2024

Metamask

April

Klever

<h4><b>As more people make money from crypto, others are waiting to scam people off what’s in their wallets. </b></h4> 
<p><span style="font-weight: 400;">Let’s look at the basic rules everyone should know about wallet safety and crypto scams.</span></p> 
<h5><b>1) Seedphrase safety</b></h5> 
<p><span style="font-weight: 400;">When you create your wallet, you get a set of 12 or 24 words. These groups of words are what you can use to recover your crypto wallet. We recommend you write it down in your notebook. </span><span style="font-weight: 400;">According to crypto enthusiasts, you should never give this notebook to anyone—“not even your mum.”</span></p> 
<p><span style="font-weight: 400;">If your seed phrase ever gets leaked, all your funds are gone. So, write your seed phrase in a discrete notebook and keep it away from human eyes. </span><span style="font-weight: 400;">The next step is a mistake most people make because of laziness.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Always protect your <a href="https://twitter.com/hashtag/seedphrase?src=hash&amp;ref_src=twsrc%5Etfw">#seedphrase</a> at all costs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f510.png" alt="🔐" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/RLEW0x8GvN">pic.twitter.com/RLEW0x8GvN</a></p> 
 <p>— GridPlus (@gridplus) <a href="https://twitter.com/gridplus/status/1757177506786857467?ref_src=twsrc%5Etfw">February 12, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><b>2) Do not Store your Seed Phrase on your Device.</b></h5> 
<p><span style="font-weight: 400;">It’s easier to hack phones because we can click on links without confirming their validity. If you keep your seed phrase in the digital world, a hungry hacker can enter your device and take your hard-earned funds. </span><span style="font-weight: 400;">So, the best step is to write it down on a notepad and keep it away from human eyes.</span></p> 
<p><span style="font-weight: 400;">So many people have lost their funds through this method. Some do not even get their devices hacked, but a friend gets access to their gallery app, and boom, the funds are gone.</span></p> 
<h5><b>3) Only Connect your Wallet to verified links</b></h5> 
<p><span style="font-weight: 400;">Imagine a random fellow on X (Twitter) sends you a link for a job. You click on it, and before you know it, you receive notifications of successful transactions you didn’t carry out.</span></p> 
<p><span style="font-weight: 400;">Always be sure to check links before clicking on them. One safety precaution is copying and pasting the link in </span><a href="https://x.com/nordvpn?s=21" target="_blank" rel="noopener"><span style="font-weight: 400;">NordVPN</span></a><span style="font-weight: 400;"> to check if it’s safe. Please only click on links once you confirm their safety. Here is a case:</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> Disclaimer: There have been many groups / persons impersonating CasperDash and performing fraud since CasperDash wallet is <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> </p> 
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Please help us to report the below "fraud" group/person. DO NOT click on any links sent by them. Verified and safe links are listed here… <a href="https://t.co/U7U1a5HDWf">pic.twitter.com/U7U1a5HDWf</a></p> 
 <p>— Casperdash.io (@casperdash_io) <a href="https://twitter.com/casperdash_io/status/1682945842997776385?ref_src=twsrc%5Etfw">July 23, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><b>4) Safeguard your Accounts with Two-factor authentication (2FA)</b></h5> 
<p><span style="font-weight: 400;">Use the Google Authenticator app to safeguard your account. Always use <a href="https://www.altcoinbuzz.io/?s=2fa" target="_blank" rel="noopener">2FA</a> for your socials and wallets. Another use case for&nbsp; 2FA is to approve your wallet transactions. Before approving a transaction, you need to get a link from your Google authenticator. For this purpose, you must ensure you have a strong password on your authenticator app and that nobody has unnecessary access to your phone. Here is a case:</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Be careful with phishing and other social engineering scams. Best to enable 2FA with a hardware device (Yubikey) on all crypto exchanges. <a href="https://t.co/orI7Rw3npS">https://t.co/orI7Rw3npS</a></p> 
 <p>— CZ <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;"> BNB (@cz_binance) <a href="https://twitter.com/cz_binance/status/1682250180865712129?ref_src=twsrc%5Etfw">July 21, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><b>5) Diversify your wallet content.</b></h5> 
<p><span style="font-weight: 400;">Do not keep all your funds in one <a href="https://www.altcoinbuzz.io/?s=wallet" target="_blank" rel="noopener">wallet</a>. Diversify your fund distribution. Metamask should get a good percentage, the same as Trust Wallet and Phantom. You do not want to lose all your funds to one professional hacker.</span></p> 
<h5><b>6) Use Hardware Wallets</b></h5> 
<p><span style="font-weight: 400;">They are like regular hard drives. These <a href="https://www.altcoinbuzz.io/?s=hardware+wallets" target="_blank" rel="noopener">hardware wallets</a> hold your private keys. It’s no issue if someone can access them. They do not know your password, so they can’t make transfers. </span><span style="font-weight: 400;">The popular hardware wallets are </span><span style="font-weight: 400;">Ledger</span><span style="font-weight: 400;">, </span><span style="font-weight: 400;">Trezor</span><span style="font-weight: 400;">, and </span><span style="font-weight: 400;">Safepal</span><span style="font-weight: 400;">. You can buy a hardware wallet online from websites.</span></p> 
<p><span style="font-weight: 400;">Hardware wallets are safer because they are not connected online compared to your metamask and trust wallet. With hardware wallets, you must sign in using your private key whenever you transact.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Is your <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> safe from hackers &amp; scams? </p> 
 <p>Protect your <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> with a self-custody wallet like <a href="https://twitter.com/hashtag/KleverWallet?src=hash&amp;ref_src=twsrc%5Etfw">#KleverWallet</a> or a hardware wallet like <a href="https://twitter.com/hashtag/KleverSafe?src=hash&amp;ref_src=twsrc%5Etfw">#KleverSafe</a>.</p> 
 <p>With your own private keys, you're in charge of your crypto's security. Don't wait until it's too late <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f609.png" alt="😉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/oyGBlLU6ej">pic.twitter.com/oyGBlLU6ej</a></p> 
 <p>— Klever Wallet (@klever_io) <a href="https://twitter.com/klever_io/status/1645353426740543488?ref_src=twsrc%5Etfw">April 10, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><b>7) Mindset</b></h5> 
<p><span style="font-weight: 400;">Hackers are becoming more intelligent. If you are to work for/with a project, check their handles to get the appropriate links. The rule we hear every time is DYOR (Do your own research). You need to verify the information before clicking on the links.</span></p> 
<p><span style="font-weight: 400;">Now, let’s look at some recent crypto scams:</span></p> 
<ul> 
 <li> <h6><b>Giveaway scams</b></h6> </li> 
</ul> 
<p><span style="font-weight: 400;">Do you want free money? That’s one way scammers lure people in, especially newbies. Scammers now pose as crypto Twitter influencers and host giveaways that drain your wallet completely. The next one they do is impersonate top influencers and clone people’s accounts.</span></p> 
<ul> 
 <li> <h6><b>Impersonation<i> scams</i></b></h6> </li> 
</ul> 
<p><span style="font-weight: 400;">Crypto scammers are wiser now. They impersonate government officials and top asset accounts. They present themselves as the authorities to solve your problems; meanwhile, if you click the link, your funds will be gone.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Scammers cleaned out over $4 billion in crypto in 2023.</p> 
 <p>Even my brother lost 5K USDT from his wallet.</p> 
 <p>Don't be the next victim.</p> 
 <p>Learn how to shield yourself from every type of crypto scam <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/uGnUiun6Jb">pic.twitter.com/uGnUiun6Jb</a></p> 
 <p>— Cyril – DeFi (@cyrilXBT) <a href="https://twitter.com/cyrilXBT/status/1780664886294646924?ref_src=twsrc%5Etfw">April 17, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<ul> 
 <li><b>Investment Scams</b></li> 
</ul> 
<p><span style="font-weight: 400;">An Investment promising high ROI sounds exciting, but it’s a scam. You know you have to put in the work to get what you want out of any system. These scammers make enticing offers that make you forget all the crypto scam-related articles you’ve read. Always be on alert.</span></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/how-to-safeguard-against-crypto-scams/">How To Safeguard Against Crypto Scams</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

How To Safeguard Against Crypto Scams

Altcoin Buzz

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