⏪️ Introduction:
Many digital currency enthusiasts are exposed to a number of serious problems related to the loss of their wallets or their hacking by unknown persons. This problem does not exclude anyone, whether a beginner or not, and in this article I will try to talk about a group of points that every trader or investor in digital currencies must pay attention to, so that his wallet is not lost, or his money is stolen.
(In this article, I will focus on the hot wallet because it is more vulnerable to risk than the cold wallet).
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⏪️ First: The famous methods that cause loss and theft of digital currency wallets:
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1-Forgetting keywords or sharing them with known or unknown people.
2- Stealing user data through fraudulent links or emails, or exploiting weak passwords.
3- Linking the wallet to unknown or imitation sites with fraudulent goals.
4- Exploiting the open declaration function, which allows approval to transfer tokens on behalf of their owners.
5- Reward tricks using a fake currency or token, where fraudsters send fake currencies to users’ wallets from unknown parties, and when the recipient wants to exchange them or withdraw them to the platforms, his real currencies are stolen from the wallet.
6- Phishing via the Zero Transfer method, which is a new, more malicious fraudulent method, where the attacker creates an address similar to the target wallet by making the first and last few letters the same as those in the wallet they want to steal, then the attacker starts making a transaction from the victim’s address with an amount of zero to The malicious address, which leads to the fake address being displayed at the top of the list of transactions, and when the victim wants to perform any transaction, he chooses this address and only verifies its first and last letters, as we all do. Thus, the victim transfers large sums of money to the fake address, and it is stolen with this. Malicious hoax.
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⏪️ Tips to avoid losing your wallet and money:
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1- Avoid clicking on suspicious links.
2- Learn to save keywords on a special piece of paper and put it in a safe place. And never keep it on your computer or phone.
3- Try to unlink the wallet every time you link it to external sites.
4- Do a routine revoke to cancel the feature of giving permissions to withdraw from the wallet to third parties.
5- Try to deal with extreme caution with currencies that you accidentally find in your wallet and you do not know their source.
6- Never share passwords and keywords for your wallet with anyone, regardless of their type.
7- Avoid linking the wallet to unknown or suspicious sites, especially those that claim to distribute free currencies. If you are one of those working on projects that distribute currencies and tokens as a reward, it is better to use a new wallet.
8- When conducting any transfer or withdrawal transaction, you must verify the complete address, and not limit yourself to its first and last words. It is preferable to start with a small amount, until you are sure of the integrity of the process.
9- If you are a trader brother who keeps his currencies for a long time, it is better to keep them in a cold wallet away from the risks of a permanent and continuous connection to the Internet.
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⏪️ Conclusion:
In conclusion, remember, my trader brother, my trader sister, that learning the basics of maintaining a financial portfolio takes precedence over learning the basics of trading. It is foolish to achieve respectable profits and then waste them due to ignorance of the basics of protecting a digital currency portfolio.
❤️🌷 If you like the content, do not be stingy with a like and share the post so that the benefit is widespread. Know, my brother reader, my sister reader, that by sharing this post you may save someone from wasting his money, for the evidence of good is like the one who does it 🌷❤️
