Safety Precautions and Protection Against Scams
Because of the massive amounts of people that are getting scammed one way or another I seriously recommend taking all possible precautions in protecting yourself and your money/cryptocurrency.
So my background is U.S. Navy and because of my job in the Navy, security was always a priority. So a lot of this kind of comes as a natural way of doing things, I’m thinking to many of you it may come as overkill or unjustified. Especially when I say something like making several backups of important files and placing those backups in different locations. Or maybe making a folder with important information to leave behind for your family in case you die tomorrow. We wouldn’t want them to lose out of money/cryptocurrency that is rightfully theirs.
I know some of you probably think that you don’t have much or that if you get scammed out of $50 bucks then it’t no big deal. I’m here to tell you it is a big deal no matter how much it is. The money/cryptocurrency isn’t the only thing they take. They take your identity and information and use that to propagate their agenda and you could be paying for that later and I’m not speaking just financially. They of course can use that information for illegal activities and leave you to spend time and money trying to fix what they damaged.
Below are some of the recommended precautions and things to look for in general to keep yourself from being taken for a ride. I know some scams are duplicates but its just more information to learn more, you can never be too careful.
What are Crypto Rug Pulls? – As the crypto market evolves so does the terminology but not the capability of bad actors separating investors from their money. As the term states to pull out the rug (from someone like investors) means to remove support but in this financial world that support is usually liquidity in monetary value.
Crypto is booming – 5 ways to make sure you don’t get scammed – With a booming market many new crypto investors open their wallets only to find out they were scammed. Don’t forget the basics when it comes to investing in the crypto-sphere. If these basic red flags show up then it’s time to move on.
What is a Dusting Attack? – A new kind of malicious activity that has been increasing in popularity. This works by hackers sending you tiny amounts of crypto coins.
Common Bitcoin Scams – 8 Common cryptocurrency scams and how to avoid them; Phishing, Ponzi, Malware, Mining Scams, Pump & Dumps, Fraudulent ICO’s, Fake Exchanges & Wallets and Old-School Scams.
Beware of these Five Bitcoin Scams – Brief description of Shady Exchanges, Pyramid & Ponzi Schemes, Pump & Dumps, ICO’s and Coins that don’t exist.
5 Common Cryptocurrency Scams – Short over view of Hardware Wallet Theft, Exchange Scams, Fake ICO’s, Cloud Mining Scams and Multi-Level Marketing.
How to spot a scam ICO – ICO specific information goes over what to look for in the team, the whitepaper and other items.
