Shaf
Verified member
There is money in crypto and wherever the money is, the scammers will converge.
It's usually the big scams that are talked about, but there are small ones that target you and me with our small accounts.
Bitcoin investment schemes are still popular and it's newbies that typically fall for this. You will be told to send a certain amount of Bitcoin which will be invested or doubled and returned to you. Some may even ask for your personal details, which you should never give.
Another one that's coming up in this bear market is fake mining ponzi schemes. You will be told to purchase a machine to use and mine a coin, like tron. The key identifying feature that it's a scam is that you need referrals to earn more, bit they only serve as bait till the scammers get enough money.
Be wary too about clicking links that promise something free, or a new exchange or app. There is nothing free, especially when it comes to money. People have lost fortunes to this type of activities.
Scammers also seem fond of dust attacks now. They send small amounts of a coin to you, mimicking an address you use. The hope is that you transfer your money by copying that address mistakenly when sending funds.
It's usually the big scams that are talked about, but there are small ones that target you and me with our small accounts.
Bitcoin investment schemes are still popular and it's newbies that typically fall for this. You will be told to send a certain amount of Bitcoin which will be invested or doubled and returned to you. Some may even ask for your personal details, which you should never give.
Another one that's coming up in this bear market is fake mining ponzi schemes. You will be told to purchase a machine to use and mine a coin, like tron. The key identifying feature that it's a scam is that you need referrals to earn more, bit they only serve as bait till the scammers get enough money.
Be wary too about clicking links that promise something free, or a new exchange or app. There is nothing free, especially when it comes to money. People have lost fortunes to this type of activities.
Scammers also seem fond of dust attacks now. They send small amounts of a coin to you, mimicking an address you use. The hope is that you transfer your money by copying that address mistakenly when sending funds.
