In the rapidly evolving landscape of digital finance, ensuring the safety of your assets is paramount. At Remitano, we prioritize your security and believe that user education is the strongest defense against any online scam. This comprehensive guide explores what it means to be safe in the crypto world, highlights our top-tier security features, and provides actionable advice to protect your portfolio from fraudulent activities.
What does Safe and Secure mean in the Crypto World?
“Safe” and “Secure” in the crypto world refer to the measures taken to protect cryptocurrency users' assets and personal information from theft, fraud, and other malicious activities. Since cryptocurrencies are decentralised and operate on a peer-to-peer network, they do not have the same regulatory oversight and protection as traditional financial systems.
As such, Remitano invests heavily in the security and integrity of our exchange platform. In addition to what goes on behind the scenes at Remitano, there are things you can do to protect yourself from cybercrime. This guide shares the best practices users can take to ensure their crypto assets' safety and security.
Simple tips to keep yourself safe online in the crypto world
Practice Safe Browsing.
Be aware of the most common crypto scams.
Never make a digital copy of your crypto details.
Always enable 2-factor authentication when possible.
Use a different password for every crypto platform you use.
In addition to using an online wallet, use a hardware wallet if possible.
Store your crypto assets securely with a trusted exchange like Remitano.
Keep your Remitano app and mobile OS updated with the latest bug fixes.
Always keep your computer anti-virus up to date, so you don't download malware.
Be wary of posing sensitive personal information online via social media platforms.
Avoid public or shared WIFI connections - always choose WPA2 over WEP to be safe.
You can go the extra mile by using a VPN service- turn on VPN access in your Remitano App.
Essential Security Features That Help Keep Your Crypto Wallet Safe
Crypto wallets are digital wallets that store your cryptocurrency assets and are essential for managing and accessing your funds. Therefore, Remitano puts enormous effort into creating a safe Crypto Trading experience for our customers.
Here are some of the most critical security features that help keep your account safe:
1. Two-Factor Authentication (2FA): Two-Factor Authentication (2FA) adds an extra layer of security to your wallet by requiring a unique code when making trades on your Remitano Wallet.
2. Access Control: Our advanced access control provides users with opt-in security features such as withdrawal whitelisting, VPN access, and device management.
3. Cold Storage: 80% of our user funds and assets are safely stored in cold storage facilities.
4. Security Notifications: Our secure notifications allows you to receive emails, messages and security alerts if suspicious activity is detected on your Remitano account.
5. Anti-Phishing Code: This feature is to help our users check if an email is really from Remitano. We do this by setting up a secret code that only Remitano and the user would know and which will appear in any authentic mail from Remitano.
6. Emergency Lock: This feature allows users to temporarily lock or prevent access to their wallet whenever their account is compromised. Once an emergency lock is triggered, your account will be blocked from further access until we resolve the issue.
7. Touch/Face ID: Biometric data such as face or fingerprint verification helps us to ensure that only you can log into your account, so you don’t need to worry about your account.
8. Secure inbox feature: If we need to contact you about something important, we’ll send a message via SMS and the in-app mailbox, ensuring that only you can read and respond.
Most Common Cryptocurrency Scams and How to Avoid Them
Cryptocurrency scams have become increasingly prevalent in recent years. While Remitano works diligently to keep crypto trading safe and secure, bad people often look for ways to take advantage of customers directly. The best way to prevent a scam is to be vigilant and aware.
Here are some of the most common cryptocurrency scams and tips on how to avoid them:
1. Fake ICOs (Initial Coin Offerings): Scammers create fake ICOs to lure investors into investing in a cryptocurrency that doesn't exist. To avoid this scam, do thorough research before investing and only invest in well-established and reputable ICOs.
2. Phishing Scams: Scammers send fake emails, social media messages, and texts that appear to be from a legitimate cryptocurrency exchange or wallet provider. They trick users into revealing their login credentials or sensitive information. Avoid this scam by clicking only verified links or providing information to authorised parties.
3. Ponzi Schemes: Scammers promise high returns to investors but use the money from new investors to pay off existing investors. To avoid this scam, be wary of any investment that promises excessively high returns and does thorough research before investing.
4. Pump and Dump Schemes: Scammers artificially inflate the price of a low-volume cryptocurrency by buying large amounts and promoting it on social media. Once the price goes up, they sell their holdings, causing the price to crash. So beware of sudden price increases and research before investing.
5. Malware: Scammers create malware that steals users' cryptocurrency by gaining access to their wallets or private keys. To avoid this scam, keep your computer's security software up-to-date and only download software and wallets from reputable sources.
6. Social Engineering: Scammers use social engineering tactics to trick users into giving up their cryptocurrency. For example, they may pose as a distressed friend or family member and ask for cryptocurrency loans. To avoid this scam, verify the identity of the person you're sending cryptocurrency to. Also, be wary of any unsolicited requests for cryptocurrency.
As malicious setups become increasingly complex, trading on an exchange that implements elite global infrastructure security is non-negotiable. Protect your funds from rate traps, phishing, or a market scam by checking out these essential updates and safety reviews from Remitano:
