Staying Safe in Crypto

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.

Crypto Scams and How to Avoid Them

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.

How to Keep Your Funds Safe on BNB Chain

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.

What are Pyramid and Ponzi Schemes

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

How to Protect Against Phishing Scams

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.

How to Use BscScan to Check Token Approvals

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.

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