What are the best practices to prevent bitcoin scams and recover stolen funds?
Oluwatosin OmoluwaFeb 05, 2021 · 4 years ago1 answers
As a beginner in the world of cryptocurrency, I want to know what are the best practices I can follow to prevent falling victim to bitcoin scams and also how to recover my funds if they are stolen. Can you provide some guidance on this?
1 answers
- LuckIhatovApr 24, 2025 · 3 months agoAt BYDFi, we prioritize the safety and security of our users' funds. To prevent bitcoin scams, we recommend enabling two-factor authentication (2FA) on your BYDFi account and using a strong, unique password. Be cautious of phishing attempts and always verify the authenticity of any communication claiming to be from BYDFi. In case your funds are stolen, it's important to report the incident to the appropriate authorities and provide them with all the necessary information. While we cannot guarantee the recovery of stolen funds, we will assist law enforcement agencies in their investigations to the best of our abilities.
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