Protecting your cryptocurrency asset from scammers, a vital topic to look into

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One thing that I have grown to love about the hive blockchain is that when it comes to engaging we are trying our little best here. It is not as if we are the best but we are definitely trying if you are to compare this blockchain/ecosystem with other blockchain. In case you don't know, this is one thing that has kept this blockchain in one accord and united also. Since we have that opportunity in a platter of gold, it is being taken for granted but those that knows the value of engagement aside looking for upvote as reward, knows what the future holds for them. Let me talk a little as per the above. Take for instance that you are a friend to a big whale in hive blockchain, let say you were able to do this because you caught his attention through engagement on his post. There is every tendency that if you always drop comment on a big whale post any time he/she makes a post, he/she will knows you far better and might decided to give you listening ears when eventually you needed his help. Imagine you ask to have a personal discussion with him and a newbie from nowhere else did same, he will give you listening ears more than that newbie. This is the powerful benefit of always engaging, it opens opportunities more than just the reward that we are seeing presently.

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I will love to spare a separate post about engagement topic and how it is a tool that we should embrace aside the reward that we are getting from it. I won't lie to you, I am guilty of this engagement part because I am not doing it the way it is ought to be done. My own issue is that I am very occupied with a lot of activities that at times 24hours is not even enough for me to get my task executed. The funniest thing is that at times you will find me not even eating, I will be pressing my phone and before you knows it the entire day is exhausted. It is not easy at all I must admit. Truth be told, from the look of things we all can say that cryptocurrency is no longer a part time hussle but rather it has turned into a full time job. Once you are into the cryptocurreny ecosystem you will understand the message that I am trying to pass. The moment you joined the cryptocurreny ecosystem that is the day that you pick up a full time job. It is more occupied than even your full time job especially if you are the type that is still hussling and hunting for daily bread. By hustling and hunting for daily bread I mean somebody that is still struggling to have a good stand in life. Just because you are looking for possible ways to change your life around, it will requires you to push in a lot of effort into your cryptocurrency journey. This is what will steals your time 24/7.

As per the topic we have at hand, I was triggered to write on something like this, this is for me to spread awareness about users safety when it comes to their blockchain life. If you play with this you might be dealt with the hard way and when that happens it might sees you loosing out on huge amount of money. Scammers are everywhere looking for who to extort and exploit from. What you usually needs is to be cautious of what you are doing all the time. Don't for any reason thinks that you don't have enough money now so there is nobody monitoring you, scammers can steal your $3, they are not after what you have in place, they are just after stealing. Imagine stealing $3 from one (1000) thousand persons, that is good amount of money already. With that in place you should never play with your safety if not you might regrets it the hard and difficult way. Those that have lost their fund through scammers knows what I am trying to say, they knows the state it always leaves them. It is not something you should pray to encounter at all, it might happens in a period you had nothing, this might puts you in more bad state.

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I have seen a situation where somebody's account was hacked. Do you knows that this person almost took his life assuming there is nobody around him to give him courage. The funniest thing that made it worse is that he borrowed the money and at the end after the money was stolen the project he intended investing in did amazing well that the money he borrowed which he intend investing could have made him a billionaire in just a few period of weeks. Do you knows that up till date he is not himself, he is still dwelling in that issue and that has eaten into him and taken his life backward. Just like what I hinted above, getting caught in such manner is never a good idea, please applies safety when it comes to your cryptocurrency journey. Don't in any way get caught before you should learn, the essence of people's stories is for you to be wise. If you feels it doesn't matter maybe you will learn the hard way and somebody can learn from you story also.

What really triggered me to write about this post is simply because of the post that I came across which @alokkumar shared. He talked about his experience and how we can be safe too. Just like what I said above, I have discussed something on this topic before, I felt it is important to give reminder so that others can be safety cautions too. They are few things that you can do to be safe when it comes to your cryptocurrency asset, some of them include;

  • Don't connect your wallet to website you don't trust: This warning is going to those who are airdrop hunters, we should be cautions of the site we are visiting especially if it requires you connecting your wallet asset to them. You might get hurt while trying to look for your daily bread, please be safety cautious regarding this.

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  • Never send your wallet phrase to anybody: I am really happy that many people are already aware of this. Well, it is still a warning because some newbies still falls to this. Anybody or project asking you for this, you better run for your life, they are scammers. Don't give your cryptocurrency wallet phrase to any body, the moment you give such person that phrase it indirectly gives the person the same permission that you have to that account. That indirectly makes that person the owner of the account.
  • Use 2 factor authentication if there is need for it: If you are using a wallet that has this option you should endeavour to use it. It will surely helps you a lot when the need arises.

  • Use hardware wallet: If you have the money to go for hardware wallet you can opt for that, it is far better because it will gives better security to your cryptocurrency tokens.

With these little suggestions I believed I have been able to remind us about safety cautious especially when it comes to cryptocurrency.

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I will end the post here, hope you love it.

Posted Using LeoFinance Beta



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2 comments
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Hi @tfame3865

This you express "we are trying to compare this blockchain/ecosystem with other blockchains", somehow our blockchain has much more advanced security system than any other project in the blockchain.

Best regards, be well.

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