Cryptocurrency exchanges and their vulnerability.

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Nowadays the world of cryptocurrencies is wider and reaches more users, which is why we must look for safe places where we can store our cryptocurrencies, with the firm purpose of avoiding being swindled or stolen by people who make a living out of it. One of the mechanisms that are being used to defraud cryptocurrency users is the fake creation of APPs.

It is well known that the technology industry increasingly seeks to make things easier for society, based on this Andorid and Apple have incorporated in their stores a myriad of cryptocurrency wallets that allow users to have their resources instantly through smartphones, so they can have their resources instantly and to perform transactions that they wish to execute.

Recently a user of these crypto wallets stored in Apple's AppStore was the product of a scam or theft by losing 17.1 Bitcoin which at the time of the scam was approximately $600,000 and currently at the price at which the Bitcoin is quoted would be approximately $ 1,000,000, the victim of this scam ensures that he is in medical treatment with a psychiatrist to recover from this loss.

Due to this situation Apple claims that its AppStore is highly qualified and supervised, to provide a safe experience for its users to have more useful applications, because for this they charge a commission of 15% to 30% on sales that occur in its store in order to finance the security of its APP, however many experts say that the rules of this technology giant are quite simple so that fraudsters can easily circumvent them and can deceive users who make use of it. Malicious developers present Apple with seemingly harmless applications that after being approved by its administrators are transformed into "phishing" applications to trick users and steal their private information.

In conclusion, you should never trust these applications because hackers are always on the lookout for your weaknesses to see who they can steal your information and then scam or steal your economic resources that with so much sacrifice you have achieved, from my point of view it is better to use computers that although they are also vulnerable there is less likely to be stolen because you would not have to use the AppStore.

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11 comments
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The more people use crypto or legacy internet banking, the more scammers there would be. People got used not to care about their cybersecurity. Hope this will change soon.

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Greetings @cryptohumster, it is correct users do not care about their cybersecurity and that is why they live suffering attacks every moment, but it is never too late to change and we must guide people to care about this aspect.

Thanks for your comment.

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Also, cryptocurrency exchanges always ask for our information. Most of them even ask for our ids. It's better to use decentralized ones because they don't ask any details !

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Hi @clixmoney, important information you provide, it is very true it is preferable to use decentralized exchanges.

Thanks for your input.

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Its often the most basic lapse in security that lets someone in, sometimes even physical security, the best way to fight this is awareness. Many companies now send their staff fake phishing emails to educate, so that people have their guard up when they receive an email with dubious intentions. The more we can do to increase awareness the harder it will be for fraudsters to take advantage of the community.

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Greetings @notak, that's how it is, we have to create more awareness among users so that they are not fooled so easily.

Thanks for your comment.

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That is one of the challenges that are currently available for wallets and for those of us who have cryptocurrencies: education.

You have to be very informed in relation to security measures and what to do to avoid falling into fraud The best thing is not to download applications of dubious origin and use things that are decentralized.

Very good your publication that motivates people to take care of themselves.

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Greetings @reinaldoverdu, starting from your comment it is about that that people are better informed about how you can avoid fraud and be able to have their cryptocurrencies safe.

As always I appreciate your contribution.

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Hello @carlir

I agree with you, particularly I'm overly cautious about this.
Great reading and excellent information.
Thanks for sharing.
Have a great day!
Regards.

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Greetings @janettyanez, that's exactly what it's all about users being cautious and before doing something that puts their cryptocurrencies at risk they should inform themselves first.

Thanks for your comment.

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