How to Safeguard Your Crypto: Expert Tips for Avoiding Scams and Phishing Attacks

If you become a victim of any crypto scam on any exchange, these are recommendations on what to do:

• “Stop all transactions involving compromised accounts, and lock or freeze your wallets or exchange accounts.
• Report the scam to both the exchange and law enforcement, as many exchanges have fraud teams that may help recover or freeze your funds.
• Revoke suspicious permissions using tools like Revoke. cash, especially if you’ve interacted with a malicious smart contract.

When it comes to avoiding phishing attacks, Jamesi’s top advice is to use a hardware wallet. “Keeping your assets offline with hardware wallets like Ledger or Trezor is one of the best defenses,” he says. James also suggests the following additional steps:

• Use multi-signature wallets to add an extra layer of security by requiring multiple approvals for transactions.
• Install phishing detection tools such as MetaMask’s browser extension to block suspicious links.
• Avoid clicking on unsolicited links from emails or social media, and always type URLs directly into your browser.