These are just a few of the many schemes cybercriminals use to scam you right now.
This situation calls for the recovery of crypto scams. With the help of Crypto tracing websites and companies, you can locate your stolen cryptocurrency.
We have concluded that hiring a Crypto Tracing agency is not a wise decision due to all of the factors surrounding these companies, such as money, timing and guarantee.
These are the three main reasons. Guarantee, time and money.
Investigators can take a long time to locate your digital currency that was anonymously transferred through the blockchain. This can lead to unnecessary anxiety and false hope that you might retrieve your cryptocurrency someday.
These crypto tracing agencies and investigators are expensive because they have to crack the blockchain. An agency must have a team of highly skilled experts to crack the blockchain.
These experts are paid outrageous wages and salaries. Since the business must ensure their profit exceeds their expenses, they charge very high prices for the victims of fraud.
It is difficult to hack into the blockchain and find out when and where your cryptocurrency was sent through the scam. This makes it easy to conclude that retrieving your cryptocurrency is almost impossible. Because of the security of the blockchains and the anonymity of all transactions, this is a very common problem.
We do not recommend Crypto Tracing agencies due to the long waiting times, huge amounts of money and no guarantee of return.
We don’t recommend that you run after the cryptocurrency you just lost. However, you can do a few things to ensure your cryptocurrency remains safe.
There are several ways you can protect your cryptocurrency against scammers:
1. Do Your Research on The Subject Matter Thoroughly:
Getting financial advice from billionaires or celebrities on the internet is not easy. They should do your own research. You should read PCMag’s guide on buying and using Bitcoin. You should never take anything you see online as gospel. A scammer will make you believe that an investment is too good to be true.
Don’t believe any promises of 40% or more of our revenue sharing with you, no matter how tempting they seem. Because even 40% is a high return on investment, businesses won’t give you 40% of their earnings.
There are many reasons businesses make money, such as reinvestment in the business, future financial collection, and payment to other shareholders.
Before you enter the world of investing and finance, do your research. No real company would operate in this manner.
2. Don’t Trust Anyone on The Internet:
You should exercise extreme caution when dealing with anyone who contacts you personally and asks for payment in cryptocurrency. Don’t believe any communications that claim to be from government officials, public figures, or other individuals asking for cryptocurrency payments.
It is better to believe that the internet can be used as a weapon of mass devastation in today’s world. Don’t rely on it. Avoid engaging excessively and clicking links you don’t know anything about.
3. Crypto Tracing – Keep Your Digital Cryptocurrency Wallet Secure
You’ve probably heard of people who lost track of their digital wallets and even lost a few Bitcoins. You should never share your seed phrase and private key if you own cryptocurrency.
It may seem unnecessary to protect your digital data due to the availability of blockchain and the fact that most people lose their BitCoin via scams rather than hacking. Securing your digital wallet can eliminate the risk of losing your BitCoin or cryptocurrency.
4. Make The Most of Multi-Factor Authentication
Multi-factor authentication is a way to prevent bad people from accessing your cryptocurrency wallet. This is not the best way to go, as we saw with Coinbase, but it allows you to compete against many hackers.
Let us explain Multi-factor authentication if you are not familiar with it.
Multi-factor authentication (MFA) is require to access online accounts and resources such as applications. MFA is an essential component of solid identity management (IAM). MFA can be used to reduce the chances of a successful cyber-attack by requiring additional authentication components along with a login and password.
Multi-factor authentication makes it harder for hackers to gain access to your account. Even if you accidentally give fraudsters access to your account information, they won’t still be able to log in to it because they will need additional passwords they don’t have or cannot access.
5. You should always check the URL.
Pay attention to the URLs of websites that you visit when it comes to cryptocurrencies. To make it look more professional, phishing scammers often alter the URLs of trusted websites in order to create templates. To verify the web site’s security, look for the small lock icon near the URL.
Make sure to activate your antivirus software. Our top-rated antivirus software blocks dangerous URLs and monitors phishing attempts on your behalf.
Many people have probably heard of people losing their gaming or cryptocurrency accounts after clicking on an unrelated link.
These con artists are able to prey on innocent victims by sending them links via email or chat in other apps. The scammer can access every detail of the victim’s account once the victim clicks the link. Always check URLs for security and look out for the lock icon. It’s always safer to be safe than sorry.
6. Resist Untrusted and Suspicious “Free Offers:”
You can purchase cryptocurrency products that require a deposit. All of them should be ignored, but you should pay attention to any that require payment in cryptocurrency. Scams are common in cryptocurrency investing. Visit its website to learn more about the company and its customer protection. Also, read reviews by other investors.
BitCoins from Scams:
These are just a few ways to protect BitCoins against scammers. As modernization continues to loom over us, people tend to be naive about the information available on the internet.
These crypto fraud recovery agencies don’t guarantee that your digital currency will be recovered. Therefore, you have no choice but to examine your mistakes. These agencies can also consume much of your time and make you feel like you’ve been defrauded.