Ivan Tikhonov: “When exchanging cryptocurrencies, there is always a chance to be deceived”

Ivan Tikhonov, founder and head of Bits.Media, speaks at the TECH WEEK conference in Skolkovo. He will talk about the risks and ways to protect against fraud when exchanging cryptocurrencies.

In his presentation, Ivan analyzes the most popular ways to buy and exchange cryptocurrencies, as well as the most common fraud and fraud schemes. For example, inexperienced users can follow a phishing link to a fake cryptocurrency exchange and lose funds.

Also, when trying to buy cryptocurrencies in exchangers or in person, it is always necessary to consider physical security. Quite often there are cases when, when buying or selling cryptocurrencies, the buyer is simply taken away or stolen money.

Among the signs that should alert the user, Ivan singles out excessively favorable exchange rates, a short period of operation of the exchanger, a large number of positive reviews from recently registered customers, reports of delays in payments and the lack of details.

The founder of Bits.Media notes that users are not the only ones facing the risk of fraud. There are cases of fraud attempts on their part, for example, when a client creates several requests for an exchange with the same amount, but pays only one of them.

In conclusion, Ivan Tikhonov advises having a unique and complex password for each site, always double-checking the details at each stage of the exchange and, if necessary, contacting counterparties through several communication channels.

Earlier, the founder of Bits.Media spoke on the Trust Crypto YouTube channel about the nuances of organizing modern online media.

Source: Bits

You may also like