Last Saturday in Izmir, Turkey, the second CRYPTO IZMIR event was held, dedicated to the security of using centralized exchanges, the choice of crypto wallets, staking and work in the industry.
In the first part of the event, the speaker talked about staking and farming and the differences between these types of investment. However, the main topic was the security of using centralized exchanges.
The basics of security at CEX, according to the speaker, are:
-
Using Google Authenticator
-
Using one phone number for one exchange
-
Installing a trusted wallet for cryptocurrency withdrawal
Installing a trusted wallet can protect against wallet address spoofing in the source code and is one of the best ways to deal with popular hacking methods. In order to demonstrate the practical use of the exchange, the speaker broadcast the interface of the BitGet exchange on the screen, where he showed how to maintain maximum security, use P2P and start trading even on a demo account.
A method of scamming and defrauding artists using NFTs was also considered. An unknown person wrote to one artist who is a member of the CRYPTO IZMIR community on Instagram and offered to buy a painting for $2,000. However, since the buyer is far away, he offered to mince the painting and make an NFT. The most interesting thing began when the buyer suggested using not Rarible or OpenSea, but an unknown Bubblecherry resource.
The artist was already planning to send money for gas for NFT mint, but after talking with the founder of CRYPTO IZMIR, it turned out that this was a common scam and the so-called “buyer” wanted to get money for NFT mint and disappear. There have already been negative reviews about Bubblecherry on the Internet. US artists have complained that they sent money for a NFT mint and then the buyer stopped communicating.
In the second part of the event, options for choosing crypto wallets, their security and ease of use were considered. For example, JAXX, XAPO, SafePal, TREZOR, LEDGER and wallets of centralized exchanges were considered. After that, there was a crash test of the artbit idea, where everyone was able to assess the potential and find the vulnerabilities of this startup. Finished the second part with a charity auction, where they sold NFT CharityChain “CRYPTO IZMIR”.
In the last part, it was told about the opportunities for working in the crypto industry and what are the most popular and in-demand professions on crypto exchanges. Many people have the basic skills to work as a BD or a community manager, but in order to show yourself well in the crypto industry, you need to at least know the terminology and be aware of the news, so the speaker advised reading top crypto media.
As a reminder, the first Blockchain Education Conference in Izmir took place in December last year.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
