Recently, there have been more and more scammers, making it hard to guard against them. Here’s a simple整理 of personal experiences, all lessons learned along the way.🤣
1 High Return Scams
- Common phrases used by scammers: "Guaranteed profit" "Monthly return of 50%" "Let you earn passively"
- Truth: There are no guaranteed profit projects in the cryptocurrency world; high returns come with high risks, and it could even be a Ponzi scheme.
2 Pig Butchering (Romance Investment Scam)
- Scammers disguise themselves as "big shots in the crypto world" or "trusted online friends," first building a relationship before luring you to invest in fake platforms.
- Typical case: An online friend leads you to a "high-yield project," only to find out the website disappeared when you try to withdraw.
3 Fake Exchanges/Wallets
- They forge official websites or apps of well-known exchanges, tricking you into entering your account and password to steal your assets.
- Anti-fraud tip: Always download apps from official channels, and do not click on unfamiliar links!
4 False ICOs/Air Coins
- The project party hypes up the project, but in reality, there is no technical team, and they disappear right after issuing the coin.
- Identification method: Check the team's background, see if the white paper is reliable, and don’t believe the nonsense that it will "only go up and never go down."
5 Withdrawal Restrictions/Signs of Scam
- Some shady exchanges may suddenly raise withdrawal thresholds or even shut down the withdrawal function entirely.
- If you encounter such situations, withdraw quickly! Don’t wait until the platform disappears to regret it.
Only choose legitimate exchanges.
Enable 2FA two-factor authentication; don’t give hackers a chance.
Store large assets in cold wallets, don’t keep everything on exchanges.
Do not easily trust strangers, especially those who privately message you to help you make money.
Test with small withdrawals first to avoid being stuck with funds.
Don’t fall for FOMO, stay calm!