1/ Crypto beginners do not lose money only because markets fall.
Many people lose money due to poor security habits.
Here are 3 scams every beginner should recognise before opening an account. 🧵
2/ Fake support scams
A scammer pretends to represent an exchange, wallet, or crypto platform.
They may ask for:
• passwords
• verification codes
• recovery phrases
• remote device access
Do not provide them.
3/ Phishing links
Fake emails, messages, advertisements, and websites can closely copy legitimate platforms.
Their goal is usually to steal your login details or make you approve a harmful request.
4/ Never assume a link is genuine because the logo looks correct.
Open the official platform independently rather than logging in through an unsolicited message.
5/ Recovery phrase scams
Your wallet recovery phrase can provide access to your wallet.
Anyone asking you to reveal it, photograph it, or enter it for “verification” should be treated as a threat.
6/ Security basics matter before financial action:
• unique passwords
• password manager
• strong 2FA
• verified website addresses
• protected recovery phrase
• no rushed approvals
7/ The safer first question is not:
“What should I buy?”
It is:
“What do I need to secure and understand before I interact with crypto?”
8/ That is the safety-first approach behind my course, Cryptocurrency for Beginners – Safe Crypto Basics.
It is available for beginners who want a structured foundation without hype or coin recommendations.
