1. Research: Make sure to research any exchange, platform, wallet, or product that you are planning to use—even if it comes from a referral or trusted source. Check for reviews, ratings, and warnings from official sources such as the SEC or other government agencies.
2. Know Your Limit: Be aware of how much money you can risk and stick to it. Be wary of offers that sound too good to be true and double-check all promises.
3. Store Securely: Use secure wallets to store your cryptocurrency, such as hardware wallets, paper wallets, or web-based wallets from a trusted provider. Ensure that you keep your passwords safe.
4. Stay Vigilant: Educate yourself on the latest scams or frauds and always check URLs when entering websites. Don’t disclose personal information unnecessarily, even if the request appears to be legitimate.