Cryptocurrencies are a booming hot topic nowadays. People are investing a lot of money to get a good return and mine a fortune for themselves. With the rise of the new mode of income, even scammers are taking advantage of this wave. People lose a lot of money due to these fake mining applications. Here is a guide on how to identify if a crypto mining application is fake.
Don’t use third-party applications
Google Play Store and Apple App store have few security standards that applications have to pass to get listed. Few of the third party applications may seem very useful and fancy but it’s not the same case with every application. They might be secretly taking all your information. Also, check for crashes and hanging of the application. If there are frequent crashes and it gets reset there might be something fishy and the application needs to be uninstalled as soon as possible.
Check For the Permission required
Users get really lazy while checking the permission. In a hurry, everyone just taps on to allow for all the permission asked by the application. This actually results in dangerous outcomes. There might be a ton of personal data that you might be giving away legally. Check for the suspicious permissions an application is asking for. For example, a crypto application should not need your camera or bank detail permissions. Also, check for applications that wake up automatically in the background, It’s a big red flag in such cases.
Read Also: Watch Out for These Top Internet Scams
Know about the developers
It’s very important to do a background check. If the developer is not very reputed there might be a possibility that the person is a scammer. On the well reputed applications, all the information of the developers are mentioned with full details. Even if the developer is reputed, still check the terms and conditions of the application. It has also happened often that we bear some loss and we absolutely cannot do anything about it, as the user clicked I agree on terms and conditions without reading it carefully.
Other users who had bad experiences regarding the application often leave a bad review. The review system generally helps other users to know if the application is genuine and what problems others faced. Also, check if the developer is responding to the queries in the review section or not. Usually, the applications whose reviews are bad are either fake applications or are suspected to carry viruses or grab hold of your data.
These easy checks will not only keep you safe from fake crypto mining applications but also all types of suspicious applications. We also advise that before investing one should always have proper knowledge of the place they are investing. Following these checks will save your data and also your hard earned money.
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