If you how to protect yourself from crypto scams, today we are going to give you some important tips. This way you will know what to do against fake apps and platforms. The biggest financial fraud of 2021 is crypto scams. The popularity of cryptos and their increasing value has made them a hot target of scammers. Today we are going to give some important tips to ensure that you don’t become a victim of scams in the world of crypto.
How to protect yourself from crypto scams?
Wallet address
Always check the wallet address twice before sending funds from an exchange or wallet, just to be safe!
Test transactions
Send a test transaction first before sending large amounts of digital currency. This way you will not be a victim of a crypto scam.
Advertisements
If you’re looking for wallets or trading platforms, always check out the top website for that service, as well as the first site in your search. Do not trust in ads! These ads may trick you into thinking that the product or service they are offering is secure.
URLs
Make sure the URLs are spelled correctly and have no spelling mistakes. Some crypto scammers are creating fake websites by changing a letter or number in the URL.
Check the app
Fake apps are likely to be rated with 5-star reviews, but this doesn’t mean that they’re genuine. It’s a good idea to verify the validity of any app before downloading it.
Enter a wrong crypto address
If you try to send crypto to an invalid address, the app may let you do so. If it is able to perform follow-up operations there is a high likelihood that it is not a safe app and you might be scammed in a real scenario.
Withdrawal fee
If an application offers free withdrawals when transferring cryptocurrency, you should be suspicious because these processes require a handling fee.
Update your device
It’s important to keep your computer’s operating system up-to-date. Don’t download any software from unknown or untrusted sites on your devices if you are into crypto trading.
