Today, Animalverse will take a look at how to avoid crypto scams to protect investors from losing capital. Is there any way to see it?
Cryptocurrencies and NFTs have been a huge trend and have grown exponentially in the past year. Many of you who are new to and interested in cryptocurrencies are probably wondering what these are. And how much is it worth investing in? But before jumping to the question of whether to invest now or not. You should also know about crypto scams.The cryptocurrency market has scammers who want to scam by stealing their cryptocurrency by any means. So let’s learn how to safely invest in cryptocurrencies with Animalverse.
1. Find information
Even with the advice of billionaires and successful influencers who have more or less caught your attention. But still, you should study the information yourself before starting to invest. Get started with a guide on buying, selling and managing bitcoins. In addition, do not trust any information in the online world completely without asking questions. Because no matter how good it sounds But if it’s too real, it could be a crypto scam.Even with the advice of billionaires and successful influencers who have more or less caught your attention. But still, you should study the information yourself before starting to invest. Get started with a guide on buying, selling and managing bitcoins. In addition, do not trust any information in the online world completely without asking questions. Because no matter how good it sounds But if it’s too real, it could be a crypto scam.
2. Don’t trust anyone easily
Don’t trust every email you get. Even if it appears to be an email from a government official, public figure, or anyone asking you to pay with cryptocurrency. You should make sure that it is they who are actually in direct contact, who may request payment in cryptocurrencies. or offering a false digital currency investment opportunity.
3. Protect your crypto wallet
You may have heard of cases of people losing their bitcoins due to losing control of their crypto wallets. If you have cryptocurrency in hand Do not share your private key or seed phase with anyone else, if possible we recommend storing them offline instead.
4. Use Multi-Factor Authentication
We recommend that you use Multi-Factor Authentication. in your digital wallet so that the bad guys can’t get in. Although this method is not a sure-fire prevention method. Like the Coinbase hack, but at least it makes your wallet more secure by many levels.
5. Check the given link
Be sure to keep an eye on the secure links to crypto sites you visit, as scamers may copy legitimate website links by alternating letters or numbers so we don’t even notice that they are legitimate links. So look for the little padlock symbol next to the website link. And don’t forget to turn on your antivirus program. To help be on the lookout for certain types of scams and to help block malicious websites.
Additionally, perhaps these links could be sent in e-mail format. Make sure that the emails you receive are from the trading platform or the transactions you are actually doing or you could be scammed out of your data and crypto.
6. Reject a fee offer
If you see an offer on cryptocurrency that requires an upfront fee. We recommend avoiding and rejecting all such offers. Because there is a huge chance there will be a scam before investing. Be sure to check the company’s website. to see how the company protects its customers And be sure to read reviews from other investors as well.
7. Beware of Pyramids in Crypto
A huge return on investment may attract other investors to the market. But there are opportunists ready to steal your crypto with this classic Ponzi scheme.
Pyramid scams often invite you to invest in assets to generate returns. The money from new investors will be used to pay older investors what they consider huge returns. So it attracts more supporters. in the process The crooks will suck some of the cash out for themselves.