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Keeping Your Digital Assets Safe: Tips and Best Practices | Wealth 99

Written by Vicky Barker | Feb 28, 2023 9:40:34 PM

With the rise of digital assets such as cryptocurrencies, it's becoming increasingly important to protect your investments from scams and fraudulent activity. Here are some tips and best practices to help you keep your digital assets safe.

1. Beware of Promises of Big Returns

Be aware that if you fall victim to a scam or fraudulent activity, your digital assets may not be recoverable. Therefore, it's important to be wary of any external organization that promises big returns in exchange for holding any of your assets. If something seems too good to be true, it probably is. Before investing in any asset, do your own research and due diligence. Never invest more than you can afford to lose.

2. Transactions on the Blockchain are Irreversible

Keep in mind that blockchain transactions are irreversible. Once you transfer your digital assets, they cannot be recalled. Double-check the recipient's wallet address before making any transactions.

3. Do Your Due Diligence

Before doing any transactions with external parties, do your own due diligence. Research the organization or individual you're dealing with and make sure they have a reputable track record. Check for any red flags or warning signs, such as unsolicited emails or requests for sensitive information.

4. We Do Not Have Any Association with Other Exchanges

Be wary of anyone claiming to be affiliated with Wealth99 or Dacxi who asks you to transfer your assets to them or vice versa. Always verify the identity of the person you're dealing with and confirm any requests with our official customer support team.

5. We Will Never Ask You to Reveal Sensitive Information

Wealth99 and Dacxi will never ask you to reveal any sensitive information or send assets to any address for any reason. If you receive an email or message that seems suspicious, contact our customer support team immediately.

6. Be Mindful of Impersonators

Be on the lookout for anyone impersonating Wealth99 or Dacxi with false messages of promotions and sweepstakes. Fake social media groups, pages, and profiles are everywhere. To ensure you're following our official social media accounts, check the links provided on our website.

7. Once a Blockchain Transaction is Made, There is Little We Can Do

Once a blockchain transaction has been made, there is little more we can do other than provide the transaction data needed for further investigation. If you believe you've been scammed, we strongly recommend you lodge a formal complaint with the appropriate authorities.

Final Thoughts 

Protecting your digital assets is crucial in today's world. By following these tips and best practices, you can minimize the risk of falling victim to scams and fraudulent activity. Remember to always do your own research and never invest more than you can afford to lose. If you have any questions or concerns, don't hesitate to reach out to our customer support team. Stay safe and happy investing!

Think you’ve been scammed? We strongly recommend you lodge a formal complaint with the Police and Scamwatch. If you’re in Australia visit this website here, and for the UK, head here. 
 

If you haven’t already, join us at Wealth99!