1. Do Your Research: Before investing in anything, take the time to research what you’re getting into. Agreeing to invest without researching could easily put you at risk.
2. Verify the Exchange: Make sure that the exchange you’re using is reputable and trustworthy by reading reviews from other users and sites.
3. Use 2-Factor Authentication: Use two-factor authentication when setting up your account with the exchange. This way, even if someone gets your password, they won’t be able to access your account without the code sent to your phone.
4. Secure Your Funds: Always store your crypto funds in a secure hardware wallet or an offline vault. This ensures that your funds remain safe even if the exchange or other 3rd party gets hacked.
5. Avoid Suspicious Emails and Links: Crypto scams often involve phishing emails and malicious links designed to steal your information. So if you receive an email or link that looks suspicious, never click it.
6. Watch Out for Fake ICOs: Many scammers use ICOs (Initial Coin Offerings) as a way to separate investors from their money. Be sure to do your research before investing in any ICO and only invest in ones that have a good track record and a legitimate use case.