Introduction
In the case of day-to-day scams in blockchain, we usually overlook the management of several strategies that increase our security level and thus avoid falling victim to scams among the best known strategies we have:
1. Diversification of Wallet
Implementing strategies that go beyond the basic notions of blockchain will always keep us from falling prey to scams Now, at some point in our lives we have heard the phrase "never put your eggs in a basket", although the message is biblical. Meaning, it is a reference message in financial matters.
In the world of cryptocurrencies, the phrase in question not only invites us to diversify investing in more than one cryptocurrency, but also to keep our cryptocurrencies in more than one wallet, as this action puts us at risk of economic loss. gives the possibility to reduce.
Basically, we reduce the risk of financial loss by splitting and transferring balances across multiple platforms that provide financial exchange services in a centralized or decentralized manner; Binance, Poloniex, Mexc. Ionomy, MetaMask, Binance Chain Wallet, TrusWallet, etc.
In recent days, I first learned about scam cases from colleague of whotely been victims of scams at Metamask by people who somehow accessed their passwords, in these cases. The saying “if the basket falls, all eggs will break” applies, therefore, if instead, we keep our cryptocurrencies in more than one wallet, the risk of loss is significantly reduced.
2. Web 3.0 Compatible Operating System
Web 2.0 operating systems have extreme security issues, so one way to stay away from scams is to install state-of-the-art operating systems that are Web 3.0 compatible and have a high level of security.
However, if we do not have the resources to install a new operating system, ideal to avoid leaving money in decentralized exchanges like MetaMask, remember that this wallet is software that is installed as an extension to a web browser. is and is used to interact in the blockchain, therefore, it is a part of the attack if our operating system lacks the optimum level of security.
3. Use a more secure browser
The common Firefox and Chrome browsers, although the most widely used ones, are the ones that offer the greatest risk due to fake extensions that have tricked many users into revealing the credentials needed to access their wallets, Therefore, it is best to use a browser that guarantees a malware-free environment to prevent phishing attacks.
Specifically, a few months ago I decided to install Brave browser, as it provides a higher level of security than the above browsers, in addition it requires https connection, blocks insecure scripts, cookies blocks it, and forces you to use a secure connection.
4. Avoid using public access internet connection
In the case of countries in South America it is common to find free Wi-Fi in public internet access areas or cities, this type of connection is a technical attack, therefore, it is not advisable to use public Wi-Fi to perform our tasks. , It is advisable to execute the transaction with private internet connection.
In Conclusion
As a result, considering incorporating diversification strategies into wallets with varying levels of security is highly misleading to fraudsters, as it somewhat reduces the correlation of success for these unscrupulous individuals, with higher levels of security. Installing an operating system with, using a more secure browser, and avoiding executing transactions with public utility Internet hotspots.