Topic: How can we protect ourselves from scam? - page 24. (Read 5499 times)
It’s easy to protect yourself from scam, for this you need to be able to analyze and understand how the crypto system works, what a blockchain is, how to determine whether a blockchain needs a project or whether it was implemented only to raise funds, understand technical aspects, know how to understand a project team and in the market as a whole.
Only by ourselves, we should check all information and all projects very precisely, in todays conditions that's the only way to protect yourself.
Your computer must be well protected. Antiviruses are installed. And do not enter your data into unknown sites. You can always make a mistake and fall into the hands of scammers.
Use "Look with your ethereum address option" (view w/ Adress only) when you use your MEW electronic wallet to take a look for your balance. Do not click unknown links you don't know which are highly to be scam.
There are many statements, which say that needs to carefully select projects for investment. This is a good way to reduce fraud. But this is a utopian way. In crypto, not so many people. When there is a next pump, many new people will come and they will buy a lot of shit. I think that [experienced] investors will also be involved under the influence of FOMO.
In order to avoid fraud, we must carefully analyze the project before investing. We do not have to believe positive reviews or ratings. We must be able to make a decision on our own.
Very easily - you can only do it by yourself. Don't get greedy, remember that if something is too good to be true it is probably a scam, always do your own research.
Now it is difficult to protect yourself from scammers, only personal experience can allow to bypass scammers to the side, I think that the mechanisms of counteraction will appear with time.
We should always ensure that our wallets are properly secure using all of the right security measures
Make sure that you are the only one that has access to your private keys, do not store them online where someone can get to them
Be sure of what you are clicking before you click onto any site and input your wallet information into it because there are a lot of phishing sites out there
Make sure that you are the only one that has access to your private keys, do not store them online where someone can get to them
Be sure of what you are clicking before you click onto any site and input your wallet information into it because there are a lot of phishing sites out there
The only sure way to prevent yourself from scam is by proper due diligence before buying into any ICO. Some due diligence platforms like ICOBENCH will aid, but do your own research. Also there is a new scam in town called selfdrops, I will post a detailed explanation on that soon.
ICObench also have fake ratings, people paid them to rate good so many investors would see it and invest in it. I never believe in that selfdrop, it is obviously a scam, but many people have been risking on it 
Never try to follow other people, make your own way to find the best ICO so even if you fail you will still believe that all of that is the result of observations you get. the most important thing is always read the whitepaper whether or not a project has the potential
It is very difficult to reduce the number of scams. However, it is possible to reduce the chance of being scammed. For example, you can join discord groups that report scams.
It won't help that much. It is best that we just do our due diligence before investing in anything. You need to be very careful and recheck all your actions. Use strong passwords, 2FA
Not only you need to use strong passwords, you need to avoid to reuse passwords at all, I see that some people use very strong passwords but they use the very same one for a multitude of websites and services and as soon as a hacker gets hold of one of those passwords then he gets access to almost all your life and your coins.
The only sure way to prevent yourself from scam is by proper due diligence before buying into any ICO. Some due diligence platforms like ICOBENCH will aid, but do your own research. Also there is a new scam in town called selfdrops, I will post a detailed explanation on that soon.
It is very difficult to reduce the number of scams. However, it is possible to reduce the chance of being scammed. For example, you can join discord groups that report scams.
In my own thoughts, it's better to have a full knowledge first before doing something so that you can always be ready in case if there is something goes wrong. Also, never take an action if you have doubts on it because usually it will be resulted into nothing most especially here in digital world.
If we can protect ourselves from scam then everyone should have done it. The thing is that there is no guaranteed way for us to know if a project was legit or scam. Although there are things to check to know if the ICO was legit there are a lot of people getting scammed by ICO's every day. I think there will be a time that there will only be a few ICO's because they are going to be filtered and the scam ICO's will be minimized.
Not letting more people join in the ICO is going to let the scams go away. That would mean that they would be making no extra money. 
If we can protect ourselves from scam then everyone should have done it. The thing is that there is no guaranteed way for us to know if a project was legit or scam. Although there are things to check to know if the ICO was legit there are a lot of people getting scammed by ICO's every day. I think there will be a time that there will only be a few ICO's because they are going to be filtered and the scam ICO's will be minimized.
Indeed! Scams are everywhere, We must first secure our self from scams and other third party program. Doing review and researching before investing is a wise decision. Also having a crypto team is a bonus in making a decisions.
You need to be very careful and recheck all your actions. Use strong passwords, 2FA
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