The biggest (yet easily avoidable) threat to your cryptocurrency investments is scammers & hackers who stole an estimated $1.2 billion from our community last year.
The industry is embroiled in scams & hacks. The biggest forms include:
- Social engineering
- DNS spoofing
- Fake ICOs
- Stealing of passwords & private keys
- Pyramid schemes acting as lending platforms
These are easily avoided by following a few simple security tips.
We give 9 simple but powerful tips that help you stay protected at all times :) Follow along in the video below.
We are doing our part in protecting the community. If you enjoyed the video, please consider subscribing on Youtube & DTube :)
Following are the Tips discussed in detail with examples in the video
Tip 1: Invest only in trusted exchanges after doing your due diligence & research.
Tip 2: Check the ensure that the exchange you visited is genuine. You can do this by looking at the SSL certificate & the Domain Name.
Tip 3: Use an Active Email & a very strong password.
Tip 4: Always enable 2 factor authentication on all the exchanges that support it.
Tip 5: Do not store your passwords unencrypted.
Tip 6: Do not store your cryptocurrencies in exchanges.
Tip 7: Use reputed wallets & follow best practices.
Tip 8: Do not share your Private keys with anyone
Tip 9: Encrypt your private keys before backing it up. You can use SanDisk Secure Access for this.