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.


Watch out for our next post on how to avoid phising.

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