How not to become a victim of cryptocurrency scammers?

23.09.2022 2 min 0
Coins rating - How not to become a victim of cryptocurrency scammers?

How not to become a victim of cryptocurrency scammers? The answer is to be very careful and aware of the different types of scams!

How not to become a victim of cryptocurrency scammers? The answer is to be very careful and aware of the different types of scams! The most common threats in the world of cryptocurrencies when buying or storing them are:

 

  1. Use of pirated content

 

Pirated content may also include malware.

 

To overcome the issue, use only licensed software and antivirus, and don’t forget to update it regularly. At the very least, use the built-in antivirus and update it regularly.

 

  1. Phishing scams

Crypto phishing often targets online wallet data, such as cryptocurrency wallet private keys, which are necessary to access funds within the wallet. Attackers send an email whose recipients are prompted to go to a specially created website and enter their secret key data.

 

How to fight it: don't follow links from emails from unknown senders.

 

  1. Fake celebrity endorsements

To attract the attention of potential victims, cryptohackers sometimes impersonate celebrities, entrepreneurs, and influential figures or claim support from them.

 

How not to become a victim of such scammers: check all projects supported by "celebrities" and read reviews of real people.

 

  1. Free giveaways

In this case, scammers promise to return or multiply the cryptocurrency sent to them in the process of a so-called free giveaway. Mailing lists, often mimicking messages from real social network users, can create a sense of legitimacy for such a giveaway and give users a sense of urgency.

 

What to do with such scammers: just don't believe in such giveaways!

 

  1. Cloud mining scams

Cloud mining companies allow you to rent mining equipment for a fixed fee and a share of the estimated income. Theoretically, this allows you to mine cryptocurrency remotely without having to purchase expensive mining equipment. However, many cloud mining companies are fraudulent or, at best, inefficient. In any case, always check the project you are interested in and invest cryptocurrency only in reliable companies!

 

  1. Scam in Initial Cryptocurrency Offering

Initial Coin Offering (ICO) is a way for startup cryptocurrency companies to raise funds from future users. Typically, customers are promised a discount on new cryptocurrencies in exchange for investments in existing cryptocurrencies such as bitcoin or other popular cryptocurrencies. Some of these ICOs can turn out to be fraudulent: attackers have even rented offices and created high-quality marketing materials to deceive investors.

 

If you want to invest in a startup, carefully study the project's technical documentation and read the roadmap.

 

Always be alert, be vigilant - don't let yourself be deceived!