What are the best practices to avoid falling victim to phone hacking scams targeting cryptocurrency users?

3 answers

• Nov 26, 2021 · 3 years ago
  One of the best practices to avoid falling victim to phone hacking scams targeting cryptocurrency users is to enable two-factor authentication (2FA) for all your cryptocurrency accounts. This adds an extra layer of security by requiring a second form of verification, such as a code sent to your phone, in addition to your password. It makes it much more difficult for hackers to gain access to your accounts even if they manage to obtain your password. Remember to choose a strong and unique password for each of your accounts as well.
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• Nov 26, 2021 · 3 years ago
  Another important practice is to be cautious of phishing attempts. Hackers may try to trick you into revealing your login credentials or personal information through fake websites or emails that appear to be from legitimate cryptocurrency exchanges or wallets. Always double-check the URL of the website and make sure it starts with 'https://' and has a valid SSL certificate. Be wary of unsolicited emails and avoid clicking on suspicious links. When in doubt, contact the official support channels of the exchange or wallet to verify the authenticity of the communication.
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• Nov 26, 2021 · 3 years ago
  At BYDFi, we highly recommend using hardware wallets to store your cryptocurrencies. Hardware wallets are physical devices that securely store your private keys offline, making it nearly impossible for hackers to access your funds remotely. They provide an extra layer of protection against phone hacking scams and other online threats. Remember to purchase hardware wallets directly from the manufacturer or authorized resellers to avoid counterfeit devices that may compromise your security.
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