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Avoiding Scams: A Guide for GeroWallet Users

Updated: 6 days ago

As the Cardano ecosystem continues to grow, so do the risks associated with scams and fraudulent activities. As a Gerowallet user, it’s essential to stay informed and take proactive steps to protect your assets. 

Secure Your Seed Phrase

Your seed phrase is your lifeline to your Cardano assets. Treat it like your most valuable possession. Never share it with anyone, and avoid storing it online. 

Verify Official Announcements

When participating in token sales, mints, or other critical events, rely on official channels. join the GeroWallet community channels and stay informed through trusted sources. 

Be Skeptical of Free Offers

Scammers often promise airdrops, giveaways, or easy gains. If it sounds too good to be true, it probably is. Always verify the legitimacy of any offer before participating.

Double-Check URLs and Links

Before clicking any link, verify the website’s URL. Look for subtle misspellings or variations that could lead to a fake site. If in doubt, manually type the URL into your browser.

With Gero, You also Receive Cardano Shield

Cardano Shield, a security solution designed for Cardano Wallets, provides real-time protection against scams and phishing attempts. It integrates seamlessly with GeroWallet, ensuring that you’re alerted to potential threats. Stay updated on its features and use it to enhance your security.

Cardano Shield logo

Stay informed about common scam tactics recognize red flags, and share this knowledge with fellow GeroWallet users and the Cardano community. 

The more informed the community is, the safer we all become. 

If you encounter anything suspicious—whether it’s a suspicious transaction, a phishing attempt, or an impersonation—report it promptly. Reach out to the Cardano community, GeroWallet support, or relevant authorities. 

By following these guidelines, you’ll minimize the risks and enjoy a safer Cardano experience.

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