The cryptocurrency industry has two sides, just like anything else in life. On the one hand, if you can navigate it with enough skill, you may reap terrible benefits; on the other hand, if you’re not vigilant enough, you could lose everything in a moment. every last penny. Even in our little nation, play-to-earn games and cryptocurrencies are growing in popularity, which unfortunately means there are more risks than before.
In this article, we’ll cover the most basic security measures to take to avoid potential dangers, as well as what to do and what not to do when it comes to the world of crypto.
SCAM essentially includes any scheme that attempts to defraud and illegally extort money from unwary people. It can be a fake website that looks exactly like the real thing, and once you have entered your login details, you can say goodbye to your assets on the original site in about a thousandth of a second. But it could also be a fake coin that appears in one of our wallets out of nowhere, asking us to authorize it, and once we do, all the other real coins in our wallet have already floated away. Or it could be a private message on Discord saying you’ve been lucky enough to win some cryptocurrency, sign up or click here and there. And we could go on.
Perhaps there is no need to explain the fundamentals of how viruses and hackers operate. The difference between the two is that the former may be acquired by clicking on an unfamiliar link or installing a free application, whilst the latter either develops a SCAM or gains access to one of our less secure devices or mailboxes and extracts the data it need.
Sadly, the outcome is usually the same: you could lose, possibly even everything.
Fortunately, there are many ways to minimise the risk of these with care, patience and vigilance. The following tips apply not only to the crypto world, but also to protecting our fiat money and personal information in general.
1. Do not open unknown links
We are all aware of how alluring it might be to get an email or private message informing you that you have won some cryptocurrency for free and without obligation simply by being alive. Sadly, it isn’t how the world operates. NEVER click on questionable links, especially whether they come from familiar faces or unfamiliar websites. EVER!
For pages submitted to Google, the same holds true. Don’t take a chance and start opening them all if you discover that a search engine displays many sites for a term you are looking for (such as Binance).
Be cautious and request links from dependable individuals if you wish to sign up for Binance, establish a Ronin, MetaMask, or other wallet, or download a play-to-earn game. If you want to be sure, you may contact us at any moment or post a request for assistance on our Discord.
2. Use complex and different passwords!
There are innumerable tales on the internet of people who had their accounts compromised and suffered losses as a result of using weak passwords that were simple to guess and, frequently, the same across all interfaces. We cannot stress enough how wrong this is for you to do!
If you’re worried about forgetting your passwords, store them in a digital safe, such as LastPass, which is available on PC and phone. But there are countless other apps/programs that offer similar protection, so it’s worth reading up on the subject.
3. Use two-factor authentication and/or Google Authenticator
Turn on two-factor authentication and/or Google Authenticator wherever possible! Whether it’s an email account, crypto wallet or stock exchange, Facebook profile, Discord or other platforms, it’s always a good idea to strive for maximum security. Make it harder for hackers. 🙂
4. Verification(s)
You should always follow the basics since many websites that deal with cryptography demand authentication, without which they are practically useless. Setting up authentication measures like Anti-pishing Code, which we may type and which shows in the header of emails to verify that we have received the email from a reliable website, is also worthwhile for enhanced protection.
It’s also worthwhile to allow applications on your phone to recognize you using facial or fingerprint identification.
5. Do not save passwords if your computer/phone is not protected
Whether it’s virus protection, a digital safe, or a VPN, if you don’t have either on your phone or computer, don’t save passwords in browsers or easily accessible documents. The solution can be LastPass, mentioned above, or Windscribe on PCs.
6. Do not install unknown, free, “hacker” programs
Most recently, for instance, an application called KMSpico (if you know it, you know it) was discovered to have a built-in exploit that allowed users to access cryptocurrency wallets on the system and steal money from them. Of course, this is not an unique incident; this is something that several other systems have been shown to accomplish. Conclusion: Avoid downloading rogue free apps or hacking software.
7. Don’t show the Seed Phrase to anyone!
The majority of cryptocurrency currencies, including Phantom, MetaMask, Ronin, TronLink, and others, may be kept in their own wallets. The major benefit of them is that, as long as you have the so-called Secret Recovery Phrase security code of 12–24 words, they are safe and nearly impenetrable (exceptions are described in the preceding paragraph). Just with us! Never write these words down in plain sight, keep them in unlocked notes, snap a screenshot of them, etc. Don’t lose them, of course, if there is a way.
8. Don’t connect to public WiFi
Certainly not with the gadget you’re utilizing for your cryptocurrency company. But generally speaking, as they pose a risk of harm, we do not advise accessing public networks at all.
9. Quit unused pages/apps
And not just so that your mum, dad, brother, sister, boyfriend, girlfriend can’t see what you’re watching. 🙂
All joking aside, by logging out, quitting and closing unused sites/apps, you make it harder for spyware and hackers. So use this trick all the time, whether it’s on your phone or PC.
10. If in doubt, ask questions!
You probably didn’t stumble into the crypto realm by accident, therefore we may assume that you learned about it from someone who is more trustworthy and informed than you are. Find someone you can absolutely trust and approach them for guidance if you’re stuck or uncertain about anything. Just unasked ones; there are no foolish ones!
Additionally, keep in mind that the Guild welcomes all comers and is eager to assist in any manner if you don’t already have someone you’d want to chat to. Visit our website to get in touch or join us on our Discord server.
Remember to always be prepared, watchful, and safe!
AMG is a decentralized autonomous organization, bridging the gap between players and web3 game developers, bringin the next billion users into the metaverse.
AMG acquires non-fungible tokens (NFTs) used in blockchain-based games and acts as a trusted party advocating for games in the metaverse, thus bringing more people in.
We are leveraging strong partnerships with games developers and Yield Guild Games to launch our organization to the forefront of the Central/Eastern European gaming market.
AMG DAO has been building a game focused crypto wallet, guild management and other tools to keep contributing to the ecosystem, in order to aid the creation of games with sustainable economies.
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