Protect Your Crypto Assets: The Blum Academy Guide

Bittime – In this digital era, cryptocurrencies have become an increasingly popular investment asset. However, along with its increasing popularity, various security threats have also emerged that lurk its users. To help crypto investors protect their assets, Blum Academy, a well-known educational platform in Indonesia, presents an informative guide entitled "Crypto Security: Avoid Hacking and Fraud | Blum Academy".

This guide takes an in-depth look at various types of fraud and hacking that are common in the crypto world, such as phishing, fake investment offers, and fake tokens. Not only that, Blum Academy also provides complete steps to help you secure your crypto assets effectively.

Common Threats Stalking Crypto Users

Crypto users need to be aware of the various modes of fraud that are rife. Here are several types of threats to watch out for:

• Phishing: Fraudsters will try to steal your personal data by posing as trusted parties, such as crypto platforms, banks or the media. Typically, they will send you an email, message, or link that directs you to a fake website that resembles the real website.

• Investment Fraud: This fraudulent mode offers investment opportunities that promise large profits in a short time. Usually, they will promise unrealistic returns on investment (ROI) and urge you to invest immediately.

• Fake Token: Fraudsters will send fake tokens to your wallet, with the aim of getting you to interact with them. Interaction with counterfeit tokens may result in theft of your funds.

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Effective Steps to Protect Your Crypto Assets

To maintain the security of your crypto assets, Blum Academy provides several effective steps that can be implemented:

• URL and Spelling Verification: Always check website URLs carefully. Make sure the URL starts with "https://" and pay attention to the similarity in spelling of the domain name. Avoid opening links from unknown sources.

• Contact Trusted Sources: If you receive an email or message from a party claiming to be a representative of a crypto platform or bank, contact the platform or bank directly via its official website to verify the authenticity of the message.

• Beware of Suspicious Offers: Avoid interacting with strangers or platforms that offer unreasonable investment opportunities. Do in-depth research before investing in a particular crypto project.

• Avoid Fake Tokens: If you find tokens that you did not send in your wallet, do not interact with them. It is very likely that the token is fraudulent and could lead to theft of funds.

• Use Whitelist: Make use of the whitelist feature on your wallet to limit the tokens that can be displayed. Whitelist only tokens you know and trust.

• Strengthen Wallet Security: Use strong passwords and enable multi-factor authentication (MFA) to secure your crypto wallet. We recommend using a hardware wallet for long-term crypto storage.

• Stay Updated: Always update your wallet software and crypto platforms to the latest versions to ensure leading-edge security.

• Delve Deeper: Take the time to learn more about crypto security. Many trusted educational resources are available online, such as Blum Academy guides, to help you improve your understanding.

Also Read How To Buy Crypto:

Conclusion

Keeping your crypto assets safe is your own responsibility. By following Blum Academy's complete guide and implementing effective preventive measures, you can minimize the risk of fraud and hacking, and safely protect your crypto assets. Remember to always be alert, do your research, and only invest in credible crypto projects.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.