Crypto Scams & How to be safe!

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Avatar for Amjad_Ali_Waince
1 year ago

14-04-2022

Scams , frauds , looting has long history as human beings has its own living in this world. Time to time it's shapes and plans changed but main target how to berob others. Early ages weapons used to threat and robe the others but now skills used to do so .

Scammers are intelligent , sharp and well aware of human nature so they always play with different tools. Crypto is soft target for these people due to online , no physical presence , business. They use different super techniques which a common person can't believe in .

Screenshot from tweeter.

Recent scam of 100 BCH from BCH Towns project on sBCH platform happend and lot of people loose their money which almost stands in $43500 currently. According to a report around $14 billions worth scams happed in 2021 which is a huge amount.

Crypto Scams.

As I tell you earlier Crypto is soft target for scammers where they sitting at homes and doing frauds by technology and greedy nets. There are lot of kinds of scams happening around like ,

  • Investment

  • Romance

  • Free crypto

  • NFT

  • Social

  • Phishing

  • Extortion

  • High return promise

  • Guaranteed returns

  • Advance fee for give away.

  • Private keys on KYC etc

Here we must know and learn the methodology that how we can avoid from these scams and how we can keep protected our accounts & wallets. Lot of tutorial video , blogs and precautions can be found which helpful to us . Like ,

  • Don't be part of pump and dump project.

  • Don't be part of mad rush to any project.

  • Do your own research about project , if can't then consult with some senior , field expert , analyst etc

  • Don't follow others untill your own satisfaction.

  • Check always site , road map and official legislation of any new project.

  • Don't pay any fee for entry to any airdrops.

  • Learn about smart contract & formulation with hidden coding.

  • Don't get instant inspiration from marketing techniques.

  • Don't believe on social media campaign untill not verified by yourself.

  • Don't accept the advise to invest in any project whom you know only online.

  • Don't fall in greediness to took part in presale , whitespace , pre launch purchase for higher profits.

  • Don't invest through any exchange.

  • Don't keep assets in exchange for long time.

Conclusion.

We can't eliminate the risk of scamming and frauds but proper research , patient behaviour , calm response can reduce it . Secure & zipped transactions , private keys and greasing slippage made it further strengthen.

Stay close to your chest and avoid to fall in race of More. Investment by wise move and consultation also can safe us from regrets.

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Thanks for reading the article and like , upvote , comment for feedback. I will be glad to view your opinions.

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1 year ago

Comments

Oops thread is everywhere. Novice like us in the world of cryptocurrency can be easily heist. Thanks for such information, that's really helpful to put oneself on safe side.

$ 0.03
1 year ago

Thank u for the tips.. But right.. I agree.. Crypto is their target, cs easy to get new people at itπŸ™ƒ

$ 0.03
1 year ago

Newbie has less knowledge so easily they trapped by.

$ 0.00
1 year ago

Yes recently the scam by the BCHTOWN is really much depressing

$ 0.03
1 year ago

Yeah scams are increasing day by day in the crypto-world, especially am experiencing it in SmartBCH projects two time . Am also scammed by BCH town but thanks God I invested just little amount in it

$ 0.03
1 year ago

Cryptoworld is heaven for scammers. We should be very careful!!

$ 0.00
1 year ago

scammers everywhere we should be more careful

$ 0.03
1 year ago

You are right Sir, we shouldn't just invest for the sake of it, but rather, make our research and if possible consult people who have better knowledge than us, in order to avoid falling prey. Thanks for the Advice Sir

$ 0.03
1 year ago

Yes one should not invest just on the opinion from anyone we should do proper research in terms of investment

$ 0.03
1 year ago

This practice will save us from fakness. Thanks Tahaintazar!

$ 0.00
1 year ago

Luckily I didn't become part of this scam. I was thinking to invest but because of being busy with other stuff I forget about it But from now onward I will do research first

$ 0.03
1 year ago

Research will give us all black and white about any project.

$ 0.00
1 year ago