*How to Avoid Crypto Scams* #scamriskwarning
1. Never Share Private Keys or Passwords
* Private keys and seed phrases are the only way to access your crypto. Legitimate entities never ask for them. Store them offline, ideally in a hardware wallet.
2. Verify Platforms and Projects
* Research projects thoroughly: check the team, white paper, and community reviews. Use scam trackers like DFPI’s Crypto Scam Tracker or Crypto Scam DB. Ensure websites use "https" and verify URLs.
3. Enable Multi-Factor Authentication (MFA)
* Add MFA to all crypto accounts and wallets for an extra security layer. Use authenticator apps over SMS where possible.
4. Avoid Unsolicited Offers
* Be skeptical of unexpected messages, especially on social media or dating apps, offering crypto deals or jobs. Legitimate opportunities don’t pressure you to act fast.
5. Use Reputable Exchanges and Wallets
* Stick to well-known platforms with strong security and KYC protocols. Download apps only from official app stores, and avoid direct downloads from websites.
6. Beware of "Too Good to Be True" Promises
* Guaranteed high returns or "free" crypto are red flags. Crypto is volatile, and no one can predict profits.
7. Double-Check Transactions
* Review all transaction details in hot wallets (e.g., MetaMask) before approving. Scammers may disguise fraudulent requests as legitimate.
8. Use Cold Storage
* Store significant crypto holdings in hardware wallets (cold storage) to reduce exposure to online hacks.
9. Stay Informed
* Follow trusted sources like the FTC, DFPI, or FCA for scam alerts. Learn about blockchain basics to spot inconsistencies in offers.
10. Report and Block Suspicious Activity
* Report scams to platforms, law enforcement, or agencies like the FTC or FCA. Block scammers and preserve evidence (e.g., screenshots, emails).
Note : this information for educational purpose only.
Source : Grok.