The moment people start to ask, ‘where do I sign up’, by than dollar-sign eye people starts to look for the loopholes. The surge of Bitcoin in 2020 is the zeitgeist for the modern-day world. That is the point when it change sides, change signs. For many of the traders, the Bitcoin surge was the new opportunity to explore the cryptocurrency market. But the other side of the coin is to secure crypto exchange, as during such times sticky fingers stealthily come out to turn a profit without investing. Eventually, it can happen on the platform you’re performing cryptocurrency trades, but what’s surprisingly amazing is that you’re safe on Flitpay.
You seemed a bit perplexed and confused after the statement you just read. But yes, it’s ultimately correct. There is ‘n’ number of loopholes (flaws) that needs to get fixed right away. But the thing is – a few loopholes are uncertain, and the others left are ignored. But this doesn’t happen with Flitpay. Due to unsettled regulations against digital currencies, a cryptocurrency exchange in India is not free from danger.
So, you might have heard the phrase that says ‘prevention is better than cure, and guess what – that’s true. As of now, some of you are a belittle or more interested to know what kind of transaction protocols or security Flitpay offers, but we abide by not disclosing the foundation of our platform. But yes, we can let you have a walk of life in our shoe to know about how you can safeguard against cryptocurrency scams.
How you can Secure Crypto Exchange against Dollar-sign Eye People
Cryptocurrency is an emerging currency that has obvious benefits. Peer-to-peer transactions to crypto-to-crypto market trades, it ha countable opportunities for every individual in the modern-day. Due to increasing awareness, the trader’s interest is at the peak, so nefarious activities have also peaked to the same extent. However, it is nearly great to be extra cautious about the situation that potentially results in financial loses. Therefore, it is crucial to be aware of malpractices and use the correct methodologies to safeguard against them.
Now, it’s time to look at the points to secure crypto exchange against dollar-sign eye people.
Perform Research
While you perform research, it’s necessary to get the details behind any cryptocurrency project. Don’t invest your buck unless you have all the vital information about the project, else you need to kiss your money goodbye. When someone approaches you for Initial Coin Offerings (ICOs), be extra careful and sneak-peak into the scheme to find whether real people are backing it with the right intentions or not.
There have been such cases in the past. For instance, in 2017, the U.S. Securities and Exchange Commission (SEC) shut down the PlexCoin for raising fraudulent claims worth $15 million. So, it’s essential to be extra careful, and Flitpay recommends analyzing the whitepapers thoroughly. In case the party is hiding potential information from the investors can be caught red-handed in the meantime.
Be Aware of Imposters
The way we are discussing now is the most popular among the dollar-sign eye people. They usually develop and uploads the on App Store or PlayStore and promotes these apps as if they are the real one’s. The most enthralling fact is ‘there is no fool like an old fool’, meaning ages doesn’t bring wisdom, and they make the most of it by using this as an advantage. The sooner they achieve plentiful downloads, and boom! They disappear.
Have Bird’s Eye View on Their Eye-pleasing Scams
Spam is scammers favourite tool so, be extra careful with such illegitimate emails. If you’ve read the heading of this point with attention, we’ve used the word eye-pleasing, which means that – “don’t get attracted to enticing offers that these emails bring for you”. Therefore, don’t click the link to unveil the offers.
Never Indulge in Communication That Talks About Your Cryptocurrency Assets
Never put your foot in your mouth. The scammers wait for such kind of people whole-heartedly. When they find someone over-smart with the cryptocurrency assets they hold, the scammers try to trap them with enticing offers and sooner or later, over-smartness let you lose everything you have had until now.
After reading the points mentioned above, you can quickly analyze how attentive these dollar-sign eye people are. They can go at the end of one’s tether to fulfil their mission of looting you. So, Flitpay recommends you keep these points in consideration even if you buy a Bitcoin or Tether.
What Makes Flitpay the Safest Cryptocurrency Exchange in India
If you lose the king, you lose the winning game. Same as once you lose the cryptocurrency, it will be nearly impossible for you to gain them back. To safeguard you from such cases, Flitpay’s high-end security and robust foundations never allow the ships that pass in the night. Because of the impenetrable security for both the new and old traders, people’s trust makes Filtpay the most secured crypto exchange in India. Cold storage that beholds the potential to prevent online hacks using 2-factor authentication and withdrawal confirmation makes it a trustable platform for the trade of cryptocurrency in India.