Four rules to help you stay safe in the crypto space. The b | TON Community
Four rules to help you stay safe in the crypto space.
The breakneck growth of TON has left us speechless and continues to defy our expectations by attracting new users and accounts daily.
However, with the good often comes the bad.
Unfortunately, when a blockchain project becomes successful and starts to expand, bad actors come out of the woodwork and take advantage of inexperienced network users.
Therefore, we want to share a handful of rules to help you stay safe in the wild world of crypto and blockchain. Learn these rules and be careful out there.
Rule #1: Always double-check wallet addresses.
Never send Toncoin to strangers or unknown services and organizations.
You should always check addresses with an explorer:
1. Open an explorer (for example, TON.sh).
2. Enter the recipient’s wallet address in the search field.
3. Try to find signs that the address is correct or non-suspicious.
For example, if you send Toncoin to a service, it would make sense if said service’s wallet has a large amount of crypto because it would use its address often to transact in receiving payments.
Although it requires a little bit of research, this method will confirm the reliability and frequency of transactions for any service you’re investigating.
If the wallet of a “service” has only a few transactions credited to it, we can assume that this is most likely scammers.
Rule #2: Learn how to use crypto exchanges.
If you’re ready to buy or sell Toncoin on a crypto exchange, it would be prudent to read all of the instructions, guides, and any materials the exchange has to offer before you make a transaction.
It may be a lot of reading to do before making your first transaction, but it’s for the better. There have been innumerable instances when users forget to pay attention to specific details when buying or selling crypto, while the exchange’s tech support is virtually unable to help, even if it wants to.
If you’re unsure about something when making a transaction, try doing it with the lowest possible amount, for example, 1 Toncoin, to understand the process better.
Always read and follow the exchange’s guides to avoid unwanted (and sometimes irreversible) losses.
Rule #3: Use TON Apps.
Apps, services, and utilities from the TON Apps suite have been developed and are supported by teams that are in open communication with the developers of the TON Foundation.
The @tonblockchain team has audited all the apps in the TON Apps suite at least once.
This is by no means a safety guarantee (no one is protected from bugs, whether small or big), but it’s better than interacting with apps from teams with anonymous developers.
Rule #4: Never trust anonymous teams.
The TON Foundation team meticulously checks every app, service, or resource that launches in the TON ecosystem, and it’s prepared to support developers who actively communicate with the core team.
TonWhales and TON Coin Pool have been exemplary in this respect. Not only do they develop safe products they also regularly participate in the ecosystem’s development.
However, if a project preys on developers and inexperienced users, the TON Foundation will deny any form of support.
Thus, if you come across a new “interesting” project, you must first search for any mention of the project either in the TON Community channel or in the TON Apps suite.
If there are no mentions of the project in the resources mentioned above, heed caution because interacting with it may carry risks.
We recommend doing your own research before downloading or interacting with suspicious services in such a case.
Services that promise astronomically high returns should be taken with a grain of salt. Here’s a side rule: If it seems too good to be true, it most likely is.
Anything can happen: You could lose your crypto, your wallet could get hacked, your computer could become infected with viruses, and so on.
Follow these simple rules to keep yourself safe from bad actors and only trust official sources of information.
