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Writer's pictureAdam Cazes

Avoiding Scams in Cardano: And how we prevent them?

Updated: Nov 23


As the Cardano ecosystem continues to grow, so do the risks associated with scams and fraudulent activities. As a Gerowallet user, staying informed and taking proactive steps to protect your assets is essential. 


Secure Your Seed Phrase

Your seed phrase is your lifeline to your Cardano assets. Treat it like your most valuable possession. Never share it with anyone, and avoid storing it online. 


Verify Official Announcements

When participating in token sales, mints, or other critical events, rely on official channels. Join the GeroWallet community channels and stay informed through trusted sources. 


Be Skeptical of Free Offers

Scammers often promise airdrops, giveaways, or easy gains. If it sounds too good to be true, it probably is. Always verify the legitimacy of any offer before participating.


Double-Check URLs and Links

Before clicking any link, verify the website’s URL. Look for subtle misspellings or variations that could lead to a fake site. If in doubt, manually type the URL into your browser.


With GeroWallet, You also get Cardano Shield

Cardano Shield, an open-source security solution designed for Cardano Wallets, provides real-time protection against scams and phishing attempts. It integrates seamlessly with GeroWallet, ensuring that you’re alerted to potential threats. Stay updated on its features and use it to enhance your security.

Cardano Shield logo

Stay informed about common scam tactics, recognize red flags, and share this knowledge with fellow GeroWallet users and the Cardano community. 

The more informed the community is, the safer we all become. 


If you encounter anything suspicious—a suspicious transaction, a phishing attempt, or an impersonation—report it promptly. Contact the Cardano community, GeroWallet support, or relevant authorities. 

By following these guidelines, you’ll minimize the risks and enjoy a safer Cardano experience.


If you are not currently a GeroWallet user, we encourage you to join us. Experience enhanced security, prevent scams, and stay safe with our trusted wallet services.


Download Gero Dashboard below and join our communities to stay up-to-date with all the latest developments.

Link to download Gero Dashboard a Cardano desktop wallet via Chrome store




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