Topic: Crypto Scams - Fake Wallets - page 2. (Read 347 times)
Use trusted wallet on Google application that people are using for a long time.. it mean the wallet are useful and legit. Ask your friend which wallet they are using and ask about their experience about it... do not experiment on new things specially when your money is on stake... you might loss everything...
With a series of threads I want to draw more attention to all the scams in the crypto-scene to better protect all attentive newbies from fraud.
From time to time there have been fake Apps in the Apple Store or Google Play, where users lost their Bitcoins that they tried to send to these wallets.
Here is a case, where a user lost 19 Bitcoin to a fake wallet:
"Help! My friend lost 19 coins on breadwallet! He lived on the otherside of the world and wanted to put some $ into bitcoin so I helped him buy and told him to download breadwallet. I sent $1 as a test. Then $15,000 aud. The next morning there's a sent transaction for the whole amount. He doesn't even know how to send yet and didn't plan to. Help! What's our recourse!"
"Are you sure your friend downloaded breadwallet by breadwallet LLC, and not the imposter scam app that was briefly in the app store last weekend?"
"On closer inspection of his iTunes purchases it doesn't have the LLC but it's identical in every other way. So fucked up Apple lets that shit through!"
To prevent these situations, you should consider using tried systems, and always use original links. Here are 6 things to keep in mind when trying out a new wallet:
1. Check on bitcoin.org to see which wallets are most trustworthy and used by the community.
2. Use links from the original pages, and make sure to not land on phishing-copies which look exactly like the original sites (check URL)
3. Check the reviews of the App. These can also be manipulated, but the probability is low when they have 1000+ good reviews.
4. Be careful with new wallets: If you want to try them out, make a background check. What team is behind it? How do they earn money? Why would they not simply take yours?
5. If things are unclear, talk to your friends about it with more technical skills.
6. In the best case, use wallets which have no need for third parties, where you and you alone are holders of the private keys.
Here is my overview thread about all crypto-related scams out there.
Have you had experienced anything around fake wallets? Are there any points I should add or change? And most important, how can we protect new users from fake wallets if they do not inform themselves enough?
From time to time there have been fake Apps in the Apple Store or Google Play, where users lost their Bitcoins that they tried to send to these wallets.
Here is a case, where a user lost 19 Bitcoin to a fake wallet:
"Help! My friend lost 19 coins on breadwallet! He lived on the otherside of the world and wanted to put some $ into bitcoin so I helped him buy and told him to download breadwallet. I sent $1 as a test. Then $15,000 aud. The next morning there's a sent transaction for the whole amount. He doesn't even know how to send yet and didn't plan to. Help! What's our recourse!"
"Are you sure your friend downloaded breadwallet by breadwallet LLC, and not the imposter scam app that was briefly in the app store last weekend?"
"On closer inspection of his iTunes purchases it doesn't have the LLC but it's identical in every other way. So fucked up Apple lets that shit through!"
To prevent these situations, you should consider using tried systems, and always use original links. Here are 6 things to keep in mind when trying out a new wallet:
1. Check on bitcoin.org to see which wallets are most trustworthy and used by the community.
2. Use links from the original pages, and make sure to not land on phishing-copies which look exactly like the original sites (check URL)
3. Check the reviews of the App. These can also be manipulated, but the probability is low when they have 1000+ good reviews.
4. Be careful with new wallets: If you want to try them out, make a background check. What team is behind it? How do they earn money? Why would they not simply take yours?
5. If things are unclear, talk to your friends about it with more technical skills.
6. In the best case, use wallets which have no need for third parties, where you and you alone are holders of the private keys.
Here is my overview thread about all crypto-related scams out there.
Have you had experienced anything around fake wallets? Are there any points I should add or change? And most important, how can we protect new users from fake wallets if they do not inform themselves enough?
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