In the world of crypto, your security is your responsibility. As digital assets grow in popularity, so do online scams and hacking attempts. Whether you’re new to crypto or an experienced trader, here are some essential safety tips to help you stay secure while trading in Malaysia.
Secure Your Account
Always turn on Two-Factor Authentication (2FA) to add an extra layer of protection and to prevent unauthorized access—even if someone gets your password. In addition, avoid using common or reused passwords. Create a strong password using a mix of uppercase, lowercase, numbers, and symbols—and never share it with anyone. Consider using a trusted password manager to keep your credentials safe.
Never Share Your Password
No verified platform will ever ask for your personal info or password, whether via email, call, or message. If someone does, it’s a red flag—it’s a scam. Stay alert and don’t fall for social engineering tricks.
Beware of Scams
Be cautious of promotions that sound too good to be true. Scammers often impersonate legitimate exchanges using fake URLs and social media accounts. Always verify the source before clicking any links or entering your details. Furthermore, Promises of guaranteed high returns with little or no risk are classic signs of Ponzi schemes. If someone urges you to “invest now” and recruit others for profit, it’s likely a scam. Always do your own research and avoid offers without proper licensing or transparency.
Trade on Licensed & Trusted Platforms
When choosing where to trade, it’s important to prioritise safety and legitimacy. Always go for platforms that are regulated by the Securities Commission Malaysia (SC), such as Tokenize Malaysia. Being a licensed Digital Asset Exchange means the platform complies with strict regulatory standards, including robust cybersecurity measures, strong anti-money laundering practices, and customer protection policies. By trading on a regulated exchange, you can have peace of mind knowing that your funds are handled transparently, your data is protected, and your rights as an investor are safeguarded under Malaysian law.