Avoiding scams in the crypto world is very essential because this field, despite its great opportunities, is filled with risks if you are not careful. Here are the most important tips to avoid fraud:

1. Research thoroughly before investing

• Do not trust any project just because it is popular or heavily promoted on social media.

• Check the project team, the whitepaper, and the business plan.

2. Stay away from big promises

• Phrases like “guaranteed profit,” “double your money in days,” or “once-in-a-lifetime opportunity” are often signs of a scam.

3. Use trusted wallets and platforms

• Choose well-known wallets and platforms with a good reputation.

• Enable two-factor authentication (2FA) to protect your account.

4. Beware of promotional messages and links

• Do not click on suspicious links sent to you via email or private messages.

• Do not give your private keys to anyone, no matter who they are.

5. Do not be fooled by fake accounts

• There are many accounts impersonating influencers or large companies.

• Ensure the blue checkmark and always check official links.

6. Beware of “Pump & Dump” projects

• Projects that suddenly inflate their value and then collapse when the scammers sell their coins.

7. Learn the basics

• Knowledge is power. The more you delve into understanding blockchain and cryptocurrencies, the better you can distinguish good projects from bad ones.