Beware of fake cryptocurrency wallet apps
Cryptocurrenices like Bitcoin have been in the news a lot lately. From its volatile increase in value, to people becoming Bitcoin billionaires, to millions being lost in hacks and theft, to people mortgaging their homes in order to buy into Bitcoin have been hogging the headlines for the past few weeks. With cryptocurrency popularity at an all time high, it should come as no surprise that some people are looking to make money off of the cryptocurrency craze in some not so legitimate ways.
Much like real currency, or analog currency if you will, cryptocurrency needs a place where it can be stored safely and securely. These exchanges or clients are often referred to as wallets.
Recently, some people have been listing phony wallet apps on the various app stores that appear to be connected to certain cryptocurrencies, but are not official apps. These apps could compromise your personal information including the private keys to your wallet which could result in the loss of your cryptocurrency.
If you’re looking for a crpytocurrency wallet app don’t go to the app store first. Instead go to the official website of the cryptocurrency exchange of your choice. There, they should have a link to their official app where you then can download it. This goes for many banking and financial apps as well. Don’t trust the app stores to provide the official apps when so many knock off apps exist.
Leave a Reply