Tips to avoid falling victim to a cryptocurrency scam

Tips to avoid falling victim to a cryptocurrency scam

1.- Good protection Although not all scams have to be related to software or a web page, it is inevitable that, being a digital sector, the first advice is to have a well-protected computer. It is advisable to have an updated operating system and protected with a good antivirus.

2.- Gather prior information Buying a product in a store or supermarket involves a sum of factors that influence our final decision: the reputation of the brand, the degree of customer satisfaction, prior information on the characteristics and quality of the service or product in question, etc. . When buying cryptocurrency it is advisable to proceed in the same way. What to look out for? It is mainly important to review the tax data of the company, as well as the opinions of other users.

3.- Access secure websites When buying cryptocurrency, check that the connection is secure and that you access an https web address. That is, it complies with security protocols. If the web page you are accessing has a security certificate, the browser will show a padlock-shaped icon next to the url. In this way, you will prevent your data from being intercepted. In addition, it is important to ensure that you are accessing the correct web addresses and not fraudulent links that appear in Google ads, on social networks, in related forums or even by email. Check the sender of the email and pay attention to the wording, as spelling errors are common in phishing techniques.

4.- Control your own wallet It is recommended, first of all, to know the safest wallets to store your cryptocurrencies. Cold wallets are very safe methods, although not suitable for confused people. Second, it is essential that the wallet is managed by the same person who buys cryptocurrency. Otherwise it will not be possible to recover the acquired cryptocurrencies. To avoid all this, bitnovo does not allow third-party wallets. When confirming the transaction, the user must accept the condition of acknowledging that the wallet used is their property and not that of a third party.

5.- Enable double authentication Strengthen the security of your passwords. With double authentication or 2FA enabled, a second key is required to verify your identity. Thus, even if your passwords are appropriated, a temporary code generated from your PC or mobile device will be requested to keep your data and money safe. If you are a bitnovo user, you can enable this tool through the web panel by following this 2-step verification procedure.

6.- Don’t believe in miracle preachers You will find many users online who pose as experts in the field, offering miraculous services and advice to multiply your cryptocurrency funds, encouraging participation in projects or investments with incredible benefits in the short term, etc. Always be clear that miracles do not exist, otherwise everyone would be rich, and that nobody gives anything away. As a user, by following these simple tips, you already know how to avoid cryptocurrency scams or, at least, how to make it a bit more difficult for cyber attackers. From the other side, as an official platform for the easy purchase / sale of cryptocurrency, bitnovo has always demonstrated its commitment to offering a service that is as secure as possible


Nice and informative. Thanks for sharing!