Risk: Account Hacking
Digital wallets used for storing cryptocurrencies may be vulnerable to hacking, and fraudulent websites can mimic exchange platforms, leading to asset losses.
Measures to Reduce Risks:
Use offline wallets (e.g., Ledger or Trezor) for cryptocurrency storage.
Install a VPN to mask your IP address.
Disconnect digital wallets when interacting with online platforms.
Ensure correct website links by verifying on platforms like CoinGecko.
Enable two-factor authentication for centralized exchange accounts.