On today vlog I will be talking about crypto scams and security so that none of us would one day be a victim cause I know how frustrating it can be .
1.Phishing:most scammers are found of creating fake websites or they pretend to send emails claiming to be legitimate crypto platforms or companies,by tricking users to provide or fill their login credentials.
2:ponzi schemes:this type of scame is the most common one among us ,because of how desperate we are looking to make money and get quick money this scammers go ahead by promising high returns with little or no risk at all but they rely on new investors money to pay returns to earlier investors.
3:Fake exchanges and wallets:these scammers sometimes create fake cryptocurrency exchanges that look legitimate but their main aim is to steal or scam people of their money .
4:Fradulent ICOs.Scammers often create fake ICOs to raise funds for nonexistent projects with the intention of not delivering any of the promises that was made .
5:Social engineering:some of these scammers impersonate well known figures in the crypto space to manipulate users that are sending them any cryptocurrency.
Here are some remedies to avoid been scammed .
Research:Always make sure to research about platforms and projects before investing into any one .check for reviews,check the community forums and also make sure to verify the team behind the project that is been hosted .
Make sure to secure your wallet :use hardware wallet software wallets with strong security to avoid any second party gaining access to your wallet.
Always enable Two -factor authentication.Always add an extra layer of security to your accounts it can help prevent any unauthorized access.
Be vigilant and take proactive measures,by minimizing the risk of falling victim to crypto scams and keep your security in the digital assets space .
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