Rule No. 1 Is ... - What To Pay Attention To

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Rule No. 1 is never lose money.
Rule No. 2 is never forget Rule No. 1. source

Everyone wants to make money, get rich as quickly as possible and with the last leg of the bull run coming, there are plenty occasions to achieve that, but there are also plenty of traps that can leave you penniless if you're not careful. We've seen several posts complaining about Metamask wallet hacks lately, but scams are regular on Hive as well.

With the latest pumps, we see new accounts created and/or old ones activated, not all for a decent reason. Let's see what you can do in order to protect your Hive account and along with that your tribe tokens.

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Check Your RECOVERY ACCOUNT!

When you register to Hive, you get your recovery account set to the dapp you're registering through as default. It's not a bad thing but you may want to choose someone who you trust so in case your account get compromised, you can act quickly as speed is of the essence here.

Some of you who've been here for years, maybe dropped out for a bit and came back lately have forgotten that our default recovery account was set to STEEMIT back in the day! Go check and change it as I'm not sure Steem people will be eager to help you recover your account.

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Check "Authorities"

Go to Account Actions, click Keys & Permission, then Authorities. This is where you can check what dapps you have authorized whit your keys.

Dapps are coming and going, which is fine as long as you revoke your authorization from those dapps that are not active, you don't use them anymore or worse, have stayed with the old chain. You can re-authorize any dapp when you need them again. Better safe then sorry.

I've checked mine today and was surprised to see dapps that are not active anymore have authorization for my posting key.

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Check Outgoing Withdraw Routes

Once your account gets hacked, the first thing hackers usually do besides taking all your liquid funds is to change the outgoing route. Once you are able to recover your account (let's hope you are), the first thing you should do is check the outgoing route and change it if it's set to an account you haven't authorized. How many have lost another power down batch because they have failed to check the outgoing route.

The easiest way to do that is to go to https://hivetasks.com/@youraccountname, no need to log in, just put your account name after the @, load the page and check if there's any outgoing rout that has not been set up by you.

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Use Keychain and/or Hivesigner

We've got two trusted services that you can use instead of copy/pasting your keys every time.

https://peakd.com/@hivesigner/posts
https://peakd.com/@keychain/posts

It's up to you if you trust them and/or use them. If not, just pay attention to where and how you're using your keys.

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Don't Fall For Fake Airdrops

One of the most common form of scam on out platform (and not only) is to comment on user's post, announcing an airdrop, then place a link to a scam platform, where your keys are needed. Once you paste your keys, you're done.

Remember, airdrops and everything new related to the ecosystem is announced in posts, never in private messages on Discord or comments.

If you don't know what to do, ask for help first. It's cheaper, trust me.

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Don't Trust Everyone Blindly

Just because someone has been on the platform for some time and you think you know them, that doesn't mean they are trustworthy. Anyone can create an account for free, be active for a month or two, make some waves and leave with a sh*tload of money, your money actually.

Remember, we have an amazing community and there's always someone that knows more and can help you. Greed can cost you a lot. Keeping your money safe is also part of the becoming rich process.

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Posted Using LeoFinance Beta



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27 comments
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(Edited)

Wow

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I see you're in a comment spamming mission. These never end well, so maybe it's not too late to actually read the post you're spamming now and add some meaningful comments.

Posted Using LeoFinance Beta

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Well it's sort of a matter of concern if there are dapps or even the tribes that require your account keys to login. Does it mean we are at the risk losing keys to the Dapps/tribe owners?
I don't know how to act towards this.

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Tribes will never require your keys. Dapps do though. How else can you log in to your account? How do you log into your account?

I think you're confusing things.

Posted Using LeoFinance Beta

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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

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PIZZA!
@erikah! The Hive.Pizza team manually curated this post.
PIZZA Holders sent $PIZZA tips in this post's comments:

You can now send $PIZZA tips in Discord via tip.cc!

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Reading and re reading this post! Thankyou

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You're welcome, I'm glad it's useful. Let me know if you need help.

Posted Using LeoFinance Beta

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Thank you! I may have some questions as I work through the steps =)

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Happy to help if I can :)

Posted Using LeoFinance Beta

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Thanks, i'll set aside a bunch of time tomorrow to work through all of the helpful things you suggested.

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All good tips!
I hope All the new users to take them seriously and learn how to protect their main password and use All the keys around hive blockchain.
Namaste 🙏

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I hope so too as otherwise the experience is painful.

Thanks for stopping by.

Posted Using LeoFinance Beta

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It is most definetly.
I'm trying to remind all the users from my country to pay attention to this :)

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Good reminder. Special for newcomers. Always be paranoid in terms of protecting your crypto!

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Being paranoid is the only way. As soon as you're confident you're safe, you're exposing yourself to risk.

Posted Using LeoFinance Beta

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Thanks for highlighting the "Outgoing Withdraw Routes" feature. I wasn't aware of this. Very valuable info!

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You're welcome. Many are not aware of it and they get scammed for another batch of power down till they realise it.

Posted Using LeoFinance Beta

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kudos on bringing this to everyones attention again!

Last year I had made some epic fails in here with not having a good recovery account and still having my Steem keys used and then I pressed on a fak airdrop...

Boom 4400 hive gone which woould have been a nice 10K dollars today, so indeed....warn the whole world about this because loosing funds just gives you a really itchy feeling!

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