With the rate everyone is rushing to enter the crypto space, it is actually quite necessary to pay attention to what we need to do and what needs not to be done. In fact, I have come to discover that a lot of users keep investing in the crypto space daily but it is looking like their funds are been manipulated. As the crypto space continues to grow massively due to lots of people joining, so also we are now having a lot of issues around scams and hacks which should not be so.

One of the things that make transactions in trh crypto space quite so delicate is the fact that crypto transactions can not be reversed. Once a money is gone, it is actually gone. Unlike our traditional banking system that we are used to which some transactions can still be be reversible. The fact that crypto transactions can not be reversed is something that calls for attention and better security.

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There is a need for you to protect your funds and generally your crypto capital from issue like hacks and scams. The first thing you even need to do before we talk about the crypto protection is for you to understand the threat landscape. What do I mean by that?, it is for you to understand the diverse ways people funds are been attacked. This will give you a better understanding on how to avoid those hacks and scams.

When it comes to crypto hacks most especially, the major way it comes is from phishing attacks. In fact this is the most common type. Phishing works in a way whereby the hackers will give you some false wallet keys and passwords. Sometimes it can come from fake text messages, come from even fake websites. If you click on it, they have access to your password which they can now use to hack you.

Another popular type of hack is when the engage into exchange hacks. Exchange hacks is common and during this process users lose a large amount of money. Hackers even now make use of shitcoins which come in the form of rug pull and scams project. Some make use of impersonation scams whereby someone will stand to represent a popular influencer just to have access to your funds and even your capital. I can keep mentioning more but these are the major ways hacks and scams take place and it is necessary we should have understanding about them.

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Now let me talk about the principles for you to follow tomorrow your funds safe. The first is for you to make use of cold wallet. How I wish I understand this at the early stage of my crypto trading. It will have preserve me some loss. A cold wallet is that type of crypto wallet that is actually connected to the internet. It makes it so difficult for it to be hacked except the permission of your password. Not only that, you can back it up with enabling two factor authentication. Using 2FA on your crypto account is security assured also.

The other form of security measures I can prescribe is for you to always be careful of the link you click. The issue with many people is that they just click link anyhow and before they know it, they click link that are actually phishing. This should not be so. You should always check some URLs and even some projects before you invested because there are some people just like I said pretend as influencers of crypto projects but they are just scams. Then there are some like hot wallets just that I will not recommend it.

You can make use of hot wallets like metamask, trust wallet, tronlink pro and other exchanges. But the issue is those hot wallets are not reliable. They are always subjected to scams and hacks. What I used to tell people is that scams are not that really difficult to notice. You can actually be able to note them at the early stage because sometimes scams are too good to be true in appearance.

As I conclude actually, it is not really that difficult for us to notice all those scams and hacks if only we put the right thing in place. But most of the time, our greed have blinded us that even when we see fake projects and we know that this is actually a fake project, we still go ahead to invest in it because we thought we should be able to make quick money from it and at the end of the day, we fall into the hands of hacks and scams that if only we are careful, we should have been able to avoid.