With Bitcoin gaining in popularity over the past few years, many people saw different opportunities. Some were risking their entire life savings to invest them in bitcoin; others were looking for an easier way. Scammers realized this is a fantastic way to get rich on other people’s back. Some of them didn’t even want to get rich. This is why we will guide you on how to protect yourself from potential damages.
- Fake Exchanges
Fake Exchanges are really accessible. They even have great marketing!
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You can see almost on every social media a banner that offers you to buy ‘’Cheaper’’ Bitcoin. When you first go to an exchange, first make sure that the HTTPS is secure. If the HTTP is missing the S that means that the site is not secure. Most of them disappear after a few days. Make sure to refresh the site a few times and check the domain name also.
- Fake Wallets
Fake Wallets are usually harder to notice that are actually fake. Usually, scammers use malicious software for your wallet and the goal is to infect it in order to steal your private keys or passwords. Before you decide to use one, make sure you research and find some reviews from users in the bitcoin community. Also, the best idea is to buy a hardware wallet.
- Malware
No matter how much the security and privacy of cryptocurrencies grow, the knowledge and abilities of the hackers grow proportionally. It’s best if you don’t open unknown emails, texts, and links. At least, it’s simple for users to find legitimate sources for downloading anything you want, just ask users in the community or try to get in contact with some experts and professionals. It’s very important to do a lot of research and reading.
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