RE: Steemit Crypto Academy Contest / S6W5 - Common Crypto Scams And How To Avoid Them
Hey brother,
You have more than enough knowledge about cryptocurrency scams and I think every crypto trader should have such knowledge to prevent him from scams and frauds.
Two-factor authentication (2FA) is a must when it comes to protecting yourself from crypto scams.
You're right if we have turned this feature on than the chances of scams minimize because it is so hard to by-pass 2 factor authentication.
The things you mentioned for detecting a scam project will really help us to detect and distinguish between scam and legit projects.
Fake wallets may be hosted on unofficial app stores, which should be avoided at all costs.
Yes such apps say to download them from chrome and from website and show they are going to launch but they scam and run away.
Thank you brother for an impressive entry, keep working hard for the community.
We support quality posts anywhere and any tags.
Curated by : @steemdoctor1
Thanks for your lovely remark and support here brother. The implementation of Two-factor authentication (2FA) is one of the best way of minimizing crypt scams, as you are more likely to get notified during the process of the attack. And like I said about fake wallets, they are not usually found on official play stores, so we should be careful when dealing with unofficial apps.
Thanks for your time here my boss, I really appreciate ❤️ :-)
Brother, one thing keep in mind that 2FA is not ultimate solution. Hackers can bypass our no and email. My father account was compromised and he didn't receive any text on phone. later it was found that the hacker bypassed phone no.
Extra security like Google or Microsoft authenticator should be added.
Wow, I have learnt alot from you brother, thanks alot❤️:-)
But I learned a lot from your detailed article, Really thankful to you.