LATOKEN Review: 5 Ways to Avoid Crypto Scams
LATOKEN on How to Avoid Crypto Scams
Crypto scams may lurk in the shadows, but they’re by no means difficult to find. No matter where you are on the internet, stumbling across one of them might be easier than you think. Much like the days of the early internet, there’s something of a Wild West element that has had criminals all over the globe sit up and take notice. The immediate and largely untraceable transactions make them immensely appealing. LATOKEN, an exchange that specializes in crypto liquidity, is here to give you a few tips to protect yourself.
Scrutinize the Website or Platform
Big-name search sites like Google aren’t terrible at weeding out imposter websites, but you don’t necessarily want to place your full faith in them either. There are plenty of people who can make a fake website that looks real so you’ll be tempted to spend your crypto on ‘lucrative investments’. Check out the URL and make sure that a zero isn’t masquerading as the letter O. Double-check that if you’re typing in the information, you haven’t left anything out.
Stay Off Social Media
This isn’t to say that there aren’t real opportunities on platforms like Twitter and Facebook, but the number of bots that have flooded the market are enough that you might be better off avoiding altogether. You might see an offer that thousands of people have seemingly capitalized on, but it’s more likely that all those ‘people’ are bots too. If you’re following any celebrities or even big names in the industry, you have to be careful that you’re not on an imposter site.
Watch for Fake Apps
Fake apps are popping up all over the place to steal crypto, particularly if you’re an Android user. These apps don’t always last long before someone catches them out, but they can cause serious damage in the short time that they’re up and running. Much like the website suggestions, you’ll want to check out the details of the app before downloading anything. This includes spelling, grammar, color contrast, and logo.
Verify Your Emails
If you’re used to getting countless emails a day, you might not think twice about most of them. This makes it easy to trust one that you shouldn’t (or delete one that should stay). Legit companies have gotten much better at calling people’s attention to potential scammers, largely because they don’t want any negative experiences to be associated with their name, but that doesn’t mean that some convincing fakes don’t slip through the cracks. Make sure you’re verifying the address if you’re going to take anything seriously.
Check Reputations
LATOKEN has put a lot of safeguards in place to ensure that our customers get the services they want without the tomfoolery. It’s why we’ve managed to grow in a competitive market, one that’s saturated by non-stop claims of untold wealth. A company that’s earned its reputation in the market is one that takes extra steps to verify its users and ensure that everyone is following best practices. Even a little digging into the details can drastically reduce the odds of you falling for a scam.
