Keeping Your Crypto Investments Safe:
- Choose a reputable exchange
Crypto scams are becoming increasingly sophisticated, making it easier to focus on safe activities in crypto rather than trying to list every type of scam and swindle out there. The first step to keeping your investments safe is to stick to reputable and audited exchanges and wallets to conduct your crypto transactions. Blocktrade, for example, is audited by independent auditors and has been proven to be a safe platform for investors to trade in crypto without any hassle. It is important to note that no employee of Blocktrade or any other reputable exchange will ever ask you to reveal any highly personal data like a password via email, phone call, or any other way.
- Beware of phishing and scams
One common type of scam that investors should be aware of is “phishing.” This is an attack that usually happens via email, Telegram message, WhatsApp message, phone call, etc. The scammer will pretend to be an authority figure of some sort and ask for personal data to gain access to the victim’s accounts and empty them. In some cases, the attacker may even pretend to be an employee of a popular exchange like Blocktrade and claim some sort of emergency while asking for your login info.
It is important to note that most “hackers” simply ask for people’s login info, or they ask the unsuspecting victim to send some crypto for one reason or another. While they may use convincing language to persuade their target by offering to send more money back or offer a fake course, the correct way to deal with these types of communications is to simply ignore, delete and block these contacts. No Blocktrade employee or an employee of any other crypto exchange will ever need your login info or your money.
Scammers will go to great lengths to deceive unsuspecting investors, often pretending to be celebrities or popular influencers. Social media platforms like Twitter are filled with fake accounts pretending to be Elon Musk or Bill Gates claiming to give away free crypto just to then scam hopeful people out of their hard-earned cash. It is crucial to remember that as a general rule, there are no free lunches in the world of cryptocurrency.
- Verification is the key
It is important to stay vigilant and not let your guard down. Always verify the authenticity of any message or communication before taking any action. Do not click on suspicious links or download unknown attachments, and never give out your personal information or login credentials to anyone.
By taking these simple measures into consideration and sticking to reputable and tested exchanges like Blocktrade, you can keep your crypto investments safe from scammers and fraudsters. Remember, the key to success in the world of cryptocurrency is not only making smart investment decisions but also protecting your investments from potential threats.
In conclusion, while there are certainly security risks and challenges associated with investing in cryptocurrency, there are also many opportunities for growth and success. By taking the time to educate yourself to learn and protect your investments, you can reap the rewards of this exciting and rapidly evolving market. And with the help of Blocktrade Academy, you can start your journey into the world of cryptocurrency investing with confidence and knowledge safely.
In addition to our focus on safety and security, Blocktrade Academy also offers a wide range of courses for beginners to help them get started with cryptocurrency investing. Our courses cover the basics of crypto technology and even advanced trading strategies and risk management techniques. Some of our previous courses include “Is crypto good for beginners?“, “Which cryptocurrencies should I keep my eye on then? “, ” What is Ethereum? “, ” How much should beginners invest in crypto?“, and “ Is it too late to jump into crypto?“.