The cryptocurrency craze has led to a proliferation of scams and hackers trying to take advantage of people. This is why we’ve created this post with seven tips that will help protect you from these bad actors. We’ll show you what you can do to avoid them in the future, but you can find more information by visiting europeanbusinessreview.com!
Establish a Two-Factor Authentication System
When you’re using cryptocurrencies, it’s important to set up a two-factor authentication system. This will require you to enter an extra code each time you log in, which can be sent to your phone or email.
Don’t Keep Coins on an Exchange for Long Periods of Time
Many cryptocurrency exchanges and wallets require that you keep coins in them instead of transferring them out right away. This is fine the first few times, but after a while, it becomes risky since many hacks occur when someone has access to one’s private keys.
This makes it much harder for hackers to break into your account. You can even post ads on their website if you are looking for a cryptocurrency service.
Make Sure You Have a Backup Plan
If you’re using multiple wallets, make sure that the wallet addresses are different and not linked to each other (i.e., don’t use one as both your sending address and receiving address). It’s also important to have more than just one backup of your information, such as having an encrypted hard drive and a backup of that.
Only Use Trusted Cryptocurrencies Services and Sites
If you’re using cryptocurrencies for investment purposes, it’s vital only to use trusted services. Websites such as those found at europeanbusinessreview.com have been around for years now, so they are safe to use!
Make Sure Your Devices Have Updated Operating Systems
It’s also essential to make sure that your devices have updated operating systems, especially when it comes to online wallets and exchanges. Hackers love targeting older machines because they’re simpler to break into.
Watch Out for Phishing Attacks
Phishing attacks are when someone sends you a message that looks like a legitimate source but is actually from a scammer. Be on the lookout for messages that ask you to provide your personal information or download files. If in doubt, always reach out to customer service to verify the legitimacy of the notice.
Don’t Click on Any Suspicious Links
People will try to DM you on Instagram or message you on Facebook or any other social media platforms with luring links that are actually scams. Please don’t click on any of them, no matter how tempting it may be! Just delete the message and move on.
We hope you found this post helpful in protecting your cryptocurrencies from scammers and hackers. For more information, please visit europeanbusinessreview.com.
