antivirus software</strong></a> and do not take extra efforts to protect themselves from hacking are frequently <strong>victims of such illegal actions</strong>.</p>\n<h3>Social Engineering Attacks in Crypto World</h3>\n<p>Cybercriminals in the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">crypto realm primarily attack social media accounts of significant figures in the crypto business. They acquire entrance and then utilize the <strong>pre-built confidence of these characters</strong> to abuse individuals in various methods. Furthermore, they attempt to gain access to users' <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">private wallets</strong></a>.</p>\n<p>Excessive ambitions might be risky in financial markets because traders and investors are more exposed to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-phishing/">phishing attacks, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-ponzi-scheme/">Ponzi or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-pyramid-scheme/">pyramid schemes, and other sorts of frauds. Besides, within the blockchain sector, the <strong>enthusiasm generated by cryptocurrencies</strong> draws a large number of newbies in a very short amount of time (especially during <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bull-market/">bull markets</strong></a>).</p>\n<h3>Different Sorts of Social Engineering</h3>\n<p>The main tool of the malicious actors using social engineering is the emotions of individuals. There are several sorts of attacks:</p>\n<ul>\n<li><strong>Baitings</strong> - this is carried out by misleading people with something they desire and then taking it away from them once their guard is down.</li>\n<li>Pretexting - this happens on the internet when someone impersonates another person.</li>\n<li>Phishing and spear-phishing - emails that frequently seem like they came from a real company, such as a major bank chain, a renowned online retailer, or an email service provider.</li>\n<li>Scareware - this typically happens when false alerts are generated in an attempt to fool users into installing counterfeit software that appears legitimate or entering a website that attacks their devices.</li>\n</ul>\n<p>Every one of these assaults is based on establishing confidence and trust, creating a <strong>feeling of urgency</strong>, and then manipulating emotions to trick the user into making an error so that the cybercriminal spearheading the attack could steal the victim's identity.</p>\n<h3>The Strategy of Social Engineering</h3>\n<p>A social engineering attack cycle is a methodical approach <strong>to gaining access to confidential information</strong> from individuals by exploiting their susceptibility. In this case, thieves avoid using<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-brute-force-attack-bfa/"> brute force tactics</strong></a> because it allows them to monitor what users are doing on their computers or phones without being caught by <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-antivirus/">antivirus software</strong></a>.</p>\n<p>For instance, the cycle entails obtaining background information about someone before creating trust using interactions launched either directly or by engagements seeded at different moments throughout<strong> online chats/conversations </strong>or via email attachments. After that, the attacker leverages the user's trust and manipulates them to do the requested action. Eventually, after everything is completed, the attacker disconnects from the user.</p>\n<h3>How to Protect Yourself From Social Engineering?</h3>\n<p>The first thing you can do is <strong>set spam filters</strong> on all email accounts so that, even if attackers get access to them, they can't easily send messages or obtain important information.</p>\n<p>Also, keep in mind that numerous accounts in the cryptocurrency industry have been hacked as a result of using the same password throughout multiple accounts. Therefore, you should always pick different passwords that are hard to guess.</p>\n<p>In addition, make sure to set up a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-two-factor-authentication-2fa/">two-factor authentication (2FA) system</strong></strong></a> and multi-factor authentication if it is available. And finally, make security training a part of the syllabus to teach everyone about these concerns.</p>","level":"hard","meta_title":"What is Social Engineering? Definition & Meaning | Crypto Wiki","meta_description":"Social Engineering meaning: Social Engineering - is a malicious act that uses human behavioral psychology to mislead people into making bad decisions that jeopardize their personal data.","meta_keywords":null,"language":"en","created_at":"2022-03-30T12:20:07.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-social-engineering"},"readingTime":3,"chapterList":[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-blockchain.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/blockchain-101.jpg","rating":100,"sections":[{"slug":"what-is-blockchain","title":"What is the Blockchain?","featured_image_id":6412,"status":"published","chapter_id":1,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-blockchain","featured_image":{"id":6412,"uuid":"152ba579-ce8d-488a-9e06-bcd99e976b7d","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-blockchain-626fbe085a0cd.o.jpg","path":"crypto/storage/media/what-is-blockchain-626fbe085a0cd.o.jpg","original_path":"crypto/storage/media/what-is-blockchain-626fbe085a0cd.jpg","name":"what-is-blockchain-626fbe085a0cd.o.jpg","original_name":"what-is-blockchain.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.86KB"},"youtube_video":null},{"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","featured_image_id":7205,"status":"published","chapter_id":1,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/decentralized-blockchain","featured_image":{"id":7205,"uuid":"c5d6f6a7-4914-4d6b-9fdd-e94dfb0bae82","public_url":"https://assets.bitdegree.org/crypto/storage/media/decentralized-blockchain-featured-image.o.jpg","path":"crypto/storage/media/decentralized-blockchain-featured-image.o.jpg","original_path":"crypto/storage/media/decentralized-blockchain-featured-image.jpg","name":"decentralized-blockchain-featured-image.o.jpg","original_name":"decentralized-blockchain-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"136.00KB"},"youtube_video":null},{"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","featured_image_id":7397,"status":"published","chapter_id":1,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/blockchain-transaction","featured_image":{"id":7397,"uuid":"e60dff45-4c5d-4b44-a2c1-a27e49f700e7","public_url":"https://assets.bitdegree.org/crypto/storage/media/blockchain-transaction-featured-mage.o.jpg","path":"crypto/storage/media/blockchain-transaction-featured-mage.o.jpg","original_path":"crypto/storage/media/blockchain-transaction-featured-mage.jpg","name":"blockchain-transaction-featured-mage.o.jpg","original_name":"blockchain-transaction-featured-mage.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"85.83KB"},"youtube_video":null},{"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","featured_image_id":7442,"status":"published","chapter_id":1,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/crypto-fees","featured_image":{"id":7442,"uuid":"f554012e-7fe1-4636-9718-81abd3499361","public_url":"https://assets.bitdegree.org/crypto/storage/media/crypto-fees-featured-image.o.jpg","path":"crypto/storage/media/crypto-fees-featured-image.o.jpg","original_path":"crypto/storage/media/crypto-fees-featured-image.jpg","name":"crypto-fees-featured-image.o.jpg","original_name":"crypto-fees-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"78.90KB"},"youtube_video":null},{"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","featured_image_id":7662,"status":"published","chapter_id":1,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bridging-in-crypto","featured_image":{"id":7662,"uuid":"67564127-d9df-451e-8767-c28930039dc8","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-crypto-bridging-featured-image.o.jpg","path":"crypto/storage/media/what-is-crypto-bridging-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-crypto-bridging-featured-image.jpg","name":"what-is-crypto-bridging-featured-image.o.jpg","original_name":"what-is-crypto-bridging-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"106.21KB"},"youtube_video":null},{"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","featured_image_id":7272,"status":"published","chapter_id":1,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/types-of-blockchains","featured_image":{"id":7272,"uuid":"6ad01272-67ac-4719-8e88-7f01752a0628","public_url":"https://assets.bitdegree.org/crypto/storage/media/types-of-blockchains-featured-image.o.jpg","path":"crypto/storage/media/types-of-blockchains-featured-image.o.jpg","original_path":"crypto/storage/media/types-of-blockchains-featured-image.jpg","name":"types-of-blockchains-featured-image.o.jpg","original_name":"types-of-blockchains-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"110.34KB"},"youtube_video":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-cryptocurrencies.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/cryptocurrencies-101.jpg","rating":100,"sections":[{"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","featured_image_id":7751,"status":"published","chapter_id":2,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-cryptocurrency","featured_image":{"id":7751,"uuid":"791c4203-70ae-4c68-8a02-bc1769331e86","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-cryptocurrency-featured-image.o.jpg","path":"crypto/storage/media/what-is-cryptocurrency-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-cryptocurrency-featured-image.jpg","name":"what-is-cryptocurrency-featured-image.o.jpg","original_name":"what-is-cryptocurrency-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"90.10KB"},"youtube_video":null},{"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","featured_image_id":7901,"status":"published","chapter_id":2,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-does-cryptocurrency-work","featured_image":{"id":7901,"uuid":"8cbcfe71-8bbf-4b46-88b5-3c093730a696","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-does-cryptocurrency-work-featured-image.o.jpg","path":"crypto/storage/media/how-does-cryptocurrency-work-featured-image.o.jpg","original_path":"crypto/storage/media/how-does-cryptocurrency-work-featured-image.jpg","name":"how-does-cryptocurrency-work-featured-image.o.jpg","original_name":"how-does-cryptocurrency-work-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"131.98KB"},"youtube_video":null},{"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","featured_image_id":7970,"status":"published","chapter_id":2,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/is-cryptocurrency-a-good-investment","featured_image":{"id":7970,"uuid":"97ba4b02-cac2-4a9a-97d9-517f29a0ba30","public_url":"https://assets.bitdegree.org/crypto/storage/media/is-cryptocurrency-a-good-investment-featured-image.o.jpg","path":"crypto/storage/media/is-cryptocurrency-a-good-investment-featured-image.o.jpg","original_path":"crypto/storage/media/is-cryptocurrency-a-good-investment-featured-image.jpg","name":"is-cryptocurrency-a-good-investment-featured-image.o.jpg","original_name":"is-cryptocurrency-a-good-investment-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"98.62KB"},"youtube_video":null},{"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","featured_image_id":6414,"status":"published","chapter_id":2,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/coin-vs-token","featured_image":{"id":6414,"uuid":"c272a929-e278-42e8-9f7c-5425cfa42224","public_url":"https://assets.bitdegree.org/crypto/storage/media/coin-vs-token.o.jpg","path":"crypto/storage/media/coin-vs-token.o.jpg","original_path":"crypto/storage/media/coin-vs-token.jpg","name":"coin-vs-token.o.jpg","original_name":"coin-vs-token.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"97.03KB"},"youtube_video":null},{"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","featured_image_id":8008,"status":"published","chapter_id":2,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-are-stablecoins","featured_image":{"id":8008,"uuid":"e4bf3c31-531e-4f10-87be-0fa1b4c428c4","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-are-stablecoins-featured-image.o.jpg","path":"crypto/storage/media/what-are-stablecoins-featured-image.o.jpg","original_path":"crypto/storage/media/what-are-stablecoins-featured-image.jpg","name":"what-are-stablecoins-featured-image.o.jpg","original_name":"what-are-stablecoins-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"118.95KB"},"youtube_video":null},{"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","featured_image_id":8074,"status":"published","chapter_id":2,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-bitcoin","featured_image":{"id":8074,"uuid":"46e1226b-b72e-4c63-86f3-00b36865dc24","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-bitcoin-featured-image.o.jpg","path":"crypto/storage/media/what-is-a-bitcoin-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-a-bitcoin-featured-image.jpg","name":"what-is-a-bitcoin-featured-image.o.jpg","original_name":"what-is-a-bitcoin-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"117.78KB"},"youtube_video":null},{"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","featured_image_id":8199,"status":"published","chapter_id":2,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-ethereum","featured_image":{"id":8199,"uuid":"eea421af-8373-441f-98a1-a6ff7e5bf580","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-ethereum-featured-image.o.jpg","path":"crypto/storage/media/what-is-ethereum-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-ethereum-featured-image.jpg","name":"what-is-ethereum-featured-image.o.jpg","original_name":"what-is-ethereum-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"65.20KB"},"youtube_video":null},{"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","featured_image_id":6525,"status":"published","chapter_id":2,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-cardano-in-crypto","featured_image":{"id":6525,"uuid":"b567449c-5b31-45c3-a8eb-4640d3b8ff69","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-cardano.o.jpg","path":"crypto/storage/media/what-is-cardano.o.jpg","original_path":"crypto/storage/media/what-is-cardano.jpg","name":"what-is-cardano.o.jpg","original_name":"what-is-cardano.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"91.90KB"},"youtube_video":null},{"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin Killer","featured_image_id":6541,"status":"published","chapter_id":2,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-shiba-inu-coin","featured_image":{"id":6541,"uuid":"c1bbdb54-6c30-4641-afd4-370b9e795091","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-shiba-inu-coin.o.jpg","path":"crypto/storage/media/what-is-shiba-inu-coin.o.jpg","original_path":"crypto/storage/media/what-is-shiba-inu-coin.jpg","name":"what-is-shiba-inu-coin.o.jpg","original_name":"what-is-shiba-inu-coin.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"91.35KB"},"youtube_video":null},{"slug":"what-is-solana-in-crypto","title":"Is Solana an Improved Version of Ethereum?","featured_image_id":6497,"status":"published","chapter_id":2,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-solana-in-crypto","featured_image":{"id":6497,"uuid":"6c7c70ad-e117-4520-b0ce-8ef6b3c184de","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-solana-in-crypto-6270ec2042765.o.jpg","path":"crypto/storage/media/what-is-solana-in-crypto-6270ec2042765.o.jpg","original_path":"crypto/storage/media/what-is-solana-in-crypto-6270ec2042765.jpg","name":"what-is-solana-in-crypto-6270ec2042765.o.jpg","original_name":"what-is-solana-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"96.08KB"},"youtube_video":null},{"slug":"what-is-polkadot-in-crypto","title":"The Bridge Between Blockchains: Polkadot","featured_image_id":6891,"status":"published","chapter_id":2,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-polkadot-in-crypto","featured_image":{"id":6891,"uuid":"8419c664-891c-434f-8de9-c483cd825616","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-polkadot-in-crypto-featured-image.o.jpg","path":"crypto/storage/media/what-is-polkadot-in-crypto-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-polkadot-in-crypto-featured-image.jpg","name":"what-is-polkadot-in-crypto-featured-image.o.jpg","original_name":"what-is-polkadot-in-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"87.09KB"},"youtube_video":null},{"slug":"what-is-polygon-in-crypto","title":"Polygon: the Essential Scaling Solution for Ethereum","featured_image_id":7085,"status":"published","chapter_id":2,"language":"en","order":12,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-polygon-in-crypto","featured_image":{"id":7085,"uuid":"3cdbe13d-9f88-4cc9-98a0-0b8515210f94","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-polygon-in-crypto-featured-image.o.jpg","path":"crypto/storage/media/what-is-polygon-in-crypto-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-polygon-in-crypto-featured-image.jpg","name":"what-is-polygon-in-crypto-featured-image.o.jpg","original_name":"what-is-polygon-in-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"77.90KB"},"youtube_video":null},{"slug":"practical-use-of-cryptocurrencies","title":"The Practical Use of Crypto","featured_image_id":6631,"status":"published","chapter_id":2,"language":"en","order":13,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/practical-use-of-cryptocurrencies","featured_image":{"id":6631,"uuid":"574ad2ea-9601-4c1c-9cf6-1d8221134076","public_url":"https://assets.bitdegree.org/crypto/storage/media/crypto-practical-use.o.jpg","path":"crypto/storage/media/crypto-practical-use.o.jpg","original_path":"crypto/storage/media/crypto-practical-use.jpg","name":"crypto-practical-use.o.jpg","original_name":"crypto-practical-use.jpg","title":null,"alt":null,"width":1280,"height":720,"disk":"spaces","status":"uploaded","readable_file_size":"96.43KB"},"youtube_video":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-exchanges.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-exchanges-101.jpg","rating":80,"sections":[{"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","featured_image_id":8223,"status":"published","chapter_id":3,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-do-cryptocurrency-exchanges-work","featured_image":{"id":8223,"uuid":"fcb588c1-df45-4330-95de-a3aec84c8cdb","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-do-cryptocurrency-exchanges-work-featured-image.o.jpg","path":"crypto/storage/media/how-do-cryptocurrency-exchanges-work-featured-image.o.jpg","original_path":"crypto/storage/media/how-do-cryptocurrency-exchanges-work-featured-image.jpg","name":"how-do-cryptocurrency-exchanges-work-featured-image.o.jpg","original_name":"how-do-cryptocurrency-exchanges-work-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"110.40KB"},"youtube_video":null},{"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","featured_image_id":8448,"status":"published","chapter_id":3,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/dex-vs-cex","featured_image":{"id":8448,"uuid":"7fb54661-e36d-4dd5-bb54-f3e80a869640","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/cex-vs-dex-featured-image.jpg","path":"crypto/storage/optimized/cex-vs-dex-featured-image.jpg","original_path":"crypto/storage/original/cex-vs-dex-featured-image.jpg","name":"cex-vs-dex-featured-image.jpg","original_name":"cex-vs-dex-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"33.99KB"},"youtube_video":null},{"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","featured_image_id":8449,"status":"published","chapter_id":3,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/crypto-day-trading","featured_image":{"id":8449,"uuid":"025c58f1-f0ec-46b9-a58c-3fdec43a4f4c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/crypto-day-trading-featurd-image.jpg","path":"crypto/storage/optimized/crypto-day-trading-featurd-image.jpg","original_path":"crypto/storage/original/crypto-day-trading-featurd-image.jpg","name":"crypto-day-trading-featurd-image.jpg","original_name":"crypto-day-trading-featurd-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"36.23KB"},"youtube_video":null},{"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","featured_image_id":null,"status":"published","chapter_id":3,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/kyc-crypto","featured_image":null,"youtube_video":null},{"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","featured_image_id":8748,"status":"published","chapter_id":3,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-buy-crypto","featured_image":{"id":8748,"uuid":"fe81c05d-c3da-4d7d-a132-bdb04f1fae9b","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-buy-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-buy-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-buy-crypto-featured-image.jpg","name":"how-to-buy-crypto-featured-image.jpg","original_name":"how-to-buy-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"46.15KB"},"youtube_video":null},{"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","featured_image_id":8840,"status":"published","chapter_id":3,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/fiat-to-crypto","featured_image":{"id":8840,"uuid":"6d0b98da-7eb5-4b1e-bfb1-d95f0938f85c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/fiat-to-crypto-featured-image.jpg","path":"crypto/storage/optimized/fiat-to-crypto-featured-image.jpg","original_path":"crypto/storage/original/fiat-to-crypto-featured-image.jpg","name":"fiat-to-crypto-featured-image.jpg","original_name":"fiat-to-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"44.02KB"},"youtube_video":null},{"slug":"how-to-use-crypto","title":"You’ve Got Crypto: What Can You Do With It?","featured_image_id":8932,"status":"published","chapter_id":3,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-use-crypto","featured_image":{"id":8932,"uuid":"2248685e-3fbf-41a8-80f5-39ea5ce54c4c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-use-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-use-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-use-crypto-featured-image.jpg","name":"how-to-use-crypto-featured-image.jpg","original_name":"how-to-use-crypto-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"34.96KB"},"youtube_video":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-wallets.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-wallets-101.jpg","rating":80,"sections":[{"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","featured_image_id":10090,"status":"published","chapter_id":4,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-crypto-wallet","featured_image":{"id":10090,"uuid":"8b3d3575-1a58-449e-8583-34a4b43d1d39","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-a-crypto-wallet-featured-image.jpg","path":"crypto/storage/optimized/what-is-a-crypto-wallet-featured-image.jpg","original_path":"crypto/storage/original/what-is-a-crypto-wallet-featured-image.jpg","name":"what-is-a-crypto-wallet-featured-image.jpg","original_name":"what-is-a-crypto-wallet-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"58.62KB"},"youtube_video":null},{"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","featured_image_id":9000,"status":"published","chapter_id":4,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/hot-wallet-vs-cold-wallet","featured_image":{"id":9000,"uuid":"bf04c205-f96c-41bf-86f7-a2672133734e","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/hot-wallet-vs-cold-wallet-featured-image.jpg","path":"crypto/storage/optimized/hot-wallet-vs-cold-wallet-featured-image.jpg","original_path":"crypto/storage/original/hot-wallet-vs-cold-wallet-featured-image.jpg","name":"hot-wallet-vs-cold-wallet-featured-image.jpg","original_name":"hot-wallet-vs-cold-wallet-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"57.52KB"},"youtube_video":null},{"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","featured_image_id":7608,"status":"published","chapter_id":4,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/non-custodial-wallet","featured_image":{"id":7608,"uuid":"cdbc87df-190b-4a52-92ed-674c981bfbb1","public_url":"https://assets.bitdegree.org/crypto/storage/media/non-custodial-wallet-featured-image.o.jpg","path":"crypto/storage/media/non-custodial-wallet-featured-image.o.jpg","original_path":"crypto/storage/media/non-custodial-wallet-featured-image.jpg","name":"non-custodial-wallet-featured-image.o.jpg","original_name":"non-custodial-wallet-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"119.46KB"},"youtube_video":null},{"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","featured_image_id":6436,"status":"published","chapter_id":4,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-metamask","featured_image":{"id":6436,"uuid":"07afcb69-dec3-477f-8b1c-a78a2f7c8892","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-metamask-626fdf70526cf.o.jpg","path":"crypto/storage/media/what-is-metamask-626fdf70526cf.o.jpg","original_path":"crypto/storage/media/what-is-metamask-626fdf70526cf.jpg","name":"what-is-metamask-626fdf70526cf.o.jpg","original_name":"what-is-metamask.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"87.47KB"},"youtube_video":null},{"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","featured_image_id":9338,"status":"published","chapter_id":4,"language":"en","order":37,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-safe-is-cryptocurrency","featured_image":{"id":9338,"uuid":"f5b1da8e-dee9-43ea-b6d7-f2f057a71090","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-safe-is-cryptocurrency-featured-image.jpg","path":"crypto/storage/optimized/how-safe-is-cryptocurrency-featured-image.jpg","original_path":"crypto/storage/original/how-safe-is-cryptocurrency-featured-image.jpg","name":"how-safe-is-cryptocurrency-featured-image.jpg","original_name":"how-safe-is-cryptocurrency-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"64.98KB"},"youtube_video":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-nfts.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/nfts-101.jpg","rating":100,"sections":[{"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","featured_image_id":6396,"status":"published","chapter_id":5,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-are-nfts","featured_image":{"id":6396,"uuid":"8b724ac3-532b-441e-bf9c-58a6af704a7f","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-are-nfts.o.jpg","path":"crypto/storage/media/what-are-nfts.o.jpg","original_path":"crypto/storage/media/what-are-nfts.jpg","name":"what-are-nfts.o.jpg","original_name":"what-are-nfts.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"101.34KB"},"youtube_video":null},{"slug":"how-to-trade-nfts","title":"NFT Trading: The Ins and Outs","featured_image_id":9454,"status":"published","chapter_id":5,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-trade-nfts","featured_image":{"id":9454,"uuid":"d5997c2e-a079-4b01-8bf5-4d05a21b091e","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-trade-nfts-featured-image.jpg","path":"crypto/storage/optimized/how-to-trade-nfts-featured-image.jpg","original_path":"crypto/storage/original/how-to-trade-nfts-featured-image.jpg","name":"how-to-trade-nfts-featured-image.jpg","original_name":"how-to-trade-nfts-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"39.43KB"},"youtube_video":null},{"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","featured_image_id":9674,"status":"published","chapter_id":5,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/buying-nft","featured_image":{"id":9674,"uuid":"ae025989-e689-4ece-b472-3434080810fb","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-featured-image.jpg","path":"crypto/storage/optimized/buying-nft-featured-image.jpg","original_path":"crypto/storage/original/buying-nft-featured-image.jpg","name":"buying-nft-featured-image.jpg","original_name":"buying-nft-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"48.93KB"},"youtube_video":null},{"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","featured_image_id":9873,"status":"published","chapter_id":5,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-store-nft","featured_image":{"id":9873,"uuid":"23f1f793-d48c-4007-9d1b-9dea00fef356","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-featured-image.jpg","path":"crypto/storage/optimized/how-to-store-nft-featured-image.jpg","original_path":"crypto/storage/original/how-to-store-nft-featured-image.jpg","name":"how-to-store-nft-featured-image.jpg","original_name":"how-to-store-nft-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"44.13KB"},"youtube_video":null},{"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","featured_image_id":10971,"status":"published","chapter_id":5,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-create-an-nft","featured_image":{"id":10971,"uuid":"264558fd-a505-4b94-9844-a73588ead5f2","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-create-an-nft-featured-image.jpg","path":"crypto/storage/optimized/how-to-create-an-nft-featured-image.jpg","original_path":"crypto/storage/original/how-to-create-an-nft-featured-image.jpg","name":"how-to-create-an-nft-featured-image.jpg","original_name":"how-to-create-an-nft-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"50.40KB"},"youtube_video":null},{"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","featured_image_id":6524,"status":"published","chapter_id":5,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-make-passive-money-with-nft","featured_image":{"id":6524,"uuid":"b32da80c-c3a6-4042-8a35-032e843e93c2","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-make-passive-money-with-nfts.o.jpg","path":"crypto/storage/media/how-to-make-passive-money-with-nfts.o.jpg","original_path":"crypto/storage/media/how-to-make-passive-money-with-nfts.jpg","name":"how-to-make-passive-money-with-nfts.o.jpg","original_name":"how-to-make-passive-money-with-nfts.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"109.46KB"},"youtube_video":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-dapps.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/dapps-defi-101.jpg","rating":80,"sections":[{"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","featured_image_id":6482,"status":"published","chapter_id":6,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-defi","featured_image":{"id":6482,"uuid":"fe6a90e2-dd9b-4fde-a73d-4bd54f28333a","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-defi-6270d5ef7b36a.o.jpg","path":"crypto/storage/media/what-is-defi-6270d5ef7b36a.o.jpg","original_path":"crypto/storage/media/what-is-defi-6270d5ef7b36a.jpg","name":"what-is-defi-6270d5ef7b36a.o.jpg","original_name":"what-is-defi.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"100.87KB"},"youtube_video":null},{"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","featured_image_id":null,"status":"published","chapter_id":6,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-defi-2-0","featured_image":null,"youtube_video":null},{"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","featured_image_id":6512,"status":"published","chapter_id":6,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-are-dapps-in-crypto","featured_image":{"id":6512,"uuid":"5b01af79-3366-4b9a-bbc4-a1e6511c23c2","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-are-dapps-in-crypto.o.jpg","path":"crypto/storage/media/what-are-dapps-in-crypto.o.jpg","original_path":"crypto/storage/media/what-are-dapps-in-crypto.jpg","name":"what-are-dapps-in-crypto.o.jpg","original_name":"what-are-dapps-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"143.97KB"},"youtube_video":null},{"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","featured_image_id":11150,"status":"published","chapter_id":6,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/defi-dapps","featured_image":{"id":11150,"uuid":"bead04d0-c7ab-484a-9a26-c279078cdafa","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/defi-dapps-featured-image.jpg","path":"crypto/storage/optimized/defi-dapps-featured-image.jpg","original_path":"crypto/storage/original/defi-dapps-featured-image.jpg","name":"defi-dapps-featured-image.jpg","original_name":"defi-dapps-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.91KB"},"youtube_video":null},{"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","featured_image_id":6395,"status":"published","chapter_id":6,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-web-3-0","featured_image":{"id":6395,"uuid":"1ba8aae1-7977-415b-9e73-f68ad1219405","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-web3.o.jpg","path":"crypto/storage/media/what-is-web3.o.jpg","original_path":"crypto/storage/media/what-is-web3.jpg","name":"what-is-web3.o.jpg","original_name":"what-is-web3.jpg","title":null,"alt":null,"width":768,"height":476,"disk":"spaces","status":"uploaded","readable_file_size":"103.80KB"},"youtube_video":null},{"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","featured_image_id":6413,"status":"published","chapter_id":6,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-are-smart-contracts","featured_image":{"id":6413,"uuid":"ec3a5a7b-d00e-4273-bfcf-60fa52a33851","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-are-smart-contracts.o.jpg","path":"crypto/storage/media/what-are-smart-contracts.o.jpg","original_path":"crypto/storage/media/what-are-smart-contracts.jpg","name":"what-are-smart-contracts.o.jpg","original_name":"what-are-smart-contracts.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"103.94KB"},"youtube_video":null},{"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","featured_image_id":6502,"status":"published","chapter_id":6,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-dao-in-crypto","featured_image":{"id":6502,"uuid":"e58df8a9-b000-4267-91f3-bd0d697c8984","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-dao-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-dao-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-dao-in-crypto.jpg","name":"what-is-a-dao-in-crypto.o.jpg","original_name":"what-is-a-dao-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"79.33KB"},"youtube_video":null},{"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","featured_image_id":6498,"status":"published","chapter_id":6,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-staking-in-crypto","featured_image":{"id":6498,"uuid":"b76303ce-48b0-4c97-812d-cb2589859f47","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-staking.o.jpg","path":"crypto/storage/media/what-is-staking.o.jpg","original_path":"crypto/storage/media/what-is-staking.jpg","name":"what-is-staking.o.jpg","original_name":"what-is-staking.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"258.60KB"},"youtube_video":null},{"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","featured_image_id":6488,"status":"published","chapter_id":6,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-liquidity-pool-in-crypto","featured_image":{"id":6488,"uuid":"2fc1d0cc-8577-43c0-bc7d-f00a6291caea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-liquidity-pool-6270dd6a4c693.o.jpg","path":"crypto/storage/media/what-is-liquidity-pool-6270dd6a4c693.o.jpg","original_path":"crypto/storage/media/what-is-liquidity-pool-6270dd6a4c693.jpg","name":"what-is-liquidity-pool-6270dd6a4c693.o.jpg","original_name":"what-is-liquidity-pool.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"108.86KB"},"youtube_video":null},{"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","featured_image_id":null,"status":"published","chapter_id":6,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-automated-market-maker","featured_image":null,"youtube_video":null},{"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming Techniques","featured_image_id":6528,"status":"published","chapter_id":6,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-yield-farming-in-crypto","featured_image":{"id":6528,"uuid":"bc531000-9b52-4db5-93fc-80d3317a660d","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-yield-farming-in-crypto.o.jpg","path":"crypto/storage/media/what-is-yield-farming-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-yield-farming-in-crypto.jpg","name":"what-is-yield-farming-in-crypto.o.jpg","original_name":"what-is-yield-farming-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"184.57KB"},"youtube_video":null},{"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","featured_image_id":10249,"status":"published","chapter_id":6,"language":"en","order":12,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-oracle-in-crypto","featured_image":{"id":10249,"uuid":"035b2dde-8494-4742-9b7e-4b442aff7955","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-oracle-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-oracle-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-oracle-in-crypto-featured-image.jpg","name":"what-is-an-oracle-in-crypto-featured-image.jpg","original_name":"what-is-an-oracle-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"53.26KB"},"youtube_video":null},{"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","featured_image_id":9901,"status":"published","chapter_id":6,"language":"en","order":13,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/crypto-gambling","featured_image":{"id":9901,"uuid":"60ea4f3a-9576-4004-aa96-619dc96e4319","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/crypto-gambling-featured-image.jpg","path":"crypto/storage/optimized/crypto-gambling-featured-image.jpg","original_path":"crypto/storage/original/crypto-gambling-featured-image.jpg","name":"crypto-gambling-featured-image.jpg","original_name":"crypto-gambling-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"61.02KB"},"youtube_video":null},{"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","featured_image_id":6411,"status":"published","chapter_id":6,"language":"en","order":14,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-the-metaverse","featured_image":{"id":6411,"uuid":"fad79626-bbf1-4fc0-9e99-bde5597c1bc7","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-metaverse.o.jpg","path":"crypto/storage/media/what-is-metaverse.o.jpg","original_path":"crypto/storage/media/what-is-metaverse.jpg","name":"what-is-metaverse.o.jpg","original_name":"what-is-metaverse.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"88.15KB"},"youtube_video":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","featured_image_id":10342,"status":"published","chapter_id":7,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/where-to-trade-crypto","featured_image":{"id":10342,"uuid":"0bd8d78a-9423-48ee-9161-34dc1872b97c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","path":"crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","original_path":"crypto/storage/original/where-to-trade-crypto-featured-image.jpg","name":"where-to-trade-crypto-featured-image.jpg","original_name":"where-to-trade-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"85.96KB"},"youtube_video":null},{"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":715,"original_id":null,"author_id":42,"translator_id":null,"title":"What are Storage Miners?","slug":"what-are-storage-miners","section":"S","keyword":"Storage Miners","status":"published","definition":"crypto miners that rely on providing enough storage for nodes to validate transactions and establish consensus.","content":"<p><strong>Storage miners</strong> are <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-miner/">cryptocurrency miners</strong></a> who provide <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes with enough storage to validate transactions and reach <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-consensus/">consensus. They do that because storage mining enables miners to earn money by simply storing data. To become a node of the blockchain network, a miner must dedicate a particular quantity of its <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-storage-decentralized/">storage space. Storage miners have the option of dedicating either cloud storage or hardware storage. This makes acquiring additional storage power and moving up the node rankings extremely <strong>simple</strong>.</p>\n<p>Filecoin (FIL) is one of the most well-known <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies that rely on storage mining for its operations. In order to choose suitable nodes, the Filecoin blockchain relies on the storage capacity of its miners. These nodes then operate as transaction verifiers and miners for newly added <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block/">blocks to the chain. Validators for nodes are chosen <strong>based on the amount of storage capacity they can provide</strong> to the network. For successful block creation in Filecoin, storage miners win FIL tokens.</p>\n<p>Members of the Filecoin blockchain <strong>use the storage</strong> that miners contribute to the network. That&rsquo;s the reason why the consensus method requires all approved notes to demonstrate that they have the necessary storage capacity and that they always keep an up-to-date copy of the entire system on their servers.</p>\n<p>Though it is not a common thing in the crypto world to entrust the node-selection process to a consensus method based on storage. Well-known blockchains usually rely on <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">Proof-of-Stake (PoS)</strong></strong></a> or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">Proof-of-Work (PoW)</strong></a> consensus methods.</p>\n<p>Even though storage-based consensus mechanisms are rarely used in the blockchain sector, <strong>Filecoin is proof that they actually work</strong>. Besides, the criteria for the type of storage power requested by the network is customizable, which provides great flexibility for storage miners. More established consensus mechanisms do not usually allow such flexibility in node requirements.</p>","level":"medium","meta_title":"What are Storage Miners? Definition & Meaning | Crypto Wiki","meta_description":"Storage Miners meaning: Storage Miners - crypto miners that rely on providing enough storage for nodes to validate transactions and establish consensus.","meta_keywords":null,"language":"en","created_at":"2022-03-30T12:21:26.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-storage-miners"},"prevSection":{"id":713,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Stablecoin?","slug":"what-is-stablecoin","section":"S","keyword":"Stablecoin","status":"published","definition":"a fixed value cryptocurrency that is generally pegged to a fiat currency or an exchange-traded commodity.","content":"<p>Stablecoin is a fixed value cryptocurrency that is pegged to a leading <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat currency</strong></a>, such as the U.S. dollar, or to an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-commodity/">exchange-traded commodity</strong></a>, such as gold. Since these coins are actually stable, they are a great tool to lower the price volatility of the whole cryptocurrency market.&nbsp;</p>\n<p>To provide the same price stability as fiat currencies, <strong>stablecoin currencies are backed by an underlying asset</strong>, usually the one it digitally reflects. For example, Tether (USDT) stablecoin is backed on a 1:1 basis by the U.S. dollar meaning that 1 USDT equals $1.</p>\n<p>The amount of available stablecoins and their value has increased dramatically in recent years. Besides, there is a variety of crypto assets that are pegged to other fiat currencies, such as euros, pounds, etc. There are four main types of stablecoins:</p>\n<ul>\n<li><strong>Non-collateralized stablecoins</strong> that use algorithm mechanism and the <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Seigniorage/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Seigniorage</strong> <strong>Shares system</strong></a> to preserve their peg.</li>\n<li><strong>Commodity-collateralized stablecoins</strong>, like Tether Gold (XAUT).</li>\n<li><strong>Crypto-collateralized</strong> <strong>stablecoins</strong>, like MakerDAO's Dai token.</li>\n<li><strong>Fiat-collateralized stablecoins</strong>, like USDC, USDT, BUSD, etc.</li>\n</ul>\n<p>With stablecoins, the possibilities seem to be unlimited. Some projects, such as Diem (previously known as Libra), even tried to allow stablecoins to be used as a type of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-medium-of-exchange/">exchange medium</strong></a> that is backed by a basket of national currencies.&nbsp;</p>\n<p>While new stablecoin-focused legislations are always believed to be on the way, authorities around the world continue to tolerate them due to their high compliance with financial regulatory criteria. Stablecoins have certainly served as a model for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-central-bank-digital-currency/">central bank digital currencies (CBDC)</strong></a>, both in terms of inspiration and strategy.</p>\n<p>Stablecoins are extremely simple to acquire and can be found on nearly any cryptocurrency market. <strong>In a nutshell, they provide much-needed</strong> <strong>liquidity and a safe haven for crypto investors.</strong> Besides, they are an important part of the whole ecosystem of digital assets.</p>","level":"easy","meta_title":"What is Stablecoin? Definition & Meaning | Crypto Wiki","meta_description":"Stablecoin meaning: Stablecoin - a fixed value cryptocurrency that is generally pegged to a fiat currency or an exchange-traded commodity.","meta_keywords":null,"language":"en","created_at":"2022-03-30T11:34:52.000000Z","updated_at":"2022-09-20T13:31:59.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-stablecoin"},"currentChapter":"S","currentSection":"what-is-social-engineering","chapterTitle":"S","readingLevel":"hard"},"url":"/crypto/learn/crypto-terms/what-is-social-engineering","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter S

What is Social Engineering?

Social Engineering MEANING:
Social Engineering - is a malicious act that uses human behavioral psychology to mislead people into making bad decisions that jeopardize their personal data.
Hard
3 minutes

Let's find out Social Engineering meaning, definition in crypto, what is Social Engineering, and all other detailed facts.

Social engineering is a harmful act that manipulates people's behavior to cause them to make poor judgments that compromise their personal information. In a wider context, any type of manipulation is connected to interactions that happen between people. Nevertheless, it does not always lead to fraudulent or criminal activities.

Despite the fact that there are other different exploiting tactics, social engineering relies on human mistakes, which makes it difficult to detect. Errors committed by genuine users may be far more unexpected than malware-based invasions, which rely primarily on flaws in software and operating systems.

Since human mistakes are unavoidable, social engineering provides thieves a higher chance of evading security precautions.

Social engineers are frequently referred to as "cybercriminals" since they are employed to steal online identities. By engineering, cybercriminals manage to get personal data from users that aren’t aware of internet security aspects and are considered to be the easiest targets.

Besides, these malicious actors tend to psychologically influence their victims by portraying a company executive and gaining entrance to private information. The majority of internet users who do not use antivirus software and do not take extra efforts to protect themselves from hacking are frequently victims of such illegal actions.

Social Engineering Attacks in Crypto World

Cybercriminals in the crypto realm primarily attack social media accounts of significant figures in the crypto business. They acquire entrance and then utilize the pre-built confidence of these characters to abuse individuals in various methods. Furthermore, they attempt to gain access to users' private wallets.

Excessive ambitions might be risky in financial markets because traders and investors are more exposed to phishing attacks, Ponzi or pyramid schemes, and other sorts of frauds. Besides, within the blockchain sector, the enthusiasm generated by cryptocurrencies draws a large number of newbies in a very short amount of time (especially during bull markets).

Different Sorts of Social Engineering

The main tool of the malicious actors using social engineering is the emotions of individuals. There are several sorts of attacks:

  • Baitings - this is carried out by misleading people with something they desire and then taking it away from them once their guard is down.
  • Pretexting - this happens on the internet when someone impersonates another person.
  • Phishing and spear-phishing - emails that frequently seem like they came from a real company, such as a major bank chain, a renowned online retailer, or an email service provider.
  • Scareware - this typically happens when false alerts are generated in an attempt to fool users into installing counterfeit software that appears legitimate or entering a website that attacks their devices.

Every one of these assaults is based on establishing confidence and trust, creating a feeling of urgency, and then manipulating emotions to trick the user into making an error so that the cybercriminal spearheading the attack could steal the victim's identity.

The Strategy of Social Engineering

A social engineering attack cycle is a methodical approach to gaining access to confidential information from individuals by exploiting their susceptibility. In this case, thieves avoid using brute force tactics because it allows them to monitor what users are doing on their computers or phones without being caught by antivirus software.

For instance, the cycle entails obtaining background information about someone before creating trust using interactions launched either directly or by engagements seeded at different moments throughout online chats/conversations or via email attachments. After that, the attacker leverages the user's trust and manipulates them to do the requested action. Eventually, after everything is completed, the attacker disconnects from the user.

How to Protect Yourself From Social Engineering?

The first thing you can do is set spam filters on all email accounts so that, even if attackers get access to them, they can't easily send messages or obtain important information.

Also, keep in mind that numerous accounts in the cryptocurrency industry have been hacked as a result of using the same password throughout multiple accounts. Therefore, you should always pick different passwords that are hard to guess.

In addition, make sure to set up a two-factor authentication (2FA) system and multi-factor authentication if it is available. And finally, make security training a part of the syllabus to teach everyone about these concerns.