Understand instantly
  • Exercise Caution and Stay Safe Against Scams
  • From Fake Private Messages and Prizes to Caution with Wallet Connections and Pump Groups
  • Vigilance Is The Answer
References
Stay Safe in Our Crypto Community
Stay Safe in Our Crypto Community / Image by Bastian Riccardi for Unsplash

Exercise Caution and Stay Safe Against Scams

Navigating the world of cryptocurrency can be thrilling, but it's crucial to remain vigilant against potential risks and scams. At Ertha, we're committed to ensuring the safety of our community members. In this guide, we'll walk you through common scams and best practices to protect your assets.

From Fake Private Messages and Prizes to Caution with Wallet Connections and Pump Groups

  • Private Messages - Scammers often impersonate administrators or moderators in private messages, attempting to trick users into revealing sensitive information like wallet keys. To stay safe, never trust unsolicited messages offering help, and never disclose your wallet's secret phrase to anyone. Disable private messages from unknown users on platforms like Discord to mitigate risks.
  • Caution with Wallet Connections - Phishing websites can lure users into connecting their wallets, leading to potential asset theft. Only connect your wallet to trusted websites, and always double-check the URL to ensure you're on the official site. Periodically disconnect your Metamask wallet from unused sites to minimise exposure to potential threats. [1]
  • Falling for Fake Prizes and Airdrops - Be wary of messages promising prizes or rewards, as they may be attempts to deceive users. Avoid making impulsive decisions when encountering such messages, and always verify the legitimacy of the sender and the content. Legitimate giveaways never ask for sensitive information like wallet keys or passwords.
  • Verify Blockchain Addresses - Scammers may create counterfeit tokens with similar names to legitimate ones, deceiving users into purchasing them unknowingly. Before purchasing any token, verify its unique address to ensure it's official. For Ertha's native token ($ERTHA), the official address is 0x62823659d09f9f9d2222058878f89437425eb261.
  • Signal and Pump Groups - Avoid joining groups that promise unrealistic returns through buy/sell signals, as they may be fraudulent schemes. Never invest in a coin solely based on recommendations from these groups, as they often benefit the owners at the expense of others. [2]
  • Cold Storage for Enhanced Security - Consider storing your assets in a hardware wallet like Ledger or Trezor for added security. Unlike hot wallets, which are more susceptible to hacking, hardware wallets provide a higher level of protection against threats.

Vigilance Is The Answer

In conclusion, vigilance is key when participating in the crypto community. By following these best practices and staying informed, you can safeguard your assets and enjoy a secure experience in the Ertha community.

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ieva plieniute
Activist
References
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Ollie Leech. 4 Ways to Stay Safe in Crypto Coindesk
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GLORIA CHINEMEREM CHIMELU . How to Store Cryptocurrency Investopedia