Cryptocurrency Scams

Crypto scams are tricks that criminals use to steal your hard-earned digital money. Here are the main types to watch out for.

Phishing scams

  • Scammers send fake emails or messages pretending to be real crypto companies
  • They try to steal your login details to access your wallet and take your crypto

Fake websites

  • Some sites look exactly like genuine crypto exchanges or wallets
  • They’re designed to take your info or trick you into sending crypto to scammers

Unrealistic investment schemes

  • Scammers promise huge returns on investments in a very short time
  • These are often Ponzi schemes where new investor money pays early investors
  • Eventually the money runs out and the scammer vanishes

Pump and dump scams

  • Groups artificially boost the price of a little-known cryptocurrency with hype
  • They sell at the peak for profit, causing the price to crash and new investors to lose out

Impersonation tricks

  • Scammers pretend to be famous people or companies on social media
  • They promise big instant returns on crypto investments
  • But they just take your money and disappear

How to stay safe from crypto scams

  • Always research thoroughly before investing or engaging with crypto offers
  • Never share your private keys or wallet login details with anyone
  • Be very wary if something sounds too good to be true – it usually is
  • Stay informed about the latest scams to better protect yourself

In the risky world of crypto, it pays to be cautious. Keeping your digital cash secure means staying alert and questioning any unsolicited offers. If you’re informed and careful, you can avoid falling victim to crypto scams.


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