by BSC News
July 29, 2022
A collection of tutorials on staying safe in the cryptosphere.
Crypto offers numerous advantages over fiat currency, but unfortunately a scam-free environment is not one of its benefits. The decentralized nature of crypto lends itself to bad actors who seek to manipulate new and uninformed users into falling for scams.
Below is a collection of 5 tutorials by BSC News to help keep your crypto safe from criminals.
The first part of keeping your funds safe is learning how scammers operate. This tutorial describes a variety of crypto scams and how to avoid them.
Read the tutorial here.
As one of the most popular blockchains for Decentralized Finance (DeFi) users, it’s crucial to know the basics of staying safe on BNB Chain. This tutorial covers those basics for the Binance-backed chain.
Read the tutorial here.
Pyramid and ponzi schemes are types of scams that often dangle a ‘carrot’ of initial returns, but rely on new people joining the scheme to sustain rewards. This tutorial shows you how to identify and avoid these schemes.
Read the tutorial here
Phishing scams pose as legitimate projects or opportunities, in some cases even imitating established protocols to trick users. This tutorial explains how to identify phishing scams and avoid them.
Read the tutorial here.
BscScan allows users to check their token approvals to identify if any are unwanted. This tutorial explains how to use BscScan to identify potentially troubling token approvals.
Read the tutorial here.
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto!
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If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
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