, 2 years ago
Security is extremely important, because we want all our customers to be able to trade safely. This article will highlight all the important aspects to consider.
For starters, one very common approach of scammers is to simply ask their victims to perform certain tasks via social media or e-mail. In the course of action, the victim will lose money. Here are the things we will never ask from you:
There are also things you are responsible for to perform yourself. Always make sure to:
Unfortunately, there are many fake Facebook and Instagram pages who pretend they are LiteBit. Recognize fraud by checking:
Fake Instagram pages pretending to be LiteBit are reaching out to our social followers claiming that they won a price or that they need to log in. This is not us, as we will not reach out to you via our social channels.
Additionally, always watch out for phishing. You should especially check:
However, the quality of these phishing emails is increasing and therefore it is more difficult to distinguish them from our emails. Below you can find two examples of such phishing emails. So, always check all the aspects stated above.
Please be aware that there are many phishing sites or advertisements on the Internet that look like LiteBit. These sites are fake and harvest your credentials which can then be used to login to your account. These sites will capture many different things including, username, password, 2FA code, and possibly even ask you for your email username and password. LiteBit will never ask you for your email username and password, so please never enter those on any login that looks like a LiteBit site. If you are in doubt of visiting a fake LiteBit site or not, then type in the URL yourself and visit us. Save it under your ‘Favorites’ or Bookmarks.
Dec 09, 2022
Unlike in traditional finance, in crypto you can truly own your money. Because whoever controls the cryptographic keys, controls the funds. That's a fundamental property and THE major benefit of crypto. If you don't have your keys, you don't really own your coins. If you deposit your coins on an exchange, you risk them going bankrupt. Instead, if you own the keys, then you are the custodian: we call that self-custody. How can you learn to take self-custody?
May 16, 2022
If you are considering investing in Bitcoin, you undoubtedly have questions about the soundness of the system. And rightly so. You will soon learn that the security and risks depend not only on the technology but also on the user: you. Together, you and Bitcoin are the bank. If Bitcoin is the vault, you are the one who keeps the keys. How secure are you, as a team?
Aug 24, 2021
Bitcoin is absolutely secure. That is a sentence that is perfectly true at the time of writing. But this is not only due to the fact that its technology has been proven in the past but also because of its network and its constant growth in the last couple of years. That being said, one should never take the transaction security of a network for granted. Bitcoin allows every user to check and verify literally everything in its network, including, but not limited to its monetary supply and if a transaction is valid or not.' But there is also the possibility of fraud, meaning that an entity could try and overtake the Bitcoin network. In this article we will discuss how this is theoretically possible and how likely this is to succeed.
Mar 16, 2021
Customers of LiteBit enjoy a state-of-the-art security when it comes down to their accounts and their cryptocurrencies trusted with our service. However, there are specific steps that we cannot take on behalf of our customers and they are responsible to act according to security best practices. Responsibility requires awareness and knowledge; with this article we like to empower you to understand how to protect yourself and why this is so important.