Topic: How to stay safe from scam cryptocurrency app. - page 2. (Read 267 times)

To easily know reputed apps on playstore, many people would have downloaded the app, like 500 thousand to 1 million people would have downloaded such app, this makes it authentic, there will be some that have 1000 downloads, these are the fake ones. But, still, I will not advice anyone to make use of playstore for download, that is why I like your number 2 content.

From OP
2. If you're going to download a cryptocurrency app, make sure you get the link from the company's official website.

If an app is not approved, it won't be on playstore, there a many scam approved apps, some will later be reported before it will be removed. Thanks to Bitcointalk, because there are many we have reported, especially fake Electrum app that was later removed.

Yes, including seed phrase which is the most commonly demanded for by scammers.

Do not totally trust reviews, it can help but there are many companies paying people for good review. Just trust forum like Bitcointalk. If you are not sure about an app, just bring it up here for people to review it for you, especially crypto wallets.

I anticipate that as bitcoin becomes more popular, more altcoins will emerge, which will lead to an increase in the number of scam cryptocurrency apps available on Google  Play store. People will start creating apps using a project's name for the app, even if the project is legitimate but they don't have an app yet, therefore the app is a scam which is uploaded on Play Store with the intent of defrauding people.
If you're installing a cryptocurrency app on Google Play, I believe you should follow some basic precautions to avoid downloading a scam app, which include.
1. Only install apps from the App Store that have been approved.
2. If you're going to download a cryptocurrency app, make sure you get the link from the company's official website.
3. Never give out sensitive information, such as your wallet private key or password, on any website or application.
4. Always read people's review about the App on playstore first before downloading it.
5. Always take your time and ask on their official Telegram if the app on playstore is the real one or always ask for the link to their app on Telegram before installing it on playstore.
Thank you, I hope this will be of great assistance since, given the rate at which scammers are proliferating in the cryptocurrency world, I believe we must exercise extreme caution in order to avoid losing money to them.