Tips for beginners to avoid getting scammed

[Tej7701]

Can you suggest some precautions for beginners to avoid getting scammed ?

[EXtremeAEX]

Good that you asked

- Hold your Coins
- Do not invest into sites that promise '2% Return Monthly' 'Get 15000 satoshis daily by depositing XXX BTC', these are most likely scams
- Avoid the investors-based games thread
- Try not to trade/invest in altcoins to earn BTC if you are a starter (only trade with what you can afford to lose)
- Read more on this forum (many posts are helpful)
- If you are using any service that uses your Bitcoin (i.e. BTC Wallets, Exchange Sites), do check for its reputation and security

Do not get pulled in into a ponzi, nothing is free in this world, you have to work hard if you want to 'earn' BTC.

[LodisMcguire]

There's no such thing as get big in short time except for gambling,you shouldn't trust anything who tell you that
And for technical thing like wallet,you should see the address bar on your browser to avoid getting phising,make sure it's secure and real address

[bouren]

Can you suggest some precautions for beginners to avoid getting scammed ?

Try keeping faith in honesty and hardwork. Never give out your bitcoins to any third party or individual seems any how promising to you and offering you return on your coins.
Use escrow whenever you buy/sell anything in BTC.
Don't invest your funds in any new ICO just by reading few supportive lines. Do understand project completely and evaluate how promising it is on your grounds and then go for investing.
Double check BTC address before sending funds. Avoid phishing pages.

[aoluain]

do a lot of reading on this forum !
it is a wealth of information but you will have to filter what you read !

there are people here giving advice on coins that they like or are invested in
so do your own research before buying into anything.

and please visit this page for tips > https://bitcointalk.org/index.php?board=39.0

[LuanX3]

Good that you asked

- Hold your Coins
- Do not invest into sites that promise '2% Return Monthly' 'Get 15000 satoshis daily by depositing XXX BTC', these are most likely scams
- Avoid the investors-based games thread
- Try not to trade/invest in altcoins to earn BTC if you are a starter (only trade with what you can afford to lose)
- Read more on this forum (many posts are helpful)
- If you are using any service that uses your Bitcoin (i.e. BTC Wallets, Exchange Sites), do check for its reputation and security

Do not get pulled in into a ponzi, nothing is free in this world, you have to work hard if you want to 'earn' BTC.

Also, in addition, if you are trading here on the forum with other members it is best to use escrow. Especially if you are dealing with people with bad reputation. Though it doesn't mean you will be 100% secure, but it will significantly improve your chances of not getting scammed.

[YuginKadoya]

Good that you asked

- Hold your Coins
- Do not invest into sites that promise '2% Return Monthly' 'Get 15000 satoshis daily by depositing XXX BTC', these are most likely scams
- Avoid the investors-based games thread
- Try not to trade/invest in altcoins to earn BTC if you are a starter (only trade with what you can afford to lose)
- Read more on this forum (many posts are helpful)
- If you are using any service that uses your Bitcoin (i.e. BTC Wallets, Exchange Sites), do check for its reputation and security

Do not get pulled in into a ponzi, nothing is free in this world, you have to work hard if you want to 'earn' BTC.

Like what he just said I agreed to it, Don't try to invest for now or don't invest at all so you can be sure that you will not get scam, and yes there is a lot of promise in trading but try to avoid it for now if you are only starting, and just let hold of your bitcoin because it is still increasing, and stick to signature campaign for now if you are accumulating your earning for now and try to read the do's and don'ts of every campaign to avoid getting kick from it.

[itsallpc]

Can you suggest some precautions for beginners to avoid getting scammed ?

Never do trades without an escrow.Avoid trading with newbies as most scammers use newbie accounts to scam people.Don't trade with people who have red tag or negative trust.Even if the escrow fee goes 1% or 2%,just use escrow so that your money would be safe.

[PixieChic]

I found this to be very helpful information. I am slightly new to btc and have just began taking it as a form of payment. I am a web designer and am happy to have many options for my clients. Thank you for the post!

[piececake24]

Can you suggest some precautions for beginners to avoid getting scammed ?

For me if you are a newbie you will always encounter this kind of situation you'll always be targeted by scammers so better to knlw who you're dealing with.. You can't avoid this kind of matters you'll always find one who targeting you for me as a newbie it's better to experience being scam because experience brings out the best of you just educate yourself to be more knowledgeable to this kind of field to avoid scammers

[nightxglow]

Well what's for sure is Don't trust something easily. Never believe if they offer you something big, like 2x return, 100% interest and others.
Always check everything to make sure the investment is not a scam. Maybe you can ask first to the seniors here before putting your money there.
If it's a website, check first whether it's famous and trusted already or not. Maybe you can even read review or the testimoni? But make sure it's real, not fake.
That's all i can say, just remember again, don't trust easily.

[Naughtis]

Can you suggest some precautions for beginners to avoid getting scammed ?

We just need to be wise in all our transactions to avoid any problems. Just be wise and patient. Thats all we need. There will be many scammers there better to be wise and avoid them.

[Iranus]

-Don't use escrow sites, they're not very accountable for your actions.  Use a forum escrow, and check their recent trust.  Always make sure that the escrow talks to you directly and verify that you are sending to their public address (always verify their signature).

-Don't trade with other newbies.  Just don't do it.

-Don't deal with PayPal or other reversible money transfer systems.

-Don't trade altcoins unless you've done thorough research on the development team, why the coin needs to exist and other information, otherwise you're practically gambling and you're getting played by whales.

[ebliever]

Good that you asked

- Hold your Coins
- Do not invest into sites that promise '2% Return Monthly' 'Get 15000 satoshis daily by depositing XXX BTC', these are most likely scams
- Avoid the investors-based games thread
- Try not to trade/invest in altcoins to earn BTC if you are a starter (only trade with what you can afford to lose)
- Read more on this forum (many posts are helpful)
- If you are using any service that uses your Bitcoin (i.e. BTC Wallets, Exchange Sites), do check for its reputation and security

Do not get pulled in into a ponzi, nothing is free in this world, you have to work hard if you want to 'earn' BTC.

Good advice! Though I would temper the advice about altcoins with a suggestion to diversify and not hold a single cryptocurrency, not even bitcoin. But research each cryptocurrency you buy and be able to write down why you are buying it (if it is just a feeling, don't buy.) And be aware that as volatile as bitcoin is, pretty much all other cryptocurrencies are even worse.

[Theb]

When it comes to online investment don't trust any of the so-called High Yield Investment Programs or HYIPs because they are not really a company that gives you high yields they are fake sites that will only run away your money, regardless of how early or how many you recruit it will always end up with someone losing their money because the possibility of this sites running away are high.

[Souldream]

Can you suggest some precautions for beginners to avoid getting scammed ?

Just be observant and wise. Just think twice before you decide. It will be a big money involved so better to take care in every transactions that you are making. It is a money talk be careful everyone change when it comes to money.

[passionsurf]

If you're looking into ICO's, then these guys seems to do their due diligence:
https://www.icocountdown.com

[joshy23]

When it comes to online investment don't trust any of the so-called High Yield Investment Programs or HYIPs because they are not really a company that gives you high yields they are fake sites that will only run away your money, regardless of how early or how many you recruit it will always end up with someone losing their money because the possibility of this sites running away are high.

I think almost everyone here has been victimized by the so called HYIP. I myself when I was started fall for it. So stay away from this kind of investment. I think if you are going to trade with someone here, use escrow to be safe as well. Read a lot on this forum, and understand those ICO's/Crowsale going before investing also.

[Kray]

Can you suggest some precautions for beginners to avoid getting scammed ?

• Do not trust Pump and Dump schemes, except you know what you do
• Do not invest in HYIP/Ponzi schemes
• Do not join unclear ICO
• Do not trust unclear cloud mining
• Do not lend to everyone
• Do not play gamble
• Do not trust all getting rich schemes

[Heartilly]

Can you suggest some precautions for beginners to avoid getting scammed ?

Common sense and trust your guts. If you feel like engaging in a suspicious transaction, then better not to push through it. You need to be careful since there are lots of scams in the internet now.