What are the most common ways that crypto gets stolen and how can I avoid them?

3 answers

• Dec 19, 2021 · 3 years ago
  One of the most common ways that cryptocurrencies get stolen is through phishing attacks. Hackers will send fraudulent emails or create fake websites that mimic legitimate cryptocurrency exchanges or wallets. They trick users into providing their login credentials or private keys, allowing the hackers to gain access to their funds. To avoid falling victim to phishing attacks, always double-check the URL of the website you are visiting and never click on suspicious links in emails. It's also recommended to enable two-factor authentication (2FA) for added security.
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• Dec 19, 2021 · 3 years ago
  Another common way that crypto gets stolen is through malware. Hackers can infect your computer or mobile device with malware that steals your cryptocurrency wallet information. To protect yourself from malware, make sure to regularly update your operating system and antivirus software. Avoid downloading files or clicking on links from untrusted sources. Additionally, consider using a hardware wallet, which provides an extra layer of security by keeping your private keys offline.
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• Dec 19, 2021 · 3 years ago
  At BYDFi, we prioritize the security of our users' cryptocurrencies. One of the best ways to avoid crypto theft is by using a reputable and secure cryptocurrency exchange. Choose an exchange that has a strong track record of security and implements industry-standard security measures, such as cold storage for funds and regular security audits. It's also important to use a unique and strong password for your exchange account and enable two-factor authentication. Additionally, be cautious of sharing sensitive information online and be wary of suspicious emails or messages asking for your personal information.
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