Crypto Scams & How to be safe!
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 .
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.
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 ,
High return promise
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.
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.
Thanks for reading the article and like , upvote , comment for feedback. I will be glad to view your opinions.
My sweet sponsor,s box which inlighted my homepage always. Thanks your presence here .
Follow me here ,
Lead image: Pixabay ( modified)