11 Tips for Avoiding Crypto Scams in 2024 (how to stay safe)
1 min read
Hi r cryptocurrency
Every other day someone posts on one of the crypto subreddits that he or she just lost their life savings due to some scam. So I thought I’d share a few ways to avoid tips to help newbies but also people who consider themselves veterans to stay safe.
be wary of promises of guaranteed high returns (bitconnect and olympus dao only use well-established cryptocurrency exchanges (thodex exit scam) don’t keep large amounts of crypto on exchanges (FTX, Quadriga) Always check urls that you are using (top google search results often contain phishing links) Use 2FA on all of your accounts email and exchanges. (Keep your 2fa email separate to your primary email and don’t use SMS 2fa) Keep your long-term holdings on cold wallets. (never sign any transactions with these wallets) If someone reaches out to you on a crypto platform or messaging app and mentions crypto 99.99% it’s a scam. Never type your private key onto a website Be careful with unverified chrome plugins Be careful running crypto code from a tutorial (All arbitrage bot videos on youtube are scams and will drain your wallet) Giveaway scams on youtube. Sometimes using Ai generated videos of celebrities. No one will give you money for free in that way.
There are probably quite a few more. Feel free to share this with people that are new to crypto.
What have i missed?
submitted by /u/xtarsy
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