Phishing Scam: How to avoid bitcoin fraud in Nigeria

RedimIT NG
3 min readJun 19, 2020

--

Phishing is the attempt to obtain sensitive information such as usernames, passwords, and credit card details (and sometimes, indirectly, money), often for malicious reasons, by masquerading as a trustworthy entity in an electronic communication.

There are numerous ways to lose your Bitcoins to phishing scams, fraud, and theft are getting more and more common these days. This article will describe how to avoid phishing scams in Nigeria.

Phishing is when someone tries to trick you into thinking they are a trusted company or website by having you visit a fake site.

Typically, phishers contact you via email or through a fake web advertisement. The end result is you go to their website by mistake and either get malware or lose your bitcoin through a fake sale.

With emails, you have to be careful to not take the bait. You may receive an email from a wallet or exchange you already use, either by coincidence or through past database hacks. Maybe hackers obtained your email address on the black market; for example from a Yahoo! or other service hacks.

The best practice is to not click on any hyperlinks in an email or open attachments. Go directly to the website if you have to do business there. A common tactic is to make a hyperlink look real, but if you hover over it you will see the fake website URL. Always check the sender's email to see where it’s coming from (although this is not 100% reliable as emails can be spoofed). With fake web advertisements, you have to be careful about the site you are visiting.

How to avoid Phishing

Always be suspicious of emails asking you to log into a specific service. Double-check the “from” email address and the URL in the browser you’re taken to.

Also, it’s best to always access sites directly from the browser and not from links. Also, make sure the site uses SSL connection — this means you should see a “lock” icon at the beginning of the address bar and that the URL immediately after begins with “https” and not “https”.

Most phishing sites don’t have an SSL certificate, although there may be exceptions. Lastly, most services that you sign-up with know your name and use it in their emails. So if you are addressed as “sir” or “dear customer” see that as a warning.

How to buy and where to buy Bitcoins safely in Nigeria

You are in the right place if you have been searching for the most reliable and fastest website to easily invest, or buy your bitcoins from and also sell your bitcoins.

Are you looking to purchase bitcoins or you have bitcoins you are willing to sell? Well, you are in luck because of all the bitcoin exchanges that are out there now, we can only but recommend the best.

There are thousands of merchants that accept bitcoin across the world. For example, RedimIT accepts Bitcoins and dozens of other cryptocurrencies like Bitcoin Cash, Ethereum, Litecoin, etc.

--

--