Cryptocurrency Scams, Avoiding Pitfalls, A Must-Read for Beginners 🔥 Have You Fallen for These Scams? 💸
Recently, the cryptocurrency market has been highly volatile, and many scammers have started to become active! As someone who has been in the crypto space for 3 years, I’ve compiled a list of "Common Cryptocurrency Scams + Anti-Scam Guide" to help everyone protect their wallets! 💰
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### ⚠️ Common Cryptocurrency Scams
1️⃣ High Return Scams
- Scammers often use phrases like: "Guaranteed profits", "Monthly returns of 50%+", "Let you earn effortlessly"
- Truth: There are no guaranteed profit projects in the crypto space; high returns = high risks, and it could even be a Ponzi scheme
2️⃣ Pig Butchering (Romance + Investment Fraud)
- Scammers disguise themselves as "crypto big shots" or "close online friends", build emotional connections, and then lure you into investing in fake platforms
- Typical Case: An online friend invites you to participate in a "high-yield project", only to find out when withdrawing that the website has disappeared
3️⃣ Fake Exchanges/Wallets
- Forging the official website or app of a well-known exchange, tricking you into entering your account password to steal assets
- Anti-Scam Tip: Always download apps from official channels; don't click on unfamiliar links!
4️⃣ False ICOs/Air Coins
- The project team exaggerates the benefits, but there is no technical team, and they run off after issuing the coins
- Identification Method: Check the team's background, see if the white paper is credible, and don’t believe in the nonsense of "only rising, never falling"
5️⃣ Withdrawal Limitations/Signs of Running Away
- Some shady exchanges suddenly raise withdrawal thresholds or even shut down the withdrawal function altogether
- If you encounter this situation, withdraw your funds quickly! Don’t wait until the platform runs away and regret it
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🔒 Anti-Scam Guide
✅ Only choose legitimate exchanges
✅ Enable 2FA for double verification; don’t give hackers an opportunity
✅ Store large amounts of assets in a cold wallet, don’t keep everything on exchanges
✅ Don’t trust strangers, especially those who message you to help you make money
✅ Test small withdrawals before larger ones to avoid being stuck with funds
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Final Reminder: There are many opportunities in the crypto space, but there are even more pitfalls! Everyone must stay clear-headed and not be misled by FOMO (Fear of Missing Out)! 💪
