Bitcoin Forum

Dear everyone,
Today i would like to share my experiences for those begin crypto. There are 5 basis rules to avoid scam:

- Rule 1: Setup strong password for all your accounts and dont use same password for all. You should write all your password into paper and carefully keep your password to safety place.
- Rule 2: allway check twice when you make the transactions. You should only copy the adress or scan the QR code when you fill the deposit address.
- Rule 3: You should use offline hardware wallet for long-term holding. You also consider use a separate ubuntu computer only for transaction.
- Rule 4: Double check all websites related to crypto. You will avoid the fake website by this way. I suguest you bookmark all trusted websites and also use Metamask extention for avoiding fake MEW.
- Rule 5: Dont download any high risk file to your computer and also use antivirus sorfware.

This is my experiences which i have learned from the others and internet. I hope 5 rules helpful for newbie. If you have any idea, please drop here! We discuss together!
Thank for reading.

In addition, you need to copy your addresses and passwords related to crypto currency to 2 other media or USB and hide them well. Just not on the phone, because the phone is easy to steal. Be careful and attentive always when working with crypto currency.

I think rule number four (4) is one of the highest ways through which most phishing scams associated with MEW have all come from. It is very easy to neglect a site once it has a replica of the original and this is why people fall for most phishing scams. Recently, the popular DEX site ether delta was cloned in such a way that it was very difficult to identify the phishing ether delta site from the original because it was just too similar. The exact same thing has happened to Idex in the past. If you are in a hurry, you might end up falling for these kinds of scams. My advice is, always ensure you bookmark the original sites and only access them through the bookmarked links, with this, it should be difficult to fall for phishing sites.

Mainly your concern about the security. With low security or no knowledge about all those things leads to sometimes loss of our coin easily. Even you should add the one rule Don't trust anyone. Sometimes we trust someone made us in loss or scam.

another good rule is to install some useful extension in chrome like Ethaddresslockup and other for blocking fake websites and websites that try to steal your data.

SCAM projects are very difficult to distinguish. These 5 conditions are important, but not enough to determine. I think, everyone has to be more careful.

These rules need to be followed always strictly. I advise to expand this list and to add to it some more rules which will help to save your money

How I wish people can read and follow this rules to avoid being scammed. With just a simple rule like this one can simply avoid the scammers.

I thank you for your advice and the experience that you have conveyed here. Of course this is very useful for us users who still have little experience. I strongly agree with point number 1, to store outside the computer and save or write on paper. At least it's very safe and out of reach of crime. Unless we make our own mistakes when entering the wrong website. Thank you for your insight. Always success.

An anti-virus program isn't sufficient enough, you will need to ensure your operating system is fully patched up with the latest security updates, and the browser as well. A lot of scams are fake ICOs and it's very difficult to determine which ones are real and which are fake, it's often just about luck

These are great tips and let me just add one of mine to your tip #5. Besides using antivirus program, use anti-malware program as well. Some websites that we visit, try to secretly install malware on your computer and in crypto space, there are a lot of scam websites. This is one step further to insure your computer is malware free.

Hi Nestade, as i clearly say, some rules above i have learned from the others and internet. I see this is the basis rules but helpful for newbie, so i collect and share for everyone. I hope people pay attention to the smallest things to avoid scam. Thank for your contribution.

Thanks for the very good advice, we need all of these and even more to protect our cryptocurrencies. Because fraud sector is highly developed.

Yes, i am using an internet sercurity program and i run scan virus every day to delete high risk files and more..

I think those are good guide lines to secure your money in crypto. You should also add that your computer must have good security to avoid malwares and viruses that can give away your infornation to hackers. Avoid clicking links jn your computer because it can put your computer at risk. Make sure that you also know what you are doing in crypto, when I was new in crypto I lost some money in buying coins and forgetting to save the pass phrase after downloading the wallet.

Thank you for sharing your experience as well as your tips on how to avoid scams. Well, I guess it is really relevant nowadays to be aware of these things and we have to protect our accounts. This is a great guideline to all especially to newbies that are not familiar with these things.

Great tips as you are suggesting on how to keep yourself away from intruders.

And for scams, don't invest to a project that you are not aware of it. Check all the details clearly so your money will be safe and sure if the project you entrusted your hard earned money is legit and not a scam. Don't be scammed and don't get phished everyone.

To determine and avoid a scam project, we have to learn and experienced too much items. Before newbies come to crypto, i hope they read and understand some basis rules to self prevent.

I have several tips to help:
1. Always verify a Web wallet’s address, and don’t follow links to an Internet bank or Web wallet.
2. Before sending, double-check the recipient’s address (at least check the first and last characters), the amount being sent, and the size of the associated fee.
3. Write down a mnemonic phrase that allows you to recover a cryptowallet if you lose it or forget your password.
4. Keep a cool head and make informed decisions when crypto-investing, and don’t panic or hurry.
5. Always remember that crypto-investment is very risky. Do not invest more than you’re ready to lose at any moment. Diversify your investments.
6. Use cryptocurrency hardware wallets.
7. Run high-quality antivirus protection to protect the devices you use to access cryptowallets, trade on crypto-exchanges, and so on.

I don't understand your arguments of this topic because you are talking on how to avoid scam which mean we need to make sure our invested money is safe that the projects are not fraud. Is changing our password will tell us that the certain projects is not a scam? Among the rules only no.4 is the one that i only see fit to avoid scam.

If you really want to get serious about your security, any computer that you store coins on you should NOT use for email or general web browsing or anything else that would possibly require you to download something or enter a username or password into that particular PC.  Also, if you are freaked out by clicking links in emails and such you can get an old phone or tablet, do not use it for crypto, but have your email accounts on that.   You can click all the links you want and they won't be able to get your coins because they aren't on that device, and as an added bonus factory resets on these devices are simple.

Can you tell me what was wrong if you lose password or the others find your password? I am sure that Hacker and scamer will take all your balance. I think this is easy to understand, if you have any question, DM me!

I have no arguments with the hackers as they are a cyber threats in which all rules you have mentioned are applicable but in my own understanding that if we talk about scammer this means that we should ensure that their projects are not a fraud so that our money will not be taken away by them during investing. Sorry Pal maybe i misinterpreted it if scam for me is just all about facilitated projects only and i stand to be corrected.  :)

Another good rule I think is to try to be calm and logical, and avoid FOMO or panic as these can lead to bad decisions.
Airdrops that require KYC are a good example - perhaps some are genuine, but some are definitely phishing scams. If an airdrop has a limited number of places, it can be tempting to give away KYC information in order to take part... but don't, it's really not worth the risk.

       We are very thankful to this rules and information and  we must to follow this guide considering that hackers are better than us , ever since we are very lucky that they are not forgetting small practitioners , but just to do safely , we must be careful to our account .

Everyone should read this informations carefully. There's a lot of fraud on the market right now. If we're careful, we'il never have a problem.

Easiest way to go about things is to use your common sense, there is really nos such thing as a free lunch so apart from airdrops you should be wary of anything that offers you something for nothing.

Never click on links anywhere in emails or private messages on Slack or Telegram, always type in the url ureself to access wallets and other finance related websites.

Nice and valid points, I'd like to add Don't click any tempting link in the email, giving lucrative offers, messages which include our latest purchase like this (your coins are locked, complete KYC using this link to unlock them), free eth, free coins or anything. Don't send Eth to unknown address having free tokens(Your eth will go away within a blink of eye.)

These are useful hints that should guide the way we relate with third party website as regards our funds. I personally make it a rule never to download indiscriminately on computers where I hold my funds.

Add to rule number 1:
+Have 2FA verification on the exchange account
+Have at least 3 type of password, for the untrusted site, for the trusted site and last, for Google/Facebook.

These rules are more likely applicable to avoid hacking than scamming, the strong passwords, phishing websites, malware, cold storages and double checking are part to avoid getting hacked nevertheless this is helpful specifically for newbies of crypto to protect their holding and investments against fraud around devices and Internet this is a must and basic for all of us.

Thanks for the very high quality advice. I adhere to many except the hardware purse. Since there is no way to buy it yet. And I can say one more criterion. Check the links through virustotal.

All is written correctly. I believe that the most important rule is the attentiveness of the user. If you are careful in your actions, you will be safe.

in my opinion, we have to do rules number 5 often. We must be very careful about the application that we install. Does it contain malware or not. like we know like the events of a few months ago about ransomware which caused huge losses even to people who didn't use cryptocurrencies. always check with official websites like myetherwallet, blockchain or other crypto websites so it's not easy

Yes ok, does an internet security program contain anti-malware scanning tool as well? Because not every antivirus software does... There exist some standalone programs like Malwarebytes, which is among the best in their area of expertise.

Maybe OP want to give us suggestion how to secure our asset from all thing that can cause we loss our asset, scammed is one of it. And if you have something to add, it is ok to put on your suggestion especially how to avoid scam project in crypto.

You are right Bro, "scammed is one of it"! I only put the basis rules for newbies when they start in the crypto world, the topic for avoiding scam project should be discussed in next post. Thank for understanding!

The rules are of high standards and every newbie should follow.

In addition to the points accrued, scam in crypto currency this days is beyond been careful of exposing security passphrase.
We need to not trust anybody, because the thieves convince you to trust them, and once you trust them. they defraud you..

Never trade with an outsider, never borrow your friends phone to make a trade.
keep those unexpected sources far from you.