⚠️ The world of cryptocurrencies offers great opportunities, but it is also full of scams. If you're not careful, you could lose all your money in seconds. Here we explain the 3 most common scams and how to avoid them:
1️⃣ Pump-and-Dump📈📉
This is one of the oldest tactics in the financial market. A group of people organizes to artificially inflate the price of a cryptocurrency (usually low-cap) with false promises of huge profits. When the price rises, the organizers sell their tokens, causing a drastic drop and leaving investors who bought late trapped. Advice: Do not trust recommendations of "coins that are going to explode" on social media or private groups. Always research before investing.
2️⃣ Fake bots and investment schemes 🤖
If you see ads or messages promising to double your investment in a few days with a "trading bot" or a "secret platform," run away! 🚨 These scams usually ask you to send money to a specific address, assuring you that you will receive automatic profits. The reality is that they disappear with your money. Advice: If an offer sounds too good to be true, it probably is.
3️⃣ Phishing and fake pages 🔑💀
Scammers create identical websites to popular exchanges like Binance or Coinbase. If you enter your credentials on one of these fake pages, you will lose access to your account and your funds. Advice: Always verify that the URL is correct and enable two-factor authentication (2FA) before logging in.
🔐 Tips to protect yourself:
✅ Use secure wallets and trusted exchanges.
✅ Never share your private keys or recovery phrases.
✅ Do not trust offers of "easy money" or recommendations from strangers.
✅ Research before investing in any project.
💬 Have you been a victim of any scam? Share your experience to help others avoid falling into the trap. 🚀