How to Keep Your Cryptocurrency Safe?
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Join- https://t.me/btctradingclub
The risks of investing in this market don’t end there. On top of all the ways you can lose your own money, there are also external forces who will happily take it from you.
Cryptocurrencies and Blockchain are still in a very early stage of development. We’ve seen several incidents where large exchanges and blockchain protocols were hacked, and millions of dollars were stolen. For example, More than $1.7 Million has been stolen in recent mid-may Verge (XVG) hack. The Korean exchange CoinGrail was recently hacked for the tune of $40 million USD. Don’t even get me started on Mt. Gox, that hack sent the market into a bear run that lasted for years. Beyond the larger scale hacks, typically aimed at HoneyPots (a honey pot is a very attractive target for a hacker, usually any centralized source of crypto storage, i.e. an exchange wallet). It’s a lot more appealing to hack an exchange wallet than it is to hack a persons personal wallet.
Token Sales and Initial Coin Offerings are also highly targeted. Scammers are quick to take advantage of founders by reaching out in official telegram groups posing as Twitter and Youtube personalities. They’ll ask for payment in BTC in order to be featured in a video, and if you happen to fall for it, disappear as soon as they have the funds. We have 24/7 community support in the mesmr Telegram channel, and our mods are hard at work banning these scammers on a daily basis. There is no end to the types of scams, and dangers that you face when dealing in this market.
But again, you can’t have your cake and eat it to. The reasons this market has brought life changing returns to early investors is the same reason its’ dangerous.
Lack of central authority.
Instead of complaining about it, my solution is to offer you a quick guide on remaining safe in this space. I hope you enjoy it.
Join- https://t.me/btctradingclub
The risks of investing in this market don’t end there. On top of all the ways you can lose your own money, there are also external forces who will happily take it from you.
Cryptocurrencies and Blockchain are still in a very early stage of development. We’ve seen several incidents where large exchanges and blockchain protocols were hacked, and millions of dollars were stolen. For example, More than $1.7 Million has been stolen in recent mid-may Verge (XVG) hack. The Korean exchange CoinGrail was recently hacked for the tune of $40 million USD. Don’t even get me started on Mt. Gox, that hack sent the market into a bear run that lasted for years. Beyond the larger scale hacks, typically aimed at HoneyPots (a honey pot is a very attractive target for a hacker, usually any centralized source of crypto storage, i.e. an exchange wallet). It’s a lot more appealing to hack an exchange wallet than it is to hack a persons personal wallet.
Token Sales and Initial Coin Offerings are also highly targeted. Scammers are quick to take advantage of founders by reaching out in official telegram groups posing as Twitter and Youtube personalities. They’ll ask for payment in BTC in order to be featured in a video, and if you happen to fall for it, disappear as soon as they have the funds. We have 24/7 community support in the mesmr Telegram channel, and our mods are hard at work banning these scammers on a daily basis. There is no end to the types of scams, and dangers that you face when dealing in this market.
But again, you can’t have your cake and eat it to. The reasons this market has brought life changing returns to early investors is the same reason its’ dangerous.
Lack of central authority.
Instead of complaining about it, my solution is to offer you a quick guide on remaining safe in this space. I hope you enjoy it.