With the UltimateFan NFT release just around the corner, there are plenty of you wanting to learn more about the cryptographic assets.
After you’ve nailed the process of how to buy a UF NFT, the next step is avoiding potential scams – very important when entering the crypto world!
Keeping Your UF Coach Safe
It is important to stay vigilant on potential scams, as they could well be out to steal your cryptocurrency or valuable UF Coach. Make sure to only click links that are verified and official. If the link does not look right, do not click it.
The UF Team will never:
- Ask you for your personal details or password.
- DM you on socials regarding giveaways.
- Do a stealth mint.
Remember, if something seems too good to be true, it usually is!
If you have any concerns in relation to potential scams or official UF links, don’t hesitate to get in touch by emailing firstname.lastname@example.org.
Protecting Your Wallet
A Crypto Wallet is integral for minting, buying, selling and viewing your UF Coaches, as well as your other collectables.
When setting up your wallet, be sure to set a strong password. This password can give anyone with your browser access to your wallet and the ability to spend any cryptocurrency or send your NFTs to another wallet.
It is also hugely important to protect your secret recovery phrase. This is your backup so you can get into your wallet if you don’t have access to your password or your browser.
You will be given twelve words in a particular order. Make sure to write these down on a piece of paper and keep them safe. Don’t send them to yourself via e-mail or web message or store them on your computer. If someone manages to find your secret recovery phrase, they will be able to gain access to your NFTs as well as your cryptocurrencies.
What risks come with NFTs?
The UltimateFan NFTs are cryptoassets. When you purchase a cryptoasset, your capital is at risk.
The risks attached with cryptoassets include:
- Price volatility
- Loss of capitals (the value of your purchased cryptoassets could drop down to zero)
- Lack of regulation
- Lack of protection
Currently, Low6 does not operate in a regulated industry. Therefore, please be aware that when you buy cryptoassets, you are not protected under financial compensation schemes and protections afforded by the Financial Ombudsman Service and the Financial Services Compensation Scheme.