Scammers are always coming up with new cryptocurrency-based schemes to steal your money. Here are a few things to be aware of in order to prevent a crypto con.
- They reach out to you first. If you receive any strange message asking you to send some coins to claim some reward. They are 99.9% a scammer.
- If the reward is too good to be true. They always promise an enormous ROI on the money they intend to scam you of.
- If you don't have to do anything to receive a reward. There's a saying that, if you're not paying for it then you're the product. The 'paying' outside literal context can be any effort on your part deserving of such reward.
- If they ask for your private keys. "Not your keys not your coins" is a popular crypto phrase and if anyone should be in possession of your coins or keys it should be you and only you.
- They send you random links. It is pertinent to note that, you should not click any link from any stranger as they might be phishing links or a keylogger.
These and many others are obvious red flag to identify a potential scam. Even if they're not as obvious as these, trust your gut feelings as most times you would be right.
Others opinion are highly welcome on how to know and avoid scams.
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