The nascent cryptocurrency industry is constantly a target for online scams. You must understand that cryptocurrency transactions and security breaches are much different than in the banking industry. Cryptocurrency transactions are irreversible, if you send Bitcoin to someone there is no way to undo the transaction. The same is true in case of the attackers stealing your funds. Unfortunately, there is no way to recover any lost funds. Keep this in mind when dealing with cryptocurrency transactions and security.
Follow these security tips to stay safe from online scams: