What Can You Do To Protect Yourself From Crypto Scams?
After the funds are recovered, there are still many things that can be done to minimize the risk of losing your digital assets to scams.
Verify Investments and Exchanges: Do your due diligence. Always check the history of the crypto projects and the exchanges to which you are planning to move your crypto assets. Also, check the reviews, the licenses, and the history of the company.
Use Authentication Apps for 2-step Confirmation: To enhance security, replace SMS verification with an app or hardware key.
Store Private Keys and Recovery Phrases Carefully: Never disclose these credentials, and keep them secured and offline.
Use Reputable Services: Only use exchanges and wallets that offer multiple security layers, encryption, and cold storage.
Wallet Activity Should Be Regularly Monitored: Set alerts for unusual transactions and frequent account activity monitoring to identify fraud.
Stay Informed about Typical Fraud: Identify phishing attempts, fake giveaways, impersonation fraud, and other prevalent issues within the crypto
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