Mastering Crypto Security: 10 Essential Guidelines for Bintense Exchange

In the ever-evolving world of cryptocurrency, it’s imperative to remain vigilant and well-informed. The internet is teeming with opportunistic individuals looking to exploit the unwary, and the crypto market is not exempt from their attention. In this article, we’ve curated essential tips and strategies for your crypto assets to be better controlled and managed. These guidelines will help to maintain the integrity of your funds and the confidentiality of your personal information. Moreover, we’ll help you distinguish genuine Bintense representatives from potential impostors.

1. Keep Your Login Credentials Protected

Your User ID and password are your digital keys to your Bintense account. Therefore, storing them with maximum possible security is vital, away from prying eyes. We strongly recommend using robust, regularly updated passwords to keep potential threats at bay. Be sure to enable password change notifications for added protection.

2. Activate Two-Factor Authentication 

Two-factor authentication is a formidable defence mechanism for your account and assets. Even if someone gains access to your username and password, they won’t get past the gate without verification from an entirely separate device. Keep 2FA activated and ensure that the devices used for 2FA are kept isolated from one another.

3. Keep Your Device Individual

The devices used to access your Bintense account and email should be under your exclusive control. Avoid sharing these devices with anyone you don’t trust implicitly, especially strangers. This extends to granting remote access to your devices or screen sharing during virtual meetings.

4. Resist External Assistance

When managing your account or portfolio, sensitive information is often on display. Never allow anyone to provide guidance or tutorials on operating your account or exchanging your assets. Exercise caution when registering an account, and consider doing so independently.

For handy assistance, you can find concise video guides on using your account or registering a new one on our YouTube channel.

5. Exercise Caution with Unfamiliar Parties

When dealing with unfamiliar individuals and companies, always investigate their backgrounds to ascertain their trustworthiness. Regardless of whether you are buying from or selling to them, and irrespective of the transaction amount, it’s always prudent to double-check before proceeding. Remember, crypto transactions are irreversible.

6. If It Sounds Too Good to Be True, It Probably Is

This timeless piece of advice is one to always bear in mind. If an offer appears excessively attractive or an opportunity seems exceptionally lucrative, it’s essential to approach it sceptically. Extraordinary opportunities are rarely genuine and often designed to defraud you of your funds or personal information.

7. Access Bintense’s Services Through Official Channels Only

Bintense has a few official websites accessible via bintense.io, bintense.uk, bintense.au. Any other website or app claiming to be associated with Bintense is unofficial and best avoided. Using third-party sources to access our services could jeopardise your information and assets.

8. Official Communication Channels Only

Strictly engage with Bintense through our official channels. We can readily address your inquiries at [email protected]. Remember that we will never contact you from domains other than @bintense.io,  @bintense.uk, @bintense.au or make unsolicited calls. We will also never ask for your credentials or request any financial transactions. Anyone doing so is not affiliated with Bintense and should be cautiously approached.

9. No Crypto Giveaways by Bintense

It’s important to note that Bintense does not host cryptocurrency giveaways. You should only input your credentials on the official Bintense website. While we may occasionally offer merchandise, referral rewards, or conference tickets to promote events, we do not conduct crypto giveaways.

10. Bintense Does Not Provide Investment Advice or Brokerage Services

Every purchasing or selling choice is entirely your own. Bintense does not offer investment advice or brokerage services. We believe that you should exchange what you understand. To facilitate this, we provide background information on the assets we list, publish market insights and educational articles on our blog, create videos explaining key blockchain and crypto features on our YouTube channel, and participate in panels and conferences to discuss crypto, the market, and the industry. Should someone claiming to represent Bintense offer you financial advice or brokerage services, it’s best to exercise caution.
By adhering to these guidelines, you can enhance the security of your crypto assets and create formidable barriers against potential scammers. If you ever encounter a situation outlined in these 10 points and sense something amiss, promptly change your password and contact us at [email protected]. Your security is our top priority.

en_US

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

What are the key risks?

1. You could lose all the money you invest.

  • The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
  • The cryptoasset market is largely unregulated. There is a risk of losing money or any crypto assets you purchase due to risks such as cyber-attacks, financial crime and firm failure.

2. You should not expect to be protected if something goes wrong. 

  • The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here: https://www.fscs.org.uk/check/investmentprotection-checker
  • The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here: https://www.financialombudsman.org.uk/consumers.

3. You may be unable to sell your investment when you want.

  • There is no guarantee that investments in crypto assets can be easily sold at any given time. The ability to sell a crypto asset depends on various factors, including the supply and demand in the market at that time.
  • Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delays, and you may be unable to sell your crypto assets when you want.

4. Crypto asset investments can be complex.

  • Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment.
  • You should do your own research before investing. If something sounds too good to be true, it probably is.

5. Don’t put all your eggs in one basket.

Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well.

A good rule of thumb is not to invest more than 10% of your money in high-risk investments: https://www.fca.org.uk/investsmart/5questions-ask-you-invest.

If you want to learn more about protecting yourself, visit the FCA’s website here: https://www.fca.org.uk/investsmart.

For further information about cryptoassets, visit the FCA’s website here: https://www.fca.org.uk/investsmart/crypto-basics.