The Most Common Cryptocurrency Scams!

When you start getting involved with the digital surveillance mechanism that is new to the entire cryptocurrency world, it won’t be long before you realize that it is not free from risks and cryptocurrency scams.

When you transact, you expose yourself to the digital world and this is where you are most vulnerable to the risk of having your money stolen.

We’re certainly not talking about cryptocurrency market volatility, but other factors are. When it comes to crypto scams, they are available all over the internet and cryptocurrencies are not free from them.

Therefore, it is important to note that while investing in various cryptocurrency startups and exchange platforms, you should also be aware of the possibilities of losing your crypto investments.

If you are looking for a digital cryptocurrency company or other startups, most experts recommend that you check if they are blocked in power. This means that the company should collect all transaction data itself.

You need to check whether the company has a solid plan to solve some real-time life problems for people. The company should also set the digital liquidity and rules for the ICO. It is also necessary to check whether a natural person is hiding behind the name. If no employees are included and available for your conversations, you know the company is fake and this is just a scam.

If the start-up you are examining does not have any of the above characteristics, you need to think carefully about your decision.

There are many cryptocurrency scams that every crypto investor may have come across at some point in their life. Knowing them will make it easier for you to avoid them on your cryptocurrency journey.

If you want to join a bright future line in the cryptocurrency space, make sure you know the cryptocurrency scams fully to protect yourself from them.

scammer websites

It is possible that you follow strict rules and regulations to avoid being scammed with your crypto coins, but still accidentally fall victim to a fake website. There is no reason to be surprised if you visit the wrong website while visiting the ones you want to invest in.

Some of the fake websites have the exact resemblance to the real ones and these are more capable of scamming you with your Crypto coins. If there is no lock icon on the left side of your URL bar, you need to think before you visit the site. If the URL you’re visiting doesn’t have HTTPS in front of it, it might not be a legitimate website.

Whenever you visit such a scam website, it always seems to be the right one. Sometimes, however, the scammers also create identical visiting addresses. Read the address carefully before clicking the Go button on your web browser. You could add a number or replace the zero with an O, which may be a problem for you. Visit the Bitcoin Code platform for more information

Fake Apps

Another basic trick used by scammers nowadays is to develop fake website on Google Play and App Store. Most of the time, the user will recognize the fake website and have it removed from the platform, but that doesn’t mean everyone can do it.

Thousands of people are being scammed by the fake cryptocurrency applications available on global platforms and hence you must be very aware of it. These are the tricks aimed at more Android users, but as an investor, you should always be aware. It may be a typo in the application name and sometimes the color and integration of Mumbai looks a bit different.

Bad tweets

Nowadays it is common to follow your favorite celebrities and business icons on social media platforms. So there is a zero percent chance of not following a scammer account. Yes, these scammer accounts are also available on social media platforms, which is true for cryptocurrencies.

Rampant boards posing can lure you into fake things and steal your cryptocurrencies in seconds. Therefore, it’s important to make sure you don’t fall for an offer that delivers impossible results. Fake accounts are everywhere. If the social media platform asks you to give away a percentage of your cryptocurrency, don’t fall for it.

Fraudulent emails

Sometimes cryptocurrency investors are also scammed by fake emails. Therefore, if you receive an email encouraging you to invest in a cryptocurrency company, check the email. You need to verify that essential features are identical branding and logo. Also, don’t forget to verify that the email address is exactly the same and legitimate as the one provided by the company on their website.

Cryptocurrency scam article and permission to publish here provided by Jean Nichols. Originally written for Supply Chain Game Changer and published on January 28th, 2022.

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