Topic: Precautionary Steps to Avoid Becoming A Victim of Crypto Crime - page 2. (Read 305 times)

To be fair, no one should be doing any type of transaction meet-up involving crypto.

Here is an example of where the victim either told too many people about his net worth, or simply had some bad luck:

https://www.ccn.com/norwegian-man-brutally-murdered-following-in-person-bitcoin-trade/

In a secluded area -- and the OP is right. You should always conduct in-person transactions in public places like coffee shops. There have been some pretty brutal robbery cases where people were trying to exchange bitcoins for cash in uncrowded settings like a parking lot at night.


Unless you want cold hard cash and want to maintain your privacy. In-person transactions are really the only way to get cash outside of the banking system.

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..
If you have been attentive in here you must and should be conversant with the word anonymity,yeah this system is pseudo-anonymous,no one knows the other,until one decides to give up his/her anonymity

If you must shun an exchange and carry out transactions directly with an individual you must make use of a 3rd party(Trusted)escrow service,that will act as an intermediary in the transaction incase anything goes wrong...

List of our trusted escrow service,not based on ranks,but on their trustworthy reputation and their trust rating points to that
https://bitcointalksearch.org/topic/recommended-bitcointalk-escrow-services-2439910

The advice where so basic probably heard this a thousand times the was really no advance advice and currently those who carry out crime has found ways to overcome this obstacle
This are some amazing article that touches both the fundamental and complexity of scam activities.  I found it helpful and I hope everyone including the OP Also do.
https://bitcointalksearch.org/topic/guidehow-to-avoid-scam-3329803
https://bitcointalksearch.org/topic/how-to-avoid-getting-your-exchange-account-hacked-or-phished-4404175
https://bitcointalksearch.org/topic/guide-prevent-scam-some-useful-tools-for-find-scam-fake-ico-team-4586576

I have been thinking of the necessary precautions crypto users should take to avoid being victims of crime. I thought of these but feel free to add more tips and hints to keep everyone safe.
Sometimes, it takes a little carelessness to become statistics.

There are certain precautionary measures that one needs to take to avoid being a victim of crypto-related crime.
1. Be sure you guide and guard your private keys.
2. Do not keep very large amounts of Bitcoin (crypto) in a wallet that can be accessed on the internet.
3. Don't leave them in exchanges.
4. Do treat your wallet as a wallet. Don't keep all your funds in one wallet.
5. Avoid using unsafe or open networks such as unsecured wifi
6. Do not tell people except those who should know about your large crypto hoarde
7. Do not conduct a person-to-person crypto transaction a secluded area. Your life is precious.
8. Do not save your wallet password on the browser, you may lose your device.
9. Do not save your wallet password in your mind, you may forget it.
10. Do not write your wallet password in a way it becomes obvious to someone who knows that you own crypto. Example: Myetherwallet password, written on a piece of paper, is no longer a password
11. Do not keep announcing on social media how much of a hodler you are, you may be kidnapped.


Please add other tips...