The crypto world offers huge opportunities — but it also attracts scammers who prey on excitement and fear of missing out (FOMO). From “too-good-to-be-true” projects to sudden rug pulls, knowing how to protect yourself is essential. Here’s a simple guide to staying safe.
1. Do Your Own Research (DYOR)
Don’t just trust hype on social media. Before investing in any project:
Check the team’s background and if they’re verifiable.
Read the project’s whitepaper for clarity and realistic goals.
Look for active social channels and community engagement.
2. Watch for Red Flags
Common scam signs include:
Unrealistic promises like “100x returns in a week.”
Anonymous teams with no credible track record.
No clear use case or purpose for the token.
3. Check the Liquidity & Smart Contract
In DeFi projects, rug pulls often happen when liquidity is controlled by the project team.
See if liquidity is locked for a set period.
Review the contract on blockchain explorers for suspicious functions. #scamsafety #Rugpull #crypto #LearnTogether