4 TIPS THATLL KEEP YOUR CRYPTO SAFE FROM HACKERS THIS BULL MARKET

Last updated: June 19, 2025, 23:16 | Written by: Samson Mow

The crypto bull market is back, bringing with it not just exciting opportunities for gains but also a resurgence in hacking attempts and scams. 4 tips that ll keep your crypto safe from hackers this bull market VTBWith the potential for significant profits, cybercriminals are increasingly targeting crypto users and projects, making it crucial to bolster your defenses.Think of it like this: the juicier the target, the harder the strike. From selecting a reliable exchange to establishing robust security measures for DeFi protocols, security experts offer key advice to safeguard your crypto and prevent it from ending up in the wrong hands.Just like a well-fed bear attracts more attention in the forest, a booming crypto portfolio becomes a prime target for digital predators. Crypto users and projects must keep their heads on a swivel going into the next bull market, watching out for untrustworthy exchanges, unsecured decentralized finance (DeFi) protocols and ever-evolving phishing scams. In January, hackers launched 30 attacks and made off with over $182.5 million in stolen funds, marking a year-on-year increase of 771% from JanuaryJanuary alone saw over $182.5 million stolen in 30 separate attacks, a staggering 771% increase year-on-year! Now you know the three key pillars to helping keep your crypto account safe: setting up security features, recognising phishing attempts, and recognising crypto scams. If you have any questions, or if you receive suspicious communication claiming to be from us, kindly reach out to us at [email protected] .This isn't just about protecting your digital assets; it's about safeguarding your financial future. 2.3M subscribers in the ethtrader community. Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memesThis article isn't just about scaring you, it's about equipping you with the knowledge and actionable steps to navigate this bull market safely. 4 tips that ll keep your crypto safe from hackers this bull market CEX ETH Crypto users and projects must keep their heads on a swivel going into the next bull market, watching out for untrustworthy exchanges, unsecured decentralized finance (DeFi) protocols and ever-evolving phishing scams.We'll delve into the most common threats and, more importantly, provide you with four essential tips to fortify your crypto holdings against malicious actors. Crypto users and projects must keep their heads on a swivel going into the next bull market, watching out for untrustworthy exchanges, unsecured decentralizIt's time to get proactive and protect your investments before it's too late. 4 tips that ll keep your crypto safe from hackers this bull market Posted on Ma by RJM Crypto users and projects must keep their heads on a swivel going into the next bull market, watching out for untrustworthy exchanges, unsecured decentralized finance (DeFi) protocols and ever-evolving phishing scams.Get ready to learn how to keep your cryptocurrency out of the wrong hands.

1. Crypto users and projects must keep their heads on a swivel going into the next bull market, watching out for untrustworthy exchanges, unsecured decentralized finance (DeFi) protocols and ever-evolving phishing scams.Ditch the Exchange: Secure Your Crypto in a Personal Wallet

One of the most fundamental steps in securing your crypto investments is to avoid storing your funds on exchanges for extended periods. From choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep crypto from falling into the wrong hands.Exchanges, while convenient for trading, are prime targets for hackers.Think of them as centralized honeypots, holding vast amounts of cryptocurrency, making them incredibly attractive to malicious actors. 17 subscribers in the VirtualCoinCap community. Real-time Cryptocurrency Market Prices, Charts, Blockchain Cryptocurrency News, PortfolioIf they get hacked, you lose your crypto. Crypto customers and initiatives should hold their heads on a swivel going into the subsequent bull market, watching out for 4 tips that ll keep your crypto safe from hackers this bull market - The Blockchain PageIt's as simple as that.

Why Exchanges Are Risky

Centralized Targets: Exchanges are large, centralized entities, making them a single point of failure.A successful attack can compromise the holdings of countless users.
Custodial Services: When you store your crypto on an exchange, you don't actually control your private keys.The exchange does, meaning you're trusting them to keep your assets safe.
History of Hacks: The history of cryptocurrency is littered with examples of exchanges being hacked, resulting in massive losses for users.Mt. 4 tips that ll keep your crypto safe from hackers this bull market From choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tipsGox, Coincheck, and Bitfinex are just a few infamous examples.

The Solution: Personal Crypto Wallets

The alternative to storing your crypto on an exchange is to use a personal wallet. From choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep crypto from falling into the wrong hands. Crypto users and projects must keep their heads on a swivel going into the next bull market, watching out for untrustworthy exchanges, unsecured decentralized finance (DeFi) [ ]A personal wallet gives you complete control over your private keys, meaning you're in charge of your own security.There are two main types of personal wallets:

Hardware Wallets: These are physical devices that store your private keys offline, providing the highest level of security. As a crypto holder, it s crucial to understand these risks and take steps to protect your investments from cyber threats. Setting strong passwords and enabling two-factor authentication are just a few ways users can help safeguard their assets against unwanted intrusions.They are often referred to as ""cold storage"" wallets. 4 tips that'll keep your crypto safe from hackers this bull market - Cointelegraph: Blockchain security specialists share tips on where DeFi protocols should tighten their off-chain security andPopular hardware wallets include Ledger and Trezor.
Software Wallets: These are applications that you can install on your computer or smartphone.While less secure than hardware wallets, they are more convenient for frequent transactions. 4 tips that ll keep your crypto safe from hackers this bull market From choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep crypto from falling into the wrong hands.Examples include MetaMask, Trust Wallet, and Exodus.

Actionable Tip: Invest in a reputable hardware wallet and transfer the majority of your cryptocurrency holdings off exchanges. 4 tips that ll keep your crypto safe from hackers this bull market cointelegraph.comUse a strong passphrase and keep your recovery seed phrase in a safe, secure location. From choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep crypto from falling into the wrong hands. Crypto users and projects must keep their heads on a swivel going into the next bull market, watching out for untrustworthy exchanges, unsecured decentralized finance (DeFiNever share your seed phrase with anyone.

2.Fortify Your Accounts: Master Two-Factor Authentication (2FA) and Strong Passwords

Even if you use a personal wallet, it's essential to secure all your accounts related to cryptocurrency, including exchange accounts, email accounts, and any other online services you use. Discover expert insights and actionable tips to protect your cryptocurrency investments from hackers and scams during the current bull market frenzy.The foundation of this security lies in strong passwords and two-factor authentication (2FA).

The Power of Strong Passwords

A strong password is your first line of defense against unauthorized access.It should be:

Long: Aim for at least 12 characters.Longer is always better.
Complex: Use a combination of uppercase and lowercase letters, numbers, and symbols.
Unique: Never reuse the same password for multiple accounts.
Unpredictable: Avoid using easily guessable information like your name, birthday, or pet's name.

Actionable Tip: Use a password manager like LastPass or 1Password to generate and store strong, unique passwords for all your accounts. Crypto users and projects must keep their heads on a swivel going into the next bull market, watching out for untrustworthy exchanges, unsecured decentralized finance (DeFi) protocols andPassword managers encrypt your passwords and securely store them, making it easier to manage your online security.

The Indispensable Layer: Two-Factor Authentication (2FA)

Two-factor authentication (2FA) adds an extra layer of security to your accounts by requiring a second verification method in addition to your password. 4 tips that ll keep your crypto safe from hackers this bull market From choosing a secure exchange to setting up DeFi protocols security, security sages haveThis means that even if someone manages to steal your password, they won't be able to access your account without also possessing the second factor.

There are several types of 2FA, including:

Authenticator Apps: These apps generate time-based one-time passwords (TOTP) that you enter when logging in.Popular authenticator apps include Google Authenticator, Authy, and Microsoft Authenticator.
SMS Authentication: This method sends a verification code to your phone via SMS.While convenient, it's less secure than authenticator apps due to the risk of SIM swapping attacks.
Hardware Security Keys: These are physical devices that you plug into your computer or mobile device to verify your identity.They offer the highest level of security against phishing attacks. 4 tips that ll keep your crypto safe from hackers this bull market DeFi I Decentralized Finance on LinkedIn: 4 tips that ll keep your crypto safe from hackers this bull market Skip to mainYubiKey is a popular hardware security key.

Actionable Tip: Enable 2FA on all your crypto-related accounts, prioritizing authenticator apps or hardware security keys over SMS authentication. Extradition Papers Completed For Fled Nigerian Binance Exec Nadeem Anjarwalla, INTERPOL Africa VP SaysRemember to back up your 2FA codes or recovery keys in a safe place in case you lose access to your device.

3.Spot the Phish: Recognizing and Avoiding Crypto Scams

Phishing scams are one of the most common and effective ways that hackers steal cryptocurrency.These scams involve tricking victims into revealing their private keys, passwords, or other sensitive information by impersonating legitimate organizations or individuals.

Understanding Phishing Tactics

Phishing attacks can take many forms, including:

Email Phishing: Scammers send emails that appear to be from legitimate crypto exchanges, wallets, or other services.These emails often contain urgent warnings, fake promotions, or requests for personal information.
Social Media Phishing: Scammers create fake social media accounts that impersonate legitimate crypto projects or influencers.They may offer fake giveaways, promotions, or investment opportunities to lure victims.
Website Phishing: Scammers create fake websites that look identical to legitimate crypto exchanges or wallets.These websites are designed to steal your login credentials or private keys when you enter them.
Phone Phishing (Vishing): Scammers call you pretending to be customer support for a crypto platform and try to get you to reveal sensitive information.

How to Identify and Avoid Phishing Scams

Here are some key warning signs to watch out for:

Urgent Requests: Be wary of emails or messages that demand immediate action or threaten negative consequences if you don't comply.
Suspicious Links: Always hover over links before clicking them to check the URL. Learn 7 tips to secure your crypto during bull season and avoid getting scammed. Tip 1: Avoid Crypto Exchanges for Storage Key Advice: Do not store your cryptocurrencies on exchanges due to the heightened risk of hacks.Make sure the URL matches the legitimate website of the organization.
Grammatical Errors: Phishing emails often contain grammatical errors and typos, as scammers may not be native English speakers.
Unsolicited Requests for Information: Legitimate organizations will never ask you for your private keys, passwords, or 2FA codes via email or phone.
Fake Promotions: Be skeptical of promotions or giveaways that seem too good to be true.Always verify the legitimacy of such offers on the official website of the organization.

Actionable Tip: Always double-check the sender's email address and the website URL before entering any personal information.If you're unsure whether an email or message is legitimate, contact the organization directly through their official website or customer support channels.Never click on links or download attachments from suspicious emails or messages.A healthy dose of skepticism is your best defense against phishing scams.

4.DeFi Diligence: Securely Navigate Decentralized Finance

Decentralized Finance (DeFi) offers exciting opportunities for earning yield and accessing innovative financial services.However, it also comes with significant risks, including smart contract vulnerabilities, rug pulls, and impermanent loss.Navigating the DeFi landscape safely requires diligence and a thorough understanding of the risks involved.

Understanding DeFi Risks

Smart Contract Vulnerabilities: DeFi protocols are built on smart contracts, which are self-executing code.If these contracts contain vulnerabilities, hackers can exploit them to steal funds.
Rug Pulls: A rug pull is a type of scam where the developers of a DeFi project suddenly abandon the project and run away with the investors' money.
Impermanent Loss: This is a risk associated with providing liquidity to DeFi liquidity pools.If the price of the assets in the pool diverges significantly, you can experience a loss of value.

How to Securely Participate in DeFi

Here are some tips for navigating the DeFi landscape safely:

Do Your Research: Before investing in any DeFi project, thoroughly research the project, its team, and its smart contracts.Look for projects that have been audited by reputable security firms.
Start Small: Don't invest more than you can afford to lose.Start with a small amount and gradually increase your investment as you gain more confidence in the project.
Diversify Your Portfolio: Don't put all your eggs in one basket.Diversify your DeFi investments across multiple projects and protocols to reduce your risk.
Use a Hardware Wallet: Always use a hardware wallet to interact with DeFi protocols.This will help protect your private keys from being compromised.
Be Wary of High Yields: Be cautious of DeFi projects that offer excessively high yields.These projects are often riskier and may be more likely to be scams.
Understand Impermanent Loss: Before providing liquidity to a DeFi liquidity pool, make sure you understand the risks of impermanent loss.Use a impermanent loss calculator to estimate the potential loss.

Actionable Tip: Before interacting with any DeFi protocol, carefully review the smart contracts and audit reports.Use reputable DeFi analytics tools to assess the project's risk and potential rewards.Join the project's community and ask questions to get a better understanding of the project's goals and risks.Stay informed about the latest DeFi scams and security vulnerabilities to protect yourself from becoming a victim.

Conclusion: Stay Vigilant and Protect Your Crypto

The crypto bull market presents both exciting opportunities and increased risks.By implementing these four tips – securing your cryptocurrency in a personal wallet, fortifying your accounts with strong passwords and 2FA, spotting phishing scams, and navigating DeFi with diligence – you can significantly reduce your risk of becoming a victim of hackers and scams.Remember, the key is to stay vigilant and proactive.The blockchain space moves fast, and so do the fraudsters.Keep learning, stay informed, and always prioritize security.Don't become complacent, because that's when the criminals strike.By taking these precautions, you can enjoy the potential rewards of the cryptocurrency bull market with greater peace of mind.So, take action today to protect your investments and secure your financial future.And remember: if something seems too good to be true, it probably is!Secure your assets and ensure you stay safe from crypto scams.