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Problems And Risks Involved With Cryptocurrency

Cryptocurrency refers to the digital asset which has been developed as a medium of exchange using cryptography to secure all financial transactions. This is a sub-category of digital currencies; the first decentralized Cryptocurrency was developed in 2009 and was named Bitcoin. In short, cryptocurrency is basically a form of electronic money and unfortunately suffers from some shortcomings.

Cryptocurrency has become so popular and the reason behind that is its anonymousness. But; with the increase in the level of technology, cybercriminals have also increased the level of anonymity and techniques to extract the financial and personal information of a user. For more information on what are the risks associated with using cryptocurrency as your preferred method of financial transactions, connect with the Kaspersky AntiVirus Support experts.

What Are The Risks And Problems Associated With Using Cryptocurrency For Your Financial Transactions?

Our technical veterans at the Kaspersky Support have come up with a list of certain risks associated with cryptocurrency. These have been explained in details below.
1.    Spoof Payment And Phishing
Let’s take an example, you are transferring money to your friend and then copy the wallet address but a malware will replace the address in the clipboard with some other address. On the other hand, users can be fooled into visiting a fake website where they upload their cryptowallets details and enter the password. Let the Kaspersky Technical Support be your guide in making your online transactions easy and safe.

2.    Payment Gateway Hacking
At times, even a genuine payment gateway might lead to loss of the user’s precious money. Cybercriminals often employ social-engineering to convince the hosting provider that they are the original owners of the site. Once this has been accomplished, they are empowered to intercept the flow of money as long as they want to. We at the Kaspersky AntiVirus Support are here to secure all your online transactions with the best technical assistance.

3.    Unsafe ICO’s
ICO, also known as Initial Coin Offering is a recent trend where users invest in projects by using cryptocurrencies. Cryptocurrencies have made it easier to raise huge amounts of fund with a simple internet connection for the user. However, this market is not regulated by any rules for risk assessment or ROI (Return on Investments). This leads to hackers and cybercriminals using cryptocurrency as a means of hoarding large amounts of money from unsuspecting users in the name of sharing a great project which is fake. We at the Kaspersky Customer Support are available round-the-clock to help you thwart off any attempt at stealing your precious money.

4.    Copying User Address
The collection of funds inside an ICO remains open and closes at a specified time after a fixed amount has been collected. Afterwards, the collection address is posted on the main website where it is opened. Recently, a hacker got access to the main website and once the collection began, he replaced the original address with that of his own. Want to know about how to execute a safe online transaction using cryptocurrency? Connect with the highly trained and experienced Kaspersky Tech Support unit to get the best help to keep all your transactions safe from any unauthorized access.

How Can I Secure Myself Against Such Frauds While Using Cryptocurrency For Online Transactions?

The specialists at the Kaspersky AntiVirus Supporthave come up with some effective guidelines on how you can prevent someone from stealing your digital currency. Kindly follow these to ensure total security of your financial transaction while using cryptocurrency.

Guidelines For Safe Cryptocurrency Transactions

1.    Firstly, always verify the online wallet’s address and do not follow any links to an unknown Web wallet.
2.    Prior to sending any money, double-check the recipients address, the amount and the size of the additional fee.
3.    Do not risk go into crypto-investment.
4.  Always have the best antivirus protection program to keep your device safe, especially the ones used to access crypto-wallets.

How Can I Connect With The Kaspersky Customer Support Experts?

You can contact the highly skilled and experienced Kaspersky Support experts via toll-free number at 1 800 987 893. Ours is a vast team of highly trained and experienced technical experts who have the experience and tools to handle such situations. When you contact the Kaspersky Technical Support experts at 1 800 987 893, rest assured that your issue will be resolved without any delay.

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Problems And Risks Involved With Cryptocurrency


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