scams

Security has been the concern of cryptocurrency investors and users thanks to the flocks of hackers and scammers, who are making every attempt to exploit digital weaknesses. This puts it upon the user to be proactive against such risks by learning all security solutions that help you secure your digital assets.
We'll look at a few critical steps to take in securing your cryptocurrency against hacking and fraud.
Choose a Secure Wallet
Digital crypto wallets are a type of software that allows users to store and manage digital assets. While choosing a wallet, make sure it has a reputation for security.
Hardware wallets such as Ledger or Trezor secure your private keys by storing them offline, putting them out of hackers' reach. Do not store your coins online or exchange wallets for too long because they are more vulnerable to hacker attacks.
Strengthen Passwords and Enable 2FA
Strong passwords will be an impassable security barrier against unauthorized access. For each of your crypto accounts, make up a unique and complicated password, not repeating that on other websites. Keeping a mix of uppercase and lowercase letters, digits, and special characters would also be good compared to "123456" or "password123."
Two-factor authentication is advisable wherever possible. 2FA provides enhanced security due to the requirement of a second step of verification, usually through a mobile application or with an SMS code.
Stay Up-to-Date with Security News
Keep yourself up to date with the current security threats and vulnerabilities of Bitcoin by following legitimate sources of news and subscribing to security blogs or forums so that you are most up-to-date with all probable threats.
Sites like CoinDesk and Cointelegraph might be good places to start for information; then there are subreddits more specific to the security realm, such as r/CryptoCurrency and r/CryptoSecurity. Keeping yourself informed will let you take precautionary measures to lock down your digital funds.
Be Wary of Phishing Attempts
The most common way of operation used by scammers is phishing. If you receive unsolicited emails or texts, or if you have visited websites asking for your wallet password or other personal information, then you need to be very careful.
Never share any critical information without verifying the authenticity of the source. Any genuine service provider will never ask for your password or secret keys through email or social media. For example, if you get an email supposedly from your wallet provider asking for your login details, log onto the website or call customer support to verify whether such a request is valid.
Secure Your Devices
Protect your devices, whether smartphones, PCs, or tablets, against malware and other harmful applications. Install and update reliable anti-virus applications on a regular basis.
Never download apps or software from third-party websites since they are frequently tainted with malware that aims to wipe away your cryptocurrency wallet. For example, never sideload wallet software from unknown sources; instead, download them straight from trustworthy markets like Google Play or the Apple App Store.
Backup Your Wallets
Back up your cryptocurrency wallets to avoid losing all your data. Have multiple backups at different locations. The method comes in very handy in the quick restoration of your wallet in case your device fails or gets stolen.
For example, you can physically use devices like the Ledger or Trezor to build a backup of the wallet's recovery seed and then restore everything from it.
Use Secure Networks
Always use secure and trusted networks when logging into your accounts or making a transaction. Never use public Wi-Fi networks; they are very easy to hack. Instead, go for private networks or a Virtual Private Network that encrypts, thereby securing the line. For example, if you are on public Wi-Fi and would like to use your wallet, log into a VPN service to establish a secure connection.
Exercise Caution with IDOs and Exchanges
IDOs and cryptocurrency exchanges are some of the favorite targets of hackers. Be careful when you invest in IDOs, and do your homework on the project before sending them your hard-earned cash.
For trading, use known cryptocurrency exchanges that have been around for a while and have shown good security. Most exchanges allow you to turn on extra security measures like withdrawal whitelisting and transaction notifications – make sure to turn those on, too.
For example, for investment to be made in the IDO, a meaningful whitepaper has to be available first, its reputable team members, and community input, among others, as a way of confirming the validity and success rate of a project.
Diversify Your Investments
Diversification is one of the methods of reducing risk in any investment portfolio, including cryptocurrency investment portfolios. This is achieved through investment in various cryptocurrencies, where a portion of the portfolio is set aside for some more stable assets.
This way, damages from the potential hack or scams of one cryptocurrency might be reduced to a minimum. Why put all your eggs in one basket when you can diversify into other use-case and market-potential cryptos?
Be Mindful of Social Engineering Attacks
Social engineering attacks are based on the manipulation of a target to share sensitive information or act in a way to compromise security. Be wary of unsolicited calls, texts, or demands for personal information. Do not give any critical information prior to verifying the validity of the request.
If somebody calls you, introduces himself as calling from some cryptocurrency exchange, and demands your account information. Just hang up and call the official support number to check the authenticity of the call.
In conclusion
Crypto security demands vigilance and a very high level of responsiveness at all times against hackers or scammers. Some of the best practices for protecting your cryptocurrency investment include using secure wallets, two-factor authentication, staying up-to-date with security news, and keeping a watchful eye on phishing attempts and other social engineering attacks.
Information comes with grave responsibility for the protection of digital assets, but with information, one can take precautions to travel comfortably within the world of cryptocurrency.
Frequently asked questions
How can you secure your cryptocurrency?
First, select a safe wallet. Always go for hardware wallets, like Ledger and Trezor, which keep your private keys offline and safe from hackers.
Why should you not store your money online or exchange wallets for too long?
Online and exchange wallets are much more susceptible to hacking. Keeping coins in them for a longer period of time increases the chances of losing your items of value through hacking.
How does keeping up on security news help me protect my cryptocurrency?
Keeping up with the latest threats and vulnerabilities allows you to take protective measures in advance to protect your digital assets from new and emerging threats.
#CryptoSecurity #scams #protection #hacks

Pretty understandable that you lost a trade and shared it on @Binance Square Official so others can learn, and avoid the mistakes you made, now random dudes are commenting on your post,
"Hey, I can help you."
"Join Blah Blah trading group on Telegram."
"Share your WhatsApp number, and I'll help you recover the lost money."

Most likely, they know you have the money, and all they want is your money. No one in crypto will help you recover lost money, because everyone knows no one can predict the future.
What's gonna happen after you contact someone privately? Scammers will never ask you for a seed phrase or account access because most of the Web3 guys are well-informed and know this can become a major problem, and you can lose all of their assets.

So scammers use these common tactics to lure you in, and you become so desperate to recover lost money that you fall into their trap so easily without noticing.

Scammers will show you screenshots of fake profits, stating they made good money while you lost everything. This is the most common tactic to gain your trust, and after you become familiar with them, they'll ask you for profit sharing scheme.
Profit Sharing Scheme: Most likely, scammers will ask you to send them some USDT. Next time, they will show you fake screenshots of winning trades and send you the pre-decided share with some profit. Now the trust is gained.
Next, they'll ask for a bigger amount and promise a bigger return. You have full trust in these guys since they already split profits with you from the previous trade. You send more USDT without a second thought.
After receiving the amount, they'll either say "USDT didn't arrive in their wallet or completely vanish by blocking you or deleting their accounts." In crypto, once sent, there's no way to recover it.

Fake Telegram groups: Scammers will ask you to join a pump-and-dump Telegram group, where they share a low market cap token with significantly less activity, where thousands of people like you are gathered in the hope of recovering their lost money.
Once you get in, and they are all set up, they start to accumulate a low market cap token, and once aped, they set a take profit order above a certain price point. After their accumulation, they build hype and share a time when the pump will happen. On time, they openly share the trading pair in the Telegram group, where everyone is waiting to ape in early.
Once shared, users start to rush in to buy early and exit at high prices. It only takes 30-40 seconds, and the token is up by thousands of percent. By this time, their TP order is already filled, and the token starts to plummet.
Falling to absolute zero within seconds, and everyone loses their money instead of making some, except the owner of the group.
The cycle keeps repeating one after another token, until you realise it's a scam, and you lost more than you made.

Stop responding to guys who ask you to recover your lost money. Trust nobody but your knowledge and research in crypto.

Thanks for reading. Follow me on Binance Square for more.
Trade trending tokens here. 👇👇


#scams #recovery #CryptoScams #FakeGurus #scammers

Me parece excelente la iniciativa de #Binance de educar y alertar a la comunidad sobre actividades engañosas con su campaña " Scam Risk Warning" ; y a su vez premiar con $FDUSD totalmente gratis solamente por dejar testimonios para ser un operador precavido
En mi caso les contaré varias experiencias durante toda esta campaña, y actualmente te traigo la más común que me sucede como Creador de Contenido (YouTuber).

Cuando empecé este camino de grabar videos promocionar proyectos, etc. Subir cosas educativas, empezaron a llegarme infinidad de correos con ofertas de trabajos y colaboración, tristemente una vez sucedió que abrí un correo electrónico y trajo un archivo adjunto , la paga era atractiva.. Así que abrí correo descargo archivo que era para instalar un juego.

Recibi un correo similar al de la imagen, ya no tengo el de esa oportunidad porque lo Borreee de todo!! Continuamos, mi sorpresa que el juego nunca funcionó les escribo que sucedia e indicaron fallos , pasaron 5 dias y entro a mi PC y sorpresa mi billetera de Metamask estaba vacia sin $BNB y USDT que tenia!! DIOSSS , casi queria llorar... Me hackearon mi PC con un trojano que se metio y envio mis fondos a otra Wallet...
Dure dias molesto conmigo mismo pero aprendi luego de eso no prestar atención a ese tipo de correos dudosos, y gracias a dios no me sucede mas.

También recibo muchos correos de ese tipo de promoción de tokens scam, una vez acepte conecte mi Wallet a una Dapp y firme ciertos permisos que por ignorancia daban acceso a mi Wallet y monedas, al pasar 1 mes estos proyectos mueren y se roban todo tu dinero, tienes que tener cuidado al firmar cualquier contrato en Wallet Web3.
Si eres creador de contenido en cualquier plataforma esta muy atento a las propuestas de colaboración y nunca descargues nada ningin archivo asi sea Word. Siempre usa nube de Google Sheet.
Esta fue mi experiencia, dime si te ha sucedido algo similar.
#scamriskwarning #SCAMS #TrendingTopic