Post
Topic
Board Altcoin Discussion
Re: Five rules for avoiding scam in cryprocurrency
by
edmundo
on 22/09/2018, 20:04:40 UTC
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.


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.