Though this topic has become a cliche,I can see everyday someone is scammed somewhere on the internet with fake bitcoin related services.The following article is brief and to the point about the easiest bitcoin scams unknown to a beginner.
Typical Bitcoin scams
We looked at the findings of Marie Vasek and Tyler Moore and here are their key findings. The common element among all these scams though is greed and naivety on the part of the users:
1. Bitcoin Investment Programs: If it is too good to be true it probably is not goes the old adage and it is as true today as it was in the past. When people are promised higher yields on their deposits, they are often swayed by greed.
You should be wary of wallets that offer returns if you keep money in them or if some investment program gives you way more returns than the prevalent market rates.
2. Bitcoin Mining Scams: A lot of mining operations are alleged to be scams but to narrow down the definition mining scams can be described as operations, which take a fee to mine Bitcoin on your behalf but never deliver. Cloud mining particularly has been in the eye of the storm. Researchers Moore and Vasek:
“Active Mining and Ice Drill are operations that raised money to purportedly make ASICs and share the profits but never delivered. AsicMiningEquipment.com and Dragon-Miner.com are fraudulent mining e-commerce websites.”
3. Bitcoin Wallet scams: Getting pickpocketed sucks but having your money vaporize under your very nose is brutal. The usual modus operandi of scam wallets is that the victim deposits Bitcoin into such a wallet and when it reaches a certain threshold; the money is transferred to the scamster’s wallet. In its analyses of fraudulent Bitcoin wallets, the report states that:
“We were able to analyze three of these services (Onion Wallet, Easy Coin, and Bitcoinwallet.in), in which all transfers from the victims were ultimately delivered to the same address held by the scammer. These particular scams advertise themselves as offering a mixing service that enhances transaction anonymity for customers. In fact, all three services appear to be operated by the same scammer, because the siphoning transfers all go directly to the same Bitcoin address.”
4. Bitcoin Exchange Scams: Exchanges are the point of entry into the Bitcoin universe and many victims of scams are attracted to lower exchange rates, promises of anonymity or offerings such as PayPal or Credit Card processing that other exchanges may not offer.
Once the victim deposits payment for buying Bitcoin, they never actually receive their cryptocurrency leaving them high and dry. Most fraudulent exchanges seem to have a short life span.
Source :
https://cointelegraph.com/news/beware-4-typical-bitcoin-scams-in-mining-investment-wallets-exchange