Image by mohamed Hassan from Pixabay

Top 5 Safety Tips to take note of when Investing in NFTs


Image by mohamed Hassan from Pixabay

1. Do not haplessly click

  • Never open attachments or links from sources you don’t recognize
  • Likewise when looking for assistance with problems on an NFT platform
  • If you need assistance, always go to the official NFT trading site customer care rather than someone who approached you through another medium, such as social media

 

2. On NFT Projects, DYOR

  • Before investing in NFTs, carefully review the project’s website, roadmap, social media accounts, and creators’ biographies to determine the long-term value of your investment

 

3. Verify the contact information

  • The address should specify where the NFT was minted
  • If you’re not sure, check the creator’s website to make sure the information is genuine

 

4. Use your wallet credentials wisely

  • Don’t share your seed with anyone, retain a photo of it on your phone, or save it in a secure place
  • To further improve the security of your accounts, use strong passwords and enable two-factor authentication (2FA)

 

5. Use reputable browser extensions and wallet applications

  • There are many harmful programs that pose as legitimate ones
  • To avoid being phished, download your wallet application or browser extension from the trusted, official website

 

 

REFERENCE

  1. https://www.binance.com/en/blog/nft/common-nft-scams--safety-tips-2022-421499824684903591

 

DISCLOSURE:

None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.

Please note that the tech industry evolves rapidly and the info in this article is correct at the time of publishing. As Heraclitus said, “Change is the only constant,” so if anything sounds old or off, please holler on the socials or comment here so everyone stays peeled.

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TheNiftyRevolution
TheNiftyRevolution

Hi, I'm Mo and I'm an entrepreneur passionate about crypto, NFTs, and the blockchain. This publication aims to educate the masses on adopting Web 3.0 early before it's too late :) I'm here to write, if it takes off, thanks a lot fam, if not thanks still


theniftyrevolution
theniftyrevolution

Exploring creativity and the love of fancy things in life through Cryptoart or NFTs (Non Fungible Tokens). An important disclaimer before reading anything else. It’s kind of a must for crypto investment stories nowadays. Articles I publish are not financial advice, as I am not “paper qualified” to give away such advice. This is simply the humble adventures of a crypto and NFT enthusiast.

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