⚠️5 common scams with Bitcoin and cryptocurrencies‼️
✏️1. Pyramid scheme.✨
This type of scam is very common; we are almost sure that at some point you were also offered to make millions of dollars by investing in cryptocurrencies.
💢🔸How to avoid falling for a pyramid scheme?✨
Research the company and the founders behind the project; reading comments from other users is also important. If the company offers you very high returns without any basis, you should be careful.
✏️2. Fake or blackmail emails.✨
Scammers often send emails for various reasons, one of which is blackmailing you with private photos or videos, asking for cryptocurrency as payment to avoid being manipulated or published. They may also use fake emails from the Metamask wallet indicating that you have a pending balance to claim or any other excuse to get you to click on a link where they ask for your wallet password, allowing them to steal your crypto.
💢🔸How to avoid falling for fake emails?✨
Do not open emails from questionable reputations impersonating a wallet or exchange, and mark them as spam. The links in the email may contain viruses that could affect your computer or wallet and could steal your personal data.
✏️3. Fake celebrity endorsements.✨
These types of scams are very common on social media, where you can see opinions from famous people encouraging the purchase or investment in a certain project; it tends to be of this type.
💢🔸How to avoid falling for the fake celebrity endorsement scam?✨
Well, it is almost impossible for a famous and multimillionaire person to be 'giving away cryptocurrencies' or promoting investment in a certain asset unless it is paid advertising, which is why you should check carefully before taking it as an investment recommendation.
✏️4. Pump and dump.✨
This type of scam occurs when scammers encourage investors to buy a certain cryptocurrency by providing false information with the aim of increasing its price. When this happens, they sell their cryptocurrencies, making a profit, leaving investors with worthless cryptocurrencies.
In this case, scammers encourage investors to buy shares of little-known cryptocurrency companies based on false information. Subsequently, the price of the shares rises, and the scammer sells their own shares, making a good profit and leaving the victim with worthless shares.
🔸💢How to avoid falling for the Pump and dump scam?✨
The best thing you can do is, before investing in a cryptocurrency, conduct your own research and not be swayed by the opinions of others. No matter how much
✏️5. Fake purchases with cryptocurrencies.✨
This method is very common in online stores where they promise to sell products at super low prices with the aim of having you pay with cryptocurrencies. Since in crypto wallets you cannot see who it belongs to, it is very easy for scammers to camouflage themselves.
🔸💢How to avoid falling for this scam?✨
If you see something suspicious about the product and they want you to make the payment with cryptocurrencies, check very carefully before doing so, verify if it is an official store, comments from previous buyers, etc.
