In this era of rapid digital development, virtual currency has become an important part of the financial technology field. However, with the popularity of virtual currencies, fraudulent activities related to them have also emerged in an endless stream, causing considerable losses to many investors. How to protect one's assets in this digital world full of opportunities and risks has become the focus of every virtual currency enthusiast and investor.

Virtual currency, as a decentralized digital asset, has a high degree of anonymity and global liquidity, which makes it a "fat meat" in the eyes of fraudsters. They use complex technical means and attractive investment returns to lure unsuspecting investors into falling for the scam.

Unique method

• Only download apps on the platform

Xiao Ming accidentally clicked on a link online and downloaded an exchange APP that claimed to make a lot of money. After installation, he excitedly invested money, but found that he could not withdraw cash and the customer service disappeared. Only then did Xiao Ming realize that he had downloaded a fake exchange and all the money he had worked hard to save was wasted. He regretted not carefully verifying the authenticity of the APP

As the saying goes, everything can change without departing from its origin. Our mentality is very simple. You only need to remember one thing.

“Only download App from App store (Google play) and only trade on top 10 exchanges”

99.99% of the time there is no problem. The above is so simple that you can remember it after reading it once.

What, you said these are two different things? It does not matter

• Someone posted an invitation link to download the app, what should I do?

Xiaomei received an invitation link from her friend Xiaoqiang and downloaded an APP that was said to make money. She trusted her friends and invested money without hesitation. A few days later, the withdrawal failed and customer service lost contact. Xiaoqiang also found that he had been deceived and the link was impersonated by a hacker.

There is one more step required here. Usually someone posts an invitation link, and you need to verify whether this URL is the URL of the exchange.

How to verify? Below are several exchanges and their websites (* indicates wildcards, which are also owned by the company. For example, www.binance.com or account.binance.com both belong to the Binance website)

Practical exercises

1. Verify the URL before downloading the APP

Xiao Li recently became very interested in virtual currencies because a friend on a dating app told him that he could make money easily. One day, his friend told him about a very attractive investment opportunity, an exchange APP that claimed to make money quickly. His heart was moved, and when he was about to click to download, he suddenly remembered the tips he had just learned to prevent fraud. He checked the link carefully and found that the URL did not match the URLs of several well-known exchanges that he remembered.

Xiao Li decided to double check and found that this link did not belong to any reliable exchange. Xiao Li did not download it rashly, but chose to search and download the real exchange APP from the official App Store. In the end, Xiao Li avoided a possible fraud and successfully protected his assets.

2. Precautions after receiving invitation links

Xiao Zhang received an invitation link from his friend Xiao Ming, who said that this APP can make good profits. Xiao Zhang was excited about this, but he remembered that he should first verify the authenticity of the URL. Xiao Zhang clicked on the link and found that the URL looked a little strange. He remembered the fraud prevention techniques he had learned and decided to confirm further.

Xiao Zhang used a browser to open the official websites of several well-known exchanges for comparison, and found that the links sent by friends were not within these reliable ranges. He told Xiao Ming about the situation, and the two of them checked together and finally discovered that the invitation link was actually a scam posed by a hacker. Through this experience, both Xiao Zhang and Xiao Ming learned the importance of preventing fraud and avoided a financial loss.

Can I get my virtual currency back after being defrauded?

Based on the personal experience of everyone in many discussion forums, once virtual currency is defrauded, it is very difficult to recover it. However, there is still a small chance of recovering some or all of the funds by calling the police, seeking legal assistance, relying on the exchange's anti-fraud mechanism, and taking advantage of the transparency of the blockchain.