I think the most effective way to avoid losing property is to use a hardware wallet and back up your private key with pen and paper! If you trade every day, then you should not log in to any website outside of the transaction or click on any links you are not familiar with!
I completely agree with you . It is the safest and most simple for us to protect ourselves 
Topic: Precautionary Steps to Avoid Becoming A Victim of Crypto Crime (Read 305 times)
October 30, 2018, 11:53:17 AM
I will soon start deleting the reposts I have made that are from cointelegram, they may assume I really have a lot of money to invest in crypto. I don't know if anyone is going to be interested in kidnapping me, I look poor as ever but probably if all the tokens I hold will have a value as astonishing as $5M I might be abducted. SEen eough warning not to approve friend request but I did approved some.
October 30, 2018, 11:43:25 AM
These are the steps that anyone should follow. Not only for bitcoin but also for any any other precious things. But yes, when it comes to bitcoin you need to be careful everytime.
October 30, 2018, 11:41:54 AM
These are some important cautionary steps. I would like to add one more point and that is adding an encryption only you can decode as this will further secure your cryptos.
October 30, 2018, 11:41:32 AM
I completely agree with your points of being cautious specially no 7. It is better to meet in public places for person to person transaction in order to avoid getting into any trouble.
October 30, 2018, 11:41:13 AM
I would also suggest people to be aware of crypto policies the place they reside in. In some countries, if found in possession of any sort of cryptocurrency or associated with at any degree is subject to serve a sentence of different range.
October 30, 2018, 04:06:11 AM
7. Do not conduct a person-to-person crypto transaction a secluded area. Your life is precious.
This number 7 got me like 
,really???Secluded area??
It's like dealing with someone with whatever product you are selling. It's for your safety and don't go alone as much as possible if you are trading with large amounts of coins. To avoid this one, sell only on exchanges that you are comfortable with.
October 30, 2018, 03:51:05 AM
Number 6 is mistake I made , I hope the guy i tell my password not to hack my account; that is my mother
, I hope the guy i tell my password not to hack my account; that is my mother October 30, 2018, 01:38:43 AM
could you elaborate a bit on this: 2. Do not keep very large amounts of Bitcoin (crypto) in a wallet that can be accessed on the internet.
what do you mean?
Well...it is a fact that you do not keep all your cash in your physical wallet you carry about in your pocket. You leave the bulk of your money in the bank and a safe deposit in a secured place. You should do the same with Bitcoin and other cryptocurrencies you own large amount. With respect to this, large crypto horde should be kept in a secured location such as in hardware wallets or cold storage. Keeping it connected to the internet could make you lose it to hackers. Keeping it in exchanges the same risk.what do you mean?
by connected to the internet, do you mean on an exchange wallet or something? I mean the keys are out there right?
October 29, 2018, 01:12:34 PM
keeping your coins safe should be the top priority. The crypto criminals are very active now a days. You have to be very careful and cautious all the time because one moment of negligence can make you a victim of such crime.
October 29, 2018, 12:58:02 PM
The steps you have mentioned here are too basic and people have been hearing about them for a long time. However, this kind of posts are really helpful to those who are new here. People in this world should always be cautious.
October 29, 2018, 12:43:01 PM
There are a lot of very basic steps people take for granted, especially someone who's starting out in cryptocurrency. Taking precautions like not sharing private information regarding your PC as in this context you have your crypto related things stored on it, keeping your passwords on a notepad of some sorts to not forget, using proper security applications to keep your device safe from virus based attacks that might steal sensitive information etc. It never hurts to be a little safe.
October 29, 2018, 12:23:04 PM
The precautions are a must for crypto business. Though there are done joke included, but these are really serious and grave. That doesn't mean you have to be terrified, but you ought to take these precautions seriously.
October 28, 2018, 02:16:56 PM
could you elaborate a bit on this: 2. Do not keep very large amounts of Bitcoin (crypto) in a wallet that can be accessed on the internet.
what do you mean?
Well...it is a fact that you do not keep all your cash in your physical wallet you carry about in your pocket. You leave the bulk of your money in the bank and a safe deposit in a secured place. You should do the same with Bitcoin and other cryptocurrencies you own large amount. With respect to this, large crypto horde should be kept in a secured location such as in hardware wallets or cold storage. Keeping it connected to the internet could make you lose it to hackers. Keeping it in exchanges the same risk. what do you mean?
October 28, 2018, 10:13:45 AM
could you elaborate a bit on this: 2. Do not keep very large amounts of Bitcoin (crypto) in a wallet that can be accessed on the internet.
what do you mean?
what do you mean?
October 28, 2018, 02:31:50 AM
I think the most effective way to avoid losing property is to use a hardware wallet and back up your private key with pen and paper! If you trade every day, then you should not log in to any website outside of the transaction or click on any links you are not familiar with!
to be fair these "steps" are mostly general guidelines that anybody should follow for their digital and financial security. they aren't really limited to bitcoin. you can say it for anything else such as storing passwords, securing your identity and bank information,... that can be stolen or hacked.
which is why I don't see the point of starting this topic, specially since there are many topics like it.
which is why I don't see the point of starting this topic, specially since there are many topics like it.
To be fair, no one should be doing any type of transaction meet-up involving crypto.
It's probably more common than most people think. Some people would rather not get banks involved. It's obviously very risky, and there have been quite a few instances of shit going south, but most of that can be mitigated by proper preparation. Meeting in a relatively quiet but populous area like coffee shops should be standard practice, among other things. I've heard about travelers using Localbitcoins and meeting up with local buyers at their hotel lobby.
7. Do not conduct a person-to-person crypto transaction a secluded area. Your life is precious.
This number 7 got me like ,really???Secluded area??
In case you missed the trick,cryptocurrency/bitcoin transactions is a p2p digital transaction,by the word digital it means every transaction is carried out online, and there is absolutely no contact or physical meeting between the both parties involved in the transaction..
P2P means peer to peer and although it is performed "digitally" you still can perform it face to face in a trade. for instance when you want to trade bitcoin off the market and face to face in a decentralized way using cash. for instance read this story about a guy who was trying to do such trade and got robbed because he wasn't careful:
https://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/
Bookmark every relevant website that you use in your crypto business; exchanges, wallets and news sites and ensure to check wheather you are always on the right sites. Keep a notepad with a passlock to hide your private keys.
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