Security and Protection

A rug pull is a scam where developers abandon a project after collecting investors’ funds, leaving the tokens worthless.

Not all exchanges are equally secure. Choose reputable ones and avoid storing large amounts of crypto on them.

It’s when someone gains access to your private key, potentially stealing all your funds.

Write it down on paper and store it in a secure place. Avoid digital storage to prevent hacking.

A seed phrase is a series of words that acts as a backup to restore your crypto wallet.

Recover it using the backup seed phrase or contact the wallet provider if supported.

Cold wallet: Offline storage (more secure). Hot wallet: Online storage (more convenient but riskier).

2FA adds an extra layer of security by requiring a second verification step, like a code sent to your phone.

Verify URLs and platforms. Avoid unsolicited investment offers. Conduct thorough research before investing.

Phishing scams involve fake emails, websites, or messages designed to steal your private keys or account information.