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6 Ways to Avoid Crypto Scams • Before you plan to put your money into a crypto currency, keep in mind that those markets are unstable, and once your money is vanished, it is disappeared. The protections in place for fiat currencies do not exist for crypto currencies. • Research thorough • It can be tough to ignore advice from influencers and billionaires online, but you must do your research before investing when it comes to your money. Start Begin with the guide to buying, selling, and managing Bitcoin . Do not take any information online at face value. If an investment sounds too good to be true, it is possibly a scam.
Do not believe in everyone • Treat anyone who gets in touch with you directly to ask for payments in crypto currency or provides you an investment opportunity about crypto with extreme caution. Do not rely on emails even if they appear to be from public figures, government officials, —anybody who asks you to pay for anything using crypto currency. • Secure your crypto wallet • You possibly have stories about people who lost at least a few Bitcoins because of losing control of their virtual wallets. If you do own crypto currencies, never share your seed phrase or private key with anyone. Instead, store that information somewhere offline.
Utilize Multi-Factor Authentication • Use multi-factor authentication on your crypto wallet to try to keep the bad people out. It is not a definite solution, as people learned after the Coin base hack but it offers you a fighting chance against quite a few attackers. • Verify that URL • Look after the URL for the portals you visit associated with crypto. Several phishing scammers copy the URL of legal sites and swap out letters or numbers. To make sure that the site is secure, look for the little lock symbol next to the URL. Remember to turn on your antivirus software
Refuse Fee Offers • You can see crypto offers that necessitate an up-front fee. Reject them all, and particularly avoid "offers" involving a fee to be paid in crypto currency. Most of the investment opportunities in the crypto realm are scams. Prior investing anything, you need to check the company's website to find out how they guard their customers and search for reviews from other investors.
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