How to detect a crypto Scam.

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Avatar for alberdioni8406
4 years ago

Well, unfortunately there's no formula do detect a crypto scam or a dubious business, this "gentleman" behind many of this schemes improve day by day and their techniques are quite good, but there are things that this crypto scam have all in common and below I will try to elucidate some, but before I do that I have to tell you to never believe in "get quick rich schemes" and always stay alert.

So below I will list some techniques to detect a scam:

  • Promise of High returns with low risk investments.

One flag thing that all ponzi schemes have is a promise in high returns of your invested money with low risks from your money putted in, the tactic here is to invite more unnoticed investors to put money working from them without need to worry in losing their assets which in the end happen for sure.

  • Consistency in your returns of investments, most sound so good!

Scam business are known for luring investors to believe that their deal is so nice that anyone couldn't resist and join them, with that anyone taking part on it will them affiliate more users to scheme continues. The business owners (scammers) will do everything to make it sounds legit, interact with users consistently promising bonuses occasionally with only the purpose to make it credible and sound to good to be true, which practical is!

  • Network composed by resellers (most unlicensed and unregistered).

Dubious business use this tactic the most and also this is the easiest way to detect a scam, majority of dubious business have a bunch of resellers, which are most unregistered and unlicensed, to sell their plan to the masses, and they spread their fake business on social network, meet ups, physical meetings and this guys spend a lot to make it look credibly, all this with focus to gather more victims to their fake business.

  • Most of scams or Crypto ponzi are involved in secrecy.

This business are always in secret mode, their headquarters, their offices are always moving to run from law enforcement and with those moves make investors to fail in find their actual offices (if they have).

  • To receive payments you need to fulfill some conditions.

I believe this method is one that can flag the most this business, after users invest their hard earned money and time recruiting friends and enemies, the payments always comes with conditions, yes conditions, that user need to fill in order to get paid. This is just the beginning of the novel, as you will notice that you are involved in a Scam when your funds have been frozen with no way to withdraw them and in many cases you are blocked by the site system and your account gone (in case of a Crypto investment ponzi scheme, with a dedicated website), and now all you have to do is crying, your funds are gone!

As a said isn't easy to detect a scam but few things that must be used to flag can be seen above, check them and please stay away from Crypto scams or ponzi schemes.

Take care, and download Brave Browser to earn more BAT tokens watching non intrusive ads and be protected online, subscribe for more updates or in tips.

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4 years ago

Comments

Thanks for information, i always encounter like this,the best to do is never trust anyone again if we dont know the background,,

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3 years ago

Good helpful information, thank you, please support me

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4 years ago

Really good article it show your hard work and love for this plateform. in fact you are a good writer every one must follow you.

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4 years ago

Good information Thanks

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4 years ago

Very helpful information dear. Thanks for your kind information. It will help us to be secured from all Kinds of scam.

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4 years ago

I am glad that I helped you detect some scams online and protect your money🙌

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4 years ago

Good article plz support me dear

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4 years ago

What a wonderful article keep it up and provide more thanks:)

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User's avatar Ki
4 years ago

Thanks for your comment I really appreciate it🙌

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4 years ago

That would be so nice

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4 years ago

If we learn to detect them of course will be very nice, just need our engagement to learn their tricks 👌

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4 years ago

Yes this is really true the ideas and noticeable structure of strategies of the platform investments sites or apps

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4 years ago

So we need to be very careful and spot them when t survive online, they may differ somehow from one to another but they are essential the same in composition if we can detect them will never end up on their strategies.

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4 years ago

Yes that would be great my friend its really truest my dear

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4 years ago

Yes and learn to detect them we could close doors to their scam behaviour and save our money for being stolen.

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4 years ago

Yup my friend that's really true

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4 years ago

Take care and have a marvelous weekend👌

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4 years ago

Thanks my friend same here to you also

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4 years ago

Thanks and I appreciate it!

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4 years ago

Its my pleasure my friend i hope you visit my articles too soon

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4 years ago

I will spare some time to check them out 👌

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4 years ago

Ok my friend thanks for that

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4 years ago

My pleasure 👌

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4 years ago

Ok my friend thanks also

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4 years ago

All of this ponzi scheme havedoneore harm than good..I really love the fact that you said is always on secret mode I mean their location

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4 years ago

Of course they do really harm and if no one get prepared online will lose money.

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4 years ago

It is really sad. Most of these scams are ponzi, promising high returns but most of the people joining late are the ones who looses money and that’s the sad reality.

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4 years ago

People must learn few tricks to stay protected online and don't be victims.

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4 years ago

Yes we should be educated well and properly

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4 years ago

Very educated or we face getting robbed.

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4 years ago

True dear

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4 years ago

It's not actually easy to detect it thank you for informative post

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4 years ago

Yes isn't but if you know how they act anyone can be protected online and don't have money Stolen by the this criminals, thank you for passing by.

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4 years ago

I absolutely agree! due to promising returns and by being too excited to try my first investment, sadly, my 19$ just vanished in a day. Though it is a small amount but the feeling of being scammed is irritating. Hope the scammers would also be scammed! Anyways, I have learned my lesson from this experience and to keep in mind not to be enticed with the aforementioned "get quick rich schemes" anymore :) thank you so much for sharing these helpful article

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4 years ago

Yes they can be very persuasive and lure people with their schemes but knowing how they act is a good advantage to protect your wealthy online, thank you for passing by.

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4 years ago

Scammers are now the internet thugs, we just have to be careful and not fall into their hands, some even have fake registration mostly from the UK

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4 years ago

Yep this guys can be very persuasive and we need to be very careful when deal with them, always take care on web🙌

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4 years ago

Thanks for sharing this information. This article is a big help for me as new one. Beware of scammers..

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4 years ago

Exactly stay away from those guys, they just looking for victims.

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4 years ago

Yes but sometimes i can't recognize them because they are good to be true really..

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4 years ago

Yes they have some good techniques that can trick even the professionals on the industry so its pertinent go learn more about scammers acts and flag them before they steal your money.

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4 years ago

This post is must read for those who are new to crypto currency investment and trading. The points raised here are the typical features of most of the crypto scams I have encountered, be they telegram bots or websites.

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User's avatar M3i
4 years ago

Definitely people should learn this tricks made by most of the scam available on the crypto space.

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4 years ago

Good list of things to avoid. Sadly crypto gave ample room for such scammer as we hear a lot of success stories in crypto. Its a big incentive to say I want to be part of it too and let our guard down.

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4 years ago

Yes this guys are so smart that nowadays is hard to detect them but with few lessons and guidance will be good to avoid getting scammed online!

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4 years ago

I really hope so because it is giving crypto a bad reputation. It even worse when you see huge crypto project do things like exit scams. We need to make people more aware. But still the best recommendation is to never invest more than we are ready to lose.

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4 years ago

Exactly people should only invest what they are willing to lose, not amounts that can't really handle.

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4 years ago

Hi..plz... Subscribe me Back

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User's avatar amr
4 years ago

Well said but I also experienced those fake scam🙂 It's kinda joke to me now.
“They say money doesn’t grow from the ground, well it does with crypto currencies [sic] because at Coindesk Miners we have assembled a group of world-class engineering, strategic cryptocurrency mining and investment logic growing investments and making profits for both parties,” the website says. The promise is simple: You submit a little cryptocurrency, as little as $5, and you’ll get instant returns. And it implies a nonexistent connection to CoinDesk, the world’s premiere crypto news site. Get instant returns (your results may vary) And, sadly, not everyone can tell. In the past few months, CoinDesk has received multiple messages from users – including some retirees – who have dumped thousands of dollars worth of crypto into these sites. Further, Reddit is full of examples of savvy users being duped by get-rich-quick schemes. The site we’re exploring today, Coindeskminers.com – we aren’t linking to it but we want you to be aware of the name – is just one of many we’ve seen over the years.

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User's avatar Din
4 years ago

This guys are very sophisticated and know how to steal from people but it's crucial to learn they tricks to stay protected online, a little mistake and their will grab your money!

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4 years ago

Absolutely right we need to use our senses too about this thing

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4 years ago

Knowledge is everything, detect this schemes is most important even if they change their MO you can still detect them.

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4 years ago

I agree with you. 👍 This is really helpful.

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4 years ago

Thanks for that and I hope you use them to avoid being tricked.

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4 years ago

Nice.. Thous things are really good.... Love to do some work... And earn money...😍😍🥰

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4 years ago

This is a good article to read. Alot of scam sites running up until now, this article is for the awareness of everyone.

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4 years ago

Yes I believe anyone should read this and learn from it, scammers are every where and learn how they act is crucial.

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4 years ago

They have to be reported and ban account forever..

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4 years ago

Well if that is possible yes why not those guys are hurting all ecosystem and stealing people's money.

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4 years ago

Most of the scammer are the best IT in the world. Or they are one those admin

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4 years ago

Yes they have skills and are the best in the world but they aren't all hat good to deceive when you learn to be protected online.

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4 years ago

Hi.. Kindly visit also @bch.games. thank you

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4 years ago

Oh okay I will 🙌

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4 years ago

I don't understand

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4 years ago

What you don't understand?

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4 years ago

Well i abused sometimes there schemes haha like on the 1st day of there running they usually pay it so the others think its legit that time will be use to abused them like after ypu get paid on the first day dont refer and incest anymore so they will lost first haha

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4 years ago

Well that is a hell of strategy and I believe somehow works but those guys are so sophisticated that many times its hard to detect them with their "stratagems"😀

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4 years ago

Well they keep doing the same thing thy just only changing name

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4 years ago