One of the biggest issues plaguing the cryptocurrency world is a wave of scams, with U.S. government figures showing that 46,000 Americans lost a combined $1 billion to criminals last year.
Between pump-and-dump schemes, romance rip-offs and "rug pulls," crypto scams are getting more brazen and sophisticated. Perhaps even more worrying is the rash of major heists, in which hackers have been able to steal billions of dollars' worth of crypto from people's digital accounts.
But good cybersecurity habits can minimize the risks, experts say. Here are three mistakes to avoid when buying cryptocurrency.
Receiving your login credentials via text message
Some cryptocurrency exchanges use two-factor authentication for online accounts. That requires users to first enter their username and password, and then entering a numerical code typically sent to their cell phone via text message.
The problem? Hackers can use what is known as a "SIM swap" scam to intercept your incoming texts, blockchain...
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