With the birth of the Blockchain Technology comes Bitcoin and with Bitcoin joining thousands of cryptocurrencies and tokens popping up almost every month. In comparison with the birth of the Internet in the 90's, the blockchain is equally revolutionary. The only difference is blockchain and cryptocurrencies are like speeding rockets in terms of development aspect. The real reason why is that happening is because Blockchain was invented with the help of the Internet or the so-called electronic age. But together with these developments come the fraudsters and scammers who are looking for easy money taking advantage to the uninformed or uneducated people in the Web.
There are numerous ways to spot cryptocurrency fraudsters. Here is an overview to help you gauge if the person or an offer your are engaging with is legit or not.
1. Fake Initial Coin Offering
2. Fishing Website
3. Fake Service Supports
4. Fake Cloud Mining Site
5. Pump and Dump Coins
6. Fake Trading Platform
7. MLM, Pyramiding, Ponzi Schemes
The first thing you should do is DYOR or research the background of a particular coin your are engaging with. Read and evaluate feedbacks from people who have interacted with them. I recommend trustpilot.com for finding positive and negative feedbacks for a specific service found in the Internet.
To be able to help and warn you in advance, I enumerated below the websites which are cryptocurrency scammers whether ICO's, Mining, Trading, or DeFi. Please bear in mind these are the most popular of them all, and I'm sure there are plenty more that are not busted yet.
24hourbitcoindoubler - Trading
24option.com - Trading
24optionsforextrade.com - Trading
28Crypto 28crypto.com - Trading
365-fx.com - Trading
365markets 365markets.com - Trading
aircraft.travel – ICO
aizeus.net – ICO
adacardano.us -ICO
AdamDickFX - ICO
Adrenaline Coin (ADN) - ICO
Artcoin Artcoin.io - ICO
arumtrade Site: Arumtrade.com - ICO
alfacoin.io – ICO
bitblender.me – Phishing
Bitcentglobal.com - Phishing
bitclubnetwork.com - Phishing
deltamarket.net - Trading
deribit.com - Trading
dexma.info - Trading
DFC.live - Trading
dibbs.co - Trading
bitblendr.io – Phishing
Bitfuryfinancials.com - Bitcoin
Bitgamecash.io - Bitcoin
Bitfiy.pro - Bitcoin
Bitdouble.casino – ICO
bitgamecash.io – Phishing
changenow.io – Exchanger
cointroops.com – ICO
crowdif.com – Ponzi ICO
CatEx - Trading
Cashbitex.com - Trading
cashfxgroup.com - Trading
cashfxtrade.com - Trading
cathiesark.com - Trading
Cryptoway.io - Trading
Cryptowild.com - Trading
dojitoken.io – ICO
doublediamoncoinico.lantcing.com – ICO
dunemining.pro – Phishing
easytradingplatform.com – ICO
elitetreum.com – ICO
Elrun.org – ICO
dcleaders.com - ICO
Gec-coin.io – ICO
genisyscoin.org – ICO
getbitmoney.us – ICO
hkk.io – ICO
Hoverex.io – ICO
ico.inspem.com - ICO
koilop.com – ICO
laxarcoin.com – ICO
less-chain.com – ICO
modorr.io – ICO
MoonMarket.io – ICO
officium.cc – ICO
plasmium.io – ICO
powerburstico.com – ICO
pornx-official.com – ICO
posya.io – ICO
powerburstico.com – ICO
sliclide.pw – ICO
Smartweb.network – Phishing
SOCIBIT.com – ICO
tradeview247forex.com - Trading
tradewincryptofx.com - Trading
tradexbitcoinfx.com - Trading
tkeycoin.com – ICO
vertix.tech - Phishing
vibexchain – ICO
xbtelite.com - Exchange
xcoinbroker.com - Exchange
xion.cash - Exchange
zfx.com - Exchange
zuerchercapital.com - Exchange
zuesoption.com - Exchange
zantepay.com – ICO
The websites similar to the above goes on and on popping up every month, and thousands of cryptocurrency-curious individual have been victimized.
More advice, do not entertain email addresses that are randomly posted on Youtube comments section these are mostly scammers. Also, joining in groups who are requiring fees for trading signals are mostly fraudsters.
If it sounds Too Good To Be True, then beware of it or you will lose your money!
"There are so many scams on the Internet nowadays. Send me $40 and I will tell you how to avoid them."