How can I protect myself from phone scams targeting cryptocurrency users?

3 answers

• rocky marsJun 16, 2025 · a month ago
  One of the most important steps to protect yourself from phone scams targeting cryptocurrency users is to never share your personal information or cryptocurrency wallet details over the phone. Legitimate organizations will never ask for this information over the phone. If you receive a call claiming to be from a cryptocurrency exchange or wallet provider, hang up and contact the company directly using their official contact information to verify the call. Additionally, be cautious of unsolicited calls offering investment opportunities or promising high returns. Always do your own research and never invest based solely on a phone call.
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• José DuarteJul 14, 2024 · a year ago
  It's crucial to stay informed about the latest phone scams targeting cryptocurrency users. Keep up to date with news and alerts from reputable sources in the cryptocurrency community. These sources often provide information about common scams and how to avoid them. By staying informed, you can recognize red flags and avoid falling for fraudulent phone calls. Remember, if something sounds too good to be true, it probably is.
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• Nasir MalikJul 15, 2025 · 5 days ago
  At BYDFi, we prioritize the security of our users and want to help you protect yourself from phone scams targeting cryptocurrency users. In addition to the general tips mentioned above, we recommend enabling two-factor authentication (2FA) on your cryptocurrency exchange and wallet accounts. 2FA adds an extra layer of security by requiring a second verification step, such as a unique code sent to your mobile device. This can help prevent unauthorized access to your accounts even if scammers obtain your login credentials. Stay vigilant and always prioritize security when it comes to your cryptocurrency holdings.
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