scams and how to avoid them

 Common cryptocurrency scams and how to avoid them





































































Scammers are always looking for new ways to steal your money, and the massive growth of cryptocurrency in recent years has created plenty of opportunities for fraud. Cryptocurrency crime had a record-breaking year in 2021 –


























 according to a report by blockchain data firm Chainalysis, fraudsters stole $14 billion of crypto that year. If you’re interested in crypto, it’s important to be aware of the risks. Read on to find out more about common crypto scams, how to spot them, and how to avoid them.

Comments

Post a Comment

Popular posts from this blog

How To Make Money On Coinbase?

Image
Coinbase    There has been quite a lot of talk in the crypto world around Coinbase Earn, such as, how to make money on Coinbase, how to earn money on Coinbase, and how legitimate of a source is it to make money on in the first place? If you have been active in crypto, you have most likely heard about this too. So, to help you out with the answers, we have curated this one-stop blog that has everything you need to know about making money on Coinbase Earn and more! Cryptocurrency has been a part of the world for quite a few years now but it is only recently that this form of currency has started being noticed by the masses. Even long-term non-believers like the business tycoon Kevin O' Leary from Shark Tank has converted to becoming hardcore crypto-believer. Though crypto may only be accepted as a legit mode of transactions in a few chosen parts of the world at present, crypto investors are in all corners, even where crypto has not yet legally been accepted as a form of currency. It
Read more

Cryptocurrency fraud

 Cryptocurrency fraud and cryptocurrency scams Unfortunately, cryptocurrency crime is on the rise.  Cryptocurrency scams include: Fake websites: Bogus sites which feature fake testimonials and crypto jargon promising massive, guaranteed returns, provided you keep investing. Virtual Ponzi schemes: Cryptocurrency criminals promote non-existent opportunities to invest in digital currencies and create the illusion of huge returns by paying off old investors with new investors’ money. One scam operation, BitClub Network, raised more than $700 million before its perpetrators were indicted in December 2019. "Celebrity" endorsements: Scammers pose online as billionaires or well-known names who promise to multiply your investment in a virtual currency but instead steal what you send. They may also use messaging apps or chat rooms to start rumours that a famous businessperson is backing a specific cryptocurrency. Once they have encouraged investors to buy and driven up the price,
Read more