How to avoid Cryptocurrency Scams

Below are some of the ways you can stay vigilant in the world of ever-evolving cryptocurrency scams. Remember, you are solely responsible for the protection of your assets unless stated otherwise by the custodian of your tokens, therefore you should employ as many risk mitigation strategies as you can to lesson your risk.

• Always use personal due diligence before sending or receiving funds.
• Visit the company’s website and verified social channels to confirm if information that you are seeing online exists there as well.
• Use updated browsers with built-in support for Google Safe Browsing, which will warn users of dangerous crypto scam websites or downloads.
• Digital wallet providers such as Metamask and Coinbase provide browser plugins that raise notifications when users try to connect to a scam site.
• Remember, if it sounds too good to be true, then it probably is.