How To Protect Your Bitcoin Crypto Investment From Scams

3 Tips To Keep Your Crypto Investment Safe

If you are worried about the ever-growing number of crypto scams, you can protect yourself in many ways. There are a few handy options you have in order to protect your crypto investment and can easily avoid scammers. Let's take a deeper look.

There are several ways to smartly invest in digital currency, but it depends on which method suits you well. If you are new to this niche (who isn't?), you have to cover many aspects related to it. Most people can't invest in crypto with complete confidence not only because it's a volatile industry but also because there have been so many scams happening.

---

Scam Detectors Most Trusted Websites in Online Security

1. Guard.io (100): Surf the web safely. Clean up your browser, remove maliscious extensions and check for privacy violations.
2. Incogni.com (100): Delete your personal data from the internet and protect against scams and identity theft.
3. ExpressVPN (100) Stay secure and anonymous online - Best VPN Out There

---

Luckily, in this article we'll show you what to do if you have lost money to crypto crooks as well as trustworthy ways of recognizing legit platforms. Let's begin.

The rise of fraud is the main reason investors are scared of putting money in crypto. However, to avoid the scams, you can easily take a guide and tackle them all without facing any major issues. If you properly prevent your crypto investment, no one can attack you and steal your asset.

You can take some precautions by researching well the platform that caught your eye. The homework can give you the right idea of whether the platform is excellent or not good to use. However, don't fall for the Pig Butchering Scam approach.

Using the tips below, you can easily prevent your investment from scams and trade healthy. So have a look and focus on the points.

1. Verify Who Is Behind The Platform

The first thing you should always check out is the background data of the official website by which you are thinking to buy the digital coins. It is essential for all the investors that their site must be original and have good background to trust it and buy digital coins easily.

Therefore, when you buy the digital coin from the website, you first have to research the details of the founder, co-founder, history of the official website, and its working experience.

All the investors need to get the details so you can trust it and easily buy it at the time of buying. When you do research, you will know whether the platform is healthy to invest in or fake.

If there is no genuine information written, you can think that the platform or site is unsafe and healthy for buying digital coins. So it would be best if you never went with the option which is not healthy and doubtful to you because it can be a scam.

2. Check The Exchange On Verified Sources

Another tip is that you should always download the exchange and trading platforms from verified sources. There are a plethora of fake mobile apps that have started appearing online. It is healthier for you to be on the protected side and always download the verified source.

Undoubtedly, these apps are removed and verified soon after someone reports them, but you don't want to be the first to fall for it. It doesn't matter that they are permanently removed from the app stores; new ones always pop up. Same perpetrators, different app names. You should always check the details, even use Scam Detector's validator above. If it's verified, you should download that app. If not, you should avoid it.

You ought to be staying attentive and always pick the right apps from the list. The fake names are straightforward to identify.

Just pick on essential things from the original name and check in the name. If there is no similarity, you can get the idea that it is not original.

3. Protect Your Digital Wallet

Another tip is investing in the bitcoin crypto; you have to keep the digital wallet with yourself. It is crucial for all investors because hackers always target weak digital wallets and steal investments.

If you want to survive in this market from hackers, you have to secure the private and public keys from the third eye. If you are looking for the most excellent place to store the keys, nothing is superior to a cold wallet.

It is the only option that can protect your keys from the third eye, and one should always buy a cold wallet when selecting the digital wallet from the store.

Trustworthy Crypto Platforms and Exchanges

After the FTX major collapse news, we’ve been asked several times “what are THE legitimate crypto exchanges” on the market. After trying many platforms, we could only vouch for a few. You should check out the following Scam Detector’s verified exchanges:

1. Coinbase
Buy, sell, and store hundreds of cryptocurrencies From Bitcoin to Dogecoin, we make it easy to buy and sell cryptocurrency. Protect your crypto with best in class cold storage.

2. Binance

Binance is one of the most renown platforms out there, along with BitGet – but you probably know that. It’s trustworthy, so you can join HERE.

3. eToro

eToro is one of the most trustworthy crypto platform on the market (if you live in the United States you get a bonus up to 12% when you deposit – join HERE). If you live outside the United States, you can safely invest in eToro by clicking HERE

 

How To Report a Scammer

Let your family and friends know about this article on social media. You can also officially report scammers and any other suspicious activity to the Federal Trade Commission using this link:

Report To The FTC Here

How To Protect Yourself More

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodic emails – we promise not to spam.

Meanwhile, educate yourself with some other Amazon fraud-related articles right under this paragraph, so that you know how to stay safe online. Last but not least, use the comments section below to expose other scammers.

How To Avoid Common Bitcoin Scams

Could The Crypto World Be Cybercrime Free?