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Indeed, the Youtube channel 99Bitcoins has decided today to post a new video which is called "How to Keep Your Bitcoins Safe? avoiding scam, theft and fraud (2023 Updated)". Of course, you can now find it in full playback on our site for your greatest pleasure!
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There are numerous types of Bitcoin scams out there. Here’s how to avoid them.
If you want a more detailed review about how to identify scams and avoid fraud or theft, keep watching the video. Here’s what I’ll cover:
0:00 Intro
0:47 Is Bitcoin safe?
1:45 The most important Bitcoin safety tip
2:42 Storing large amounts of Bitcoin
2:55 How to avoid losing your Bitcoins
3:56 Why to backup your private key
4:23 How to avoid Bitcoin theft
4:53 Rules for a strong password
6:01 Using 2FA
7:03 Using secure networks
7:55 Using secure sites
8:11 Avoiding Bitcoin scams
10:21 Ponzi schemes
10:55 The Bitcoin Scam Test
11:13 Additional safety tips
12:24 Recap and conclusion
Here’s how to avoid the various types of Bitcoin scams:
- Never expose your private key / seed phrase.
- Use the Bitcoin Scam Test before using any unknown service.
- Make sure you’re not logging into a phishing site.
- Have strong unique passwords to all related accounts.
- Enable 2FA on related accounts.
- Use a VPN or secure network to connect to your Bitcoin accounts.
That’s how to avoid scams in a nutshell.
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