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Recognize social media fraud

Oct 13, 2020

We have noticed that a lot of fake social media pages have been created pretending to be LiteBit. These pages claim to give out bonuses to customers or ask you to give out personal information. If you come across fake/malicious LiteBit pages, or if you are being tagged by them, please report them to the social medium. Do not click on any of the links in their posts or comments.

Beware of scams!

Oct 13, 2020

While LiteBit is a secure and reliable service that acts in full compliance with the law and according to a regulatory framework, there are malicious actors active in the market trying to scam unaware victims. With this article we like to spread awareness for best practices that will prevent that you’ll become an easy prey.

Are cryptocurrencies safe?

Oct 12, 2020

Cryptocurrencies are in fact one of the safest assets in terms of transaction security. Their underlying technology is either defined by blockchain or distributed ledger technology. Both technologies prevent that a third party can intervene in transactions or create new coins or tokens out of thin air. Therefore, all transactions can be monitored and are verified by the network as well as the supply of each coin or token.

Brace yourselves KYC is coming –How the new regulations make it safer to trade

Oct 12, 2020

A basic idea of cryptocurrencies is the individual freedom of each person to decide about his or her own finances. Third parties should not have the possibility to interfere with the transactions of others. This has made Bitcoin extremely successful and is ultimately the reason why other crypto are also considered innovative payment systems.

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