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4 Types of Crypto Scams: How to Avoid It

Crypto scams are more and more common. There are many cases of fraud, phishing, and more. But WWCrypto is here to help you. We will help you to detect and avoid these scams.

Crypto Scams Cryptocurrency scams Common Crypto Scams Fraud Prevention Awareness

Crypto Scams: Fraudulent postings often include screenshots designed to make the giveaways look natural, as well as links to a website accessible to people (even QR codes). Once there, you will be asked to "verify" your cryptocurrency wallet address by sending a payment. Never trust a giveaway that requires you to pay for anything. If you get a message on social media or any messaging app like Twitter asking for cryptocurrency, you should neglect it. A legitimate company will never voluntarily contact you to request payment or login. Some con men will get you declaring that they have discomfiting or criminal data about you and threaten to post it if you don't send them cryptocurrency payments. To make the scam more convincing, they may show you what they have gained through data breaches, such as an old password. It is often all they have, and the man is bluffing to make you yield to their demands. If that happens, it is criminal extortion, and you should take some action.

Some Common Crypto Scams: It does not take much time to realize the risks involved in these transactions when participating in a new digital currency mechanism called cryptocurrencies. And we are not talking about demand volatility. Scams are ubiquitous online, and cryptocurrency exchanges are no exception. When thinking about investing in different start-ups and dealings platforms, be aware of the chance of losing cryptocurrency investments. When you study digital cryptocurrency companies and start-ups, professionals suggest you confirm that they are driven by blockchain, which means they follow detailed transaction data. Also, check that they have a solid business plan to address the real issues. Companies should explain their digital currency liquidity and ICO regulations. The company should have authentic people in it. If the start-up you are investigating lacks some of these features, consider your decision more carefully. The following are different methods to avoid becoming a victim because you've joined the exciting future of cryptocurrencies.

[IMAGE]https://wwcrypto.net/assets/images/uploaded/1641140227.jpg[IMAGE] 1- Fake Websites: You may follow a reliable tip from someone with extensive expertise but still be victimized by an unexpected visit to a fake website. Many websites are set up to resemble original, influential start-ups. Think again if there is no small lock icon near the URL bar showing protection and no "HTTPS" in the site address. Even if the site looks the exact one you think you are visiting, you may demand another payment platform. Still, the attacker created a fake URL with a zero instead of the letter "O." That platform, of course, doesn't take you to cryptocurrency investments you've been studying. We're going to have to double-check.

[IMAGE]/assets/images/uploaded/1641140231.jpg[IMAGE] 2- Fake Mobile Apps: it is another most commonly used crypto scam nowadays. Fraudsters are used to trick cryptocurrency investors by creating fake apps. While stakeholders can often quickly find and remove these bogus applications, this does not mean that they do not affect many boundaries. There is a more significant risk for Apple phone users; every investor should know the possibilities. Are there any obvious spelling mistakes in the script, even the application's name? Does the brand look unreal, with a strange color or incorrect logo? Please note and rethink the downloads.

[IMAGE]/assets/images/uploaded/1641140234.jpg[IMAGE] 3- Different Social Media Updates & Bad Tweets: If you follow celebrities and leaders on social media, you can't be sure that you haven't followed the fake accounts. The same will happen in cryptocurrencies, where malicious and fake robots are rife. Don't believe quotes from Twitter or Facebook, especially if they seem impossible. Fake accounts are ubiquitous. If you are asked on these platforms for even a tiny amount of cryptocurrency, you will probably never get it back. Just because others respond to offers, don't assume they are not robots. You must be extremely careful.

[IMAGE]/assets/images/uploaded/1641140238.jpg[IMAGE] 4- Scamming Emails: You have to be alert before investing in cryptocurrency. Even if it looks exactly like the email you get from a legal cryptocurrency company. Is the message identical in content, logo, and brand? Can you confirm that the email address has a lawful contract with the company? Checking is why it is essential to choose companies with real people. Never click on a link to enter a website in that message. Fraudsters often steal large amounts of money by declaring fake ICOs, or initial coin offerings. Before investing in cryptocurrencies, learn more about protecting yourself and staying safe in this emerging demand.

Also read: Top 10 Crypto Influencers: Must Follow in2022

Bottom Line: Fraudsters continuously look for new ways to use cryptocurrencies to steal your money. A sure sign of the Crypto scam is that anyone says you have to pay in cryptocurrency. Anyone who tells you to pay by wire, gift card, or cryptocurrency is a liar. Of course, there is little way to get the money back if you pay. If you have good knowledge about these Crypto scams, you protect yourself from becoming the victim. Binance Free $100 (Exclusive) : Use this link to register and receive $100 free and 10% off fees on Binance Futures first month.

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Disclaimer: Information found on WWCrypto is those of writers quoted. It does not represent the opinions of WWCrypto on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.