Avoiding scams and hacks
- Author
- CRYPTO PORT Editorial
- Published
- Updated
- Reading time
- 7 min
In short
Most losses come from tricking the user, not from breaking the cryptography. Never enter a seed phrase, and never leave approvals lying around — those two habits prevent most of it.
Key points
- Anything asking for a seed phrase is a scam
- Never reach an official site through a search advert
- Revoke token approvals periodically
- Do not interact with tokens or NFTs you did not expect
Definition
Defences against fraud and unauthorised access when holding or trading crypto.
Phishing sites are near-perfect copies, and they buy adverts to sit above the real site in search results. Bookmarking the real URL is a cheap, effective habit.
A DM from 'support' is almost always a scam. Official support does not message you first.
Once holdings grow, split a daily-use wallet from a storage wallet so that one compromise does not take everything.
Watch out for
- · This site will never ask for your private key or seed phrase
Frequently asked questions
Is it safe to leave assets on an exchange?
Exchanges use segregated custody and cold storage, but operator failure and intrusion risk never reach zero. As holdings grow, consider moving some into a wallet you control.