1. Stay Vigilant: Remain vigilant and skeptical of unsolicited messages, especially those urging you to invest quickly or promising guaranteed returns. Scammers often use pressure tactics to manipulate victims.
2. Verify Contacts: Always verify the identity of individuals or organizations contacting you about investments. Check official websites, social media accounts, and contact information to ensure legitimacy.
3. Ignore “Pump and Dump” Schemes: Avoid participating in “pump and dump” schemes, where scammers artificially inflate the price of a cryptocurrency before selling off their holdings, leaving unsuspecting investors with losses.
4. Use Cold Storage: Consider using cold storage options, such as hardware wallets, to store your cryptocurrencies offline. This reduces the risk