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How to Keep Your Funds Safe – MetaMask Guide
They say don’t keep your eggs in one basket; well, the phrase applies to cryptocurrency too. To keep your funds secure from unauthorized access, you might need to start some new habits to protect your investments. Most people either A: have one wallet for everything they use for every project, or B: have multiple wallets but haven’t distributed their projects evenly across the wallets. These common mistakes could end up costing you in the long run if left unchecked.Important Questions You Should Be Asking to Keep Your Funds Safe Using MetaMask1. What Should I Do to Keep My Funds Safe?The answer here is having a main wallet in a hardware wallet, e.g., Binance, which is never linked to any project. In this main wallet, there should be multiple wallets that should be linked to one project each.Any unused funds should always be stored in the main wallet. The function of your main wallet is to send and receive tokens from the other wallets and should never be allowed to accept any contract and any circumstances. 2. Why Do I Need Multiple Wallets?Multiple wallets help mitigate risk, i.e., only those allowed in the project can access the wallet they are assigned and cannot access any other wallet outside their project. This enhances the privacy of each wallet and makes it more secure by limiting access. You don’t have to worry about external access as well as internal unauthorized spending of tokens.3. Why Do I Need a Spending Allowance?You should always receive a request for authorization from any project to spend your tokens. You will receive a popup request to authorize your tokens’ spending every time you need to use certain contract functions. Such functions include farming, adding liquidity, staking, etc. You can do without accepting the swapping BNB for other tokens but not the opposite. 4. Will I Be Able to Manage Multiple Wallets by Myself?It’s easy to manage many wallets at a go with a little help from MetaMask. The seamless, user-friendly app will help you create wallets with ease and import and export data when you are changing devices. Follow these simple steps, and you easily navigate through many wallets.You will have to install the MetaMask extension to create a new main wallet. Remember to write the seed phrase you used to create your wallet down. Transfer all your tokens to the new main walletUnder the main wallet, create new accounts named after your different projects. Transfer the tokens you will need for the project to this walletYou can get your private keys by clicking on the three dots line. Under Account details, you can click on Export Private Key and type in your password. Simple, right? Keep the private key by either storing it in a flash drive or writing it down on paperYou can also restrict access to contracts by clicking Revoke on them. Accept the TX in MetaMaskWhy You Should Keep Your Funds SafeEarning cryptocurrency is not easy, and you want to see your investment grow and work for you. Using MetaMask to manage your projects is easy and the best way to keep away external attackers and unauthorized spending.#StaySAFU #dyor
There is no easy money. #StaySAFU
LIVE
Binance Risk Sniper
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This is a true story
Mark was approached by a recruiter via WhatsApp. The recruiter tells Mark a digital marketing company based in London is offering part-time work with a high salary (~1000 USDT weekly) that is paid via an encrypted wallet. The recruiter adds that the job requires minimal skill, provides flexible arrangements, and only requires Mark to have a working phone with mobile data.
Mark, attracted by the job description, follows the recruiter's instructions and registers an account on their platform. The recruiter informs Mark that he has to deposit 500 USDT to receive the first 40 tasks, which Mark does. Upon completing the tasks, Mark discovers he can’t withdraw his money from the platform. The scammer then demands Mark pay an additional 1000 USDT to receive his initial deposit back.Mark realizes the “job” is a scam, but it’s already too late.
Please refuse any job that seems easy and can easily make a lot of money. If there is such a good opportunity, why don't the scammers do it by themselves?
Stay SAFU🙏
Mark was approached by a recruiter via WhatsApp. The recruiter tells Mark a digital marketing company based in London is offering part-time work with a high salary (~1000 USDT weekly) that is paid via an encrypted wallet. The recruiter adds that the job requires minimal skill, provides flexible arrangements, and only requires Mark to have a working phone with mobile data.
Mark, attracted by the job description, follows the recruiter's instructions and registers an account on their platform. The recruiter informs Mark that he has to deposit 500 USDT to receive the first 40 tasks, which Mark does. Upon completing the tasks, Mark discovers he can’t withdraw his money from the platform. The scammer then demands Mark pay an additional 1000 USDT to receive his initial deposit back.Mark realizes the “job” is a scam, but it’s already too late.
Please refuse any job that seems easy and can easily make a lot of money. If there is such a good opportunity, why don't the scammers do it by themselves?
Stay SAFU🙏
WORRIED ABOUT EXCHANGES LIQUIDITY? 😱 Here The Tool That Could Save You! 👇
Nansen is one of the top tool that investors use to verify Exchanges Liquidity! In fact you can check what are their liquidity reserves and also their portfolios. REMEMBER, liquidity becomes significant because it shows if the exchange (CEX) has enough assets to cover its liabilities, including customer funds. Better avoid another FTX scenario right? Also, liquid CEXs are often chosen by traders because they can execute their trades more efficiently and thus avoid significant price slippage!
STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#StaySAFU #liquidity #LiquidityMap
Nansen is one of the top tool that investors use to verify Exchanges Liquidity! In fact you can check what are their liquidity reserves and also their portfolios. REMEMBER, liquidity becomes significant because it shows if the exchange (CEX) has enough assets to cover its liabilities, including customer funds. Better avoid another FTX scenario right? Also, liquid CEXs are often chosen by traders because they can execute their trades more efficiently and thus avoid significant price slippage!
STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#StaySAFU #liquidity #LiquidityMap
For those who are new to Binance or even old members.
Please stay safe, there are lots of scammers. Be it on Binance or X or any other platdorms.
When Binance has a Launchpool or Launchpad, you can get the to-be-launched coin only from Binance Launchpool or Launchpad by staking or locking the required coin (i.e BNB or FDUSD or TUSD).
If there are other platforms that are having the same pre-sale, please DYOR.
If anyone ask you to transfer to his/her wallet address please do not entertain them. They are scammers promising the impossible.
#StaySafeCrypto #StaySAFU #BinanceLaunchpool. #binancecampaigns
Please stay safe, there are lots of scammers. Be it on Binance or X or any other platdorms.
When Binance has a Launchpool or Launchpad, you can get the to-be-launched coin only from Binance Launchpool or Launchpad by staking or locking the required coin (i.e BNB or FDUSD or TUSD).
If there are other platforms that are having the same pre-sale, please DYOR.
If anyone ask you to transfer to his/her wallet address please do not entertain them. They are scammers promising the impossible.
#StaySafeCrypto #StaySAFU #BinanceLaunchpool. #binancecampaigns
RUG PULL ALERT ⚠️ 99% Drop In Value Occurred 🚨
Recently, GB (Grand Base Token) has experienced a catastrophic drop in value that has caused million of losses (up to $1.7Mmillion). The reason is a hack attack that targeted a liquidity pool. In fact, they stolen a private key and generated millions of unauthorized tokens. These have been then suddenly moved out on an external address. While some analysts minimized the facts saying that the protocol "just" requires enhanced security measures to prevent similar incidents in the future; I do strongly take the distance. In my opinion, when the trust is lost, is lost. Especially those people who invested several money. When crypto projects (e.g. DEXs) include those liquidity pools as a core product, then it's a must of continuous monitoring for maintaining the protocol integrity!
STAY SAFU & DYOR 🙏
#rugpullalert #RugPull #cryptoalerts #StaySAFU
Recently, GB (Grand Base Token) has experienced a catastrophic drop in value that has caused million of losses (up to $1.7Mmillion). The reason is a hack attack that targeted a liquidity pool. In fact, they stolen a private key and generated millions of unauthorized tokens. These have been then suddenly moved out on an external address. While some analysts minimized the facts saying that the protocol "just" requires enhanced security measures to prevent similar incidents in the future; I do strongly take the distance. In my opinion, when the trust is lost, is lost. Especially those people who invested several money. When crypto projects (e.g. DEXs) include those liquidity pools as a core product, then it's a must of continuous monitoring for maintaining the protocol integrity!
STAY SAFU & DYOR 🙏
#rugpullalert #RugPull #cryptoalerts #StaySAFU
Sharing My Top 5 Crypto Tips and experiences for a successful Trade
No.1
*Secure your Crypto bags!
Even when you make millions in your trades and other cryptocurrency products without protecting your crypto wallets, it is in vane. To this note, security of your crypto is the most important tip!
This can be achieved using the following methods:
1. Ensure to use 2FA
Two-Factor Authentication (2FA) is one of the most important security measures for protecting your wallet and funds
2. Generate strong passwords
Strengthen Your Passwords: Ensure your exchange accounts and online wallets have strong, unique passwords.
3. Avoid phishing attempts 🚷
Be wary of phishing attempts – always manually enter the vendor's URL instead of clicking on links from emails or messages
4. Avoid using public Wi-Fi for crypto-related activities, such as accessing your wallets or making transactions. Public Wi-Fi networks are more vulnerable to hacks
No. 2
Avoid FOMO
No. 3
Always Do your own Research
No. 4
Embrace education. Explore Binance academy courses to learn everything relating to crypto and web 3. Honestly, Binance academy helped me to improve my trading skills, both Technical and fundamental Analysis.
In Binance academy, you can explore over 1,500 articles and glossary entries plus courses on blockchain, cryptocurrency, Web3 and more in over 30 different languages across the globe.
No. 5
Invest your funds only in the cryptocurrency exchange that is being used and trusted by majority.
Stay tuned for part 2
@Binance @腦哥RaizelH
#Crypto_Angel #StaySAFU
No.1
*Secure your Crypto bags!
Even when you make millions in your trades and other cryptocurrency products without protecting your crypto wallets, it is in vane. To this note, security of your crypto is the most important tip!
This can be achieved using the following methods:
1. Ensure to use 2FA
Two-Factor Authentication (2FA) is one of the most important security measures for protecting your wallet and funds
2. Generate strong passwords
Strengthen Your Passwords: Ensure your exchange accounts and online wallets have strong, unique passwords.
3. Avoid phishing attempts 🚷
Be wary of phishing attempts – always manually enter the vendor's URL instead of clicking on links from emails or messages
4. Avoid using public Wi-Fi for crypto-related activities, such as accessing your wallets or making transactions. Public Wi-Fi networks are more vulnerable to hacks
No. 2
Avoid FOMO
No. 3
Always Do your own Research
No. 4
Embrace education. Explore Binance academy courses to learn everything relating to crypto and web 3. Honestly, Binance academy helped me to improve my trading skills, both Technical and fundamental Analysis.
In Binance academy, you can explore over 1,500 articles and glossary entries plus courses on blockchain, cryptocurrency, Web3 and more in over 30 different languages across the globe.
No. 5
Invest your funds only in the cryptocurrency exchange that is being used and trusted by majority.
Stay tuned for part 2
@Binance @腦哥RaizelH
#Crypto_Angel #StaySAFU
Mine-bnb.com (or M-bnb) is a website that makes people believe that they are mining #BNB but more likely they have nothing whatsoever with BNB or @Binance at all.
A friend of a friend told me earlier that he was mining BNB on the mentioned website, and as soon as he made the amount for withdrawal and tried to withdraw it, they blocked his account with no explanation. He sent several emails during last month, and didn't receive any respond.
I decided to check it.. Went on their website and as a welcome gift received 200 tH/s, which is quite nice mining speed. Hour and a half later I had 0 tH/s; it made me laugh.
Unfortunately, I didn't take a screenshot where it was written that I need to buy tH/s to continue mining, and a friend told me that if you buy speed and pay it with BNB you mined on their site, they don't count it, they want you to pay from your wallet or fiat.
Before I even went on the website I checked the Trustpilot and wow... I don't know how mine-bnb.com still exist.
All four and five stars reviews are posted only to get rewards on site. You need to read the real reviews, one star ones.
If I despise something it's cheating and all other kind of frauds.
Fellows please, do not interfere with this website.
They are scammers with a big S.
#Cryptocommunity #StaySafeInTheCryptoWorld #StaySAFU #ScamRiskWarning @Binance Risk Sniper
A friend of a friend told me earlier that he was mining BNB on the mentioned website, and as soon as he made the amount for withdrawal and tried to withdraw it, they blocked his account with no explanation. He sent several emails during last month, and didn't receive any respond.
I decided to check it.. Went on their website and as a welcome gift received 200 tH/s, which is quite nice mining speed. Hour and a half later I had 0 tH/s; it made me laugh.
Unfortunately, I didn't take a screenshot where it was written that I need to buy tH/s to continue mining, and a friend told me that if you buy speed and pay it with BNB you mined on their site, they don't count it, they want you to pay from your wallet or fiat.
Before I even went on the website I checked the Trustpilot and wow... I don't know how mine-bnb.com still exist.
All four and five stars reviews are posted only to get rewards on site. You need to read the real reviews, one star ones.
If I despise something it's cheating and all other kind of frauds.
Fellows please, do not interfere with this website.
They are scammers with a big S.
#Cryptocommunity #StaySafeInTheCryptoWorld #StaySAFU #ScamRiskWarning @Binance Risk Sniper
Cryptocurrency Exchange #Poloniex was a victim of a major hack last November 10, 2023 with over $114 Million Assets.
Justin Sun, TRX founder and Poloniex Investor, confirmed the hack, stating on X,
“We are currently investigating the Poloniex hack incident. Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds.”
Arkham has also posted on X that they have created and funded a bounty to help identify the person or organization behind Poloniex exploit.
Sun added this statement a day after the incident "The Poloniex team has successfully identified and frozen a portion of the assets associated with the hacker's addresses. At present, the losses are within manageable limits, and Poloniex's operating revenue can cover these losses."
Poloniex withdrawals were temporarily disabled until today. #Poloniex states they maintain healthy financial position and will fully reimburse the affected funds.
#StaySAFU
Justin Sun, TRX founder and Poloniex Investor, confirmed the hack, stating on X,
“We are currently investigating the Poloniex hack incident. Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds.”
Arkham has also posted on X that they have created and funded a bounty to help identify the person or organization behind Poloniex exploit.
Sun added this statement a day after the incident "The Poloniex team has successfully identified and frozen a portion of the assets associated with the hacker's addresses. At present, the losses are within manageable limits, and Poloniex's operating revenue can cover these losses."
Poloniex withdrawals were temporarily disabled until today. #Poloniex states they maintain healthy financial position and will fully reimburse the affected funds.
#StaySAFU
Hotbit has introduced Hotbit 2.0 DEX, unveiling their derivative decentralized exchange. [This is just an update; it's advisable to stay away from them.]
Hotbit didn't consider its customers on first priority when shutting down their exchange; they unexpectedly increased the withdrawal fees. If you had $10 worth of BNB, the withdrawal fees were around $5. If you had USDT at that time, the withdrawal fees were around 35 USDT. They've allegedly taken a lot from their users.
Numerous users experienced fund losses, yet Hotbit itself hasn't faced any direct negative consequences as of now. Certainly seems like an act deserving punishment!
#scammers. #Stayaware #StaySAFU #BinanceisLove #WorldTechnique $BTC $ETH $BNB
Hotbit didn't consider its customers on first priority when shutting down their exchange; they unexpectedly increased the withdrawal fees. If you had $10 worth of BNB, the withdrawal fees were around $5. If you had USDT at that time, the withdrawal fees were around 35 USDT. They've allegedly taken a lot from their users.
Numerous users experienced fund losses, yet Hotbit itself hasn't faced any direct negative consequences as of now. Certainly seems like an act deserving punishment!
#scammers. #Stayaware #StaySAFU #BinanceisLove #WorldTechnique $BTC $ETH $BNB
Top 3 Cryptocurrencies to Watch This Week
The cryptocurrency market has faced a slight correction entering mid-December 2023. The global market cap fell by 3.2% in the last 24 hours, currently at $1.66 trillion. Bitcoin (BTC) and Ethereum (ETH) saw a combined liquidation of over $335 million. However, BTC is steady above $42k, while ETH remains above $2.2k. The recent volatility could be due to the upcoming US CPI (Consumer Price Index) data for November 2023.
With that said, let’s look at the top 3 Cryptocurrency to watch this coming week.
Top 3 cryptocurrencies to watch this week
Avalanche (AVAX):
While most significant cryptocurrency projects have faced a correction in the daily charts, AVAX has surged by 11.8% in the same time frame. Moreover, the token is up by 64% over the previous week. Since January 2023, AVAX has surged by over 220%, beating the likes of Bitcoin (BTC), which has surged by around 154% in the same time frame.
Solana (SOL):
Solana (SOL) is among the best-performing cryptocurrencies in 2023. Since the beginning of the year, SOL has surged by over 600%, far outshining BTC and other big projects. Although SOL has faced a 4.4% correction in the daily charts, the token is still up by 7.8% over the previous week and 27.9% in the last month.
There is a chance that SOL could face further corrections this week, given its massive rally in the last few months.
XRP:
XRP is among the most popular cryptocurrency tokens in the market. Ripple, a known fintech company, utilizes the token for remittance and cross-border transactions. Ripple was recently partially victorious in its legal battle with the SEC (Securities and Exchange Commission). As a result of its victory, XRP was legally called “non-security,” further propelling its popularity. The token has faced a 6.2% correction in the last 24 hours and is down 3.9% over the previous month.
#dyor #StaySAFU
The cryptocurrency market has faced a slight correction entering mid-December 2023. The global market cap fell by 3.2% in the last 24 hours, currently at $1.66 trillion. Bitcoin (BTC) and Ethereum (ETH) saw a combined liquidation of over $335 million. However, BTC is steady above $42k, while ETH remains above $2.2k. The recent volatility could be due to the upcoming US CPI (Consumer Price Index) data for November 2023.
With that said, let’s look at the top 3 Cryptocurrency to watch this coming week.
Top 3 cryptocurrencies to watch this week
Avalanche (AVAX):
While most significant cryptocurrency projects have faced a correction in the daily charts, AVAX has surged by 11.8% in the same time frame. Moreover, the token is up by 64% over the previous week. Since January 2023, AVAX has surged by over 220%, beating the likes of Bitcoin (BTC), which has surged by around 154% in the same time frame.
Solana (SOL):
Solana (SOL) is among the best-performing cryptocurrencies in 2023. Since the beginning of the year, SOL has surged by over 600%, far outshining BTC and other big projects. Although SOL has faced a 4.4% correction in the daily charts, the token is still up by 7.8% over the previous week and 27.9% in the last month.
There is a chance that SOL could face further corrections this week, given its massive rally in the last few months.
XRP:
XRP is among the most popular cryptocurrency tokens in the market. Ripple, a known fintech company, utilizes the token for remittance and cross-border transactions. Ripple was recently partially victorious in its legal battle with the SEC (Securities and Exchange Commission). As a result of its victory, XRP was legally called “non-security,” further propelling its popularity. The token has faced a 6.2% correction in the last 24 hours and is down 3.9% over the previous month.
#dyor #StaySAFU
Bittrex is Shutting Down 👇
⚠️SHUTTING DOWN ALERT ⚠️
Kindly withdraw Your Funds from Bittrex exchange as soon as possible !!
Crypto Exchange Bittrex Global to Shut Down
All trading on the platform will be disabled on Dec. 4, several months after Bittrex's U.S. arm filed for bankruptcy and stopped operations.
#StaySAFU #Crypto_Angel
⚠️SHUTTING DOWN ALERT ⚠️
Kindly withdraw Your Funds from Bittrex exchange as soon as possible !!
Crypto Exchange Bittrex Global to Shut Down
All trading on the platform will be disabled on Dec. 4, several months after Bittrex's U.S. arm filed for bankruptcy and stopped operations.
#StaySAFU #Crypto_Angel
