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

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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.
Randula JLK Answered question October 31, 2024
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How to safeguard your crypto:

Create a coinbase account
Deposit some $$
Buy superverse
Hold it

Now only you’ll money we’ll be safe, but it would grow at the same time

Randula JLK Answered question October 31, 2024
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