Beginners Be attentive and mindful
Common Crypto Trading Scams:
1. NFT Selling Scams: Fraudsters sell fake or stolen NFTs, or promote worthless collections as valuable.
2. Trading Signal Scams: Paid groups claim to provide profitable trading signals but deliver inaccurate or misleading information.
3. Unauthorized Exchanges: Unregistered platforms (not listed on sites like CoinGecko) may disappear with funds or manipulate trades.
4. Another common scam involves individuals offering to sell USDT at rates lower than the market price outside of the P2P platform. These deals may seem tempting but are often fraudulent, leaving buyers at a loss. Always stick to trusted platforms for transactions.
Tips to Stay Safe:
Verify NFT projects through official channels.
Avoid paying for signals; rely on self-research.
Use exchanges verified by trusted sources like CoinGecko.
Victims of scams often stay silent to avoid embarrassment, but speaking up can help prevent others from falling into the same trap.
if you know of any other scams related to crypto trading, comments below. your input can help raise awareness and protect others in the community."
