digital assets from the exchanges and transfer them to a hardware wallet.
Summing up. Some Cyber Security Tips
A few cybersecurity tips to follow wisely:
- Before investing, study the information to make sure that the cryptocurrency site is secure and trustworthy. Do not trust Twitter or other social networks for investment advice as fake news is a trap.
- Think before you click! Don’t fall for phishing scams or ads with malicious links. Report phishing scams, and do not share or forward links to others.
- Keep a close eye on your cryptocurrency wallets, debit/credit card accounts, and bank accounts.
- Beware of social engineering attempts to steal your credentials. Scan your computers, laptops, mobile phones, and other devices regularly with updated and patched antivirus and antivirus software.
- Always take security seriously.
Have you transferred your funds to a third party that did not provide you with a product or a service? In this case, we are not responsible for such operations (we constantly warn users about this in the rules of the exchanger and various forums). In this case, you can contact our support service. Depending on the specific situation, we may be able to influence the process of blocking the details of intruders, etc.