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If you buy or sell on Forofox, sooner or later you'll use crypto. Here are the basic rules to avoid losing money.
1. Before sending or receiving
2. Types of wallets
3. Golden Rules
4. Payments Between Buyers and Sellers
For transactions of a certain amount, use an escrow service. We have a guide on the forum: “How Escrow Works and How to Use It Step by Step on Forofox.”
Do you have any tips of your own? Share them below to help other members.
1. Before sending or receiving
- Check the network: USDT on TRC20 is not the same as USDT on ERC20 or BEP20. If you send funds via the wrong network, you may lose them.
- Copy and paste the address, then compare it: check the first and last characters. There is malware that changes the address in the clipboard.
- Try this simple test: For large payments, send a small amount first and make sure it arrives.
- Ask for the address in the ad thread or through a verifiable channel— not through messages from strangers.
2. Types of wallets
- Custodial (exchange): convenient, but the company controls your passwords.
- Non-custodial (software): You control the keys, and security is up to you.
- Hardware: the most secure option for storing large amounts.
3. Golden Rules
- Never share your seed phrase with anyone. No legitimate seller, buyer, or support representative will ever ask you for it.
- Save it on paper, offline, and in more than one secure location.
- Enable two-factor authentication (2FA) on your exchanges.
- Be wary of anyone who pressures you to pay or offers you a price that seems too good to be true.
- Blockchain transactions cannot be reversed. If you make a payment in error, there are no refunds.
4. Payments Between Buyers and Sellers
For transactions of a certain amount, use an escrow service. We have a guide on the forum: “How Escrow Works and How to Use It Step by Step on Forofox.”
Do you have any tips of your own? Share them below to help other members.