Bitcoin Forum

A warning issued by Cryptoinformers in this report https://www.cryptoinformers.info/news/151-beware-of-free-bitcoin-and-ether-earning-app-scam about free Bitcoin Earning App around the web, everyone has to be careful of any thing free in the crypto-space.

But do you think this scammers will reduce if there is regulation in cryptocurrency?

Only the most stupid people in this market can believe in the free distribution of bitcoins. 4 years ago it was possible to earn some amount of bitcoins on cranes but not now

Some newbies will try it and they will maybe put time there or maybe worst will take a virus and will lost their coins if they have some on there mobile, always they should do research and search another way to make money.

As said above, you have to be either stupid or very badly informed to believe this kind of things (free btc). On the other hand I invite those who read me to the utmost caution when installing applications on mobile. indeed even if they come from google store or other big names, some apps found there still contain malware. Let's avoid getting hacked just because of an airdrop or other low-end pretext, right?

Regulation will help to reduce but they will not completely eliminate because they will find a way to scam people. If they are for scamming, it's already their bread of life and they can't leave it so there must be a way for them to scam people even there's a regulation.

The punishment for such activity should be heavier so that it will put fear to them who have been doing this for a long time. And in crypto world, if there's something that is for free, don't believe it much. There might be some give aways and free eth, btc or other coins but it won't be that much it's mostly a cents give away.

Almost all android applications that claim to offer free cryptocurrency are just lying and want people to download their app or is just to scam them. An app that work with free crypto is the one given away free little token to test the application and project.

The only free cheese is in the mousetrap.

No-one would fall for this unless they are newbies. If any your friend enters into crypto, that is first things to teach him.

Lol... only a newbie or a fool would be a victim of such fraud in the crypto space... why would anyone give away btc for free in the first place?? Makes totally zero sense

Of course, regulation would save us from a lot of scams. But even now we can reduce their number. You just have to be smarter than them.

Because there are no regulations in cryptocurrency, people always get away with the scams that goes on. I believe if scammers are punished severely, it will serve as a detriment to other scammers too.

Remember that there are no easy money here in cryptocurrency. You always think thrice every time there are apps or promotions that offer significant amount of bitcoin or any altcoin. These might be a scam, hacking, or theft. Scammers and hackers are always thinking of new ways to do their thing. Always stay diligent.

Thanks for the sharing articles, actually until nowadays still a lot of people scam by that old method, I think main reason is people too greedy to get free coins, tried to search as keyword in play store, found that a lot of "free" cryptocurrency app and most of them have at least 1K download users, no idea how many victims lose their cryptocurrency.

I think the number of scammers will decrease if the BTC decreases. Evidence is that ICO projects, those who fake on telegrams have dropped in 2019

Because of the massive adoption that Bitcoin is experiencing, everybody here is treating Bitcoin as a much have assets, and scammers are finding ways to scam Bitcoin holders, they shifted from scamming people of their money to scamming people of their Bitcoin.

Alone the word combination of free ETH or BTC should have worn people. Nothing is free in this world, especially in the crypto currencies industry. Work hard and you will get your rewards and put your fingers away from such scam.

This not new problem. But sometimes money make us blind,they not even use their brain. No one apps or web investment give you big amount btc eth or other with instant and free (except long time ago when btc in low price : re faucet). Even we need money please dont be stupid person.

In the beginning of my days as cryptocurrency enthusiast i cant remember that i have any involvement of those so called feebies in the apps that available on the web, I find it waste of time .even in those KYC's from unknown third party platforms are looking fishy to me. in the case of todays crypto freebies from apps that available on the web. I think everyone has a right to do his own will. and we have nothing to do about it. and if there is a regulatory body that policing the space it would help much.

I never use apps like this, Quite a waste of time, Ineffective and potentially high security risks. Such forms of making money should not exist

it is strange that this site is only giving a warning about this particular application while there are many of them that are either scams or malware being spread on the internet to cryptocurrency beginners. was this by any chance popular that this site chose it or was it randomly chosen?

Regulations will not stop anyone from creating websites or apps online.

People need to know what is cryptos if they want to stop scammers,it cannot be generated easily this info can save lot of people from scam attacks.

Regulation is needed now than never, bad exchanges and scammers are taking advantage of lack of regulation in the space, there is no enforcement body to curtail the autocratic behaviour of exchanges, same as scammers with a lot of freedom to steal from people.

Oh well, you can't blame anyone who still falls for this kind of free faucets. I mean, who wouldn't like to earn free bitcoins? Honestly,  If you are familiar with freebitco.in, it is still giving away free btc with minimum payouts. If you have a huge patience, you can really earn. Aside from that, I can't still know any websites that are really legit in giving away free btcs. Just always be vigilant giving away our personal infoa to some websites to avoid being scammed.

Unfortunately, there are a lot of fraudulent projects lately that offer you to earn cryptocurrency for free and when you earn a certain amount they ask you to make a deposit to activate the account and after that you should be banned so be careful.

I used to try a "free btc" from google play store, they give us some credits..and when the credits is due we can change it with btc. Almost finish the task they give me, that takes like 1 week, but it's all in vain when I check again about this app, it's all scam all along. So there's no "free" btc, you must earn it somehow.

It has nothing to do with regulation.  There are lots of applications that are used to steal fiat currencies from people. Though the scam is localized, it happens very frequently and nothing much is done about it.
Cryptocurrency gives us more freedom to prevent this kind of scam unlike fiat

There are lot of modus right now roaming around the internet, just for the stealer to have some bite of your bitcoin. As a bitcoin holder, we are fully aware of this instances, I hope you do not expose your important credentials.

if it is regulated it seems like the scammer will disappear, but other impacts appear to airdrop and micro earning that are similar, everything will be integrated kyc and that will make people leave it especially if the reward offered is very little.

What kind of regulation do you think will reduce scammers !? Never mind, the most appropriate way to anticipate a scam is to avoid all the free ones to get coins. The right way to get coins easily and quickly is to buy them. I don't think for now to get free coins easily, because that will make everyone get rich quick.

Last year, I also encountered the same problem with fake eth mining mobile app. It was supposed to give a few points after watching adds on that app. After a certain threshold, the prize was 1 ETH. I have wasted much of time and found that its nothing but scam. The app owner just got benefited by showing the adds on the app.
Offcource, regulations will reduce or decrease the activities by scammers to a great extent. The only question is when the regulations will be applied to crypto market and what will be the negative impact from it.

Nobody, nobody, gives us the money for nothing. BTC and ETH  can be converted into cash at any time easily. Especially those ones ...

In my mind, people are always gonna be scammed and there will always be scammers.
No matter how much regulation you put up, its still gonna happen.
I mean think about it, there are still people falling for those scam emails from Africa.
If someone falls for these "get something free get rich!" type scams, I actually don't feel sorry for them.
They are either too stupid or too greedy to take care of themselves.
The reality is they are probably both.

As far as the free bitcoin apps go, just don't bother.
In fact, I would say don't bother with anything free in crypto, including bounties and airdrops.
Use your precious time to work, save money, and straight up buy and trade instead.

I agree with you. the fact that it is free is already alarming and it feels like it's just another reason to lure ordinary people into a trap.

I know for sure that there is nothing free in this world and it will not be if it gives something for free and still requires something in return for whether it is your personal data whether it is your review or something else but it is definitely not free with  forever requires some kind of information some kind of business in return is necessary and safeguarded

What else do you expect from something that is giving away "free" coins. Ethereum and Bitcoin all costs money to buy them. Do you really think they were going to give you free coins? They just use the term "free" to grab the attention of the people. And you know people. When they hear "free", they just starts drooling all over. If people are this stupid to fall for those scam, then they deserve to get scammed. At least they will learn something.
Fiat currency is regulated. But still a shit loads of scam are out there. The same case will be for crypto currencies.

I as soon as I see that somewhere is written for free, I immediately alarming and looking for some kind of purpose in this kind of message and very often it turns out that the head of something free is a fraudster who wants to get everything you have

I know some newbie will easily fall for this kind of scheme if they don't have any experience of scam before.
If someone really wants to earn any cryptocurrency they should have to do their own research and understand the essence of cryptocurrency.
No matter what regulations the government makes, a scammer will always find a new way to scam people.

If can be reduced by proper regulations, thanks for bringing this one out and it looks like they always have a new ways to scam people. We need to be careful always, always think ahead in terms of security and don’t believe easily.

scammers are everywhere, they are in groups like an organized team, developing various ways to fool users. the scammer action should be stop and the steps taken are to provide clear regulations to narrowing down their space. but the problem is who made the regulation because so far cryptocurrencies are independent and open to broad any development. if a rule is made who will obey it and who will give sanctions. so regulation seems useless.

Indeed, regulation will not eliminate scammers maybe it will only reduce it. But the problem is if there are regulations and punishments, then how to find these scammers while crypto is anonymous, not even anyone can trace their whereabouts.

And scammers who have pocketed millions of dollars from their victims are definitely not ordinary scammers, they must have understood what they have to do to eradicate the traces of crime, so many countries ban bitcoin because of a lot of money laundering from here, huh.

Oh is this really true? I have heard so much about some application that gives free Bitcoin but I am being careful especially when it includes KYC because many people took advantage of this for identity theft. Better safe than sorry. We should research first before we join. Beware guys.

If there are regulations, they will also limit fraudsters. As you know, scammers always hit the greed of others. Those who do not want to work but still want money will be those who are cheated. The best way to limit fraud is to thoroughly understand a problem and not be too greedy.

Those free faucets only generate you small satoshi, but when accumulated by a year, it makes something difference. But beware on visiting some sites like that because it may scam you in return. for phishing.

beware, most of Faucet app with high payments and Cloudmining app with high bonuses are scams. especially the cloudmining app. they maybe paid in the first day, then after some people deposit on their app they will run with investor money and not paying your bonuses anymore.

You are right. With the coin being regulated, we can seriously reduce some scammers. But the negative side on it, was the government already entering on the cryptocurrency thing, and its bad for us.

It is really strange having an anounce information like this. So for all of us in here in the cryptomarket we really need to be careful. Extra careful om everything that might caught are attention in a fast ways for a better investment. So my tip for everyone, only trust a project like the ACI COIn which offer a good things into trading. Another thing we must consider all the projects whitepaper, its team and on how they run it to avoid us from being scam.

Regulation won't stop anything. What does this have to do with regulation anyway? There are many none crypto-related scams on the google store. Just the other day I saw one for reffwral links where it is meant to share your referral with other members when you join under them. The thing is the referral kinks redirect to the owner of the apps referral links. There also many deceitful or straight out not paying to get paid to apps as well.  

I don't know why people go for this shitty earning method! Where they can easily earn money by doing airdrop and bounty tasks! People don't learn from their experience, because all of these types of app will scam you for sure, this is clear like daylight! Playstore removed lots of apps like this one, so, there is no fee earning in crypto, you have to spend your time and hard work on it!

I tried this type of apps about 2-3 years ago, that time payment was very little, and right now it's nothing worthy! Every app I tried, they all are gone now! So, anyone should stop wasting time on these scam apps, whatever they offer, soon or later they will scam you!

It is already 2020 guys and these scammers will never stop making new apps to get victims through their false promise.
If you see an android app and it's an obvious scam app, report it to google.