Post
Topic
Board Beginners & Help
Re: Some tips to help protect yourself from crypto scam
by
Dzwaafu11
on 25/12/2023, 20:07:35 UTC
(1) DYOR (Do your own research) always verify the legitimacy of a project or platform before investing your money and time.

Doing your own research is very important because it will let you know the advantages and disadvantages of what you want to study. You will also know the risk of the investment, including how the investment works, how to store it, how to manage the risk, and any other things you will need in such a business. But while doing your own research, make sure you are getting that knowledge from reliable sources. Because if you follow only one source, you may get the wrong information, and you will fall victim to a scam project. So I will advise you to study any investment well before investing. You need to gather different knowledge from different sources of such investment before making any steps towards that investment.

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(5) Use trusted exchange and wallet.
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Using a trusted wallet is very good, but you copied this content from Binance News, which means you only copied what they posted without adding your own content to it. Using a trusted exchange is good, but don’t leave your funds there. Even though you copied their content on Binance News, I will not advise you to leave money in their exchange unless you need the money at that time. Because exchanges have more risk, Binance will not tell you that you shouldn’t use them to store your money because that is what they want. People should leave their money in their exchange, so with this, I think you should go back and follow the first step you mention. DYOR.