#MEMEAct

Every day, cybercriminals try to gain the trust of traders in order to seize their money. Nowadays, cryptocurrency trading is at the peak of popularity and opens up many opportunities for high earnings. However, where there is a lot of money, there are always risks to meet scammers who are ready to use human weaknesses in their favor.

In this article, Traders Union experts will tell you what fraud schemes exist and what signals allow you to identify scammers.

When trading digital assets, there are always risks of encountering fraudsters whose main goal is to leave as many traders as possible with empty pockets. They often use such schemes as phishing, pump and dump, fake coins and pyramid schemes. The main signs of an unscrupulous exchange are: lack of regulation, inaccurate information on the site, overly tempting offers, and dubious coins.